Enteric disease testing market forecast to report revenue growth of 2.82% CAGR during 2013 to 2018
Global Enteric Disease Testing Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-30 07:34:02
The discovery and characterization of new emerging viruses and bacteria is playing an important role in the Diagnostics industry. Vendors are introducing new diagnostic tests for new found pathogens that are responsible for some other types of infectious diseases. These new pathogens include West Nile virus, respiratory syncytial virus, genital mycoplasma, C. difficile, norovirus, and rotavirus. C. difficile and rotavirus tests have seen the maximum level of acceptance in the market. Thus, the improvement in detection technology aiding in the identification of new pathogens is driving the need for enteric disease testing products.
One of the major drivers in the market is the increasing incidence of enteric diseases among the population, creating a need for testing methods that effectively diagnose diseases.
Further, one of the major challenges in the market is the presence of stringent regulatory approval processes for clinical in-vitro diagnostic tests for enteric disease identification.
The key players operating in the global enteric disease testing Market include Alere Inc., bioMÃ©rieux SA, Bio-Rad Laboratories Inc., Cepheid Inc., and DiaSorin S.p.A.
The global enteric disease testing market is forecast to grow at a CAGR of 2.83 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing incidence of enteric diseases. The Global Enteric Disease Testing market has also been witnessing the emergence of new pathogens causing infections. However, the stringent regulatory approval could pose a challenge to the growth of this market.
Other vendors operating in the market are Affymetrix Inc., Beckton, Dickenson and Co., Biomerica Inc., Coris BioConcept, Danaher Corp., Meridian Bioscience Inc., Quest Diagnostics Inc., R-Biopharm AG, and Trinity Biotech PLC.
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