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CST: 23/07/2019 09:20:09   

Legionella Testing Market to reach a value of US$398.7 million by 2025 - TMR

115 Days ago

Legionella Testing Market: Rising Awareness about Ubiquity of Legionella Bacteria Drives the Market

Albany, New York, March 29, 2019 (GLOBE NEWSWIRE) -- According to TMR, the global legionella testing market is expected to grow with a robust CAGR of 9.4% over the forecast period from 2017-2025. Furthermore, the global legionella testing market is projected to reach a value of US$398.7 mn by 2025. By type of test, the global legionella testing market is dominated by urinary antigen test UAT, which holds the largest market share among all variants of diagnostic test for legionella testing. UAT is a diagnostic tool that provides rapid outcomes, with usually same day results.

Geographically, Asia Pacific is estimated to experience the fastest growth rate in the coming years. The rise in population in this region, which is more susceptible to infections, increasing disposable income is projected to boost the market. Increasing penetration of legionella testing products through global distribution network is also driving the legionella testing market in the forthcoming years.

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Rising Demand for Advanced Diagnostic Methods, Propels the Growth of the Market

As stated by Centers for Disease Control and Prevention (CDC) projects, US experienced almost 6238 cases of Legionnaires’ disorder in a past few years. The prevalence number is comparatively low, but it is still an increase of near about 13.6% in number of cases estimates. Legionnaires’ disorder is not communicable but dirty water droplets and mists make people contract the disease.

Growing government funding has led to an increase in number of legionella testing for the proper identification of disease and medications. Also, increasing prevalence of Legionnaires ’ disease and increasing demand for advanced diagnostic methods are driving the legionella testing market globally.

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However, high costs and strict government regulations along with legionella pneumophila urinary antigen test (LPUAT) acts as a major restraining factor for the legionella testing market. Nevertheless, increasing awareness about legionella disorders in developing economies is boosting the demand of the legionella testing market in near future.

Growth in Government Initiatives Bringing Opportunity to the Market

The rising awareness concerning to the risk of legionella-borne disorders from water bodies is a major driver of legionella testing market. Furthermore, improvements in technologies like microfluidic, which help provide stability, satisfaction, and safety to patients, are driving the legionella testing market.

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Moreover, the rise in the number of skilled healthcare services consultants, and doctors are driving the growth of the legionella testing market. Furthermore, increasing government initiatives for developing health infrastructure in developing economies is expected to bring more opportunities to the legionella testing market.

Transparency Market Research (TMR) found that that the global legionella testing market has a considerably strong competitive landscape due to the influence of a few leading players. The global legionella testing market is rapidly in medical care sector in the past years. Legionella testing has experienced fast development in recent years and is probably going to continue the same with an ongoing expansion. IDEXX Laboratories, Inc., Becton, Dickinson and Company, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., BioMérieux Inc., and Qiagen N.V., are some of the companies upholding leading shares in the market.

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Mergers and acquisitions, and product launches are the major strategies used by the market players to increase market presence globally. On April 2018, Phigenics Research and Innovation Lab announced its most recent innovation, the Next Day Legionella PCR testing service. This test is based on the patented phigenics validation test (PVT) TimeZero method. This testing service is the fastest and most accurate legionella and total heterotrophic aerobic bacteria (THAB) testing service.

This information is encompassed in the report by TMR, titled, “Legionella Testing Market (Test Type - Culture Methods, Urinary Antigen Test (UAT), Serology, Direct Fluorescent Antibody Test (DFA), and Nucleic Acid-based Detection; Application - Clinical Testing Methods, Environmental Testing Methods; End Use - Hospitals, Diagnostic Laboratories, and Clinics) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025.”

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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