Tuberculosis Diagnostic Market: Industry Analysis and Forecast (2020-2026
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Global Tuberculosis Diagnostic Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 5.2% during the forecast period.
Global Tuberculosis Diagnostic Market Overview:
Tuberculosis or TB is an infectious disease caused by Mycobacterium tuberculosis bacteria. Tuberculosis generally affects the lungs, but can also affect other parts of the body. Most infections do not have symptoms and this is known as latent tuberculosis. About 10% of latent infections progress to active disease which, if left untreated, kills about half of those infected.
Global Tuberculosis Diagnostic Market Dynamics:
Rising Burden of Tuberculosis and Multi-drug Resistant Tuberculosis (MDR TB) are the primary factors driving the market growth.
According to the World Health Organization (WHO), about 10 million people are affected by tuberculosis, each year. Further, tuberculosis is the leading cause of death from a single infectious agent, ranking above HIV/AIDS. The rise in initiatives by governments and independent organizations to control the spread of tuberculosis is also contributing to the growth of the global tuberculosis diagnostics market. An increase in expenditure on R&D activities for the development of novel tuberculosis diagnostic procedures will be a major factor for the growth of the tuberculosis diagnostics market growth in the forecast period. However, the high cost associated with the Tuberculosis testing procedure may hamper the market growth.
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Last Update : 19 September 2021 5:34 AM
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