Title: Antibody Testing Market To Inch Towards Exponentiation At A CAGR Of 8% Between 2020-2030
1Antibody Testing Market
Report Id PMRREP31930 Category Life Science
Healthcare
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3Antibody Testing Market To Inch Towards
Exponentiation At A CAGR Of 8 Between 2020-2030
- The healthcare vertical, which has always been
one of the evolving ecosystems, is amongst the
most happening things as of now and the situation
is bound to continue in the forecast period as
well. One of those evolutions is
patient-centricity. In other words, it would be
the patients calling the shots now. This trend
has been entailed by the Antibody Testing Market. - Rapid diagnosis is crucial, and any delay can not
only worsen a patients condition but can also
result in unregulated spread of infection, as
seen with the COVID-19 pandemic. - The antibody testing market includes an extensive
portfolio of products catering to many
indications, such as cardiovascular disorders,
autoimmune diseases, and bacterial and viral
infectious diseases. Manufacturers not only offer
test kits for various indications, but also
provide choices for various types of antibody
test kits, such as serological test kits,
immunoglobulin assay kits, and lateral flow assay
kits. - As per Persistence Market Research, the global
antibody testing market will experience a healthy
CAGR of 8 during the forecast period
of 20202030.
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4Key Takeaways from Antibody Testing Market Study
- The serological test kit product segment is
expected to be the most lucrative segment in the
global antibody testing market by the end
of 2030. - By indication, the infectious diseases segment is
expected to grow 2.6 times from the
year 2020 to 2030. - In terms of end user, the diagnostic laboratories
segment is expected to hold 2/5 market share of
the entire global market value in the antibody
testing market. - Due to the COVID-19 outbreak, the infection
segment increased from 7 in year-on-year growth
in 2018 to 2019 to nearly 12 in 2020. - Countries such as China, India, and Brazil have
the potential to drive the future growth of the
antibody testing market, owing to the growing
burden of infectious and chronic diseases such as
diabetes across these regions. - Growing diseases outbreak due to changing
planetary dynamics and rising patient preference
for rapid diagnosis will spur the growth of the
antibody testing market over the coming
years, says a PMR analyst.
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