IVD Infectious Diseases Market Size Worth $31.45 Billion by 2026: Grand View Research, Inc.

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16 May, 2019, 10:35 GMT

SAN FRANCISCO, May 16, 2019 /PRNewswire/ -- The global in-vitro diagnostics infectious diseases market size is likely to reach USD 31.45 billion by 2026, according to a new report by Grand View Research, Inc., experiencing a CAGR of 6.7% during the forecast period. Increasing geriatric population and rising consumer awareness regarding the merits of IVD tests are expected to drive the IVD infectious diseases market.

Key suggestions from the report:

Introduction of technologies such as qPCR and ELISA has enhanced usage rates of IVD products for infectious disease testing
High unmet consumer needs, supported by rising disposable income and awareness levels in emerging markets, is a key growth stimulant
Immunochemistry assays, such as ELISA and chemiluminescence immunoassays, are projected to be widely used over the forecast period
Molecular diagnostics is poised to witness strong growth, driven by wide adoption and improved accuracy levels
Key players in the market include Becton Dickinson; bioMerieux; Abbott Laboratories; Quidel Corporation; Alere Inc.; Orasure Technologies, Inc.; Hologic Inc.; Cepheid; Qiagen N.V.; Roche Diagnostics; Siemens Healthcare; and Bio-Rad Laboratories, Inc.

Read 78 page research report with TOC on "IVD Infectious Diseases Market Size, Share & Trends Analysis Report By Test Location, By Product, By Application, By Technology (Immunochemistry, Molecular Diagnostics), And Segment Forecast, 2019 - 2026" at: https://www.grandviewresearch.com/industry-analysis/ivd-infectious-disease-market

Growing prevalence of target diseases, health awareness, and high demand for self-care medical devices are estimated to accentuate market growth over the forecast period. Moreover, introduction of technologically advanced products with improved sensitivity, speed, and user-friendliness are anticipated to increase the adoption of in-vitro diagnostics for infectious diseases in the next few years.

Key IVD techniques include immunochemistry assays, such as Enzyme-linked Immunosorbent Assay (ELISA) and Immuno-agglutination. These are widely used in clinical laboratories and diagnostic centers for detecting infectious microorganisms such as bacteria and virus in patient samples.

North America dominated the market, supported by presence of sophisticated healthcare infrastructure, government initiatives pertaining to research & development activities, and high awareness levels of patients and practitioners. The Asia Pacific IVD infectious diseases market is projected to witness the fastest growth over the forecast period.

Grand View Research has segmented the global IVD infectious diseases market based on product, technology, application, end use, and region:

Product Outlook (Revenue, USD Million, 2014 - 2026)

Instruments
Reagents
Software

Technology Outlook (Revenue, USD Million, 2014 - 2026)

Immunochemistry
Molecular Diagnostics
Microbiology
Others

Application Outlook (Revenue, USD Million, 2014 - 2026)

MRSA
Streptococcus
Clostridium difficile
VRE
CRE
Respiratory Virus
Candida
TB and Drug-resistant TB
Gastro-intestinal Panel Testing
Chlamydia
Gonorrhea
HPV
HIV
Hepatitis C
Hepatitis B
Others

End-use Outlook (Revenue, USD Million, 2014 - 2026)

Point of Care
Central Laboratories

Regional Outlook (Revenue, USD Million, 2014 - 2026)

North America

U.S.
Canada

Europe

U.K.
Germany
Spain
France
Italy

Asia Pacific

Japan
China
India
South Korea
Australia

Latin America

Brazil
Mexico
Argentina

Middle East & Africa

South Africa
Saudi Arabia
U.A.E.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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