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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