Neglected Tropical Diseases Diagnosis Market - Forecast(2023 - 2028)

Report Code: HCR 42929 Report Format: PDF + Excel

Neglected Tropical Diseases Diagnosis Market Overview

Neglected Tropical Diseases Diagnosis Market size is estimated to reach $7.9 billion by 2026, growing at a CAGR of 4.1% during the forecast period 2021-2026. Neglected tropical diseases (NTDs) are virus, bacterial and parasitic infections that are common in low-income populations and affect poor populations around the world. Owing to the chronic existence of the pathogens, these untreated tropical diseases are also associated with high levels of morbidity. 

NTDs are found in settings with fragile health care systems with weak laboratory infrastructure and specific point-of-care testing services are needed. Rise in the adoption of point-of-care testing services at home healthcare, growing demand for rapid diagnostic tests for the treatment of lymphatic filariasis, and increasing continuous efforts by the healthcare companies to develop less complicated disease diagnostic platforms are the factors that are set to drive the growth of the Neglected Tropical Diseases Diagnosis Market for the period 2021-2026.

Neglected Tropical Diseases Diagnosis Market Report Coverage

The report: Neglected Tropical Diseases Diagnosis Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Neglected Tropical Diseases Diagnosis Market.

By Disease: Dengue, Chikungunya, Rabies, Lymphatic Filariasis, Buruli Ulcer, Foodborne Trematodiases, Echinococcosis, Leprosy, and Others.
By Method: Conventional Method and Molecular Method.
By Service Type: Centralized Service and Point-of-care Testing (POCT).
By End User: Hospitals and Clinics, Home Healthcare, Clinical Laboratories, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).

Key Takeaways

  • Geographically, North America Neglected Tropical Diseases Diagnosis Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the growing demand for rapid diagnostic tests for the treatment of lymphatic filariasis.
  • The rise in the adoption of point-of-care testing for dengue virus detection in developed nations is driving the Dengue segment. However, the high cost for diagnosis of neglected tropical diseases and their research and development activities is one of the major factors that is said to reduce the growth of the Neglected Tropical Diseases Diagnosis Market.
  • Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Neglected Tropical Diseases Diagnosis Market report.

Neglected Tropical Diseases Diagnosis Market: Market Share (%) By End User, 2020

For More Details on This Report - Request for Sample

Neglected Tropical Diseases Diagnosis Market Segment Analysis-By Disease

The Neglected Tropical Diseases Diagnosis Market based on the Disease can be further segmented into Dengue, Chikungunya, Rabies, Lymphatic Filariasis, Buruli Ulcer, Foodborne Trematodiases, Echinococcosis, Leprosy, and Others. The Dengue segment held the largest share in 2020 owing to the factors such as growing continuous efforts by the healthcare companies to develop and commercialize less complicated disease diagnostic platforms and rise in the availability of diagnostic kits for dengue virus detection. 

The rise in the adoption of point-of-care testing for dengue virus detection in developed nations is driving the growth of the Neglected Tropical Diseases Diagnosis Market. The Lymphatic Filariasis segment is estimated to be the fastest growing segment with a CAGR of 5.8% over the period 2021-2026. This growth is owing to the factors such as the growing demand for rapid diagnostic tests to detect the antigen of the major species of filarial worm in human blood and the rise in the prevalence of lymphatic system disorders across the world.

Neglected Tropical Diseases Diagnosis Market Segment Analysis-By End User

The Neglected Tropical Diseases Diagnosis Market based on the End User can be further segmented into Hospitals and Clinics, Home Healthcare, Clinical Laboratories, and Others. The Clinical Laboratories segment held the largest share in 2020 owing to the factors such as rise in the presence of number of laboratories across the world and the growing availability of advanced equipment in clinical laboratories.

The rise in the research and development activities on lymphatic filariasis owing to the rise in the prevalence of lymphatic system disorders is driving the growth of the Neglected Tropical Diseases Diagnosis Market. The Home Healthcare segment is estimated to be the fastest growing segment with a CAGR of 5.3% over the period 2021-2026. This growth is owing to the factors such as the growing adoption of point-of-care testing services at home healthcare and the rise in awareness about the benefits of diagnosis at home healthcare among patients in developing nations.

Neglected Tropical Diseases Diagnosis Market Segment Analysis-By Geography

North America held the largest share with 29% of the overall market in 2020. The growth in this segment is owing to the factors such as rise in the adoption of point-of-care testing services at home healthcare and the growing implementation of robust diagnostic methods. The increasing demand for rapid diagnostic tests for the treatment of lymphatic filariasis is driving the growth of the Neglected Tropical Diseases Diagnosis Market. Asia-Pacific segment is estimated to be the fastest growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as rise in the availability of diagnostic kits for dengue virus detection and increasing continuous efforts by the healthcare companies to develop less complicated disease diagnostic platforms.

Neglected Tropical Diseases Diagnosis Market Drivers

Increase in the Adoption of Point-of-Care Testing Services

Point-of-care (POC) testing services are increasingly being used as diagnostic tools for the prompt diagnosis for neglected tropical diseases at POC settings owing to its cost-effectiveness and user-friendliness. Point-of-care (POC) testing services have the ability to provide rapid actionable information for patient care during an encounter with the health care system, which is further propelling the growth of the Neglected Tropical Diseases Diagnosis Market.

Rise in the Prevalence of Lymphatic Filariasis

The rise in the number of lymphatic system disorders across the world and the growing prevalence of elephantiasis have increased the prevalence of lymphatic filariasis. The World Health Organization (WHO) is increasing its awareness campaigns for the treatment of lymphatic filariasis. The rapid diagnostic tests are also increasingly being adopted for the treatment of lymphatic filariasis across the world, which is one of the major factors driving the growth of the Neglected Tropical Diseases Diagnosis Market.

Neglected Tropical Diseases Diagnosis Market Challenges

High Cost of Neglected Tropical Diseases Diagnosis

The government of several nations and organizations are increasing their initiatives to enhance awareness among people about various tropical diseases and to increase the consumer’s inclination towards rapid diagnostic tests for the treatment of these diseases. However, the high cost for diagnosis of neglected tropical diseases and their research and development activities is one of the major factors that is estimated to reduce the growth of the Neglected Tropical Diseases Diagnosis Market.

Neglected Tropical Diseases Diagnosis Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Neglected Tropical Diseases Diagnosis Market. Key companies of this market are F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc, InBios International Inc, Omega Diagnostics Group, Oscar Medicare Pvt Ltd, EUROIMMUN, Novartis AG, Grifols, ZeptoMetrix, and DiaSys Diagnostic Systems GmbH among others.

Acquisitions/Product Launches:

In March 2021, EUROIMMUN has launched the EUROPatternTM Microscope Live (EPML) compact immunofluorescence microscope for state-of-the-art diagnostics for the treatment of Echinococcosis and to enhance the quality and efficiency of indirect immunofluorescence testing.

In January 2021, Novartis AG has entered into a partnership with World Health Organization (WHO) to donate multidrug therapy (MDT) medicines to treat leprosy and to focus on deploying additional tools for the treatment of leprosy.

In April 2020, Grifols has launched a new 3-mL vial for high-potency HyperRAB, a potency formulation of rabies immunoglobulin that provides storage efficiencies for hospital pharmacies and decreases the number of smaller vials for the treatment for rabies postexposure prophylaxis.

Relevant Reports:

Point-of-Care/Rapid Diagnostics Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2021 - 2026

Report Code: HCR 40147

Dengue Virus Diagnostic Tests Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: HCR 92228

For more Lifesciences and Healthcare Market reports, please click here

1. Neglected Tropical Diseases Diagnosis Market - Overview
    1.1 Definitions and Scope
2. Neglected Tropical Diseases Diagnosis Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Disease
    2.3 Key trends by End User
    2.4 Key trends by Geography
3. Neglected Tropical Diseases Diagnosis Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Neglected Tropical Diseases Diagnosis Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Neglected Tropical Diseases Diagnosis Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Neglected Tropical Diseases Diagnosis Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Neglected Tropical Diseases Diagnosis Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Neglected Tropical Diseases Diagnosis Market – By Disease(Market Size –$Million/$Billion)
    8.1 Dengue
    8.2 Chikungunya
    8.3 Rabies
    8.4 Lymphatic Filariasis
    8.5 Buruli Ulcer
    8.6 Foodborne Trematodiases
    8.7 Echinococcosis
    8.8 Leprosy
    8.9 Others
9. Neglected Tropical Diseases Diagnosis Market – By Method(Market Size –$Million/$Billion)
    9.1 Conventional Method
    9.2 Molecular Method
10. Neglected Tropical Diseases Diagnosis Market – By Service Type(Market Size –$Million/$Billion)
    10.1 Centralized Service
    10.2 Point-of-care Testing (POCT)
11. Neglected Tropical Diseases Diagnosis Market – By End User(Market Size –$Million/$Billion)
    11.1 Hospitals and Clinics
    11.2 Home Healthcare
    11.3 Clinical Laboratories
    11.4 Others
12. Neglected Tropical Diseases Diagnosis Market - By Geography(Market Size –$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Mexico
        12.1.3 Canada
    12.2 Europe
        12.2.1 U.K.
        12.2.2 France
        12.2.3 Germany
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.6 Rest of Asia Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. Neglected Tropical Diseases Diagnosis Market - Entropy
14. Neglected Tropical Diseases Diagnosis Market – Industry/Segment Competition Landscape Premium
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Countries – Key Companies
        14.1.4 Best Practices for Companies
15. Neglected Tropical Diseases Diagnosis Market – Key Company List by Country Premium Premium
16. Neglected Tropical Diseases Diagnosis Market Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Competitive Landscape Market 2019-2024 ($M)
1.1 List Of Companies Market 2019-2024 ($M) - Global Industry Research
1.2 Market Participation Categorization Market 2019-2024 ($M) - Global Industry Research
2.Global Competitive Landscape Market 2019-2024 (Volume/Units)
2.1 List Of Companies Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Market Participation Categorization Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Competitive Landscape Market 2019-2024 ($M)
3.1 List Of Companies Market 2019-2024 ($M) - Regional Industry Research
3.2 Market Participation Categorization Market 2019-2024 ($M) - Regional Industry Research
4.South America Competitive Landscape Market 2019-2024 ($M)
4.1 List Of Companies Market 2019-2024 ($M) - Regional Industry Research
4.2 Market Participation Categorization Market 2019-2024 ($M) - Regional Industry Research
5.Europe Competitive Landscape Market 2019-2024 ($M)
5.1 List Of Companies Market 2019-2024 ($M) - Regional Industry Research
5.2 Market Participation Categorization Market 2019-2024 ($M) - Regional Industry Research
6.APAC Competitive Landscape Market 2019-2024 ($M)
6.1 List Of Companies Market 2019-2024 ($M) - Regional Industry Research
6.2 Market Participation Categorization Market 2019-2024 ($M) - Regional Industry Research
7.MENA Competitive Landscape Market 2019-2024 ($M)
7.1 List Of Companies Market 2019-2024 ($M) - Regional Industry Research
7.2 Market Participation Categorization Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
2.Canada Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
3.Mexico Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
4.Brazil Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
5.Argentina Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
6.Peru Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
7.Colombia Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
8.Chile Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
9.Rest of South America Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
10.UK Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
11.Germany Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
12.France Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
13.Italy Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
14.Spain Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
15.Rest of Europe Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
16.China Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
17.India Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
18.Japan Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
19.South Korea Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
20.South Africa Neglected Tropical Diseases Diagnosis Market Revenue, 2019-2024 ($M)
21.North America Neglected Tropical Diseases Diagnosis By Application
22.South America Neglected Tropical Diseases Diagnosis By Application
23.Europe Neglected Tropical Diseases Diagnosis By Application
24.APAC Neglected Tropical Diseases Diagnosis By Application
25.MENA Neglected Tropical Diseases Diagnosis By Application