Influenza Diagnostics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
- Transparency Market Research
Influenza, commonly known as flu, is an infectious disease caused by the influenza virus. Three varieties of this virus affect people: type A, type B, and type C. Influenza spreads through infectious respiratory secretions caused by aerosol formation due to direct contact with an infected person. This virus can cause seasonal epidemics with high levels of morbidity and mortality. According to WHO, these epidemics were estimated to result in about 3 to 5 million annual cases of severe illness, and about 250,000 to 500,000 annual deaths worldwide. In 2009, a pandemic of influenza A, which spread quickly to many countries, gained the attention of scientists to focus on better diagnosis of the virus.
Initiatives by government bodies such as WHO and CDC to control and prevent influenza are a factor driving the influenza diagnostics market. Furthermore, the growing amount of research and development, technological advancements in diagnostic tests, and rising demand for influenza diagnosis are likely to propel this market during the forecast period. However the increasing prices of kits and reagents may pose a hindrance.
The influenza diagnostics market has been segmented by test type, end-users, and geography. In terms of test type, the divisions include rapid influenza diagnostic tests (RIDT), RT-PCR, cell culture, and others, including serology and immunofluorescence tests. The market share of RIDT has increased considerably due to its ability to provide quick results and recent approvals by the FDA. Based on end-users, the market is split into the following categories: hospitals, research centers, diagnostic laboratories, and point of care testing centers. Currently, hospitals hold a major share in the influenza diagnostics market due to regular epidemics, their easy accessibility, and a generally higher preference for this establishment; however, point of care testing is also likely to develop at a significant rate during the forecast period owing to the ease of usage that the medium offers.
Geographically, the influenza diagnostics market is distributed over North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America constituted a substantial share in the market due to factors such as initiatives by government bodies to control the disease rates, technological advancements, health awareness among population, and research. The market in Asia Pacific is projected to expand rapidly due to its higher disease burden, higher rate of population, and rising initiatives to control the disease rate. For example, the CDC funds non research-related bilateral influenza cooperative agreements in South-East Asia aimed at routine diagnosis of seasonal flu and pandemic influenza.
Some of the key players in the influenza diagnostics market include Becton Dickinson and Company, Roche Diagnostics, Alere Scarborough, Inc, Princeton BioMedtech corp, Sekisui Diagnostics, SA Scientific, Inc, Quidel Corporation, Meridian Bioscience, Inc, and Thermo Fisher Scientific. These companies focus on introduction of cost-effective products with the ability to deliver quick results. For example, the ‘Alere i’ test to diagnose types A and B of influenza within 15 minutes was cleared for marketing by the FDA in June 2014.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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