The market is estimated to grow with a CAGR of 5. 2% from 2020-2027. The growth of the market is attributed to some key driving factors such as increasing prevalence of tuberculosis and government initiatives to promote tuberculosis detection.
New York, May 20, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Latent TB Detection Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Test ; End User and Geography" - https://www.reportlinker.com/p06010067/?utm_source=GNW
However, multidrug resistant tuberculosis (MDR-TB) is likely to hamper the growth of the market to a certain extent.
The patient of latent TB does not show any kind of symptoms even when they are infected by M. tuberculosis. Also, the person suffering from latent TB does not spread the disease. Majorly, tuberculin skin test or TB blood test are recommended for the diagnosis of latent TB infection.
Countries in Asia Pacific and South and Central America are emerging as attractive outsourcing locations for tuberculosis diagnosis.Asian economies, such as India, Indonesia, and China, are among the highest-affected countries with TB.
This drives the need for appropriate and advanced diagnostics for TB in these countries.According to the BMJ Medicine, Southeast Asia continues to battle TB as one of the most severe health challenges and does not have sufficient resources for latent TB detection, treatment, and medication facilities.
This provides market players with opportunities to build their sustainable bases in these regions and tap the unexplored opportunities.
Low manufacturing and operating costs in China and India offer lucrative opportunities for the growth of diagnostic and therapeutic in the region.Recent growth in the biopharmaceutical industry in both China and India indicates positive future outlook for the market under study.
Moreover, the growing domestic market and its advancement of novel technologies are opening up new avenues for contract manufacturers and diagnostic test manufacturers for latent TB detection in APAC.
Based on test, the latent TB detection market was segmented into Tuberculin Skin Test (TST) and Interferon Gamma Released Assay (IGRA).In 2019, the Interferon Gamma Released Assay (IGRA) segment accounted for the highest share in the market and is likely to retain its dominant share.
Also, the similar segment is expected to witness fastest growth in the market owing to the accuracy obtained through these tests.The IGRA test has numerous advantages over the TST of not needing the patient to return for test result evaluation.
Current IGRAs do not cross-react with most non-TB mycobacteria, including Bacille Calmette-Guerin (BCG) strains.
The COVID-19 pandemic was first reported in December 2019 in Wuhan (China).The COVID-19 pandemic has threatened the national TB programs worldwide.
The WHO have also notified that pandemic is threatening to reverse global progress against tuberculosis. The COVID-19 response has affected multiple sectors of public health, recommended preventive screening, and clinical care around the globe.
The Centers for Disease Control and Prevention (CDC), World Health Organization (WHO), European Union (EU), Organization for Economic Co-operation and Development, United States Agency for International Development (USAID), Ministry of Health and Prevention, US Food and Drug Administration (FDA), and Japan TB Surveillance System are a few of the prime secondary sources referred to while preparing this report.
Read the full report: https://www.reportlinker.com/p06010067/?utm_source=GNW
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