In a recent published report, Kenneth Research has updated the market report for Influenza Diagnostics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Influenza Diagnostics Market products.
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The global Influenza Diagnostics Market was valued at USD 508.87 million in 2016 and is projected to reach USD 1063.61million by 2025, growing at a CAGR of 8.56% from 2017 to 2025.
With increasing prevalence of infectious diseases and initiatives towards treatment and efficient diagnosis of Influenza, the demand of diagnostic services has increased all over the globe. The market is thus expected to grow during the forecast period.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing Prevalence of Influenza
1.2 Growth in Research Funding for Influenza Diagnostics
1.3 Rising Demand for Faster Diagnosis and Control of Influenza
2. Market Restraints
2.1 Variability in Sensitivity and Specificity Among Influenza Diagnostic Tests
2.2 Stringent Regulatory Framework
2.3 Rising Healthcare Costs Limiting the Usage of Novel Influenza Diagnostic Techniques
Market Segmentation:
1. Global Influenza DiagnosticsMarket, by End User:
1.1 Hospitals/Clinical Laboratories
1.2 Reference Laboratories
1.3 Other End Users
2. Global Influenza DiagnosticsMarket, by Test Type:
2.1 Traditional diagnostic tests
2.1.1 Rapid Influenza Detection Tests (RIDT)
2.1.2 Viral Culture
2.1.3 Direct Fluorescent Antibody (DFA) Tests
2.1.4 Serological Assays
2.2 Molecular Diagnostic tests
2.2.1 RT-PCR
2.2.2 Nucleic Acid Sequence-Based Amplification (NASBA) Tests
2.2.3 Loop-Mediated Isothermal Amplification-Based Assays (LAMP)
2.2.4 Simple Amplification-Based Assays (SAMBA)
2.2.5 Other Molecular Diagnostic Tests
3. Global Influenza Diagnostics Market, by Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. F. Hoffmann-La Roche AG
2. Becton, Dickinson and Company
3. Thermo Fisher Scientific Inc.
4. Alere Inc.
5. Diasorin S.P.A.
6. Quidel Corporation
7. Meridian Bioscience, Inc.
8. Analytik Jena AG (A Subsidiary of Endress+Hauser AG)
9. Luminex Corporation
10. SA Scientific, Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Influenza DiagnosticsMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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