Rapid Influenza Diagnostics Market Size

  • Report ID: 5310
  • Published Date: Oct 12, 2023
  • Report Format: PDF, PPT

Rapid Influenza Diagnostics Market Size

Rapid Influenza Diagnostics Market size is estimated to reach USD 36 billion by the end of 2036, expanding around 9% CAGR during the forecast period i.e., 2024-2036. In the year 2023, the industry size of rapid influenza diagnostic was over USD 10 billion. The growth of this market can be attributed to the growing prevalence of influenza all around the world. The increasing number of people globally found with weak immunity systems suffering from target ailments are expected to raise the industry growth in the forthcoming years. Human influenza viruses consisting of Type A and Type B influenza are the most significant viruses that cause disease risk in humans. These issues contribute to healthcare costs and also disrupt health-associated quality of life. As per a report by the World Health Organization, globally around 3 – 5 million people suffer from severe cases of influenza.

The increased R&D spending for the provision of technically advanced solutions to diagnose influenza is expected to lead to a higher rate of global adoption of these tests. The market revenue for these tests is expected to expand over the coming years due to the widespread use of rapid influenza diagnostic testing and a growing incidence of influenza.

Rapid Influenza Diagnostics Market
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Author Credits:  Radhika Pawar

  • Report ID: 5310
  • Published Date: Oct 12, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing prevalence of influenza and growing research and development are some of the major factors anticipated to drive the growth of the rapid influenza diagnostics market.

The market is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2024-2036.

The major players in the market are of Abbott Laboratories, BD, F. Hoffmann-La Roche Ltd, NeuroLogica Corp., GENERAL ELECTRIC, Quest Diagnostics Incorporated, Shenzhen Mindray Bio-Medical Electronics Co., Ltd.,, and others.

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

The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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