The Influenza is an infectious respiratory infection instigated via flu viruses. Each year periodic influenza disturbs millions of individuals leading thousands of hospitalizations and flu-related deaths. As per the World Health Organization report 2019, every year there are an projected 1 billion cases Influenza, nearly 3-5 million austere cases of influenza, and 290 000-650 000 influenza-associated respiratory deaths across the globe.
According to the report analysis, ‘Global Influenza Diagnostics Market to reach USD 1092.9 million by 2026’ states that Influenza occurrences have exhilarated healthcare authorities across the world to improvement the capability of influenza diagnosis, which is further underwriting towards the implementation of influenza diagnostics. Worldwide influenza diagnostic market growth is majorly driven by factors such as the increasing incidence of influenza, effective growth in the research funding for influenza diagnostics, and the increasing requirement for faster diagnosis. Furthermore, the augmenting the approvals of influenza diagnostic products by overriding authorities is projected to generate significant growth opportunity for the market over the review period. For instance, Abbott Laboratories established FDA clearance for ID NOW Influenza A & B 2 Assay product during 2018. Similarly, Quidel Corporation received FDA authorization for the QuickVue Influenza A+B Test product. However, the complex regulatory background for the authorization of new diagnostic tests impedes the growth of the market over the estimate period of 2020-2026.
Moreover, the great and large players in the worldwide are predicted to the market growth more effectively for leading the highest market growth and accounting the handsome value of market share around the globe during the short span of time while decreasing the linked prices, engaging the young work force, developing the applications of such, spreading the awareness connected to such, implementing the profitmaking strategies and policies, analyzing and observing the strategies and policies of the competitors and government, establishing the several research and development programs, delivering the better consumer satisfaction and improving the specifications of the technologies includes F. Hoffmann-La Roche AG, Quidel Corporation, Thermo Fisher Scientific, Abbott Laboratories, Hologic Inc., Becton, Dickinson, and Company, DiaSorin S.p.A, Luminex Corporation, Meridian Bioscience Inc., GenMark Diagnostics and several others.
In addition, the regional analysis of international Influenza Diagnostics market is considered for the prominent regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The North America is the leading/significant economy across the world in terms of market share due to the effective increase in the prevalence of influenza and advanced healthcare facilities across the region. Whereas, the Asia-Pacific is also predicted to exhibit greatest growth rate / CAGR over the review period of 2020-2026. Aspects such as improving healthcare infrastructure, prominent growth in the prevalence of diseases would generate lucrative growth prospects for the Influenza Diagnostics market around Asia-Pacific region. Therefore, in the near years, it is anticipated that the market of influenza diagnostic will increase around the globe more effectively over the forthcoming years.
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Ankur Gupta, Head Marketing & Communications