In recent years, the need for diagnostic tests have rapidly increased owing to the emergence of various diseases and infections. The rise in the investment for diagnostic tests is escalating the growth of the diagnostic tests market.
Global diagnostic tests market was valued at USD 162,456.67 million in 2021 and is expected to reach USD 339,892.97 million by 2029, registering a CAGR of 9.00% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Diagnostic Tests Market Definition
Diagnostic tests refer to the type of medical tests that are performed to aid in the detection or diagnosis of any disease. These tests have a crucial role in the control, surveillance and prevention of any disease. These types of tests enhance patient care, consumer safety, and reduce healthcare spending.
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Competitive Landscape and Diagnostic Tests Market Share Analysis
The diagnostic tests market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the diagnostic tests market.
Some of the major players operating in the diagnostic tests market are:
- F-Hoffmann La-Rcohe Ltd. (Switzerland)
- ABBOTT (US)
- Danaher (US)
- BD (US)
- Thermo Fisher Scientific Inc. (US)
- ACON Laboratories Inc. (US)
- Hemosure, Inc. (US)
- MicroGen Diagnostics (US)
- QIAGEN (Germany)
- Grifols, S.A (Spain)
- BODITECH MED INC. (South Korea)
- Chembio Diagnostic Systems, Inc. (US)
- Nanoentek (South Korea)
- DiaSorin S.p.A. (Italy)
- Bio-Rad Laboratories, Inc. (US)
- BIOMEDOMICS INC (US)
- EKF Diagnostics Holdings plc (UK)
- Siemens Healthcare GmbH (Germany)
- PerkinElmer Inc. (US)
- bioMérieux SA (France)
- ARKRAY USA, Inc. (US)
- Biohit Oyj (Finland)
- Germaine Laboratories, Inc. (US)
- Quidel Corporation (US)
- Illumina, Inc. (US)
- Lamdagen Corporation (US)
- LifeSign LLC. (US)
- Medixbiochemica (Finaland)
- Nova Biomedical (US)
- Ortho Clinical Diagnostics (US)
- Sannuo Biosensing Co., Ltd. (US)
- STRECK (US)
- Sysmex Corporation (Japan)
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Diagnostic Tests Market Regional Analysis/Insights
The diagnostic tests market is analysed and market size insights and trends are provided by country, type, solution, technology, mode of testing, approach, sample type, application, testing type, age, end user and distribution channel as referenced above.
The countries covered in the diagnostic tests market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the diagnostic tests market because of the rise in the geriatric population base within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the availability of cost-effective diagnostic tests related to chronic diseases in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Global Diagnostic Tests Market Report Answers the Following Questions:
- What are the key drivers of the Global Diagnostic Tests Market?
- How is the Global Diagnostic Tests Market segmented by product type?
- What is the current market size of the Global Diagnostic Tests Market?
- What is the projected growth rate of the Global Diagnostic Tests Market in the next five years?
- Who are the major players in the Global Diagnostic Tests Market and what is their market share?
- What are the major distribution channels for the Global Diagnostic Tests Market?
- What are the key trends in the Global Diagnostic Tests Market?
- How does the Global Diagnostic Tests Market differ from regional markets?
- How is the Global Diagnostic Tests Market affected by government regulations and policies?
- What are the current and future opportunities in the Global Diagnostic Tests Market?
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