Europe Infectious
Diseases Diagnostics Market Study Analysis:
The Europe infectious disease diagnostics market was
estimated at $ 4423 million
in 2018 and is expected to reach $ 6037
million by 2025, growing at a compound annual rate of 4% over the 2018-2025 forecast period.
The diagnosis of infectious diseases involves identifying
the presence of foreign organism using diagnostic tools, such as kits. However,
in the future, these diagnostic tests should be replaced by molecular
techniques. Diagnostics of infectious diseases involves the use of devices to
detect microorganisms present in the human body. Infectious diseases are caused
by various means, such as infected foods, water, air, surroundings, an infected
person and others.
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Diagnostics Market Research Report @ https://www.researchcosmos.com/reports/europe-infectious-diseases-diagstics-market/74666104
Europe Infectious
Diseases Diagnostics Market - Drivers, Challenges and Opportunities:
One of the main factors driving the growth of the market in
Europe is the steady rise in the prevalence of these infectious diseases over
time, which has increased the demand for better diagnostic facilities, stimulating
growth in the infectious disease diagnostic market. The government has taken a
series of initiatives to increase awareness and prevent infectious diseases,
which should spur the growth of the regional market. Different applications of
this infectious disease diagnostic market include viral infections, bacterial
infections, central nervous system infections, cardiovascular infections,
gastrointestinal infections, sexually transmitted diseases, and fungal
infections, which are found in diagnostic laboratories, contract research
organizations, academic and medical institutes, hospitals and surgical centers,
day clinics and home care.
However, factors such as the strict regulatory approval
procedure for infectious disease diagnostic devices, the emergence of molecular
techniques and unfavorable repayment scenarios hinder market growth. The
increasing government initiatives are expected to increase market opportunities
in the coming years. Many government-funded programs around the region are
offering more free exams to raise awareness, accurately diagnose diseases and
reduce the risk of infection. It is expected that such support will increase
market opportunities in the coming years.
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Geographic Analysis:
Europe is expected to be the second fastest growing region
over the forecast period due to significant investments and technological
advance in infectious disease diagnostics over the forecast period due to the
presence of a large number of patients in this sector, advanced health
infrastructure and several government initiatives.
Key market players:
SBecton, Dickinson and Company, Cepheid, Inc. Abbott
Laboratories, bioMérieux SA, Hologic, Inc., Danaher Corporation, Thermo Fisher
Scientific Inc., Roche Diagnostics, Alere, Inc., DiaSorin SpA, Quidel
Corporation and Bio-Rad Laboratories, Inc are among the leading players in the European
infectious disease diagnostic market.
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