How Will Competitive Dynamics Shape the $3.56 Billion Tuberculosis Diagnostics Market by 2031?
According to Meticulous Research®, the tuberculosis diagnostics market is projected to hit $3.56 billion by 2031, growing at a CAGR of 5% from 2024 to 2031. This upward trend is fueled by the increasing prevalence of tuberculosis in low- and middle-income regions, the rise of drug-resistant TB strains, and favorable initiatives for improved TB diagnosis and treatment. Additionally, enhanced awareness programs by governments and organizations are set to create more opportunities for market expansion.
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Key Industry Players
Major players in the tuberculosis diagnostics landscape include F. Hoffmann-La Roche Ltd. (Switzerland), Becton, Dickinson and Company (U.S.), Abbott Laboratories, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), QIAGEN GmbH (Germany), Hologic, Inc. (U.S.), bioMérieux SA (France), Danaher Corporation (U.S.), Oxford Immunotec Ltd. (U.K.), Hain Lifescience GmbH (Germany), and Creative Diagnostics (U.S.). These companies are instrumental in advancing diagnostic solutions and technologies.
Segmentation Analysis
The tuberculosis diagnostics market is segmented into test types, infection stages, end users, and geographical regions. By test type, skin tests (Mantoux) are expected to dominate with a market share of 38.2% in 2024, thanks to their affordability, ease of use, and accessibility, particularly in underserved areas.
The market also distinguishes between active and latent TB. The active TB segment is projected to grow at the highest CAGR due to increasing cases and the commitment of various health organizations to combat TB effectively.
In terms of end users, diagnostic laboratories are forecasted to experience the highest CAGR. This is attributed to their ability to utilize advanced diagnostic technologies, such as next-generation sequencing, which are less accessible to smaller medical facilities.
Regional Growth
The Asia-Pacific region is anticipated to grow the fastest, with India and China leading the way due to their large populations, high TB incidence, and substantial healthcare investments. This growth is expected to boost demand for innovative diagnostic tools and support infrastructure development in these countries.
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