Global Influenza Diagnostics Market: By Type: Traditional Diagnostic Test, Molecular Diagnostic Assay; By End Use: Hospital, Research Laboratory, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Porter’s Five Forces Analysis; EMR’s Key Indicators for Demand; EMR’s Key Indicators for Price; Key Players & Company Profiles; Events and Developments

Global Influenza Diagnostics Market Key Insights:

Market Outlook

The global influenza diagnostics market attained a value of USD 657 million in 2019. The influenza diagnostics market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 9% to reach USD 1103.3 million by 2025. The influenza diagnostics market is being driven by the accelerating prevalence of influenza, the rise in research funding for influenza diagnostics, and the increasing demand for faster diagnosis and management of influenza.

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Properties and Applications

Influenza diagnostics help determine if a person is suffering from influenza by detecting the influenza viral nucleoprotein antigen. These are commercially available and help provide results in as less as 30 minutes span, exhibiting colour change or other visual signals.

The global influenza diagnostics market is segmented into types and end-uses.

The industry can be broadly categorised based on its types as:

• Traditional Diagnostic Test
• Molecular Diagnostic Assay

The traditional diagnostic test is further divided into rapid influenza diagnostic test (RIDT), viral culture, direct fluorescent antibody (DFA) test, and serological assay. The molecular diagnostic assay is subdivided into reverse transcription polymerase chain reaction (RT-PCR), nucleic acid sequence-based amplification (NASBA) test, loop-mediated isothermal amplification-based assay (LAMP), simple amplification-based assay (SAMBA), and other molecular diagnostic assays.

The industry can be divided based on its end-use into:

• Hospital
• Research Laboratory
• Others

The EMR report looks into the regional influenza diagnostics markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Market Analysis

The influenza diagnostics market is being driven by the rising prevalence of influenza over the forecast period. The growing awareness among the population about the early diagnosis and effective treatment of influenza is aiding the market growth. It is also recommended for all patients with suspected influenza, thus, further enhancing the influenza diagnostics industry. The influenza diagnostics market is positively influenced by the rising funding for influenza diagnosis, research, and treatment. The disease can further degrade the health and develop complications in an individual, like pneumonia, bronchitis, asthma flare-ups, heart problems, and an ear infection, among others, creating an immediate need for influenza diagnostic and treatments, further propelling the influenza diagnostics market forward.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global influenza diagnostics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Abbott [NYSE: ABT]
• Becton, Dickinson and Company 
• Coris BioConcept
• DiaSorin SpA
• F. Hoffmann-La Roche Ltd. 
• Luminex Corporation 
• Meridian Bioscience Inc. 
• Quidel Corporation 
• Sekisui Diagnostics
• Thermo Fisher Scientific Inc.
• Others

The EMR report gives an in-depth insight into the influenza diagnostics market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Questions Answered in the Market Report:

• How has the global influenza diagnostics market performed in the previous years (2015-2019)?
• What is the forecast assessment of the industry for 2020-2025?
• What are the major drivers in the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major constraints in the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major demand indicators of the global influenza diagnostics market?
• Who are the key manufacturers of traditional diagnostic test and molecular diagnostic assay in the global market?
• What is the degree of competition in the global influenza diagnostics market?
• What are the major events and developments taking place within the global industry?

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