New York, Jan. 10, 2023 (GLOBE NEWSWIRE) -- The rise in infectious diseases and rheumatoid arthritis condition across the world is driving the global latex agglutination test market. The market is estimated to reach US$ 2.4 Bn in 2022 and increase at a CAGR of 5.6% over the forecast period (2022-2032).
One of the leading causes of unexpected deaths is thought to be bacterial infections. The likelihood of secondary cases makes the identification of Neisseria meningitidis infections a crucial responsibility for medico-legal agencies. Since Haemophilus influenza and Streptococcus pneumonia are also responsible for infectious sudden fatalities, determining the bacteria that caused the death is crucial for making a conclusive diagnosis and avoiding additional meningococcal infections.
“Rising focus on early & faster diagnosis of infectious diseases and growing demand for better treatment options will drive market growth over the coming years,” says an analyst of Persistence Market Research.
Request for SAMPLE copy of report: https://www.persistencemarketresearch.com/samples/29470
Key Takeaways from Market Study
- Latex agglutination test for antigen detection generated US$ 1.41 Bn revenue in 2021.
- Blood/plasma samples contributed US$ 792.1 Mn in revenue in 2021.
- By application, diagnostics held the largest market share of 82.2% in 2021.
- By indication, rheumatoid arthritis accounts for a market value of US$ 525.8 Mn.
- By end user, hospitals generate the highest revenue and the segment held a market share of 40.5% in 2021.
- Around 31.5% of the global market share, by region, was accounted for by North America in 2021.
Diagnosis of C-Reactive protein (CRP) in the bloodstream is an important factor in the early rehabilitation of a patient. This is primarily performed through latex agglutination tests. In reaction to tissue damage, infection, and inflammation, the liver cells create C-reactive proteins (CRP), one of the non-specific acute phase proteins. CRP is tested in clinical laboratories as a sign of ongoing infections, chronic inflammatory conditions, and occasionally as a risk factor for cardiovascular disease.
Key companies in the market such as Thermo Fisher Scientific and Cardinal Health are utilizing a variety of marketing strategies to promote their diagnostic procedures with improved precision and technology. This can be a major driving factor in the early and timely diagnosis of infectious and life-threatening diseases.
MAKE THIS REPORT YOUR OWN, Request Customization: https://www.persistencemarketresearch.com/request-customization/29470
Market Competition
Key market players are focused on new and faster diagnostic methods, technologies, and partnerships to meet the demand and expand their product portfolio.
Some key strategies adopted by industry players are:
- In September 2022, a pioneer in lab automation and innovation, Beckman Coulter Life Sciences recently announced the acquisition of ValitaCell Ltd., a biotechnology firm that develops cutting-edge analytical tools and solutions for the biopharmaceutical sector.
- In September 2022, the world's leading platform for biopharma & medtech controlled digital health solutions, BrightInsight, Inc., and BioMérieux, a pioneer in in-vitro diagnostics, recently announced a partnership to develop as well as market a Diagnostic Digital Solution for Diagnostic methods which enables clinical decision support for disease areas throughout their diagnostic tests.
Get FULL ACCESS of report: https://www.persistencemarketresearch.com/checkout/29470
Want to Know More?
Persistence Market Research, a research and consulting firm, has published a revised market research report on the electric cargo bike market that contains a global industry analysis of 2017–2021 and an opportunity assessment for 2022–2032. The report provides in-depth analysis of the market through different segments, namely, product type, battery type, end use, and region.
Other Trending Reports:
- Soft Tissue Anchors Market
- Continuous Positive Airway Pressure (CPAP) Devices Market
- Non-invasive Ventilation Masks and Circuits Market
- Office-based Labs Market
- Liposomes Market
- Cervical Total Disc Replacement Device Market
- Alopecia Treatment Market
- Surgical Helmet Systems Market
- Pharmaceutical Excipients for Taste Masking Market
- Facial Masks Market
About Persistence Market Research:
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges.
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
Contact
Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com
