TUESDAY, SEPTEMBER 27, 2016

Tuberculosis testing market estimated to expand by 2020

TB testing market estimated to expand by 2020 | Courtesy of cdc.gov
Experts from Transparency Market Research have recently estimated that the worldwide tuberculosis (TB) testing market will reach $2,619.4 million (USD) by the year 2020.

The report, which is titled “Tuberculosis Testing Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014-2020,” shows that the worldwide tuberculosis testing market will continue to radically expand during the next few years.

According to data from the World Health Organization (WHO), there were nine million TB cases in 2013. As of today, TB is the second leading cause of death throughout the world. It is exceeded only by human immunodeficiency virus (HIV) in death rates.

TB has developed drug-resistant and potent strains that are increasingly difficult to treat. These strains are part of the reason that healthcare organizations are pushing for further treatments and diagnostic methods to stop the spread of TB.

The growing tuberculosis testing market is expanding thanks to better healthcare infrastructure, growing awareness of TB and the rising number of reported TB cases.

There have also been increased involvement from organizations like Foundation for Innovative New Diagnostics (FIND) and the WHO. These organizations have been working towards creating new tests for TB, which would also increase the tuberculosis testing market. Unfortunately, the high cost of TB testing procedures and specialty equipment may inhibit the market’s growth.

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