Global Bacterial Disease Diagnostics Market 2019-2023 | 6% CAGR Projection over the Next Five Years | Technavio

LONDON–(BUSINESS WIRE)–#Biotechnology–The global bacterial disease diagnostics market is expected to post a
CAGR of close to 6% during the period 2019-2023, according to the latest
market research report by Technavio.

A key factor driving the growth of the global bacterial disease
diagnostics market size is the integration of digital health in rapid
diagnostics for bacterial disease. The healthcare information technology
(IT) segment has been very promising in the area of microbiology, as it
has helped to understand various resistant bacterial strains. Digital
health is increasingly being used in bacterial disease diagnostics to
enhance accuracy levels, convenience, and affordability of various types
of rapid diagnostics tests. The development of new diagnostics
incorporated with digital technologies is helping healthcare
professionals identify bacterial strains and provide better target
appropriate treatment. Vendors are focusing on developing mobile
applications that support portable rapid diagnostic systems to enable
improved accuracy of tests. All these developments are expected to boost
market growth over the forecast period.

As per Technavio, the high sensitivity and accuracy of chemiluminescence
immunoassays will have a positive impact on the market and contribute to
its growth significantly over the forecast period. This global
bacterial disease diagnostics market 2019-2023
research report also analyzes other significant trends and
market drivers that will affect market growth over 2019-2023.

Global bacterial disease diagnostics market:
High sensitivity and accuracy of chemiluminescence immunoassays

Enzyme immunoassay (EIA) that involves ELISA has been widely used across
clinical laboratories, diagnostic centers, and hospitals for the
diagnosis of various diseases. However, with diseases getting more
complex, the need to detect smaller bacterial molecules has resulted in
the emergence of the rapid automated analyzer, chemiluminescence
immunoassay (CLIA). Chemiluminescence is proven to be a highly
advantageous and cost-saving method for hospitals. Some of the
advantages of CLIA over ELISA include increased sensitivity, reduced
reagent consumption, improved precision, applicability to low abundance
targets, reduced assay times, and increased throughput. Hence, the use
of CLIA is rising, which is expected to positively impact the global
bacterial disease diagnostics market growth during the forecast period.

“Apart from the high sensitivity and accuracy of chemiluminescence
immunoassays, other factors such as the growing demand for portable
analytical instruments, and increasing initiatives towards rapid
diagnosis of infectious diseases will have a significant impact on the
growth of the bacterial disease diagnostics market size during the
forecast period,” says a senior analyst at Technavio.

Global bacterial disease diagnostics market:
Segmentation analysis

This market research report segments the global bacterial disease
diagnostics market by product (instruments, and consumables), and
geographic regions (North America, Europe, Asia, and ROW).

The North American region led the bacterial disease diagnostics market
in 2018, followed by Europe, Asia, and ROW, respectively. The growth of
the bacterial disease diagnostics market in North America can be
attributed to the increasing prevalence of bacterial diseases such as
TB, meningitis, pneumonia, and the development of new antibacterial
drugs. Also, increased funding for the development of new therapies for
the treatment of infectious diseases has contributed to the market
dominance of this region.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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