As per the latest market research conducted by FMI, the global respiratory pathogen testing kits market is expected to record a CAGR of 5.7% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of USD 4,083.1 million. By 2033, the valuation is expected to be worth USD 7,136.8 million.
The most prevalent illnesses that infect people are respiratory tract infections. It has been linked to less serious lower respiratory tract infections (LRTIs), such as pneumonia and bronchitis, as well as self-limiting upper respiratory tract infections (URTIs), like the common cold. Lower respiratory tract infections (LRTIs) have a considerable impact on disease burden and are a leading cause of hospitalization, morbidity, and death in kids and seniors.
The viral respiratory incidents per year in developed countries have been estimated between 5 and 10 in children under the age of six compared to 3 to 6 in those over this age, and acute respiratory infection continues to account for 35% to 45% of hospitalized patients, according to data from the National Institutes of Health. Thus, increasing the respiratory pathogen testing demand to a great extent.
Crucial Growth Factors of the Respiratory Pathogen Testing Kits Market:
Attributes | Value |
---|---|
Respiratory Pathogen Testing Kits Value (2022) | USD 3,852.9 million |
Respiratory Pathogen Testing Kits Market Expected Value (2023) | USD 4,083.1 million |
Respiratory Pathogen Testing Kits Market Forecast Value (2033) | USD 7,136.8 million |
Respiratory Pathogen Testing Kits Market Expected CAGR (2023 to 2033) | 5.7% |
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Particulars | Details |
---|---|
H1, 2021 | 5.86% |
H1, 2022 Projected | 6.06% |
H1, 2022 Outlook | 5.96% |
BPS Change - H1, 2022 (O) - H1, 2022 (P) | (-) 10 ↓ |
BPS Change - H1, 2022 (O) - H1, 2021 | (+) 10 ↑ |
According to Future Market Insights' analysis, the global respiratory pathogen testing kits market expects to increase by 10 Basis Point Share (BPS) in H1-2022 as compared to H1- 2021. Whereas in comparison to H1-2022 projected value, the market during the H1-2022 outlook period showed a dip of 10 BPS.
Given the constraints of quick testing, which can't assess widespread coinfection detection, the market for respiratory pathogen testing kits sees a fall in BPS values. Testing kits also have drawbacks, including a lengthy turnaround time, labor-intensive procedures, and low sensitivity.
However, due to the high specificity of RP panel tests for many viruses and bacteria in the respiratory tract, the market is likely to witness an upswing in terms of growth with the introduction of RP tests.
The market is subject to changes as per the regulatory norms and product adoption rates, concerning the macro and industry dynamics. The key developments in the market include the development of PCR-based diagnostic test panels to detect and differentiate common respiratory pathogens simultaneously.
Sales of respiratory pathogen testing kits expanded at a rapid CAGR of 9.8% from 2018 to 2022.
A respiratory pathogen testing kit can be used to detect respiratory infections by analyzing blood, fluids, or samples from the affected area of the body.
Respiratory pathogen testing kits can identify the most common illnesses' genetic material (RNA/DNA). It can recognize a variety of pathogenic bacteria and discover germs that conventional techniques, like blood cultures, can lack. Several test kits can identify specific strains or subgroups of microorganisms.
Uncontrolled ingestion of different gases, such as sulfur dioxide and carbon monoxide, can obstruct the respiratory tract. Many bacterial, fungal, and viral illnesses of the respiratory system can be identified with respiratory pathogen testing kits.
Lateral flow tests, also referred to as immunochromatographic assays, reverse transcription-polymerase chain reaction (RT-PCR) tests, direct fluorescent antibody (DFA) tests, solid-phase assays, agglutination assays, and flow-through assays are among the various types of respiratory pathogen testing.
Chronic Obstructive Pulmonary Disease (COPD) is a lung disease that causes a decline in airflow over time. As per the WHO, low and middle-income nations account for 90% of COPD deaths.
Over 251 million instances of chronic obstructive pulmonary disease were reported globally, according to the Global Burden of Disease survey. In the upcoming years, it is anticipated to increase as the global population ages and people's lifestyles change. The market for respiratory pathogen testing kits is growing as early detection and treatment become more important.
The respiratory pathogen testing kits market is predicted to record a significant CAGR of 5.7% from 2023 to 2033 and is expected to reach a valuation of USD 7,136.8 million by 2033.
Increased Research and Development Funding Improve Respiratory Pathogen Testing Systems Sales
Market Growth is Boosted by Increased Funding for Respiratory Diagnostics
Rising Incidence of Chronic Diseases is Likely to Increase the Usage of Respiratory Pathogen Testing Equipment
Need for Advanced Diagnostic Testing Methods Fuelling Demand for Respiratory Pathogen Testing Kits
Strict Laws for the Mining Sector Increase the Usage of Respiratory Pathogen Testing Kits
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High Product Costs and a Lack of Consumer Awareness are Expected to Restrain the Market's Growth for Respiratory Pathogen Testing Kits.
The United States market is projected to be the lucrative market for respiratory pathogen testing kits. The market is anticipated to record a CAGR of 6.6% and is anticipated to continue on this path in the years to come. A sedentary lifestyle, along with COVID-19 and other existing viral, bacterial, and fungal diseases, is driving the market in this region.
In response to the increased cases of COVID-19, the respiratory pathogen testing kit market in the Asia Pacific is gaining momentum. Air pollution is another market-stimulating factor. More than 20 of the most polluting nations in the world are located in the Asia Pacific, according to IQAir. Sales of respiratory pathogen testing kits are rising as a result of the congestion of the respiratory tract brought on by uncontrolled ingestion of carbon monoxide and sulfur dioxide.
The top genomics company in the world, BGI Group, has partnered with China's military on projects ranging from mass testing for respiratory viruses to brain science, according to a Reuters review of research, patent filings, and other publications.
According to an analysis of more than 40 publicly available documents and research articles in Chinese and English, BGI has connections to the People's Liberation Army (PLA), including research with China's top military supercomputing professionals. China was the location where the COVID-19 pandemic started, and it swiftly spread throughout the world. Since that time, the diagnostic industry has expanded rapidly.
Countries | United States |
---|---|
CAGR (2018 to 2022) | 10.6% |
CAGR (2023 to 2033) | 6.6% |
Valuation (2033) | USD 2,438.4 million |
Countries | United Kingdom |
---|---|
CAGR (2018 to 2022) | 7.6% |
CAGR (2023 to 2033) | 6.0% |
Valuation (2033) | USD 379.2 million |
Countries | China |
---|---|
CAGR (2018 to 2022) | 10.1% |
CAGR (2023 to 2033) | 6.3% |
Valuation (2033) | USD 585.7 million |
Countries | Germany |
---|---|
CAGR (2018 to 2022) | 10.3% |
CAGR (2023 to 2033) | 6.0% |
Valuation (2033) | USD 552.6 million |
A type of viral diagnostic test known as a Nucleic Acid Amplification Test, or NAAT, is used to identify SARS-CoV-2, the virus that causes COVID-19. Genetic material detectors are NAATs (nucleic acids). The RNA (ribonucleic acid) sequences that make up the virus' genetic information are precisely identified by SARS-CoV-2 NAATs.
NAATs are utilized for SARS-CoV-2 test samples from the upper or lower respiratory tracts. The type of specimen used for SARS-CoV-2 testing depends on both the test being run and the manufacturer's instructions.
The advancement of nucleic acid amplification testing technology is being fueled by the rising incidence of contagious diseases, the growing demand for better diagnostic tools, and increased funding for the creation of novel biotechnological diagnostic techniques. Now, nucleic acid amplification testing is anticipated to hold a 44.6% market share overall.
The presence of several manufacturers and key market players operating at the worldwide level defines the respiratory pathogen testing kits market. Leading respiratory pathogen testing equipment manufacturers are concentrating their efforts on developing unique testing kits that are expected to aid in obtaining results quickly. They are investing heavily to get a competitive advantage over one another.
Significant Key Players in the Market:
Recent Development:
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD billion for Value, Units for Volume |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; The Middle East & Africa (MEA) |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, India, Indonesia, Malaysia, Singapore, Australia, New Zealand, Türkiye, South Africa, GCC Countries |
Key Market Segments Covered | Product, Infection/Symptom, Technology, End User, Region |
Key Companies Profiled | Thermo Fisher Scientific; Abbott Laboratories; Danaher Corporation; Becton, Dickinson, and Company; Hoffmann-La Roche Ltd.; bioMérieux Inc.; Altona Diagnostics; MyLab |
Pricing | Available upon Request |
The market is estimated to reach USD 7,136.8 million by 2033.
The market is expected to record a growth of 5.7% through 2033.
Surging rate of chronic diseases and increasing funding for respiratory diagnostics.
Growing awareness about preventative healthcare.
Surging incidence of respiratory illness may create opportunity for market players.
1. Executive Summary | Respiratory Pathogen Testing Kits Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. RT PCR Kits 5.2. DFA Kits 5.3. ELISA Kits 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Infection 6.1. Enterovirus Infection 6.2. Human Coronavirus Infection 6.3. Influenza Virus Infection 6.4. Respiratory Syncytial Virus Infection 6.5. Rhinovirus Infection 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Hospitals 7.2. Diagnostic Centres 7.3. Speciality Clinics 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. South Asia 8.5. East Asia 8.6. Oceania 8.7. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Thermo Fisher Scientific 18.2. Abbott Laboratories 18.3. Danaher Corporation 18.4. Becton, Dickinson and Company 18.5. Hoffmann-La Roche Ltd. 18.6. bioMérieux Inc. 18.7. Altona Diagnostics 18.8. Mylab Discovery Solutions Pvt Ltd. 18.9. Siemens Healthineers AG 18.10. Sysmex Corporation 19. Assumptions & Acronyms Used 20. Research Methodology
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