"Designing Growth Strategies is in our DNA"
Tuberculosis (TB) is a potentially serious bacterial infectious disease that affects lungs. It is usually caused by the bacterium Mycobacterium tuberculosis. It is generally caused by the bacteria that spread from person to person through microscopic droplets released into the air. Symptoms of active tuberculosis include coughing that lasts three or weeks; coughing up blood, chest pain, weight loss, fatigue, fever, chills, loss of appetite, etc. Tuberculosis can also affect other parts of the body, such as kidneys, spine or brain and when TB occurs outside the lungs, signs and symptoms vary according to the organs involved. The most commonly used diagnostic tool for tuberculosis is a blood test. Rising prevalence of tuberculosis, growing geriatric population, increasing research and development investments by many key players for the launch of advanced diagnostics, increasing government initiatives for creating awareness about the diagnostics in the emerging markets, and rapid adoption of diagnostic techniques are some of the factors that are expected to propel the market growth during the forecast period. For instance, in March 2019, Hain Lifescience GmbH launched FluoroType MTBDR 2.0 Liquid Array molecular assay for tuberculosis diagnostics in a liquid array format and for antibiotics resistance testing. Such technological advancements in diagnostics tools are anticipated to boost the market growth in the upcoming years.
Key Market Driver -
Rising prevalence of tuberculosis, increasing research and development investments
Key Market Restraint -
High costs associated with diagnostic tests, low coverage in the emerging markets
Increasing prevalence of tuberculosis, increasing research and development investments for better diagnostic tools, and raising awareness in the emerging markets about the tuberculosis diagnostics are the factors that are expected to drive the market during the forecast period. According to the World Health Organization (WHO), about 10 million people were diagnosed with tuberculosis, globally.
However, high costs associated with diagnostic tests, false results of the tests, and low coverage in the emerging markets are projected to hamper the market growth during the forecast period.
Some of the major companies that are present in the tuberculosis diagnostics market are Hain Lifescience GmbH, Danaher, Thermo Fisher Scientific Inc., BD, Oxford Immunotec USA, Inc., F. Hoffmann-La Roche Ltd, QIAGEN, Abbott, and other prominent players
By test type, the market can be segmented into chest X-ray, culture-based tests, mantoux tests, nucleic acid testing, serological test, smear microscopy, and others. By end users, the market can be segmented into hospitals, specialty clinics, diagnostic centers, and others.
Geographically, the tuberculosis diagnostics market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Geographically, the global tuberculosis diagnostics can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to hold a dominating share of the global tuberculosis diagnostics market during the forecast period, majorly due to the rising prevalence of tuberculosis. According to the Global TB Report 2017, the estimated incidence of TB in India was about 2.8 million, accounting for about a quarter of the world’s TB cases. Combined to this, rising adoption of diagnostic tools, and growing awareness about the TB diagnostics are other factors which are likely to boost the market growth.
To gain extensive insights into the market, Request for Customization
In North America, increasing research and development investment for better TB diagnostics is expected to drive the growth of tuberculosis diagnostics in the near future. In Europe, the rising prevalence of tuberculosis is likely to propel the market growth during the forecast period. In Latin America and the Middle East & Africa, the increasing focus on new product launches in tuberculosis diagnostics by key market players is anticipated to surge the market growth during the forecast period.
By Test Type
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry