North America Infectious
Disease Diagnostics Market Study Analysis:
The North America infectious
disease diagnostics market is expected to reach USD 7,674.18 Million by 2025
from USD 5,262.41 Million in 2018, at an increasing CAGR of 5.60%.
Rising incidence of
infectious disease, growing adoption of advanced molecular techniques, and
developing interventions from government and non-profile organization to
decrease infectious disease in underdeveloped countries are endorsing the
growth of this market in North America. In addition, the companies operating in
these technologies are converging on the development of novel diagnostics,
which eventually gives pace to the market growth. Nevertheless, a lack of
awareness for a novel diagnostic solution, the absence of compiled regulatory
guidelines and lower positivity rates due to inferior laboratory requirements
would hinder the growth of infectious disease diagnostics market.
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Key Growth Drivers and
Restraints of North America Infectious Disease Diagnostics Market:
Improved prevalence of
infectious diseases is one of the important driving factors of infectious diseases
diagnostics market. Development in research and development coupled with the
development of novel technologies are anticipated to drive the growth of the
North American market. However, lack of knowledge about advanced technologies
and poor laboratory conditions are the circumstances that negatively impact the
market growth during the forecast period.
The regional market is
anticipated to grow during the forecast period due to the rising prevalence of
various infectious diseases such as malaria, TB, HIV/AIDS, hepatitis, HAIs,
STDs, and diarrhea. The other vital drivers of this market are increasing
demand for rapid diagnostic technique over the current technique due to the
long turnaround time and supportive government funding. The various methods
used for analysis are microbiological techniques, intensive care medicine, and
clinical laboratory techniques
Infectious illness conditions
are highly prevalent in underdeveloped regions due to a lack of awareness for
personal hygiene, minimum healthcare expenditures, and the absence of effective
physician services. The high incidence of infectious illnesses across emerging
economies formulates a major share in the overall market. Presently, the gold
standard tests available for bacterial germs and sexually transmitted disease
diagnosis have a major market share. However, these tests are expected to
replace by molecular techniques in the future.
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North America Infectious
Disease Diagnostics Market Geographic Analysis: Geographically, North America is dominating the world
market due to the presence of a large number of the patient population, a large
amount of investment in this sector and healthcare infrastructure, and many
government initiatives.
Some of the important players operating in North America infectious disease
diagnostics market are Johnson &
Johnson Services Inc., Siemens AG, Abbott, Danaher, ThermoFisher Scientific,
Inc., Bio-Rad Laboratories Inc.,Hologic, Inc., BD, F. Hoffmann-La Roche
AG, Qiagen N.V., Sofia s.a.,Cardinal
Health, Inc., Ingersoll-Rand plc, Quest
Diagnostics, Inc., and others.
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Research Cosmos
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https://marketreportsweb.com/
https://acutemarketinsights.com/
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