Global Parasitology Identification Market – Industry Trends and Forecast to 2028

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August 30, 2022

Market Analysis and Insights: Global Parasitology Identification Market

Parasitology identification market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.5% in the forecast period of 2021 to 2028 and is expected to reach USD 5,441.78 million by 2028 from USD 3,642.00 million in 2020. Increasing prevalence of parasitic and infectious diseases in both developed and developing countries, caused rise in parasitology Identification, which is a key driver of the market for global parasitology identification market.

Parasitic diagnosis classically requires isolation of parasite with culture, parasite expansion and its subsequent sequence testing. Wide spread infection caused by different pathogen types classified as protozoan, helminths and ectoparasites rise a major concern about requirement of advanced tools for parasitic strain identification. Since years many traditional identification methods have been employed for parasitic strain identification, also new advanced methods which are more accurate and sensitive have been deployed in diagnostic laboratories. Advanced techniques such as MALDI- TOF MS, Rapid Diagnostic tests and others are considered for effective and accurate diagnosis of parasitic strain.

The most widely used parasitology identification methods are fecal identification, immunological techniques, morphological Identification, molecular techniques, rapid diagnostic tests (RDTS), MALDI-TOF MS, and others. Rising testing rate of parasitic infections and increasing awareness initiative by federal bodies worldwide, increasing use of smartphones for parasitic identification, and trending technology advancements are expected to drive growth in the Parasitology Identification industry.

In both developed and developing countries, demand for the parasitology identification market has increased and the reason behind this is the rise in strategic initiatives by global players in parasitology identification worldwide for improving healthcare system. The Parasitology Identification market is growing due to technology advancements in rapid diagnostic tools to identify and tackle parasitic and infectious disease increase growth of parasitology identification and rising disposable income. The market will grow in the forecasted period due to the exploration of emerging markets, a strategic initiative to promote parasitology identification.

The parasitology identification market report provides details of market share, new developments, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

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