Analysis of Pneumonia Testing market opportunities, trends and business strategies | Forecast – 2023


North America is the largest contributor to the pneumonia testing market in 2016; Asia-Pacific expected to experience highest growth rate during forecast

PORTLAND, OREGON, United States, December 20, 2021 / – According to a new report published by Allied Market Research, titled “Pneumonia Testing Market by Method (Immunodiagnostics, Molecular Diagnostics, and Point of Care Testing), Technology ( Enzyme Immunoassay, Immunofluorescence, Western Blot, Polymerase Chain Reaction, Immunohistochemistry and Others), Type (Analyzers and Consumables) and End User (Hospitals, Diagnostic Laboratories, Home Care and Others) – Global Opportunity Analysis and Forecast Industry, 2017-2023 “. The report provides detailed analysis of changing market dynamics, major segments, value chain, key investment pockets, regional scenario and competitive landscape. .

The pneumonia testing market was worth $ 932 million in 2016 and is expected to reach $ 1,738 million by 2023, registering a 9.2% CAGR from 2017 to 2023. North America is the largest contributor to the market. pneumonia testing market in 2016; however, Asia-Pacific is expected to experience the highest growth rate during the forecast period.

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Pneumonia is a type of lung infection caused by bacteria, such as Streptococcus pneumonia, viruses, fungi, and parasites. In pneumonia, the air sacs in the lungs called the alveoli are filled with fluid or pus which causes inflammation. Symptoms of pneumonia include shortness of breath, fever, chest pain, nausea, and vomiting; However, these clinical symptoms overlap with many other illnesses such as asthma, bronchitis, and the common cold, making it difficult to diagnose pneumonia.

In 2016, North America accounted for the maximum contribution to the total revenue generated, due to the increasing prevalence of pneumonia and technological advancements in various pneumonia screening products. However, Asia is expected to grow at the highest CAGR during the forecast period, owing to increased investment by large companies in R&D activities.

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Key Findings of the Pneumonia Testing Market:

• POC tests are expected to grow at the highest rate during the analysis period.
• The diagnostic laboratory segment generated the highest revenue and is expected to continue to dominate in the future.
• North America dominated the global pneumonia testing market in 2016 and is expected to continue to dominate in the future.
• China is expected to experience the highest growth in the Asia-Pacific region during the forecast period.
• ELISA was the largest contributor among the technology segments.

Other trend reports:

Pneumonia Vaccines Market
Pneumonia Therapeutics Market

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