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Meningitis Diagnostic Testing Market is Expanding at a CAGR of 3.0% by 2025
Meningitis Diagnostic Testing Market: Snapshot
The global meningitis diagnostic testing market in rising with increasing prevalence of cryptococcal and viral meningitis. The global meningitis diagnostic testing market was valued over US$ 105.0 Mn in 2016 and is projected to witness cumulative annual growth rate (CAGR) of over 3.0% from 2017 to 2025 to surpass the value of US$ 150.0 Mn by 2025. The global market is witnessing relatively higher growth owing adoption, easy availability of lateral flow assay across all the regions over globe.
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Inflammation to the meninges is known as meningitis. Most common cause of meningitis is bacteria or virus. Other causes include certain illness, medications or suffering from some other disease such as tuberculosis, or HIV (Human Immunodeficiency Virus). According to the World Health Organization (WHO) Colton Parayko Jersey , HIV is another major infectious disease. As of October 2017, around 36.7 million people across the world were living with HIV. High prevalence of infectious diseases is likely to drive the demand for diagnostic tests and thereby, the in vitro diagnostics sector in the next few years. Meningitis diagnostic test are the test that are carried out on human samples, (e.g., CSF) in order to: diagnose meningitis Jake Allen Jersey , regulate drug therapies and to prevent meningitis.
The testing for meningitis can be done using various latest technologies involving rapid testing devices as well as analyzers which are laboratory instruments. Increasing demand for demand for advanced diagnostic technology for accurate diagnosis and increasing prevalence of meningitis are driving the growth of the meningitis diagnostic testing market globally, however complex regulatory framework restrain the growth of the meningitis diagnostic testing market. According to the World Health Organization, regular outbreaks of meningitis in countries in Africa have impacted the in vitro diagnostic industry and are likely to fuel the meningitis diagnostic testing market in these countries. Rising demand for point-of-care services is anticipated to drive the meningitis diagnostic testing market during the forecast period. Point-of-care services provide more accurate results in less time as compared to traditional methods.
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The global meningitis diagnostic testing market is divided into three segments: by product, by end user and by geography. Based on the product, the market has been further segmented into six major sub segments latex agglutination tests Alex Pietrangelo Jersey , lateral flow assay, PCR assay, ELISA tests, culture test, and others. Between these segments Tyler Bozak Jersey , PCR assay segment accounted for highest market share (in terms of revenue), in 2016. PCR assays provide accurate test results in a shorter span of time compared to other tests, with the sensitivity rate of 97%. This is projected to drive the PCR assay segment during the forecast period. Lateral flow assay segment is expected to grow at higher pace during forecast period . Wholesale Authentic Jerseys Wholesale Jerseys Wholesale Jerseys Cheap Wholesale Jerseys From China Wholesale Majestic MLB Jerseys Wholesale Authentic NCAA Jerseys Wholesale Jerseys Online Wholesale Hockey Jerseys Wholesale MLB Baseball Jerseys Cheap NFL Jerseys Online