Market Trends of United States Esoteric Testing Industry
This section covers the major market trends shaping the US Esoteric Testing Market according to our research experts:
Infectious Diseases Testing Segment is Expected to Hold a Significant Market Share Over the Forecast Period
Infectious diseases are caused by pathogenic microorganisms, such as bacteria, viruses, parasites, or fungi. Diseases can be spread, directly or indirectly, from one person to another. Zoonotic diseases are infectious diseases of animals that can cause disease when transmitted to humans. Recently, the cases of certain infectious diseases in the United States have increased. For instance, as per the Department of Health and Human Services Report published in 2021, in 2020, 30,635 people received an HIV diagnosis in the United States and its dependent areas. An increase in infectious diseases is expected to boost the esoteric testing market in the United States.
Furthermore, new research and development, technological breakthroughs, and the introduction of technologically upgraded items by key rivals are expected to fuel market growth. Altona Diagnostics released one in-vitro diagnostic test in April 2021 that recognizes and measures the human immunodeficiency virus (HIV) specific RNA in human plasma. It uses real-time RT-PCR technology. The 1.5 AltoStar HIV RT-PCR Kit was the name of the test. Thus, all the aforementioned factors are expected to boost segment growth over the forecast period.
Chemiluminescence Immunoassay Segment is Expected to Hold a Significant Market Share Over the Forecast Period
Chemiluminescence (CL) is described as the discharge of electromagnetic radiation owing to the production of light by a chemical reaction. Chemiluminescence immunoassay (CLIA) is an assay incorporating the technique of chemiluminescence with immunochemical reactions. The segment's growth is driven by the rising prevalence of chronic diseases and product launches by the market players.
As per the CDC (Centers for Disease Control and Prevention) data updated in February 2022, coronary artery disease, ischemic heart disease, or history of myocardial infarction accounted for 7.2% of emergency room visits currently, and the data updated in January 2022 by the CDC shows that the number of visits to emergency departments with stroke as the primary diagnosis was 432,000 in the previous year. Thus, the significant burden of chronic diseases in the United States is expected to rise in demand for esoteric testing and thereby boost segment growth.
In addition, according to the American Academy of Dermatology Association, more than 1 million Americans are living with melanoma. In the United States, 197,700 new cases of melanoma will be diagnosed in 2022, with 97,920 non-invasive (in situ) and 99,780 invasive cases. Melanoma claims the lives of over 20 Americans every day. Melanoma is anticipated to kill 7,650 people in 2022, with 5,080 males and 2,570 females dying. Thus, the increasing prevalence and burden of chronic diseases in the country demand effective diagnosis and treatment methods, resulting in increased use of CLIA methods. This is expected to contribute to the growth of the market.
The approval and introduction of new products will likely drive segment growth throughout the forecast period. For instance, in May 2021, the US Food and Drug Administration gave emergency permission to Inova Diagnostics' QUANTA Flash SARSCoV2 IgG for use in the BIOFLASH Random Access Chemiluminescent Analyzer. Thus, all the aforesaid factors, such as the growing burden of chronic diseases and product approval, are expected to boost segment growth over the forecast period.
