Influenza Diagnostics Market Share 2027
June 21, 2021 ⚊ 2 Min read ⚊ Views 329 ⚊ HEALTH
The global Influenza Diagnostics Test Market is forecast to reach USD 1.15 Billion by 2027, according to a new report by Reports and Data. The market is growing due to the increase in the incidence of influenza all over the world. An increase in the geriatric population, coupled with increasing rising prevalence of chronic diseases, is driving market demand. The emergence of advanced technologies, development in therapies, and growing funding by the government in research and development for Influenza Diagnostics Test are other factors that are boosting the demand of the market. The cost of healthcare is increasing over time, and new diagnostic tests approval is a whole complex regulatory framework that takes up a lot of time. These factors are limiting the market growth. The prevalence of influenza in different forms and affecting more and more people with increased intensity. The Spanish influenza pandemic in 1918 and the Ebola outbreak in the year 2014-2016 are examples of the havoc the disease can wreak. This has created a cause of concern among the government and the World Health Organizations. There is a dire need for new and effective therapy to prevent the spread. In 2018, there were 69,007 people diagnosed from the disease out of which 67,733 suffered from type A virus while 1,274 with the type B. The virus is continuously growing in the South-East Asia region.
