Global Influenza Diagnostics Market | Industry Trend Analysis
The Global Influenza Diagnostics Market was worth USD 0.42 billion in 2014 and is expected to reach approximately USD 0.88 billion by 2023 while registering itself at a compound annual growth rate CAGR of 8.45% during the forecast period. Influenza or popularly known as ‘Flu’ is an infectious disease that is caused by any virus of influenza. Due to rising incidences of influenza the influenza diagnostics market is experiencing a growth in volume as well as value. The development in Investments for flu diagnostics, and rising interest for quicker diagnostics of influenza and control of flu are the central factors that are relied upon to drive the development of this market in the forecast years.
Test Type Outlook and Trend Analysis
According to the Type, the market of Influenza Diagnostics is divided into Traditional and Molecular. The Traditional Test type is further divided into Traditional Viral Culture, Serology Test, Rapid Influenza Detection Test, and DFA. Rapid Influenza Detection Test RIDT constituted the major share of the market due to its benefits such as quick results, user friendly, etc. The RIDT is expected to continue growing during the forecast period. The Molecular test types segment is also further divided into Nucleic Acid Sequence-Based Amplification NASBA, RT-PCR, Loop-Mediated Isothermal Amplification-Based Assays LAMP, and Simple Amplification-Based Assays SAMBA. Due to its ability to distinguish between Influenza A and B viruses the RT-PCR is the most widely used Molecular test.
End User Method Outlook and Trend Analysis
The End-User segment is fragmented into Hospitals and Clinics, Reference lab, POC, Home Care Agency. The Hospitals and Clinics segments amongst the End-User segments are prominent due to extensive use of these tests in diagnostics of influenza which are mostly carried out there.
Regional Outlook and Trend Analysis
According to the region, the Global Influenza Diagnostics Market is segmented as North America, Asia-Pacific, Europe and South America and Middle East and Africa. The Europe regions accounts to the majority of the share in the Influenza Diagnostics Market due to increasing population and also rising incidents of influenza diseases. The North-America region is the second largest market for Influenza Diagnostics followed by Asia-Pacific which is expected to grow at the highest CAGR during the forecast owing to increased expenditure, rising influenza incidents, etc.
Competitive Insights: The leading players in the market are Roche Diagnostics, Meridian Bioscience Inc., Becton, Abbott, QIAGEN, Alere Inc., Thermo Fisher Scientific Inc., and Dickinson and Company. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Influenza Diagnostics Market is segmented as follows-
Global Influenza Diagnostics Market By Natural Test Type:
- Traditional Viral Culture
- Serology Test
- Rapid Influenza Detection Test
Global Influenza Diagnostics Market By Molecular Test Type:
- Nucleic Acid Sequence-Based Amplification NASBA
- Loop-Mediated Isothermal Amplification-Based Assays LAMP
- Simple Amplification-Based Assays SAMBA
Global Influenza Diagnostics Market By End User:
- Reference lab
- Home Care Agency
Regional Analysis: The major regions where Influenza Diagnostic market is concentrated include South America, Europe, Asia Pacific, North America, Middle East, and Africa. The key countries include Germany, Italy, France, UK, Russia, Turkey in Europe; United States, Canada, and Mexico in North America; China, Malaysia, Japan, India, Thailand, Philippines, Korea, Indonesia, Australia, Vietnam in Asia Pacific Region; Brazil in South America; GCC Countries, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Egypt in Middle East and Africa.
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Influenza Diagnostics Market Report Summary: In the first section, the Global Influenza Diagnostics Market report presents industry overview, definition, and scope. The second part briefs about the Global Influenza Diagnostics industry bifurcation by Type, Application and Geographical regions. The top industry players, revenue analysis, and sales margin are explained. The production and consumption scenario is specified.
The SWOT analysis by players, the growth rate for each type, application, and the region is covered. A 5-year forecast Global Influenza Diagnostics industry perspective will lead to profitable business plans and informed moves. Towards, the end data sources, research methodology, and findings are offered.
- Further breakdown of the North American data-wrangling Market
- Further breakdown of the European Market
- Further breakdown of the APAC Market
- Further breakdown of the MEA Market
- Further breakdown of the Latin American Market
Please note that owing to the criticality of the Influenza Diagnostics Market and rapidly changing market attributes, we are in the middle of updating the report. The final report may require 2 to 3 working days post-confirmation in order to cater to the most recent updates.
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