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Influenza, also known as flu, is an infectious disease caused by an influenza virus. Diagnosis of the influenza virus is possible through conventional and modern methods using different diagnostic techniques. Influenza Diagnostics include viral culture, serology, rapid antigen testing, reverse transcription polymerase chain reaction (RT-PCR), immunofluorescence, and rapid molecular assays. Increasing prevalence of chronic ailments such as lung disease, and others is leading to the increased influenza infection rate among the patient population.
Additionally, the growing geriatric population is accelerating the chances of higher rates of influenza flu among the population. According to an analysis by World Health Organization, the elderly population is at higher risk of getting infected from influenza flu and therefore must be vaccinated first to prevent the fast spread of influenza flu.
Moreover, increasing prevalence of influenza flu has also shifted the key players’ focus on the advancement of these influenza diagnostic kits, contributing to the rising adoption and growth of the market. Thus, the key players have started focusing on the introduction of advanced rapid antigen kits that quickly differentiates between SARS COV-2 and Influenza A and B viruses.
The COVID-19 pandemic has negatively impacted the influenza diagnostics market. COVID-19 has severely impacted the market across the world due to the disruption of supply chain, inadequate funding to research and academic institutions, and others.
On the other hand, due to large similarities in COVID-19 and influenza flu such as seasonal flu, contagious nature and same occurrence, many clinicians prescribed COVID-19 test instead of influenza flu and that led to the decreased diagnosis of influenza test during the pandemic.
Based on the test type, the market is bifurcated into molecular assays, antigen detection tests and others. Amongst these, the antigen detection tests holds the dominant position in the market due to increasing diagnosis for influenza among patient population. Moreover, the rapid influenza diagnostic test consumes less time and are cost-effective leading to their increased adoption among the patient population. This, along with increasing FDA approvals for the rapid influenza diagnostic tests is also leading to the growth of the segment in the market.
On the other hand, molecular assays is anticipated to register a significant CAGR. This is attributed to key players focusing on the advancement in reverse transcription PCR. Also, the advantage of RT-PCR technique to distinguish between different strains of influenza virus and between influenza virus and COVID-19 is leading to the growth of the segment in the market. The growth is also due to the rising demand for influenza testing kits owing to the increasing prevalence of influenza worldwide
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North America market holds the largest share in the market due to increased government initiatives to support the adoption of influenza diagnostic tests among the patient population. Additionally the increasing prevalence of influenza is leading to the increasing demand for influenza diagnostic tests. This is further increasing the adoption of these advanced kits among the patient population. This huge demand and adoption is enabling the key players to invest in research and development activities with an aim to meet the demand supply gap and supporting the growth of the market.
On the other hand, Asia Pacific is anticipated to register a significant CAGR. This is attributed to the rising inorganic strategies such as collaborations and mergers among the major key players to expand the influenza test portfolio in the Asia Pacific market. This along with development in healthcare infrastructure and rising initiatives for the awareness regarding the influenza disease have been instrumental for the growing adoption of diagnostics devices in this region.
The report will include the profiles of key players such as Abbott, F. Hoffmann-La Roche Ltd, BD, bioMérieux SA, Quidel Corporation, Sekisui Diagnostics, GenMark Diagnostics, Inc., and Meridian Bioscience, Hologic, Inc.
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