Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Research Reports

Pneumococcal Testing on a Slowdown, with Pharma Players Shifting Focus to COVID-19 Vaccine – Future Market Insights

Untitled design 4 1 11 - Global Banking | Finance

Emerging technologies, unmet needs, and innovations in diagnostic landscape are ascribed for promising growth of penumococcal testing market

Enhanced focus on accuracy and reliability of pneumococcal testing continues to shape the market. As reliability of diagnostic tests remain the backbone of pathogen-directed treatment, increased emphasis on enhanced patient care is driving the growth of pneumococcal testing market. Proliferation of diagnostic tests in both developing and developed economies is the growth engine of pneumococcal testing market, according to a new study of Future Market Insights (FMI). The study finds that global pneumococcal testing market surpassed a billion-dollar revenues in 2019. Prolific demand for analyzers is stimulating market growth, with consumables closing in. Moreover, immunofluorescence is gaining paramount importance in pneumococcal testing market.

“Notable players must divert substantial pecuniary resources towards their key forte i.e. research and development along with strategic acquisitions for robust competitive position in pneumococcal testing market,” concludes the FMI report.

Request report sample with 200+ pages to gain in-depth market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-11289

Pneumococcal Testing Market – Key Takeaways

  • Owing to real-time diagnostic features, Point of Care (POC) testing is gaining popularity in recent years.
  • Greater availability of skilled personnel and pneumococcal testing kits is driving the adoption in hospitals and clinics, the prominent end-use area.
  • High specificity and sensitivity of Enzyme Linked Immunosorbent Assay (ELISA) is fuelling its usage among consumers across the globe.
  • Majority of gains in pneumococcal testing market will be concentrated in Europe and North America, collectively accounting for 50% revenue share.

Pneumococcal Testing Market – Key Driving Factors

  • Greater prevelance of diseases such as meningitis, bacteremia, and pneumonia is augmenting the demand for pneumococcal testing.
  • Higher case-fatality rate in geriatric population is supporting the growth of pneumococcal testing market.
  • Technological advancements in Nucleic Acid Detection Tests (NATs) for timely detection of pathogens has augured well for market.
  • Introduction of molecular diagnostic testing in developing countries is complementing regional market growth.

Pneumococcal Testing Market – Key Restraints

  • Global pneumococcal testing market is consolidated by top three players, making it difficult for emerging players to expand their market share.
  • Diversion of leading players towards developing and testing COVID-19 test kits are limiting the market growth.

Impact of COVID-19 on Pneumococcal Testing Market

The global pneumococcal testing market is projected to expand on the back of ongoing COVID-19 pandemic. Being one of the leading causes of mortality among children, pneumococcal testing is necessary for identifying the vulnerable groups during the widespread outbreak. Moreover, immunization programs, led by WHO and UNICEF are propelling the demand for pneumococcal testing. However, the market may witness a brief slowdown as leading pharmaceutical companies, vaccine developers, and research institutes are currently focused on creating a vaccine for COVID-19. The market will regain its pace once the pandemic begins to recede.

Competition Analysis

Some of the prominent companies in global pneumococcal testing market that are profiled in this FMI report include, but are not limited to, Abbott Laboratories, F-Hoffman la Roche Ltd, and Thermo Fisher Scientific Inc. Established players continue to do extensive research and development to offer more accurate testing. Prevention and timely detection will be the new fundamentals of future healthcare systems. Hence, all major strategies of industry leaders will be aligned towards that principle. Moreover, key companies will channel substantial resources towards syndromic screening approach, and point of care infection control. Strategic acquisition remains key collaborative approach of market leaders as well. For instance, Thermo Fisher Scientific Inc. acquired QIAGEN N.V. in March 2020 which strengthened R&D expertise and industry-leading capabilities of both companies.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post