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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Influenza Diagnostics Market Outlook
The global influenza diagnostics market size attained a value of USD 850.85 million in 2023. The market is further expected to grow at a CAGR of 9% during the forecast period of 2024-2032 to reach USD 1,847.96 million by 2032.
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Influenza Diagnostics Market: Introduction and Insights
Influenza diagnostics are used to detect the presence of influenza viruses as the symptoms can be very similar to other virus or flu. The common symptoms of the condition include headache, sore throat, fever, runny nose, dry cough, nasal congestion, muscle aches and lack of energy, among others. These signs and symptoms of the condition can differ from person to person, depending on their age and immune system. Diagnostics are important to determine the presence of the virus.
The influenza diagnostics market is being driven by the accelerating prevalence of influenza, the rise in research funding for influenza diagnostics, and the increasing demand for faster diagnosis and management of influenza. Influenza diagnostics help determine if a person is suffering from influenza by detecting the influenza viral nucleoprotein antigen. These are commercially available and help provide results in as less as 30 minutes span, exhibiting colour change or other visual signals.
Influenza Diagnostics Market Segmentations
The market is categorised into segments like test type, product, end user, and region.
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Market Breakup by Test Type
- Traditional Diagnostic Test
- Rapid Influenza Diagnostic Test (RIDT)
- Viral Culture
- Direct Fluorescent Antibody (DFA) Test
- Serological Assay
- Molecular Diagnostic Assay
- Reverse Transcription-Polymerase Chain Reaction (RT-PCR)
- Nucleic Acid Sequence-Based Amplification (NASBA) Test
- Loop-Mediated Isothermal Amplification-Based Assay (LAMP)
- Simple Amplification-Based Assay (SAMBA)
- Others
Market Breakup by Product
- Test Kits
- Instruments
Market Breakup by End User
- Hospitals
- Diagnostic Laboratories
- Research Laboratory
- Others
Market Breakup by Region
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
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Influenza Diagnostics Market Analysis
The influenza diagnostics market growth is being driven by the rising prevalence of influenza over the forecast period. The growing awareness among the population about the early diagnosis and effective treatment of influenza is aiding the market growth. It is also recommended for all patients with suspected influenza, thus, further enhancing the influenza diagnostics industry. The growth of the market is positively influenced by the rising funding for influenza diagnosis, research, and treatment. The disease can further degrade the health and develop further complications in individuals like pneumonia, bronchitis, asthma flare-ups, heart problems, and an ear infection, among others, creating an immediate need for influenza diagnostic and treatments, further propelling the influenza diagnostics market forward.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global influenza diagnostics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Abbott Laboratories
- Becton, Dickinson and Company
- Coris BioConcept
- DiaSorin SpA
- F. Hoffmann-La Roche Ltd.
- Luminex Corporation
- Meridian Bioscience Inc.
- Quidel Corporation
- Sekisui Diagnostics
- Thermo Fisher Scientific Inc.
- Hologic, Inc.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Test Type |
|
| Breakup by Product |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market size attained a value of USD 850.85 million in 2023.
The market is further expected to grow at a CAGR of 9% during the forecast period of 2024-2032 to reach USD 1,847.96 million by 2032.
The major growth drivers of the market include the accelerating prevalence of influenza, the rise in research funding for influenza diagnostics, and the increasing demand for faster diagnosis and management of the disease.
The key trends guiding the market growth include the rising funding for influenza diagnosis, research, and treatment.
The major regional markets include North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The test types include traditional diagnostic test and molecular diagnostic assay.
The product types in the market comprise of test kits and instruments.
The end-users in the market include hospitals, diagnostic laboratories, and research laboratory, among others.
The key players in the market include Abbott Laboratories, Becton, Dickinson and Company, Coris BioConcept, DiaSorin SpA, F. Hoffmann-La Roche Ltd., Luminex Corporation, Meridian Bioscience Inc., Quidel Corporation, Sekisui Diagnostics, Thermo Fisher Scientific Inc., and Hologic, Inc., among others.
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