Influenza Diagnostic Tests Market to Witness Significant Revenue Growth Through 2025
Category: #healthcare  By Ronak Bora  Date: 2021-03-31
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Influenza Diagnostic Tests Market to Witness Significant Revenue Growth Through 2025

U.S. influenza diagnostic tests market is predicted to grow significantly at 6.3% CAGR in the upcoming years. Factors like strong healthcare infrastructure, presence of skilled healthcare professionals, technological advancement, and high prevalence of influenza are driving the regional industry expansion. Surging government initiatives to develop and introduce innovative technologies to enhance existing influenza diagnostic methodologies is positively influencing future industry trends in the region.

The growing prevalence of viral infections causing epidemics like the COVID-19 is primarily augmenting demand for influenza diagnostic tests. Influenza, or the flu, is a viral infection that causes a range of symptoms or diseases such as running nose, fever, sore throat, headache, coughing, muscle, and joint pain. Severe influenza infection can become deadly if left untreated.

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According to Centers for Disease Control and Prevention (CDC), influenza kills about 12,000 to 79,000 people of the US population per year. Owing to the increasing prevalence of influenza in the region, the U.S market was valued at USD 287.0 million in 2018. Furthermore, the presence of well-established healthcare industry consisting skilled medical professionals coupled with government initiatives to produce advanced technologies for delivering efficient results for influenza testing will continue escalating the influenza diagnostic tests market growth.

Rapid influenza diagnostic test (RIDT) segment is predicted to grow considerably in the forthcoming years. RIDTs are antigen detection assays that are highly accurate and specific that helps in detecting influenza in nearly 15 minutes. High accuracy of these tests makes it capable of identifying the presence of different influenza antigens and displays the results qualitatively. Growing health concerns amid the coronavirus outbreak have created tremendous demand for rapid influenza diagnostic tests.

Influenza A is more prevalent and serious as compared to other variants including influenza B and C. Being a communicable disease, the epidemic of influenza A gets rapidly spread by a potent virus mostly known as avian flu or bird flu. Hence the Increasing incidence of influenza A is anticipated to augment the global market growth. In 2018, influenza diagnostic tests market size for Type A was valued at USD 779.4 million.

The traditional diagnostic tests are more popular than other types as they utilize the respiratory samples to for faster detection of influenza A and B antigens. The Rapid Influenza Diagnostic Test (RIDT) segment will witness considerable gains on account of the minimal time taken to yield the diagnostics result. RIDT is very popular as it discloses the results in a relevant time slot of less than 15 minutes, which is expected to augment the market share. Influenza diagnostic tests including the overall traditional diagnostic methods is projected to grow at the rate 7.1% over the forecast period.

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Partial Chapter of the Table of Content

Chapter 4.     Influenza Diagnostic Tests Market, By Influenza Type

4.1. Global influenza diagnostic tests market share, by influenza type, 2018 & 2025

4.2. Type A Flu

4.2.1.  Market size, by region, 2014 – 2025 (USD Million)

4.3. Type B Flu

4.3.1.  Market size, by region, 2014 – 2025 (USD Million)

Chapter 5.     Influenza Diagnostic Tests Market, By Test Type

5.1. Global influenza diagnostic tests market share, by test type, 2018 & 2025

5.2. Traditional diagnostic test

5.2.1.  Market size, by region, 2014 – 2025 (USD Million)

5.2.2.  Rapid Influenza Diagnostic Test (RIDT)

5.2.2.1.    Market size, by region, 2014 – 2025 (USD Million)

5.2.3.  Direct Fluorescent Antibody Test (DFAT)

5.2.3.1.    Market size, by region, 2014 – 2025 (USD Million)

5.2.4.  Viral culture

5.2.4.1.    Market size, by region, 2014 – 2025 (USD Million)

5.2.5.  Serological assay

5.2.5.1.    Market size, by region, 2014 – 2025 (USD Million)

5.3. Molecular diagnostic assay

5.3.1.  Market size, by region, 2014 – 2025 (USD Million)

5.3.2.  RT-PCR

5.3.2.1.    Market size, by region, 2014 – 2025 (USD Million)

5.3.3.  Loop-mediated Isothermal Amplification-based Assay (LAMP)

5.3.3.1.    Market size, by region, 2014 – 2025 (USD Million)

5.3.4.  Nucleic Acid Sequence-based Amplification Test (NASBAT)

5.3.4.1.    Market size, by region, 2014 – 2025 (USD Million)

5.3.5.  Simple Amplification-based Assay (SAMBA)

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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