Selective Expansion To Contribute For Discreteness Of The Rapid Influenza Diagnostic Tests Market

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Rapid Influenza Diagnostic Tests Market
Report Id  PMRREP31040 Category Life Science
Healthcare
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Selective Expansion To Contribute For
Discreteness Of The Rapid Influenza Diagnostic
Tests Market

• Diagnosis of infectious diseases such as
  influenza is seeing a sea change owing to
  technological innovations and development of
  next-generation molecular tests such as Nuclear
  Acid Amplification Tests (NAATs) and advanced
  immunoassays. The global rapid influenza
  diagnostic tests market size will witness robust
  expansion at over 8 CAGR during the forecast
  period (2019 2029).
• Conventional immunoassays tend to be limited by
  their sensitivity and specificity, a shortcoming
  expected to be overcome through product
  innovation by key molecular diagnostics
  companies. Quidel and BD integrated electronic
  readers with immunoassays, to increase test
  sensitivity without switching to other expensive
  detection devices.

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Strategic Expansion Strategies of Leading Players
Shaping Market
Prominent molecular diagnostics vendors are
focusing on establishing long-term supply
relationships with diagnostic centers and other
testing facilities. They are emphasizing more on
increasing their sales force and entering into
strategic partnerships with local suppliers and
distributors to expand product reach. For
instance, Cardinal Health collaborated with
Qiagen to distribute the companys molecular
diagnostic products to smaller and mid-sized U.S.
hospitals. According to the American Hospital
Association, there are around 5,000 community
hospitals in the U.S., and this share is
anticipated to grow exponentially due to
substantial growth projections for players in the
rapid influenza diagnostic tests
market. Moreover, the rapid influenza diagnostic
tests market is expected to witness significant
growth, which is attributed to a robust pipeline
of innovative products.
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