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What are the factors driving the global infectious disease diagnostics market?
Date:2023-03-10
1) Growing prevalence of infectious diseases: The increasing prevalence and incidence of infectious diseases is one of the major drivers of the global infectious disease diagnostics market. A report by the World Health Organization (WHO) estimates that infectious diseases account for 30% of deaths world-wide, making such diseases a major public health concern.
2) Increasing funding and investments: As infectious diseases continue to remain a major global cause of death, governments and public health organizations have significantly increased their investments in the development of new diagnostics solutions to detect and treat them. This has resulted in the expansion of the global infectious disease diagnostics market.
3) Growing awareness about infectious diseases: Increased awareness about infectious diseases, particularly in the developing countries, is expected to fuel the adoption of diagnostics solutions. Growing awareness about the prevalence of infectious diseases, their prevention and treatment is encouraging more people to get tested and treated for such diseases.
4) Technological advancements in diagnostics: The rapid advances in medical diagnostics and technologies are also driving the growth of the global infectious disease diagnostics market. The development of advanced technologies such as PCR, next-generation sequencing, microfluidics, rapid tests, etc., have enabled a more accurate and timely detection of various infectious diseases. This has significantly reduced the cost and time associated with the diagnosis and management of infectious diseases, thereby driving the growth of the market.
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