Here's a comprehensive overview of the Global Emerging Infectious Disease Diagnostics Market based on the latest research report by Emergen Research, titled Global Emerging Infectious Disease Diagnostics Market Forecast to 2033:
The global Emerging Infectious Disease Diagnostics market is projected to grow from an estimated USD 22.5 billion in 2024 to USD 47.3 billion by 2033, registering a Compound Annual Growth Rate (CAGR) of 8.60% during the forecast period.
Market Drivers
Advancements in Diagnostic Technologies: Innovations such as CRISPR-based diagnostics, next-generation sequencing (NGS), and rapid point-of-care (PoC) testing are enhancing the speed and accuracy of disease detection.
Rising Prevalence of Infectious Diseases: The increasing incidence of diseases like COVID-19, Zika, and Ebola underscores the need for robust diagnostic solutions.
Government Funding and Public Health Initiatives: Increased investments in healthcare infrastructure and disease surveillance programs are propelling market growth.
Assam Agricultural University Develops ASF Rapid Detection Kit: The College of Veterinary Science at Assam Agricultural University has developed a rapid antigen detection kit for African Swine Fever, enabling swift detection in pig samples.
Quest Diagnostics to Launch Bird Flu Test: Quest Diagnostics plans to introduce a new test for H5N1 bird flu, enhancing preparedness for potential outbreaks.
Oxford Nanopore Collaborates with NHS: Oxford Nanopore Technologies is working with the NHS to enhance pathogen screening, aiming to establish an early-warning system for future pandemics.