Research Nester published a report titledTyphoid Antibody Testing Market: Global Demand Analysis Opportunity Outlook 2031which delivers detailed overview of the global typhoid antibody testing market in terms of market segmentation by product type, end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The globaltyphoid antibody testing marketis anticipated to grow with a CAGR of ~7% during the forecast period, i.e., 2022-2031. The market is segmented by end-user into serological testing centers, hospitals, diagnostic centers, clinics, and other healthcare facilities, out of which, the hospital segment is anticipated to garner the largest market share during the forecast period. The growth of the segment can majorly be attributed to the increasing focus of these service providers to provide exemplary healthcare services by the use of advanced medical technologies. In addition to this, the rising medical tourism industry is also poised to generate growth opportunities for the segment during the forecast period.
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The global typhoid antibody testing market is estimated to garner a moderate revenue by the end of year 2031. Increasing prevalence of lack of safe sanitation and access to safe drinking water, followed by the increased morbidity and mortality rates, increased competition among competitors to produce diagnostic kits for fast, efficient and accurate disease detection are estimated to drive the growth of market in coming years.
Geographically, the global typhoid antibody testing market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East Africa region. Out of these, the market in Asia Pacific is anticipated to garner the largest share in terms of revenue by the end of 2031. The growth of the market in the region can be attributed to the surge in the prevalence of typhoid disease across several countries in the region, including nations such as India, China, Bangladesh, Nepal, Vietnam, and Laos.For instance, Asia Pacific is a typhoid endemic region. More than 75% of typhoid cases around the world are reported from India, Bangladesh, China, Laos and others.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth opportunity analysis, market players competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increased Government Support to Manage Typhoid Cases to Create Opportunities for Market Growth
According to the World Health Organization (WHO), majorly 4.5 billion people do not have access to proper sanitation condition at their homes and poor sanitation is one of the primary factor resulting in high prevalence of typhoid cases globally.For instance, Indian government initiated a program called Swachh Bharat Mission, aims to improve waste management and standardize sanitary condition while constructing community toilets throughout the country.
With the increased morbidity and mortality cases, governments in their respective regions are increasing efforts by managing campaigns, spreading awareness related to typhoid fever and its preventives measure also developing nursing facilities. For instance, every year, around 11-20 million typhoid cases are found out of which 161,000 cases result in death. Such factors are therefore, anticipated to drive the market growth in the coming years.
However, lack in early diagnosis of the typhoid disease and low awareness related to the availability of antibody testing kits in the market are expected to operate as key restraints to the growth of typhoid antibody testing market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global typhoid antibody testing market which includes company profiling of LINEAR CHEMICALS, S.L.U, Medical Innovation Ventures Sdn Bhd, Thermo Fisher Scientific, Nectar Lifesciences Ltd., DIALAB GmbH., BIOSYSTEMS S.A., Siemens Healthcare GmbH and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global typhoid antibody testing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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