Market Trends of Global Tuberculosis Diagnostics Industry
This section covers the major market trends shaping the Tuberculosis Diagnostics Market according to our research experts:
Nucleic Acid Testing Segment Expects to Register a High CAGR During the Forecast Period
The Nucleic Acid Testing segment is expected to witness significant growth in the market owing to the factors such as the rising adoption of nucleic acid testing and advantages offered by nucleic acid testing such as better accuracy than other microscopy tests and providing faster results, over other tests.
The rising adoption of nucleic acid testing for detecting tuberculosis is the key factor driving the market growth. For instance, according to an article published by the Journal of Clinical Microbiology, in September 2020, titled 'Advances in Molecular Diagnosis of Tuberculosis', the World Health Organization (WHO) has recommended the use of molecular nucleic acid amplification tests (NAATs) tests for tuberculosis, as these are more accurate at detecting the disease, particularly in patients with the paucibacillary disease and HIV-positive individuals. This is expected to increase the segment growth over the forecast period.
In addition, the data published by the World Health Organization, in February 2021, stated that the World Health Organization has updated the policies on molecular assays used for the diagnosis of TB and drug resistance, in the December 2020 meeting. The meeting covered the high diagnostic accuracy of 3 new classes of technologies such as moderate complexity automated Nucleic Acid Amplification Tests (NAATs), for detection of TB and resistance to rifampicin and isoniazid; low complexity automated NAATs for the detection of resistance to isoniazid and second-line anti-TB agents and high complexity hybridization-based NAATs for the detection of resistance to pyrazinamide.
Furthermore, the advantages offered by nucleic acid testing over other tests for detecting tuberculosis are expected to propel market growth over the forecast period. For instance, according to the 2022 data published by the State of Rhode Island Department of Health, it has been observed that Rhode Island State Health Laboratory (RISHL) utilizes the Cepheid the Xpert MTB/RIF assayfor Nucleic Acid Amplification Tests (NAATs), an automated molecular diagnostic test that is used to detect the presence of Mycobacterium tuberculosis complex (MTB-complex) DNA in respiratory specimens from both adults and children. In addition, as per the same source, the NAAT can be performed directly on sputum and other respiratory specimens and results can be delivered to the physician 24 to 48 hours after specimen receipt.
Therefore, the due to aforementioned factors the studied market is expected to increase over the forecast period.
North America Dominates the Market and Expects to do Same Over the Forecast Period
North America is expected to dominate the tuberculosis diagnostic market owing to the factors such as the rising number of tuberculosis cases in the region, the presence of well-established healthcare infrastructure, and high healthcare spending.
The rising incidence of tuberculosis in the region is the key factor driving the market growth. For instance, according to the Centers for Disease Control and Prevention's National Tuberculosis Surveillance System (NTSS), a total of 7,860 tuberculosis cases were reported in the 50 United States and the District of Columbia (DC), in 2021. The national incidence of reported tuberculosis cases (cases per 100,000 people) increased by 9.4% in 2021 as compared to 2020. In addition, as per the same source, the increase in tuberculosis cases among the population in 2021 was due to the delayed diagnosis of cases in persons with symptom onset during 2020. Also, in 2021, some of the countries with the highest number of tuberculosis cases were California (1,750), Texas (991), Florida (499), Pennsylvania (166), Ohio (149), and Arizona (129). Thus, the growing burden of tuberculosis among the population is expected to raise the demand for better diagnostic tests which is expected to increase the market growth over the forecast period.
In addition, the rising healthcare spending in the region is expected to increase the company's activities for developing advanced treatments, thereby propelling the market growth. For instance, according to the Organization for Economic Co-operation and Development (OECD), in June 2022, United States healthcare spending, in 2021 was 17.8% of the total GDP of the country. Additionally, as per the data published by the Centers for Medicare & Medicaid Services, in March 2022, titled 'CMS Office of the Actuary Releases 2021-2030 Projections of National Health Expenditures', it has been observed that the annual growth in national health spending is expected to average 5.1% over 2021-2030. In addition, the National Health Spending in 2020 was USD 4.1 trillion and it is projected to reach USD 6.8 trillion by 2030.
Therefore, the due to aforementioned factors the studied market is expected to increase over the forecast period.
