Global Infectious Disease Diagnostics Market Insights, Size and Growth Forecast To 2027
The global infectious disease diagnostics market is expected to grow at a CAGR of 7.9% from 2020 to reach 41.6 billion by 2027. The growth is primarily attributed to prevalence of infectious diseases, global outbreak of COVID-19, technological advancements, and increased demands for decentralized diagnostic POC kits. However, unfavorable and inadequate reimbursement scenarios can impact the growth of the market. By Product: Reagents, kits and Consumables dominated the infectious disease diagnostics market in 2020 Reagents, kits and consumables segment accounted for the largest share of infectious disease diagnostics market. The largest share of this segment is mainly attributed to frequent purchase of these products due to their recurrent usage. POC testing segment to account for fastest growth By type of testing, infectious disease diagnostics market is segmented into laboratory testing and POC testing. During the forecast period, POC testing accounted fo...