January 06, 2022
According to the research report titled ‘Global Meningitis Diagnostic Testing Market is segmented by Test Type (Latex Agglutination Test, Lateral Flow Assay, PCR Assay, ELISA Tests, Culture Test, and Others), End-User (Hospital, Diagnostic Center, Others), Regional Forecasts 2021-2027’, available with MarketStudyReport, global meningitis diagnostic testing market is slated to develop at a CAGR of 3.8% over the forecast timespan 2021-2027.
As per the findings of the report, increasing demand for advanced & accurate diagnostics for sensitive reports, and increasing prevalence of meningitis are primarily driving global meningitis diagnostic testing market growth. Additionally, rising number of infectious disease cases, particularly HIV, is likely to fuel the industry expansion in the upcoming years.
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For the uninitiated, meningitis is a medical condition that causes inflammation of the membranes that border a person's brain and spinal cord. Headaches, fever, and stiffness in the neck are all symptoms of swelling meningitis. It can be caused by ear infections, skull fractures, and even surgeries in rare situations.
Additionally, rapid technological advancements coupled with increasing research & development activities in the field are positively swaying the market outlook.
Despite the positive industry outlook, lack of awareness about diagnosis and non-availability of diagnostic laboratories in developing countries may hamper the market progression during the analysis period.
Worldwide meningitis diagnostic testing industry is segmented on the basis of test type (latex agglutination test, PCR assay, lateral flow assay, ELISA tests, culture test, and others), and end-user scope (diagnostic center, hospital, and others).
With respect to geography, as per the report, the market is fragmented into North America (U.S., Canada), Europe (U.K., Germany, Spain, France, Italy, ROE), Asia Pacific (Japan, China, South Korea, India, Australia, Rest of APAC), and Latin America (Mexico and Brazil). Among these, North America market is expected to garner remarkable growth over 2021-2027, fueled by rapid growth in the number of diagnostic facilities, high adoption of advanced diagnostic equipment, and easy accessibility of diagnostic test kits.
Considering the competitive landscape, Luminex Corp., IMMY, ELITech Group SAS, Becton, Dickinson and Company (BD Co.), Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., Siemens Healthineers AG, Seegene Inc., and Abbott Laboratories are the major companies influencing global meningitis diagnostic testing market trends.