Industry Background:
A rapid influenza diagnostic test helps to determine whether a person has a current influenza infection by detecting the influenza viral nucleoprotein antigen. Some of the major advantages of rapid influenza diagnostic tests are RIDTs are approved for office or bedside use, produce a quick result in 15 minutes or less, simple to perform, among others. There are various factors which influence the accuracy of RIDTs such as clinical signs and symptoms consistent with influenza, the prevalence of influenza activity in the population tested, the accuracy of the test compared to a reference test, among others.
According to AMA, the market for Rapid Influenza Diagnostic Test is expected to register a CAGR of 9.1% during the forecast period to 2026. This growth is primarily driven by Growing Usage of RFID in Various Application, High Invested Research as well as Development Regarding Rapid Influenza Diagnostic Tests and Increasing Number of Influenza Patients across the world.
Globally, a noticeable market trend is evident Technology Advancement in Rapid Influenza Diagnostic Test. The Biotechnology sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Thermo Fisher Scientific (United States), F. Hoffmann-La Roche AG (Switzerland), Abbott Laboratories (United States), Quidel Corporation (United States), Becton, Dickinson and Company (United States), DiaSorin (Italy), SA Scientific Ltd. (United States), Meridian Bioscience, Inc. (United States), Analytik Jena AG (Germany) and Luminex Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In June 2019, the Becton, Dickinson, and Company have started a new partnership with the United States Government through the United States Agency for International Development. In addition, it supports Indonesia in removing tuberculosis. Hence, this partnership would strengthen its position in the rapid influenza diagnostic test.
Market Drivers
- Growing Usage of RFID in Various Application
- High Invested Research as well as Development Regarding Rapid Influenza Diagnostic Tests
- Increasing Number of Influenza Patients across the world
Market Trend
- Technology Advancement in Rapid Influenza Diagnostic Test
Restraints
- Issue related to Sensitivity of RIDTs to Detect Influenza B viral Antigens is lower than Detection of Influenza a Viral Antigens
Opportunities
Growing Demand from Emerging Market such as China, India, Brazil, among others
Challenges
Problem-related to Sub-Optimal Test Sensitivity and False Negative Results are Common
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Rapid Influenza Diagnostic Test Study Sheds Light on
The Rapid Influenza Diagnostic Test Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Rapid Influenza Diagnostic Test industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Rapid Influenza Diagnostic Test industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.