As per a new report published by Fact.MR – a market research and competitive intelligence provider, the global influenza diagnostics market is anticipated to top US$ 4 Bn by 2031, and is expected to progress at a CAGR of 5% over the next ten years.
Influenza, also known as flu, is an infectious disease caused due to the influenza virus. It affects the upper respiratory tract in humans. Influenza is common in children and the elderly population (aged 65 years and above). Three types of the influenza virus are type A, type B, and type C.
Request a report sample to gain comprehensive insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=6682
Increasing prevalence of influenza, emergence of technologically advanced influenza diagnostics, and growth in research funding for influenza diagnostics are expected to drive the market over the predicted years.
Demand for RIDT (rapid influenza diagnostic testing) is predicted to be significant over the coming years due to rising adoption of cost-effective and faster RIDT as a first line of diagnosis.
Key Takeaways from Market Study
- The market for influenza diagnostics to grow 1.6X in value by 2031-end.
- North America accounts for 37% global revenue share for influenza diagnostics.
- Increasing prevalence of influenza and growing awareness for early detection using specific diagnostic tests are driving demand for influenza diagnostics.
- Among the types of tests, rapid diagnostics influenza testing holds the largest revenue share.
- Demand for RT-PCR tests is expected to expand at a CAGR of 5% over the assessment period.
“Increasing technological advancements in influenza diagnostics and growing awareness towards the benefits of early-stage detection of influenza will nudge the sales of influenza diagnostic products over the coming years,” says a Fact.MR analyst.
The market for influenza diagnostics projects a highly competitive scenario. Major players are focusing on new and advanced product launches that are user friendly and easily available over the counter.
Major players are also adopting various growth strategies such as mergers & acquisitions, product expansions, agreements, partnerships, and others to strengthen their position in this market.
Request More Information about Report Methodology https://www.factmr.com/connectus/sample?flag=RM&rep_id=6682
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the influenza diagnostics market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.
The study reveals essential insights on the basis of test (traditional diagnostic tests and molecular diagnostic tests) and end user (hospitals & clinical laboratories, diagnostic reference laboratories, and academic/research institutes), across major regions of the world (North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa).
Explore Fact.MR’s Coverage on the Healthcare Domain
Veterinary Endodontics Market: A recent study by Fact.MR on the Veterinary Endodontics market offers an unbiased analysis on the opportunities and trends through 2021 and beyond. The study analyzes crucial trends that are currently determining market growth. This report explicates on vital dynamics, such as the challenges, restraints, and opportunities for key market players along with key stakeholders and emerging players.
Therapeutic Support Surface Market: A detailed assessment of Therapeutic Support Surface Market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the market along with their product portfolios enhances the reliability of this comprehensive research study.
Computer-Assisted Orthopedic Surgery Market: Fact.MR delivers a detailed analysis on global Computer-Assisted Orthopedic Surgery Market with the strategies and competitive landscape for the upcoming period. The key players’ market share data provided by the report given you a detailed insights on the shortcomings and forthcomings of the market for the forecast period.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Research Insight: https://www.factmr.com/report/influenza-diagnostics-market
Press Release: https://www.factmr.com/media-release/2147/global-influenza-diagnostics-trends
Follow Us: LinkedIn | Twitter