Rapid Influenza Diagnostic Tests Market to Register CAGR 8.7% Increase in Revenue by 2019 to 2029 End

24/mar/2020 08:19:02 persistencemarketresearch Contatta l'autore

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Diagnosis of infectious diseases such as influenza is seeing a sea change owing to technological innovations and development of next-generation molecular tests such as  Nuclear Acid Amplification Tests (NAATs)  and advanced immunoassays. The global rapid influence diagnostic tests market size will witness robust expansion at over  8% CAGR during  the forecast period  (2019 - 2029) .

Conventional immunoassays tend to be limited by their sensitivity and specificity, a shortcoming expected to be overcome through product innovation by key molecular diagnostics companies. Quidel and BD integrated electronic readers with immunoassays, to increase test sensitivity without switching to other expensive detection devices.

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Key Takeaways – Rapid Influenza Diagnostic Tests Market Study

  • In the last few years, constant increase in demand for rapid point-of-care tests has prompted health-care providers to shift to rapid influenza diagnostic tests that can achieve results in 15 minutes or less.
  • In terms of principle, immunochromatographic assays are expected to garner maximum share in the rapid influenza diagnostic tests market, which is attributable to its low cost and easy-to-use nature.
  • Attributable to growing number of clinics, hospitals, and diagnostic centers, the global rapid influenza diagnostic tests market in North America is at the forefront and it is expected to remain most profitable region during the forecast period.
  • South Asia is anticipated to be the fastest-growing region owing to high prevalence of seasonal flu and increasing preference to opt for diagnostic testing.

Considerable impact of global public health organizations in identifying effective flu management strategies coupled with rapid uptake of point-of-care diagnostic tools by primary care physicians are further augmenting the growth prospects for rapid influenza diagnostic tests market.

Strategic Expansion Strategies of Leading Players Shaping Market

Prominent molecular diagnostics vendors are focusing on establishing long-term supply relationships with diagnostic centers and other testing facilities. They are emphasizing more on increasing their sales force and entering into strategic partnerships with local suppliers and distributors to expand product reach.

For instance, Cardinal Health collaborated with Qiagen to distribute the company’s molecular diagnostic products to smaller and mid-sized U.S. hospitals.

According to the American Hospital Association, there are around 5,000 community hospitals in the U.S., and this share is anticipated to grow exponentially due to substantial growth projections for players in the rapid influenza diagnostic tests market.

Moreover, the rapid influenza diagnostic tests market is expected to witness significant growth, which is attributed to a robust pipeline of innovative products.

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COMPANIES COVERED IN RAPID INFLUENZA DIAGNOSTIC TESTS MARKET REPORT

  • SA Scientific
  • 3M Company
  • Abbott
  • Becton, Dickinson & Company
  • Biocartis N.V.
  • BioFire Diagnostics (bioMerieux, Inc.)
  • Biosynex S.A.
  • Cepheid, Inc.
  • Creative Diagnostics
  • Focus Diagnostics (DiaSorin SpA)
  • F. Hoffmann-La Roche
  • GenMark Diagnostics
  • Hologic, Inc.
  • Luminex Corporation
  • Meridian Bioscience, Inc.
  • Princeton BioMeditech Corporation
  • QIAGEN N.V.
  • Quidel Corporation
  • Sekisui Diagnostics
  • Thermo Fisher Scientific, Inc.

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Know More About the Report

Persistence Market Research offers a unique perspective and actionable insights on rapid influenza diagnostic tests in its latest study, presenting historical demand assessment from 2014 – 2018 and projections from 2019 – 2029.

Principle

  • Immunochromatographic Assays
  • Immunofluorescence Assays
  • Nucleic Acid Amplification Test (NAAT)

Test Type

  • Influenza A Test
  • Influenza B Test
  • Influenza A+B Test

Sample Type

  • Throat Swab
  • Nasal Swab
  • Nasal Aspirate
  • Nasal Wash
  • Nasopharyngeal Swab
  • Nasopharyngeal Aspirate
  • Nasopharyngeal Wash
  • Others

End User

  • Hospitals
  • Diagnostic Centers
  • Nursing Homes
  • Office-based Settings
  • Urgent Care Centers
  • Retail Pharmacy Clinics
  • Schools & Universities
  • Public Health Camps
  • Others (Cruise Ships, Correctional Facilities, etc.)

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

More About the Report –

Unprecedented access to a world of information has given rise to the empowered, albeit distrustful, consumer. So is the case with healthcare, where the patient has been rendered more informed and conscientious thanks to the extraordinary penetration of the Internet. The discerning patient now demands more affordable, sophisticated, transparent, and personalized healthcare services, creating the need for new models for care.

The advent of health information technology (HIT) components such as electronic health records (EHR), hospital information systems (HIS), picture archiving and communication systems (PACS), and vendor-neutral archives (VNA) has had just as transformational an impact on the overall healthcare sector as the concerns regarding security and privacy. Data theft, undue access to personal health records, and cyber-attacks are very real threats that the healthcare sector faces today.

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