Future Outlook of the Global Influenza Diagnostic Market 2024-2033: Size and Growth Rate Predictions
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What is the Expected Growth Rate of the Influenza Diagnostic Global Market Report 2024 Market from 2024 to 2033?
The influenza diagnostic market has shown strong growth in recent years. It will increase from $2.59 billion in 2023 to $2.79 billion in 2024, with a CAGR of 7.6%. The growth is attributed to public health concerns, technological advancements, antiviral medications, and pandemic preparedness.
The influenza diagnostic market is expected to experience strong growth, reaching $3.68 billion by 2028 at a CAGR of 7.2%. Factors driving this growth include seasonal influenza, point-of-care testing, and remote testing. Trends include molecular diagnostics, antigen-based tests, and automation.
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What Key Factors Are Fueling the Growth of the Influenza Diagnostic Global Market Report 2024 Market?
The growth of the influenza diagnostic market is anticipated to be driven by the increasing use of rapid diagnostic tests. These tests help confirm or rule out medical conditions by detecting viral antigens in a short timeframe of 10-15 minutes, with moderate sensitivity (50-70%). For example, the CDC reported that from September 2020 to May 2021, 0.2% of respiratory samples tested in the U.S. were positive for the influenza virus. Therefore, the widespread adoption of rapid diagnostic tests is expected to significantly impact the influenza diagnostic market.
What Are the Major Segments of the Influenza Diagnostic Global Market Report 2024 Market?
1) By Traditional diagnostic tests: Rapid influenza diagnostic tests (RIDT), Viral Culture, DFA, Serological assays, Other Traditional diagnostic tests
2) By Molecular diagnostic tests: Reverse Transcription Polymerase Chain Reaction (RT-PCR), Isothermal Nucleic Acid Amplification Tests (INAAT), Loop Mediated Isothermal Based Amplification Assays, Transcription Mediated Isothermal Based Amplification Assays, Transcription Mediated Isothermal Based Amplification Assays, Other Isothermal Nucleic Acid Amplification Tests, Other Molecular Diagnostic Tests
3) By End User: Hospitals And Clinical Laboratories, Diagnostic Reference Laboratories, Academic/Research Institutes, Other End Users
What New Trends Are Transforming the Influenza Diagnostic Global Market Report 2024 Market?
Leading companies in the influenza diagnostic market are developing innovative products such as the Lucira COVID-19 & Flu Home Test for rapid simultaneous detection of flu and COVID-19. In February 2023, Pfizer Inc. received approval for the Lucira by Pfizer COVID-19 & Flu Home Test, which provides results from self-collected nasal swabs within 30 minutes, detecting both influenza A and B and SARS-CoV-2.
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Which Regions Are Driving Growth in the Influenza Diagnostic Global Market Report 2024 Market?
North America was the largest region in the influenza diagnostics market in 2023. Western Europe was the second largest region in the influenza diagnostics market. The regions covered in the influenza diagnostic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Influenza Diagnostic Global Market Report 2024 Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the influenza diagnostic global market report 2024 market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Influenza Diagnostic Global Market Report 2024 Market Include
1. Influenza Diagnostic Global Market Report 2024 Market Executive Summary
2. Influenza Diagnostic Global Market Report 2024 Market Segments
3. Influenza Diagnostic Global Market Report 2024 Market Size And Template Market Growth Rate
4. Key Influenza Diagnostic Global Market Report 2024 Market Trends
5. Major Influenza Diagnostic Global Market Report 2024 Market Drivers
……
25. Key Mergers And Acquisitions In The Influenza Diagnostic Global Market Report 2024 Market
26. Top Influenza Diagnostic Global Market Report 2024 Companies
27. Influenza Diagnostic Global Market Report 2024 Market Opportunities And Strategies
28. Influenza Diagnostic Global Market Report 2024 Market, Conclusions And Recommendations
29. Appendix
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