Clostridium Diagnostics Market Trends

  • Report ID: 5472
  • Published Date: Dec 22, 2023
  • Report Format: PDF, PPT

Clostridium Diagnostics Market Trends

Growth Drivers

  • Rising Advancement in the Technology for Clostridium Testing - Without the aid of modern technology, diagnosing Clostridium is exceedingly challenging owing to its unusual symptoms. To determine the illness, sophisticated procedures such as enzymatic approaches, PCR (Polymerase Chain Reaction), and ELISA (Enzyme-Linked Immunosorbent Assay) are employed. Since PCR has a high sensitivity, it is employed in clinical laboratories and diagnostic centers.
  • Surge in Prevalence of Food Borne Illness - According to WHO, food is accountable for 420,000 deaths and 600 million incidents of foodborne illness worldwide each year. Children under the age of five contribute to 30% of foodborne deaths. WHO also estimates that consuming unsafe food contributes to the loss of 33 million years of good life annually worldwide. Hence, this has also increased demand for clostridium diagnostics market. The bacteria Clostridium perfringens represents one of the most frequent causes of food poisoning (foodborne disease). Spores are produced by these bacteria, and their coverings serve as a means of defense for the bacterium. C-perfringens has a capacity to grow and reproduce in specific environments, such as food stored at dangerous temperatures (40°F to 140°F, or 4 to 6°C).
  • Rising Use of AI to Launch Drugs for Clostridium Germs - Deployment of AI, along with proving to its benefits to every other industry is now showing great functionality in drug research. For instance, scientists at MIT and McMaster University have come across a novel antibiotic that can eradicate a particular kind of bacteria that causes a lot of illnesses that are resistant to medications, all due to the use of artificial intelligence algorithms. The novel medication was discovered by the researchers using a machine-learning algorithm they trained to determine whether a chemical molecule would restrict the growth of A. baumannii, out of a library of almost 7,000 possible medicinal compounds.

Challenges

  • Rise in Cost of Technology Used to Detect and Treat Clostridium - The cost of the treatment employed for detection goes up since the sophisticated technology required to identify Clostridium is far more extensive than the immunoassay technique. Such life-saving medical treatment is extremely costly and out-of-pocket in developing and impoverished nations, and the majority of the population is unable to afford it due to low income and high-cost burden. Furthermore, a Clostridium difficile infection is an ongoing medical condition that frequently necessitates costly long-term care and specialist treatment. In addition, a lot of people with Clostridium difficile infections often have other conditions referred to as comorbidities, which drive up the cost of healthcare. For many patients, receiving treatment for clostridium difficile infection is severely hampered by its cost, especially in poor nations where insurance coverage is few and healthcare expenditures are high.
  • Lack of Awareness Among People Regarding the Prevalence of Clostridium
  • Lack of Resources Available

Clostridium Diagnostics Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~13%

Base Year Market Size (2023)

~ USD 3 Billion

Forecast Year Market Size (2036)

~ USD 11 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 5472
  • Published Date: Dec 22, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Ans: The major factors driving the growth of the market are rising advancement in technology for clostridium diagnostics, the surge in the prevalence of foodborne illness, and the rising use of AI to launch drugs for clostridium.

Ans: The market size of clostridium diagnostics is anticipated to attain a CAGR of 13% over the forecast period, i.e., 2024-2036.

Ans: The major players in the market are Cerebriu, Diazyme Laboratories, Inc., BioMerieux, Beckman Coulter, Inc. and others.

Ans: The hospitals segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

Ans: The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying