How Will the Tuberculosis Diagnostics Market Reach $3.56 Billion by 2031?


Posted October 14, 2024 by Pratiksha

The Tuberculosis Diagnostics Market is forecasted to reach $3.56 billion by 2031, with a steady CAGR of 5% from 2024. Dive into the primary growth drivers and discover the future trends that will influence this market.
 
Meticulous Research®, a prominent market research provider, has published an insightful report titled “Tuberculosis Diagnostics Market Size, Share, Forecast, & Trends Analysis by Test Type (Mantoux, IGRA, Radiography [X-ray, CT] Molecular [NAAT, WGS, Rapid] Culture, Sputum Smear), End User (Hospital, Diagnostic Lab), Infection Stage – Global Forecast to 2031.” This research predicts that the global tuberculosis diagnostics market will reach $3.56 billion by 2031, exhibiting a 5% CAGR from 2024 to 2031.

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The increase in the prevalence of tuberculosis (TB), especially in low- and middle-income countries, significantly drives market growth. The emergence of drug-resistant TB strains is another critical factor necessitating advanced diagnostic solutions. Furthermore, supportive initiatives aimed at improving TB diagnosis and treatment are playing a crucial role. Awareness programs spearheaded by governments and health organizations are also fostering opportunities for market participants.

Leading Companies in the Tuberculosis Diagnostics Sector
Key players dominating the tuberculosis diagnostics market comprise 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.).

Insights on Market Segmentation
The tuberculosis diagnostics market is segmented by test type, infection stage, end user, and geographical region.
By Test Type: This segment includes a variety of diagnostic tests, such as the Mantoux skin test, radiographic tests, molecular tests, sputum smear microscopy, culture and drug resistance tests, among others. The Mantoux skin test is expected to hold the largest market share in 2024, accounting for 38.2%. Its widespread use is due to its simplicity, affordability, and availability, particularly in remote areas. The cost advantage—around USD 37 for the Mantoux test versus USD 89 for IGRA—further encourages its use for latent TB infections.

By Infection Stage: The market is divided into active and latent TB stages. The active TB segment is projected to grow at the highest rate throughout the forecast period, driven by the high incidence of TB in developing nations and targeted government programs aimed at reducing the disease burden.

By End User: This segmentation includes diagnostic laboratories, hospitals and clinics, academic and research institutes, and others. Notably, diagnostic laboratories are expected to witness the fastest growth due to the high demand for advanced diagnostic technologies like next-generation sequencing and molecular diagnostics, which are more viable in laboratory environments than in smaller healthcare settings.

Regional Market Analysis: The tuberculosis diagnostics market is studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is anticipated to exhibit the highest CAGR during the forecast period, with countries such as India and China offering lucrative growth opportunities due to their large populations and significant TB case burdens. Both countries benefit from improving healthcare infrastructure and increased government support for TB control initiatives, making them critical markets for tuberculosis diagnostics.

Prospects for Future Growth
Looking ahead, the tuberculosis diagnostics market appears promising, driven by advancements in novel diagnostic technologies and molecular testing. The rise of multidrug-resistant TB cases is prompting the development of innovative diagnostic methodologies, aimed at enhancing both detection and treatment efficacy.

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Last Updated October 14, 2024