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Infectious diseases refer to the diseases caused by various organisms such as bacteria, virus, parasites, and fungi and can be passed from individual to individual or even from animal to individuals such as rabies. Early and accurate detection of infectious diseases is of utmost importance as it spread from one person to another. Molecular diagnostics serve as an effective tool for the detection of HIV, HPV, and other infectious diseases.
There is active support from the government to tackle the rising prevalence and economic burden of infectious diseases. Also, strategic collaboration and the launch of new molecular diagnostic platforms or instruments have surged the market. Awareness and shift towards personalized medicines and preventive care are expected to further enhance the demand for infectious disease diagnostic techniques.
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The global infectious disease molecular diagnostics market is anticipated to grow owing to the increasing prevalence of infectious diseases, rising awareness regarding prevention and early diagnosis of sexually transmitted diseases, and active government support. The World Health Organization (WHO) estimated that there were approximately 36.9 million individuals diagnosed with HIV at the end of 2017, with a new 1.8 million people diagnosed in 2017 globally. These trends, combined with the other factors, are expected to drive the growth in the infectious disease molecular diagnostics market growth during the forecast duration.
However, lack of skilled labor in developing countries, high installation and infrastructure cost can hinder the growth in the global infectious disease molecular diagnostics market.
Some of the major companies that are present in the global infectious disease molecular diagnostics market are Abbott, Becton, Dickinson and Company, QIAGEN, Cepheid, bioMérieux SA, Hologic Inc., Myriad Genetics and Thermo Fisher Scientific.
· Mass Spectroscopy
· Capillary Electrophoresis
· Next Generation Sequencing (NGS)
· Chips & Microarrays
· In-Situ Hybridization (ISH)
By Disease Indication
· Human Immunodeficiency Virus (HIV) Infection
· Human Papillomavirus (HPV) Infection
By End User
· Hospitals & Clinics
· Diagnostic Centres
· Research Institutes
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Among the segmentation, Next Generation Sequencing (NGS) segment is projected to hold a considerable share of the global infectious disease molecular diagnostics market in the forecast period due to increased preference for next-generation sequencing technology, new product launch, increased research and cost-effectiveness.
North America is estimated to dominate the global infectious disease molecular diagnostics market over the forecast period due to the increasing prevalence of infectious diseases such as HIV and respiratory diseases, established healthcare system, and increased R&D investment. Asia Pacific is projected to report significant growth in the global infectious disease molecular diagnostics market due to active government support, improving access to the advanced diagnostic facility and rapid adoption of preventive care.
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