Market Trends of Pneumonia Testing Industry
This section covers the major market trends shaping the Pneumonia Testing Market according to our research experts:
Point of Care Testing Segment is Expected to Contribute Major Market Share in the Pneumonia Testing Market
- POC testing is a revolutionary technology which is currently an ideal technique for detecting pneumonia. The growing adoption of POC testing is attributed to higher efficiency, increasing cases of pneumonia and the rapid test results due to which it is highly preferable.
- Therefore with the high prevalence of chronic diseases in large customer base adopting the cost-effective and immediate diagnostic tests, is propelling the point of care testing. The advantages of POC test to render rapid and accurate results helps in promoting the patient-centred healthcare at bedside settings which further result in the adoption of point of care testing and thereby promoting the growth of pneumonia testing market.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a major market share in the global Pneumonia Testing due to increasing geriatric population region. For instance, according to Centers for Disease Control and Prevention pneumonia is an eighth leading cause for mortality in the United States which further lead to increased awareness about the disease and further drive the pneumonia testing market.
There are also rising product approval and increasing product launches that are driving the overall market in this region. For instance, BioMérieux has received FDA Clearance for BioFire's FilmArray Respiratory Panel 2 (RP2). Furthermore, with the increasing healthcare expenditure and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.
