Pneumonia Testing Market Size Is Estimated To Reach $3.0 Billion By 2030, Registering A CAGR Of 6.5%

(MENAFN- EIN Presswire)

Pneumonia testing market report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics.

PORTLAND, OREGON, UNITED STATES, September 21, 2022 / / -- Pneumonia Testing Market Size was valued at $1.6 billion in 2020, and is estimated to reach $3.0 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030. Pneumonia is a type of lung infection caused by bacteria, such as the Streptococcus pneumonia virus, fungi, and parasites. In pneumonia, the air sacs of the lungs called alveoli are filled with fluid or pus that causes inflammation. The symptoms of pneumonia include short breathing, fever, chest pain, nausea & vomiting. However, these clinical symptoms overlap with many other diseases, such as asthma, bronchitis, and the common cold, making it difficult to diagnose pneumonia. Physicians recommend tests such as blood tests, sputum tests, pleural fluid cultures, and pulse oximetry tests to confirm the onset of pneumonia.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

•Abbott Laboratories
•Thermo Fisher Scientific Inc.
•F-Hoffmann la Roche Ltd.
•Hologic Inc.
•Dickenson and Company
•Meridian Biosciences
•Quest Diagnostics
•Bio-Rad Laboratories Inc.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭

This disease is most prevalent in South Asia and African countries. The key factors that drive Pneumonia Testing Market Growth include an increase in technological advancement in pneumonia testing systems, such as the development of enhanced nucleic acid detection tests and advancement in point of care (POC) tests.

Moreover, an increase in awareness toward early diagnosis and a rise in government expenditures on healthcare fuel the market growth. However, the limited detection capability & accuracy of some of the pneumonia testing products and regulatory & economic hurdles hamper the market growth. Conversely, the surge in the adoption of molecular diagnostic testing and high untapped market potential in developing countries are anticipated to provide lucrative growth opportunities for the market.

The Pneumonia Testing Industry is segmented on the basis of method, technology, type & end-user region. In terms of method, it is classified into immunodiagnostics, molecular diagnostics, and point-of-care (POC) testing. By type, it is bifurcated into analyzers and consumables. Based on technology, it is categorized into enzyme-linked immunosorbent assay (ELISA), immunofluorescence, western blot, polymerase chain reaction (PCR), immunohistochemistry (IHC), and others. Depending on the end-user, it is classified into hospitals, diagnostic laboratories, home care, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The POC testing segment was the major contributor to the market in 2020, due to multiple benefits offered by this technique, such as technological advancements, ease of use, and rapid results. The analyzers segment is estimated to register the highest growth rate during the forecast period, owing to t their frequent usage for pneumonia tests from 2020–to 2030.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲


•By the method, the point of care test was the highest contributor to the market in 2020.
•By technology, the enzyme-linked immunosorbent assay (ELISA) was the highest contributor to the Pneumonia Testing Industry in 2020.
•By type, the analyzers were the highest contributor to the market in 2020.
•By end-user, the hospitals were the highest contributor to the market in 2020.
•Region-wise, North America garnered the largest revenue share in 2020; however, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Blood Market

Lateral Flow Assays Market

𝐀𝐥𝐬𝐨 𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐁𝐥𝐨𝐠:

Singapore MRI Systems Market --

Singapore Pneumonia Testing Market --

𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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