Press release
Rising Concerns over GAS Pharyngitis Propels Diagnostic Market Growth
The Global GAS Pharyngitis Diagnostics Market has witnessed a significant surge in attention due to the alarming rise in deaths attributed to chronic rheumatic heart disease. GAS pharyngitis, caused by group A beta-hemolytic streptococcus, stands as a primary contributor to streptococcal pharyngitis among both adults and children. The urgency for accurate diagnosis has intensified, with a noticeable escalation in emergency ward admissions globally.
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Challenges in ensuring precise, efficient, and accessible diagnostics have been a major hurdle for companies operating in the GAS pharyngitis diagnostics market. However, concerted efforts, including new training programs, government support, and promising outcomes from research and development endeavors, are anticipated to drive significant momentum in the coming years. By the end of 2027, the global GAS pharyngitis diagnostics market is projected to reach a value of approximately US$ 204 million.
Rapid Test Kits Pave the Way Forward; Culture Tests Adapt
The adoption of antibiotics for treating bacterial pharyngitis is dwindling due to the escalation in antimicrobial resistance, underscoring the pressing need for accurate diagnostics. While culture tests remain the gold standard, their prolonged turnaround time has fueled the emergence of rapid tests. These tests, leveraging immunoassays and molecular assays, promise faster diagnostics and aid in curbing inappropriate antibiotic use.
Primary drivers for the escalating demand for rapid tests include their speed and efficacy in preventing antibiotic misuse. Despite the dominance of rapid test kits, culture tests will continue to find relevance, particularly in antimicrobial susceptibility testing. Market players are increasingly investing in research and development endeavors to enhance the accuracy and cost-effectiveness of rapid tests.
Market Players Pivot towards Novel Assays for Expedited Results
Enhancing the accuracy and speed of diagnostic procedures remains a focal point for companies in the GAS pharyngitis diagnostics market. Several key players, including Quidel Corporation and Abbott, are actively pursuing FDA approvals for new assays and healthcare products. With advancements in assay development, diagnostic results can be obtained swiftly, catering to both outpatient and inpatient settings.
Market Outlook and Recommendations
The global GAS pharyngitis diagnostics market is poised to grow at a CAGR of 2.5% during the forecast period, driven by increasing patient numbers and robust research and development activities. While culture tests will continue to hold significance, rapid test kits are expected to maintain higher demand. Market stakeholders are advised to continue investing in research and development and prioritize FDA approvals for new assays to capitalize on market opportunities.
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Download sample PDF copy of report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=76521&utm_source=OpenPR_Ajay&utm_medium=OpenPR
Challenges in ensuring precise, efficient, and accessible diagnostics have been a major hurdle for companies operating in the GAS pharyngitis diagnostics market. However, concerted efforts, including new training programs, government support, and promising outcomes from research and development endeavors, are anticipated to drive significant momentum in the coming years. By the end of 2027, the global GAS pharyngitis diagnostics market is projected to reach a value of approximately US$ 204 million.
Rapid Test Kits Pave the Way Forward; Culture Tests Adapt
The adoption of antibiotics for treating bacterial pharyngitis is dwindling due to the escalation in antimicrobial resistance, underscoring the pressing need for accurate diagnostics. While culture tests remain the gold standard, their prolonged turnaround time has fueled the emergence of rapid tests. These tests, leveraging immunoassays and molecular assays, promise faster diagnostics and aid in curbing inappropriate antibiotic use.
Primary drivers for the escalating demand for rapid tests include their speed and efficacy in preventing antibiotic misuse. Despite the dominance of rapid test kits, culture tests will continue to find relevance, particularly in antimicrobial susceptibility testing. Market players are increasingly investing in research and development endeavors to enhance the accuracy and cost-effectiveness of rapid tests.
Market Players Pivot towards Novel Assays for Expedited Results
Enhancing the accuracy and speed of diagnostic procedures remains a focal point for companies in the GAS pharyngitis diagnostics market. Several key players, including Quidel Corporation and Abbott, are actively pursuing FDA approvals for new assays and healthcare products. With advancements in assay development, diagnostic results can be obtained swiftly, catering to both outpatient and inpatient settings.
Market Outlook and Recommendations
The global GAS pharyngitis diagnostics market is poised to grow at a CAGR of 2.5% during the forecast period, driven by increasing patient numbers and robust research and development activities. While culture tests will continue to hold significance, rapid test kits are expected to maintain higher demand. Market stakeholders are advised to continue investing in research and development and prioritize FDA approvals for new assays to capitalize on market opportunities.
Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=76521<ype=S&utm_source=OpenPR_Ajay&utm_medium=OpenPR
Have a Look at More Valuable Insights of Healthcare
Orthopedic Fracture Repairing Implants for Osteoporosis Market
https://www.globenewswire.com/en/news-release/2022/08/05/2493366/0/en/Orthopedic-Fracture-Repairing-Implants-for-Osteoporosis-Market-to-Attracts-Profitable-Prospects-due-to-Rising-Number-of-Road-Accidents-and-Bone-related-Disorders-Notes-TMR-Review.html
Collagen Dressings Market
https://www.globenewswire.com/en/news-release/2022/08/04/2492408/0/en/Collagen-Dressings-Market-Expands-with-Rising-Demand-for-Animal-based-Wound-Care-Dressings-Globally-States-TMR-Study.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
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