2024 Infectious Diseases Diagnostics Market Long-term Outlook

Global Market Study on Infectious Diseases
Diagnostics: increasing Demand for Evidence –
Based Treatment to Boost Demand for Infectious
Diagnostics Testing during Forecast Period
R e s e a r c h
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Infectious Diseases Diagnostics Market 2016-2024
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Report Media Releases
Global Demand for Infectious Disease Diagnostic Test Kits
to Reach US$ 876.8 Mn in 2016, with APAC Expected to
Emerge the Most Lucrative Market over the Forecast
Period
According to the latest market report published by Persistence Market Research, titled “Global
Market Study on Infectious Diseases Diagnostics: Increasing Demand for Evidence-Based
Treatment to Boost Demand for Infectious Diagnostic Testing during Forecast Period”. The
global market for infectious diseases diagnostics is estimated to reach US$ 876.6 Mn in 2016
M a r k e t
from US$ 827.7 Mn in 2015 owing to increasing demand for diagnostic kits caused by rising
incidence rate of infectious diseases.
The global infectious disease diagnostics market is expected to reach US$ 1503.8 Mn by 2024.
Sexually Transmitted Diseases (STDs) segment is expected to continue to remain the largest
segment by diseases indication accounting for US$ 282.4 Mn in terms of revenue in 2016, a Y –
o – Y increase of 7.0% over 2015. The chlamydia diagnostics test kits are expected to gain
upward momentum in 2016, growing at 8.9% in terms of revenue, the fastest among disease
indication segment.
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Cell cultures segment is expected to register highest CAGR in terms of revenue, by test type
accounting for US$ 311.4 Mn in terms of revenue in 2016. The affordability of cell culture kits
and large applications in diagnosis of several infectious diseases is gaining traction.
Consumption demand for cell culture test kits will witness a growth rate of 7.2 % in 2016 over
2015.
Diagnostic centers end user segment is expected to register highest CAGR in terms of revenue,
accounting for US$ 392.8 Mn in terms of revenue in 2016. The increasing number of diagnostics
centers, worldwide and a large number of patient pool depending on diagnostics centers for
diagnosis of infectious diseases is expected to increase demand for diagnostics tests among
diagnostics centers. The diagnostics centers end user segment will witness a growth rate of 7.4
% in 2016 over 2015.
Infectious Diseases Diagnostics Market 2016-2024
R e s e a r c h
Becton, Dickinson and Company, Cepheid, Inc. Abbott Laboratories, bioMérieux SA, Hologic,
Inc., Danaher Corporation, Thermo Fisher Scientific Inc., Roche Diagnostics, Alere Inc., DiaSorin
S.p.A., Quidel Corporation, and Bio-Rad Laboratories, Inc. are key players in the market. Top
players are focusing on developing new products and improving sensitivity and specificity of the
test kits. Collaborations and joint ventures among manufacturers and local governments are key
business strategies being adopted to increase market share.
PMR Long-term Outlook: PMR projects the global infectious disease diagnostics market to
witness moderate growth during the forecast period 2016–2024. APAC will continue to remain
the largest market for infectious disease diagnostics, registering a CAGR of 7.9% over the
forecast period.
M a r k e t
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About Us:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a
unique collaboration of data analytics and market research methodology to help businesses
achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary
P e r s i s t e n c e
approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying
real-time data collection, big data, and customer experience analytics, we deliver business
intelligence for organizations of all sizes.
Our offerings include pre-built reports that address every major sale, customized solutions to
cater to client-specific needs, and consulting services to offer more value addition. Our nextgeneration research approach for exploring emerging technologies has allowed us to solve the
most complex problems of clients. We do not follow a reactive approach, but a pro-active one.
Expert analysts at PMR keep a tab on next-generation technologies in their R&D phase and
provide the latest insights into these technologies when they are being commercialized. Our
ground-breaking approach allows us to deliver market solutions before the technologies reach
the market.
Infectious Diseases Diagnostics Market 2016-2024
R e s e a r c h
startups. PMR’s collaborative environment is committed to building industry-specific solutions by
transforming data from multiple streams into a strategic asset.
Browse through the full Infectious Diseases Diagnostics Market Report
at http://www.persistencemarketresearch.com/market-research/infectious-diseases-
diagnostics-market.asp
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Infectious Diseases Diagnostics Market 2016-2024

PMR projects the global infectious disease diagnostics market to witness moderate growth during the forecast period 2016–2024. APAC will continue to remain the largest market for infectious disease diagnostics, registering a CAGR of 7.9% over the forecast period.