Influenza Diagnostics Market Insights Covering Market Dynamics and Competitive Scenario through 2026

JULY 20, 2020: The U.S. Influenza Diagnostics market size is expected to reach USD 166.0 million by the year 2026 growing at a CAGR of 5.4% according to a new report by Grand View Research, Inc. Key drivers of the market include rising disease prevalence, increase in geriatric population and high-risk population for influenza such as children, pregnant women and immunosuppressed patients suffering from various chronic diseases.

The rise in the prevalence of the flu in the U.S. is expected to boost market growth. Data from CDC indicates that flu incidence was relatively low in the months of October 2018 and November 2018, however, rise in the number of cases was witnessed in December 2018 and remained high until February 2019. Influenza A was dominant in the southeastern part of the U.S. During 2018-2019 flu season, 536,301 specimens were tested in laboratories out of which 54,381 tested positive, among which 52,028 were of influenza A and 2,353 of influenza B. These facts are indicative of the rising prevalence of the flu, necessitating increasing demand for diagnostic products.

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Additionally, individuals with a high risk of contracting the influenza virus consist of children, pregnant women, immunosuppressed patients suffering from chronic diseases and healthcare workers. For instance, 28 pediatric deaths have been reported by the CDC in 2018-2019 indicative of the rising disease incidence. According to the CDC in 2018-2019, 1654 individuals aged 65 years of age and above were diagnosed with flu. Owing to their immunosuppressed state, this population group is more susceptible to flu and other infectious diseases causing complications. Thus, timely diagnosis facilitated by home care testing kits is further anticipated to fuel the market growth during the forecast period.

RDITs held the largest market share in 2018 as they are easily available and are user-friendly facilitating rapid diagnosis. In addition, key participants are engaged in various inorganic and organic strategic developments to expand their existing product portfolios and geographic expansion. For instance, in 2018, Quidel Corporation received 510(k) FDA clearance for their CLIA waived QuickVue Influenza A+B assay to be used for the rapid diagnosis of influenza A & B. This assay facilitates rapid detection of influenza B & A antigens by nasopharyngeal and nasal swab from patients.

Hospitals held the largest market share in 2018 due to the rise in prevalence of flu. POCT is one of the fastest-growing segments due to technologically advanced products offered by leading players. For instance, in 2016, Becton, Dickinson, and Company launched a new wireless BD Veritor Plus System which is a rapid diagnostic device for the detection of B & A virus subtypes. This product serves hospitals, clinics, and laboratories. BD Veritor Plus System consists of BD cloud connectivity solution that allows users to transfer data securely to an electronic medical record. These factors are thus anticipated to positively impact market potential during the forecast period.

Further key findings from the report suggest:

• Commercial availability of RIDTs and quick turnaround times are major factors that attribute to its large market share.

• The hospitals market for U.S. influenza diagnostics held the largest market share in 2018 but is expected to gradually slow down with the advent of POCT.

• Some major players catering to the U.S. influenza diagnostics market are Alere, 3M Health Care, Meridian Bioscience, Inc., Becton, Dickinson and Company, Quidel Corporation, Meridian Bioscience, Inc., SA Scientific, Roche Diagnostics Corporation, Thermo Fisher Scientific Inc. and Sekisui Diagnostics.

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Table of Contents

Chapter 1 Methodology and Scope

1.1 Research Methodology

1.1.1 Information Procurement

1.2 Information Or Data Analysis

1.3 Market Formulation & Validation

1.4 Region-Wise Market Calculation

1.4.1 Region-Wise Market: Base Estimates

1.4.2 U.S. Market: Cagr Calculation

1.5 Region-Based Segment Share Calculation

1.6 List Of Secondary Sources

1.7 List Of Primary Sources

1.7.1 Primary Interview Breakup

1.7.1.1 Data For Primary Interviews, By Sources

1.7.1.2 Data For Primary Interviews, By Region

Chapter 2 Executive Summary

2.1 Market Snapshot

Chapter 3 U.S. Influenza Diagnostics Market Variables, Trends & Scope

3.1 Market Segmentation & Scope

3.1.1 Market Driver Analysis

3.1.1.1 Rising Geriatric Population

3.1.1.2 Increasing Prevalence Of Chronic Diseases

3.1.1.3 Government Initiatives To Counter Influenza

3.1.1.4 Technological Advancements

3.1.2 Market Restraint Analysis

3.1.2.1 Product Safety And High Development Costs

3.1.3 Key Opportunities Prioritized

3.1.3.1 Key Opportunities Prioritized, By Test Type

3.1.3.2 Key Opportunities Prioritized, By End Use

3.1.4 U.S. Influenza Diagnostics – Swot Analysis, By Factor (Political & Legal, Economic And Technological)

3.1.5 Industry Analysis – Porter’s

3.1.6 U.S. Influenza Diagnostics Market: Company Market Position Analysis, 2018

Chapter 4 U.S. Influenza Diagnostics Market: Test Type Analysis

4.1 Test Type Business Analysis

4.2 U.S. Influenza Diagnostics Market: Test Type Movement Analysis

4.2.1 Ridts

4.2.1.1 Ridts Market Estimates And Forecasts, 2015 – 2026 (USD Million)

4.2.2 Rt-Pcr

4.2.2.1 Rt-Pcr Market Estimates And Forecasts, 2015 – 2026 (USD Million)

4.2.3 Cell Culture

4.2.3.1 Cell Culture Market Estimates And Forecasts, 2015 – 2026 (USD Million)

4.2.4 Other Diagnostic Tests

4.2.4.1 Other Diagnostic Tests Market Estimates And Forecasts, 2015 – 2026 (USD Million)

Continued……………………

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