The Tuberculosis Diagnostics by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Tuberculosis Diagnostics, The tuberculosis diagnostics market size has grown strongly in recent years. It will grow from $2.11 billion in 2023 to $2.27 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to rise in the incidence of tuberculosis, increased healthcare expenditure, growth in the number of healthcare facilities and the rise in the adoption of nucleic acid testing.
The tuberculosis diagnostics market size is expected to see strong growth in the next few years. It will grow to $3.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to strong government support, the increasing fda approvals for tuberculosis diagnostics, the increasing research and development (r&d) activities and the emergence of drug-resistant tb. Major trends in the forecast period include focus on next generation sequencing (ngs) platform for tb diagnostics, product innovations, t cell tests for tb infection, artificial intelligence (ai)-based tuberculosis diagnostics, use of portable devices and collaborations between governments and manufacturers.
The rise in the incidence of tuberculosis is driving the demand for the tuberculosis diagnostics market going forward. Tuberculosis is an infectious disease that affects the lungs and can be severe. Tuberculosis is spread through coughing and sneezing, releasing tiny germs into the air. Tuberculosis diagnostics aid in patient detection, with earlier diagnosis and detection of diseases. For instance, in March 2022, in the weekly report of the Centers for Disease Control and Prevention, a US-based national public health agency, tuberculosis infections in the United States increased by 9.4% in 2021, with a total of 7,860 TB cases were reported in 2021, an increase from 7,173 cases in 2020. Therefore, the rise in the incidence of tuberculosis is driving the growth of the tuberculosis diagnostics market.
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The tuberculosis diagnostics market covered in this report is segmented –
1) By Test Type: Radiographic Tests, Nucleic Acid Testing, Cytokine Detection Tests, Drug Resistance Tests, Skin Test / Mantoux Test (TST), Blood/Serology Test, Smear Microscopy Tests, Cell Culture-Based Tests, Other Test Types
2) By Disease Stage: Latent Tuberculosis, Active Tuberculosis
3) By End-User: Hospitals And Diagnostic Laboratories, Physician’s Office Laboratories, Reference Laboratories, Academics And Research Facilities
Technological innovations are the key trend gaining popularity in the tuberculosis diagnostics market. Major companies operating in the market are introducing new technologies, such as advanced point-of-care (POC) diagnostic methods that work on AI technology to sustain their position in the market. For instance, in August 2022, Fujifilm, a Japan-based company engaged in the manufacturing of medical imaging devices, partnered with Qure.ai, a US-based company engaged in the development of AI-enabled medical imaging solutions, and launched an advanced point-of-care (POC) diagnostic method. A battery-powered X-ray machine is used in this method for tuberculosis diagnosis. With the help of artificial intelligence, algorithms help in effective testing programs, offering ultra-portability, high accuracy, and efficient point-of-care diagnostic solutions.
The tuberculosis diagnostics market report table of contents includes:
1. Executive Summary
2. Tuberculosis Diagnostics Market Characteristics
3. Tuberculosis Diagnostics Market Trends And Strategies
4. Tuberculosis Diagnostics Market – Macro Economic Scenario
5. Global Tuberculosis Diagnostics Market Size and Growth
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31. Tuberculosis Diagnostics Market Other Major And Innovative Companies
32. Global Tuberculosis Diagnostics Market Competitive Benchmarking
33. Global Tuberculosis Diagnostics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Tuberculosis Diagnostics Market
35. Tuberculosis Diagnostics Market Future Outlook and Potential Analysis
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