According to a new report by Reports and Data, the global HAI Diagnostics market is expected to reach USD 6.65 Billion by 2032. The HAI Diagnostics market is experiencing growth due to various factors such as the rise in HAIs and contagious virus-related diseases, leading to an increase in surgical operations.
The industry is also benefiting from technological advancements and increased public awareness. Urgent need for immediate diagnosis of infectious diseases is essential due to the continuous evolution of pathogens and the increasing occurrence of HAIs. Governments worldwide, including the US, consider rapid diagnosis of infectious diseases a strategic priority. Moreover, the COVID-19 pandemic has further boosted the demand for laboratory-based molecular testing capacity and reagents.
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One of the significant challenges faced by the market players during this epidemic is the disruption in supply chain management. When the pandemic reached its peak in China, transportation was halted, resulting in a break in the supply chain. This disruption was not due to the lack of manufacturing but due to the challenge of mobility of goods from one part of the nation to another.
COVID-19 has also resulted in elevated demand for point-of-care immunodiagnostic tests, leading to the development of easy-to-use and rapid devices to support testing outside of laboratory settings. These test kits are developed by manufacturers based either on detection of antibodies caused due to the infection or identification of proteins from the coronavirus in respiratory samples.
Further key findings from the report suggest that disease testing in HAI diagnostic is anticipated to witness a higher growth rate during the forecast period. North America held the largest market share throughout the forecast period, with the presence of a large number of educational institutes, hospitals, corporate buildings, and an increase in self-hygiene among people influencing the growth of the industry.
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Key participants in the market include Abbott Laboratories, Roche AG, bioMérieux, Alere, Inc., Becton Dickenson, Siemens Healthcare, Thermo Fisher Scientific, Cepheid Inc., Qiagen, and Seegene, Inc., among others.
The global HAI Diagnostics market has been segmented based on product, test type, application, infection type, end-user, and region. The segments include consumables, instruments and reagents, urinalysis, molecular diagnostic, immunoassay, drug resistance testing, disease testing, bloodstream infections, gastrointestinal infections, hospital-acquired pneumonia, surgical site infections, urinary tract infections, clinics, hospitals, ambulatory surgery centers, and others.
In conclusion, the HAI Diagnostics market is expected to witness significant growth during the forecast period due to the rise in the number of HAIs, contagious virus-related diseases, and technological advancements. However, the disruption in supply chain management may hinder the growth of the market.
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