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Asia Pacific Infectious Disease Diagnostics Market Grows as Economies Boom and Countries Become Image Conscious Finds Frost & Sullivan - Increasing investments and focus on medical tourism expected to push revenues to $3,063.2 million by 2016 - Drugdiscovery.Frost.com
Asia Pacific Infectious Disease Diagnostics Market Grows as Economies Boom and Countries Become Image Conscious Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Singapore, Singapore, 2012/08/13 - Increasing investments and focus on medical tourism expected to push revenues to $3,063.2 million by 2016 - Drugdiscovery.Frost.com.

   
 
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The occurrence of infectious diseases - vector and blood borne - is high in Asia Pacific countries due to the tropical climate. While limited healthcare budgets had prevented most countries in the region from investing on diagnosis, treatment and elimination protocols, improving economies as well as funding and grants from international organizations have seen the adoption of earlier diagnosis and treatment strategies in recent years.

New analysis from Frost & Sullivan (drugdiscovery.frost.com), Asia Pacific Infectious Disease Diagnostics Market, expects the market to grow at 13.2 percent to reach revenues of $3,063.2 million by 2016. The study analyses the immunochemistry, molecular diagnostics and microbiology markets for the treatment of malaria, dengue, tuberculosis, HIV, hepatitis C, STI, influenza and pertussis.

As Asian countries position themselves as a popular medical tourism destination, the need to control incidences of infectious disease is considered a priority. Hence these countries are focusing on ways to improve diagnosis of diseases in high risk endemic areas.

"Vector borne diseases such as dengue and malaria were prevalent only in developing and emerging economies in Asia; however, blood borne diseases like HIV and Hepatitis are an issue in most of the Asia Pacific countries," says Frost & Sullivan Consultant Poornima Srinivasan. "Elimination strategies and national diagnosis policies focusing on microbiology testing and molecular testing are gaining grounds and these countries aim to be free from infectious disease by 2030."

The number of private hospitals and stand alone laboratories are expected to rise with ageing population and increased incidence of infectious disease. These factors drive the need for infectious disease diagnostic testing using sophisticated technologies.

Since the infectious disease diagnostics market is technology and price driven in most Asia Pacific countries, competitive pricing and relationship with distributors are the way forward for vendors in the market.

"Most countries are expected to adapt molecular diagnostic testing for blood borne infectious disease," opines Srinivasan. "It is likely that with huge research and development investments, multinational companies will continue to dominate the market after making an early entry in the molecular diagnostic segments for infectious diseases."

If you are interested in more information on this study, please send an e-mail with your contact details to Jessie Loh, Corporate Communications, at Jessie.loh[.]frost.com.

Asia Pacific Infectious Disease Diagnostics Market is part of the Clinical Diagnostics Growth Partnership Services program. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
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Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Asia Pacific Infectious Disease Diagnostics Market Grows as Economies Boom and Countries Become Image Conscious Finds Frost & Sullivan

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Contact: Donna Jeremiah / Jessie Loh 
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