Neglected Tropical Diseases (NTD) Diagnosis Market Size 2020, Share, Regional Analysis, Key Players And Key Figures Reviewed In Latest Research Report 2028
Growing adoption of Point-of-care testing services and introduction of home healthcare facilities are key factors fueling global market growth
Market size: USD 6.01 Billion 2020, Market
Growth: CAGR of 4.3%, Market Trends: Advancements in diagnostic technology
The global Neglected Tropical Diseases (NTD) Diagnosis Market size is expected to reach USD 8.63 billion by 2028 and register a CAGR of 4.3%, according to the latest report by Reports and Data. Rising prevalence of various neglected tropical diseases around the globe and several government initiatives to raise awareness about these diseases are driving global market revenue growth.
Neglected tropical diseases (NTD) are caused by
bacteria, viruses, and parasites in low-income populations owing to poor health
and hygiene, lack of proper sanitation, and clean water. Chikungunya, lymphatic
Filariasis, taeniasis/cysticercosis, and dengue are common neglected tropical
diseases. One of the primary factors fueling global market growth is increasing
awareness about significance of early detection of NTD and growing efforts for
improving healthcare facilitates across the globe. In addition, increasing
investments for research and development of diagnostic tools and rising
government programs to tackle neglected tropical diseases are further boosting
global market.
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However, factors, such as high-priced diagnostic
tools, unavailability of skilled professionals to operate advanced diagnostic
systems, and imposition of unfavorable regulations, are expected to hamper
growth of the global neglected tropical diseases diagnosis market over the
forecast period.
Some key highlights in the report:
- Based
on the disease type, the lymphatic filariasis segment is expected to
register fastest revenue CAGR over the forecast period owing to rising
prevalence of lymphatic system disorders worldwide and growing adoption of
rapid antigen tests.
- Among
the diagnostic methods, the conventional methods segment is expected to
account for significant revenue growth owing to high availability and
usage of conventional methods such as serology tests, pathology culturing,
and gram staining. Though the modern methods are more reliable.
- The
clinical laboratories segment accounted for largest revenue share in 2020
and is expected to continue its dominance over other end-use segments in
the global neglected tropical diseases diagnosis market over the forecast
timeline. High revenue share is attributable to increasing number of
clinical laboratories, rising prevalence of neglected tropical diseases,
and availability of advanced diagnostic kits across several
countries.
- North
America is expected to account for significant revenue share over the
forecast period. Factors, such as rising prevalence of neglected tropical
diseases, availability of rapid diagnostic services, and growing adoption
of POC testing at home healthcare are key factors fueling market
growth.
- The
market in the Middle East and Africa is expected to account for high
revenue growth throughout the forecast period owing to growing recurrence
of NTDs and increasing adoption of modern diagnostic services.
- Key
players operating in the global neglected tropical diseases diagnosis
market include Thermo Fisher Scientific Inc, ZeptoMetrix Inc, InBios
International Inc, Abbott, Genome Diagnostics Pvt. Ltd, Coris Bioconcept
SPRL, Omega Diagnostics Group PLC, DiaSys Diagnostic Systems GmbH, and
Oscar Medicare Pvt. Ltd.
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For this study, Reports and Data has segmented
the global neglected tropical diseases diagnosis virus testing market based on
disease diagnostic method, service type, end-use, and region:
Disease Outlook (Revenue, USD Million, 2018 -
2028)
- Dengue
- Chikungunya
- Rabies
- Leprosy
- Buruli
Ulcer
- Yaws
- Lymphatic
Filariasis
- Taeniasis/Cysticercosis
- Foodborne
Trematodiases
- Echinococcosis
- Chagas
Disease (American Trypanosomiasis)
- Dracunculiasis
- African
Trypanosomiasis
- Soil-transmitted
Helminth Infections
- Onchocerciasis
- Schistosomiasis
- Scabies
and Other Ectoparasites
- Snakebite
Envenoming
- Leishmaniasis
Diagnostic Method Outlook (Revenue, USD Million,
2018 - 2028)
- Conventional
Method
- Molecular/Modern
Method
Service Type Outlook (Revenue, USD Million, 2018
- 2028)
- Centralized
Service
- POC
(Point-of-care) Service
End-use Outlook (Revenue, USD Million, 2018 -
2028)
- Clinical
Laboratories
- Hospitals
and Clinics
- Home
Healthcare
- Others
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Regional Outlook (Revenue, USD Billion, 2018 -
2028)
- North
America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- France
- Italy
- Rest
Of Europe
- Asia
Pacific
- China
- India
- Japan
- South
Korea
- Rest
of APAC
- Latin
America
- Brazil
- Rest
of LATAM
- Middle
East & Africa
- Saudi
Arabia
- UAE
- South
Africa
- Rest
of MEA
Key Features of the Neglected Tropical Diseases
Diagnosis Report:
- The
report encompasses Neglected Tropical Diseases Diagnosis market overview
along with market share, demand and supply ratio, production and consumption
patterns, supply chain analysis, and other ley elements
- Offers
insights into production and manufacturing value, products and services
offered in the market, and fruitful information about investment
strategies
- The
report covers an extensive analysis of the trends, drivers, restraints,
limitations, threats, and growth opportunities in the Neglected Tropical
Diseases Diagnosis industry
- SWOT
analysis and Porter’s Five Forces analysis along with feasibility analysis
and investment return analysis
- Sophisticated
analysis of the market statistics and is represented in graphs, tables,
facts, figures, diagrams, and charts to provide a better understanding
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