The parasitology identification market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.5% in the forecast period of 2021 to 2028 and is expected to reach USD 1,054.79 million by 2028. Increasing prevalence of parasitic and infectious diseases in both developed and developing countries caused a rise in parasitology Identification which is a key driver for the parasitology identification market.
Parasitic diagnosis classically requires isolation of parasites with culture, parasite expansion and its subsequent sequence testing. Wide spread infection caused by different pathogen types classified as protozoan, helminths and ectoparasites rise a major concern about requirement of advanced tools for parasitic strain identification. Since years many traditional identification methods have been employed for parasitic strain identification, also new advanced methods which are more accurate and sensitive have been deployed in diagnostic laboratories.
Initiatives adopted by these organizations have enhanced the awareness level among patient population that helps them to understand the need of innovative diagnostic tools, thus signifying that rising government initiatives is acting as a driver for the parasitology identification market growth. As the cost of parasite identification kits are too high, it restricts physicians and patients to accommodate high quality and effective solutions, thus the high cost of instruments acts as a restraint for the parasitology identification market growth. As the number of tests is increasing worldwide across several regions, the demand of diagnostic kits is also increasing, thus the increasing demand allows manufacturers to enhance the rapidity of diagnostic kits manufacturing process which is acting as an opportunity for the parasitology identification market growth. As people are not too much aware and concerned about the prevailing parasitic infections and its diagnosis procedure and innovative kits, it restricts them to achieve effective treatment at exact time, thus signifying that lack of awareness among people for parasite infection acts as a challenge for the parasitology identification market growth.
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Competitive Landscape and Parasitology Identification Market Share Analysis
The parasitology identification 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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the parasitology identification market.
The major market players providing parasitology identification are Abbott, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, Bruker, BD, Luminex Corporation, bioMérieux SA, altona Diagnostics GmbH, Inc. Bio-Rad Laboratories, Inc., Creative Diagnostics, Liferiver Bio-Tech (United States) Corp., Luminex Corporation, Meridian Bioscience, Inc., R-Biopharm AG, Quest Diagnostics Incorporated, Tecan Trading AG, Institut Virion \ Serion GmbH, VWR International, LLC (a subsidiary of Avantor, Inc.) among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many products, programme launches and agreements are also initiated by the companies’ worldwide which are also accelerating the parasitology identification market.
Strategic Initiatives by manufactures is Creating New Opportunities for Players in the Parasitology Identification Market
The parasitology identification market also provides you with detailed market analysis for every country growth in parasitology identification product sales, impact of advancement in the parasitology identification and changes in regulatory scenarios with their support for the parasitology identification market. The data is available for historic periods 2010 to 2019.
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Parasitology Identification Market Scope and Market Size
The parasitology identification market is categorized into six notable segments which are based on the products, methods, pathogen type, sample, stool concentration and sample preparation and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of products, the parasitology identification market is segmented into consumables accessories and devices. In 2021, the consumables accessories segment is dominating the market due to high usage of reagents kits in the identification of parasitic disease.
- On the basis of methods, the parasitology identification market is segmented into fecal identification, immunological techniques, morphological identification, molecular techniques, rapid diagnostic tests (RDTS), Maldi-TOF MS and others. In 2021, fecal identification segment is dominating the market as it is a cost effective, most widely used method with high specificity.
- On the basis of pathogen type, the parasitology identification market is segmented into protozoan, helminths and ectoparasites. In 2021, the protozoan segment is dominating the market because protozoan is the most common parasite which is responsible for many parasitic infections.
- On the basis of sample, the parasitology identification market is segmented into feces, blood urine, serum plasma and others. In 2021, feces segment dominates the market because fecal identification method is most commonly used for the parasitology identification and feces analyses also include microscopic examination, chemical, immunologic and microbiologic tests. Feces test also prevent unnecessary laboratory investigation.
- On the basis of stool concentration and sample preparation, the parasitology identification market is segmented into concentration technique and unconcentration technique. In 2021, concentration technique segment dominates as they have more varying range of techniques as compared to unconcentration technique when it comes to identifying the parasitic strain for parasitology identification market.
- On the basis of end user, the parasitology identification market is segmented into diagnostic centers, hospitals, clinics and others. In 2021, diagnostic centers segment dominates as the segment is focused on parasitology identification and has good network distribution which increases the pace of parasitology identification.
Parasitology Identification Market Country Level Analysis
The parasitology identification market is analysed and market size information is provided by the country, products, methods, pathogen type, sample, stool concentration and sample preparation and end user as referenced above.
The countries covered in the parasitology identification market report are Japan, China, South Korea, Australia, India, Singapore, Thailand, Malaysia, Indonesia, and Philippines Rest of Asia-Pacific.
Asia-Pacific is expected to grow as in the African countries demand for parasitology identification products is increasing very rapidly. China is expected to dominate in the market as China is one of the leading countries to inculcate the parasitology identification market.
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 such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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