The Global Parasitology Identification Market Growth Globally at a rate of 5.5% in the forecast period 2022 to 2029
The universal Global Parasitology Identification Market report is divided into numerous characters which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors. All of these are again described in the report as required to define the topic and provide maximum information for better decision making. A number of estimations and calculations have been included in this market report by assuming a definite base year and the historic year. What is more, the Global Parasitology Identification Market research report also provides a careful investigation of the current state of the market which covers several market dynamics.
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Market Analysis and Insights - Global Parasitology Identification Market
Parasitology identification market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.5% in the forecast period of 2021 to 2028 and is expected to reach USD 5,441.78 million by 2028 from USD 3,642.00 million in 2020. Increasing prevalence of parasitic and infectious diseases in both developed and developing countries, caused rise in parasitology Identification, which is a key driver of the market for global parasitology identification market.
Parasitic diagnosis classically requires isolation of parasites with culture, parasite expansion and its subsequent sequence testing. Wide spread infection caused by different pathogen types classified as protozoan, helminths and ectoparasites rise a major concern about requirement of advanced tools for parasitic strain identification. Since years many traditional identification methods have been employed for parasitic strain identification, also new advanced methods which are more accurate and sensitive have been deployed in diagnostic laboratories. Advanced techniques such as MALDI- TOF MS, Rapid Diagnostic tests and others are considered for effective and accurate diagnosis of parasitic strain.
The most widely used parasitology identification methods are fecal identification, immunological techniques, morphological Identification, molecular techniques, rapid diagnostic tests (RDTS), MALDI-TOF MS, and others. Rising testing rate of parasitic infections and increasing awareness initiative by federal bodies worldwide, increasing use of smartphones for parasitic identification, and trending technology advancements are expected to drive growth in the Parasitology Identification industry.
In both developed and developing countries, demand for the parasitology identification market has increased and the reason behind this is the rise in strategic initiatives by global players in parasitology identification worldwide for improving the healthcare system. The Parasitology Identification market is growing due to technology advancements in rapid diagnostic tools to identify and tackle parasitic and infectious disease, increase growth of parasitology identification and rising disposable income. The market will grow in the forecasted period due to the exploration of emerging markets, a strategic initiative to promote parasitology identification.
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Key Players Global Parasitology Identification Market
The major companies providing parasitology identification are Abbott, BD, bioMeriuex SA, Bruker, Quest Diagnostics INC, ThermoFischer SCIENTIFIC INC., Altona Diagnostics Gmbh., Biomerica Inc, Bio-Rad Laboratories, Inc., Creative Diagnostics, Luminex Corporation, Meridian Bioscience Inc, Orgentec Diagnostika GMBH, R-Biopharma AG, Shimadzu Corporation, Tecan Trading AG, Virion/Serion, VWR International LLC., among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
The Global Parasitology Identification Market Size
The parasitology identification market is categorized into six notable segments which are based on the products, methods, pathogen type, sample, stool concentration and sample preparation and end user.
On the basis of products, the parasitology identification market is segmented into consumables & accessories and devices. In 2021, consumables and accessories are dominating in the parasitology identification market because they are crucial assets for parasitology identification and needed for various functions. Moreover, most companies prefer in-house equipment for research purposes. Although a large number of Parasitology Identification products are required in research workflow and development processes.
On the basis of methods, the parasitology identification market is segmented into fecal identification, immunological techniques, morphological identification, molecular techniques, rapid diagnostic tests (RDTS), Maldi-TOF MS and others. In 2021, fecal identification is dominating the market because they constitute a significant share in all kinds of parasitic identification.
On the basis of pathogen type, the parasitology identification market is segmented into protozoan, tapeworm, helminths and ectoparasties. In 2021, protozoan is dominating the market as it has a high prevalence rate in developed and developing countries. Companies invested more in protozoan identification due to its lost cost of investment and high returns.
On the basis of sample, the parasitology identification market is segmented into feces, blood urine, serum & plasma and others. In 2021, feces dominate the market as most of the parasitic strains are identified from this sample type.
The Global Parasitology Identification Market Country Level Analysis
The parasitology identification market is analysed and market size information is provided by country, products, methods, pathogen type, sample, stool concentration and sample preparation and end user.
The countries covered in the Parasitology Identification market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe, Japan, China, South Korea, Australia, India, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, Brazil, Rest of South America, South Africa and Rest of Middle East and Africa.
North America is expected to dominate the market a due to the presence of the largest consumer market with high GDP. The U.S. in North America region holds the majority of the share in the parasitology identification market and is expected to witness the CAGR during the forecast period due to increasing healthcare expenditure, increase in research and development in parasitology field, trending diagnostic tool advancements among other factors. Asia-Pacific is expected to grow with the highest CAGR in the forecasted periods as in the Asia-Pacific’s Countries upgradation medical infrastructure driven parasitology identification and federal bodies initiatives. China is expected to dominate the Asia-Pacific market. China is one of the leading countries in the world with rapidly increasing product usage and advancement in parasitology identification. Asia-Pacific is expected to grow with the most promising growth rate in the forecast period of 2020 to 2028 with an increase in R&D activities in pharma and biotech sectors. South Africa in the Middle East and Africa is expected to grow with a substantial growth rate in the forecast period of 2020 to 2028 as Middle East and Africa countries due to rising awareness and upgrading programs for hygiene and sanitation facilities.
The Global Parasitology Identification Market Share Analysis
Parasitology identification market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the parasitology identification market.
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Global Parasitology Identification Market Report Answers the Following Questions:
How much revenue will the Global Parasitology Identification Market generate by the end of the forecast period?
Which market segment is expected to have the maximum market share?
What are the influencing factors and their impact on the Global Parasitology Identification Market ?
Which regions are currently contributing the maximum share of the overall Global Parasitology Identification Market ?
What indicators are likely to stimulate the Global Parasitology Identification Market ?
What are the main strategies of the major players in the Global Parasitology Identification Market to expand their geographic presence?
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