United States Tuberculosis (TB) Diagnostics Market Size, Share, and COVID-19 Impact Analysis, By Type (Culture-Based Diagnostics, Sputum Smear Microscopy, Rapid Molecular Diagnostics, and Others), By End-User (Diagnostics Laboratories and Hospitals), and US Tuberculosis (TB) Diagnostics Market Insights, Industry Trend, Forecasts to 2033

Industry: Healthcare

RELEASE DATE Oct 2024
REPORT ID SI6692
PAGES 199
REPORT FORMAT PathSoft

United States Tuberculosis (TB) Diagnostics Market Insights Forecasts to 2033

  • The U.S. Tuberculosis (TB) Diagnostics Market Size was valued at USD 574.3 Million in 2023.
  • The Market is Growing at a CAGR of 5.27% from 2023 to 2033
  • The U.S. Tuberculosis (TB) Diagnostics Market Size is Expected to Reach USD 959.92 Million by 2033

United States Tuberculosis (TB) Diagnostics Market

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The U.S. Tuberculosis (TB) Diagnostics Market Size is Anticipated to Exceed USD 959.92 Million by 2033, Growing at a CAGR of 5.27% from 2023 to 2033.

 

Market Overview

Tuberculosis is an infection-causing disease, courtesy of a type of bacteria called Mycobacterium tuberculosis. The disease mostly attacks the patient's lungs, but other parts of the body can also be attacked, such as the brain and spine. Tuberculosis infection can be detected through tests such as skin tests and blood tests. Increased cases of this disease have heightened the need for effective and reliable tests to curb its spread. This factor is expected to majorly increase the demand for tuberculosis diagnostics in the coming years. TB incidences are rising, with an increased awareness about the disease. Demand for tuberculosis diagnostics is also on the rise for controlling the disease burden. The tuberculosis diagnostics market players have also been focusing much on the approval and commercialization of their products for TB diagnoses, thus driving the growth of the market.

 

Report Coverage

This research report categorizes the market for the US tuberculosis (TB) diagnostics market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States tuberculosis (TB) diagnostics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.S. tuberculosis (TB) diagnostics market.

 

United States Tuberculosis (TB) Diagnostics Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 574.3 Million
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :5.27%
2033 Value Projection:USD 959.92 Million
Historical Data for:2019-2022
No. of Pages:199
Tables, Charts & Figures:101
Segments covered:By Type, By End-User, and COVID-19 Impact Analysis.
Companies covered::F. Hoffmann-La Roche Ltd., bioMérieux SA, QIAGEN, BD, Cepheid (Danaher), Thermo Fisher Scientific Inc., Abbott, Hologic Inc, and other key vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

Governments have strengthened the policies regarding the diagnosis of tuberculosis so that the burden of the disease can be reduced. Demand for diagnosis is likely to increase in the next few years because the levels of awareness amongst people regarding the severity of the disease are rising significantly. Factors such as a high prevalence of tuberculosis in high-burden and growing demand for TB testing further increase the demand for government policies and regulations regarding the enhancement of tuberculosis diagnosis rates. Moreover, the rising awareness in the high TB burden where the main objective is to reduce tuberculosis cases will highly boost the sales of tuberculosis diagnostics in the coming years.

 

Restraining Factors

Despite a critical and increasing need for advanced diagnostics technologies for these diseases, there are a few limitations that may hamper the market growth over the forecast period. For example, technical complexities associated with tuberculosis diagnostics can act as a major restraining factor for the market during the forecast period.

 

Market Segmentation

The US tuberculosis (TB) diagnostics market share is classified into type and end-user.

  • The rapid molecular diagnostics segment is expected to hold a significant market share through the forecast period.

The United States tuberculosis (TB) diagnostics market is segmented, by type into culture-based diagnostics, sputum smear microscopy, rapid molecular diagnostics, and others. Among these, the rapid molecular diagnostics segment is expected to hold a significant market share through the forecast period. Such high-speed molecular diagnostics with efficiency and accuracy in the diagnosis of TB are showing growth in this segment. Moreover, new product launches into the rapid molecular diagnostics segment are also expected to contribute to the growth of the same during the forecast period.

 

  • The diagnostics laboratories segment is expected to dominate the US tuberculosis (TB) diagnostics market during the projected period.

Based on the end-user, the United States tuberculosis (TB) diagnostics market is divided into diagnostics laboratories and hospitals. Among these, the diagnostics laboratories segment is expected to dominate the US tuberculosis (TB) diagnostics market during the projected period. The growth of this segment is highly influenced by the strong presence of diagnostic laboratories across the country. The segment is also witnessing growth apart from this because the diagnosis of TB is increasingly being carried out in diagnostic laboratories.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States tuberculosis (TB) diagnostics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • F. Hoffmann-La Roche Ltd.
  • bioMérieux SA
  • QIAGEN
  • BD
  • Cepheid (Danaher)
  • Thermo Fisher Scientific Inc.
  • Abbott
  • Hologic Inc
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In March 2022, Thermo Fisher Scientific Inc. Launched the SeqStudio Flex Series Genetic Analyzer. The device is capable of identifying infectious diseases, including tuberculosis.

 

Market Segment

This study forecasts revenue at U.S., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States tuberculosis (TB) diagnostics market based on the below-mentioned segments:

 

United States Tuberculosis (TB) Diagnostics Market, By Type

  • Culture-based Diagnostics
  • Sputum Smear Microscopy
  • Rapid Molecular Diagnostics
  • Others

 

United States Tuberculosis (TB) Diagnostics Market, By End-User

  • Diagnostics Laboratories
  • Hospitals

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