Pneumonia Testing Market size is anticipated to reach USD 3 billion by the end of 2033, growing at a CAGR of 6% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of pneumonia testing was over USD 608 million. The growth of the market can be attributed to the rising incidence of pneumonia among the global population. Pneumonia caused 745,280 children to die in 2019, accounting for 14.5% of all pediatric fatalities.
A severe respiratory infection that damages the lungs is termed pneumonia. It is the leading infectious cause of child mortality globally. The little sacs in the lungs called alveoli are stuffed with pus and fluid, when someone with pneumonia inhales, which makes breathing difficult and reduces oxygen intake. Pneumonia can be averted in children, treated with affordable, low-tech medicine, and prevented with streamlined treatments. In 2020, there were 47,601 pneumonia-related fatalities in the U.S. which is equivalent to 14.4 mortalities for every 100,000 people.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~6% |
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Base Year Market Size (2022) |
~ USD 608 Million |
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Forecast Year Market Size (2033) |
~ USD 3 Billion |
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Regional Scope |
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Application (Hospitals, Diagnostic Laboratories, Home Care)
The global pneumonia testing market is segmented and analyzed for demand and supply by application into hospitals, diagnostic laboratories, home care, and others. Out of these, the hospital segment is anticipated to hold the largest share by the end of 2031 on the back of the increasing number of hospitals and cutting-edge technologies provided by the hospitals. There were around 10,900 hospitals in Colombia, 8240 hospitals in Japan, and 6092 hospitals in the United States in 2020. The rising need for pneumonia testing elevates the number of hospitals grows and leads to the expansion of the segment.
Our in-depth analysis of the global market includes the following segments:
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By Types |
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By Method |
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By End User |
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Regionally, the global pneumonia testing market is studied in five major regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa region. Amongst these markets, the pneumonia testing market in North America is projected to hold the largest market share by the end of 2033. The market expansion in this area was fueled by the rising prevalence of pneumonia in the region. The existence of significant market participants in the area as well as expanding development of sophisticated PCR-based technologies for speedier test results, additionally, contribute to the expansion of the market. For instance, around 1,493,500 deaths from pneumonia, influenza, or COVID-19, and over 959,400 deaths from pneumonia alone in the United States in 2022.
bioMérieux, a global leader in invitro diagnostics, unveils that it has reached an agreement to procure Specific Diagnostics, a privately held American Company that has created a rapid antimicrobial susceptibility test (AST) system that provides phenotypic AST directly from positive blood cultures.
A corporation among DiaSorin (FTSE MIB: DIA) and B.R.A.H.M.S. GmbH, a division of Thermo Fisher Scientific, has been formed with the goal of developing and marketing the novel LIAISON B.R.A.H.M.S MR-proADM immunodiagnostic test. The test can assist in the detection of several serious illnesses, including sepsis, septic shock, lower respiratory infections, urinary tract infections, and kidney disease.
Author Credits: Radhika Gupta, Shivam Bhutani
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