About Influenza Diagnostics
Influenza diagnostics is critical for clinical management that enables medical professionals to quickly determine if a patient has the flu and if so. Accurate diagnose of influenza is infection control and public health actions to minimize the burden of influenza. Influenza testing detects the presence of the virus in a sample of respiratory secretions. The rapidly growing demand for point-of-care diagnostic is the major driving factor in the influenza diagnostics market growth globally. Moreover, the recent influenza outbreaks have prompted healthcare authorities to increase the capacity of influenza diagnosis globally.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.86% |
Influenza Diagnostics is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Influenza Diagnostics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alere Inc. (United States), Abbott Laboratories (United States), bioMérieux SA (France), Thermo Fisher Scientific (United States), Roche Diagnostics (Switzerland), Bio-Rad Laboratories Inc. (United States), Quidel Corporation (United States), Becton, Dickinson and Company (United States), DiaSorin (Italy), A Scientific (United States) and Luminex Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Meridian Bioscience, Inc. (United States), Princeton BioMedtech corp. (United States) and Sekisui Medical Co., Ltd. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Influenza Diagnostics market by Type (Rapid Influenza Diagnostic Tests (RIDT), Direct Fluorescent Antibody (DFA) Tests, Molecular Diagnostic Tests, Traditional Diagnostic Tests, Viral Culture and Others), Application (Hospitals & Clinics, Research Laboratories and Other) and Region.
On the basis of geography, the market of Influenza Diagnostics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Advancements in Genomic and Proteomic Technologies
Market Growth Drivers:
Increasing Prevalence of Influenza across the World, Growth in Research Funding for Influenza Diagnostics, Mostly in Developed Nations and Growing Demand for Faster Diagnosis and Control of Influenza Globally
Challenges:
Stringent Regulatory Framework and The Dearth of Skilled Personnel to Handle Advanced Influenza Diagnostic Tools in Developing Nations
Restraints:
Rising Demand for Early Diagnosis and Control of Influenza and Increasing Healthcare Costs Limiting the Usage of Novel Influenza Diagnostic Techniques
Opportunities:
The Growth in the Number of Approvals of Influenza Diagnostic Products by Regulatory Authorities
Market Leaders and their expansionary development strategies
In May 2021- Becton, Dickinson and Company (USA) has received FDA approval for the BD Veritor Plus system used to detect SARS-CoV-2, Influenza A, and Influenza B.
In Mar 2021- Abbott Laboratories, Inc. (USA) has received an Emergency Use Authorization (EUA) from the FDA for a laboratory PCR assay that detects and differentiates SARS-COV-2, Influenza A, Influenza B, and RSV in one test.
The FDA convened an advisory panel in June 2013 to discuss options to improve the regulation of the performance of RIDTs. A proposed order was published on 22 May 2014, and the final order published on 12 January 2017, reclassifying RIDTs from class I to class II medical devices, with additional requirements to comply with four new special controls.
Key Target Audience
Doctors, Physicians, Academic Institutes, Diagnostic Solution Providers, Research Institutes, Reference Laboratories, Diagnostic Suppliers, Home Health Agencies, Market Research and Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.