How is the Tuberculosis Diagnostics Market Expected to Grow to $3.56 Billion by 2031?


Posted August 9, 2024 by Pratiksha

By 2031, the Tuberculosis Diagnostics Market is expected to reach $3.56 billion, driven by a 5% CAGR from 2024.
 
According to the latest insights from Meticulous Research®, the tuberculosis diagnostics market is anticipated to hit $3.56 billion by 2031, expanding at a compound annual growth rate (CAGR) of 5% from 2024 to 2031. This growth trajectory is driven by several factors, including the rising incidence of tuberculosis in low- and middle-income countries, the increasing emergence of drug-resistant TB strains, and supportive initiatives aimed at improving TB diagnosis and treatment. Additionally, government and organizational efforts to enhance tuberculosis awareness are expected to present further growth opportunities for market participants.

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Key Players

Prominent companies in the tuberculosis diagnostics market include F. Hoffmann-La Roche Ltd. (Switzerland), Becton, Dickinson and Company (U.S.), Abbott Laboratories, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), QIAGEN GmbH (Germany), Hologic, Inc. (U.S.), bioMérieux SA (France), Danaher Corporation (U.S.), Oxford Immunotec Ltd. (U.K.), Hain Lifescience GmbH (Germany), and Creative Diagnostics (U.S.).

Market Outlook

The tuberculosis diagnostics market is segmented based on test type (e.g., Skin Test, Interferon Gamma Release Assay, Radiographic Tests, Molecular Tests, Sputum Smear Microscopy, Culture & Drug Resistance, and Other Tests), infection stage (Active vs. Latent), end user (Diagnostic Laboratories, Hospitals & Clinics, and Other End Users), and geographic region. The report evaluates the competitive landscape and analyzes market trends at regional and country levels.

Test Type Segmentation

In 2024, the skin test/Mantoux segment is projected to capture the largest market share of 38.2%. This dominance is due to the test's simplicity, affordability, and widespread availability, including in remote areas. The skin test is particularly effective for detecting latent TB infections and remains one of the most cost-effective options available, costing around USD 37 compared to approximately USD 89 for the Interferon Gamma Release Assay (IGRA).

Infection Stage Segmentation

The market is divided into active and latent infection stages, with the active stage expected to experience the highest CAGR over the forecast period. This is attributed to the high prevalence of TB in low- and middle-income nations, government initiatives to combat TB, and rising TB outbreaks.

End User Segmentation

Diagnostic laboratories are projected to witness the highest CAGR due to the adoption of advanced technologies such as next-generation sequencing, which is more accessible in diagnostic labs compared to smaller clinics and hospitals. Efforts by governments and organizations to boost tuberculosis awareness are also contributing to this growth.

Geographical Insights

Geographically, Asia-Pacific is forecasted to record the highest CAGR during the forecast period. India and China, in particular, present significant opportunities due to their large populations, high TB case burdens, and growing healthcare investments. Both nations are expected to drive demand for advanced diagnostic tools and technologies, supported by their expanding economies and investment in healthcare infrastructure.

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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Last Updated August 9, 2024