The global Fungal Testing Kits Market is anticipated to increase significantly between 2022 and 2030, with a 10.4% CAGR, reaching an estimated market value of about US$ 1.55 Billion in 2022. According to Future Market Insights’ predictions, diagnostic laboratories will retain a sizeable market share of more than 51.8% in 2021.
The growing prevalence of superficial and systemic fungal infections has posed a significant challenge to healthcare providers across the world. The increasing prevalence of fungal infections of the skin, vagina, and blood has prompted vendors to concentrate on developing swift and advanced molecular diagnostics in recent years.
Techniques such as real-time testing have led to the massive proliferation of the fungal testing kits market, with technologies such as loop mediated isothermal amplification coming to the forefront. Molecular diagnostic-based tests have immensely assisted in administering timely treatment to severely infected patients, thereby reducing fatalities.
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Fungal Testing Kits Market- Key Takeaways
- Widening expenditure on healthcare infrastructure to uplift demand across Asia-Pacific
- Molecular detection tests to tower over others, reaching US$ 1.6 Bn by 2030
- Skin samples are anticipated to capture the lion’s share, accounting for over 40% of the market
- Medical diagnosis to remain core application area, generating an attractiveness index of 2.8
“Sustained focus on incorporating technological advancements to improve diagnostic outcomes remains the core objective of fungal testing kits manufacturers, enabling them to widen their revenue pools,” infers the FMI analyst.
Competitive Intelligence
Prominent players include:
- Biomed Diagnostics, Inc.
- Bioquochem
- C.P.M. Diagnostic Research SAS
- ELITech Group
- ADT Biotech
- Cole-Parmer India Pvt. Ltd.
- PerkinElmer
- GenMark Diagnostics, Inc.
- Norgen Biotek
- PCRmax
- Merck KGaA
- Thermofisher Scientfic
In May 2019, Thermo Fisher Scientific announced the acquisition of Brammer Bio, a leader in viral vector manufacturing for gene and cell therapies for US$ 1.7 billion. The acquisition has helped the former enhance its laboratory products and services portfolio.
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In 2018, PerkinElmer Inc. announced development of the Quasar C-18 used to compare Clotrimazole HPLC analysis. In February 2020, GenMark Diagnostics Inc. published a pipeline study detailing the effectiveness of a PCR-based digital microfluidics and electrochemical detection system for rapid identification of 15 fungal pathogens.
Yeast testing kits are diagnostic tools designed to identify the presence of fungi in various types of samples, including environmental samples, food, and clinical specimens. These kits typically use different methods to detect fungal organisms, such as DNA-based techniques, immunoassays, and culture-based methods.
More Insights on the Fungal Testing Kits Market
Future market Insights offer a unique perspective and actionable insights on fungal testing kits market in its latest study, presenting historical demand assessment from 2015 – 2019 and projections from 2020–2030 based on test type (Molecular test, chromogenic test and others), by sample type (Skin, urine , vaginal secretions, blood, cerebral and others), by application (Research, Susceptibility Testing, Medical Diagnosis and others) by End user (Diagnostic Laboratory, Hospitals, Pharmaceutical Companies, Research and Academic Institutes) in seven key regions.
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Key Market Segments Covered In Fungal Testing Kits Industry Research
By Test Type:
- Molecular Test
- Chromogenic Test
- Others
By Sample Type:
- Skin
- Urine
- Vaginal secretions
- Blood
- Cerebral
- Others
By Application:
- Research
- Susceptibility Testing
- Medical Diagnosis
- Others
By End User:
- Diagnostic Laboratory
- Hospitals
- Pharmaceutical Companies
- Research and Academic Institutes
Explore FMI’s Extensive ongoing Coverage in Healthcare Domain:
- https://www-network-aus-au.mn.co/posts/teeth-whitening-market-is-anticipated-to-grow-as-a-result-of-an-increase-in-cosmetic-dentistry
- https://bpa-mastery.mn.co/posts/33127733
- https://marketresearch89.wordpress.com/2023/03/01/teeth-whitening-market-is-anticipated-to-grow-as-a-result-of-an-increase-in-cosmetic-dentistry/
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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