INFECTIOUS DISEASE THERAPEUTICS MARKET ANALYSIS

Regional Analysis

Infectious Disease Therapeutics Market - Regional Analysis

On the basis of region, global infectious disease therapeutics market is segmented into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. North America holds dominant position in infectious disease therapeutics market, followed by Europe. North America drive the infectious disease therapeutics market, owing to increasing research and development studies by various government and pharmaceutical organizations about infectious diseases and its diagnosis. Furthermore, high prevalence and awareness of infectious diseases among people, in turn opting for early detection, is expected to drive growth of infectious disease therapeutics market in this region. For instance, according to the Centers for Disease Control and Prevention (CDC), the U.S. reported around 26,203 cases of Lyme disease between 2006 and 2016. According to the same source, around 10,265 deaths were reported due to alcohol-impaired driving crashes in 2015, which accounted for around 29% of all traffic-related deaths in the U.S.

Asia Pacific is expected to witness fastest growth over the forecast period. Rising demand for efficient and quick diagnostic testing, increasing number of strategies adopted by market players to expand their geographical reach in this region, and engagement of government organizations in minimizing the disease burden are factors that are expected to drive market growth in Asia Pacific region. For instance, in March 2013, Qiagen N.V. launched its careHPV test in China. CareHPV is a molecular diagnostic test designed to screen for high risk human papillomavirus (HPV) at low-resource settings such as areas lacking electricity, water or laboratories. Qiagen also gained the approval from China's State Food and Drug Administration (SFDA) for the careHPV in 2012. Moreover, in March 2018, Government of India launched the TB Free India Campaign with an aim to completely eliminate tuberculosis (TB) by 2025.