Enteric Disease Testing Market
According to the GMI Research report, the Enteric Disease Testing Market is likely to encounter an yearly growth of 3.3% over the forecast period. High prevalence and rapid spread of enteric bacterial infections will drive the growth of the global enteric disease testing market.
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Enteric Disease Testing Market Dynamics
Poor sanitation and unhygienic food facility are raising the incidences of enteric diseases such as cholera and toxoplasmosis which has encourage the companies to shift from traditional to more advance treatments. This has propelled the growth of the global enteric disease testing market. For example, as per the United Nations High Commissioner for Refugees, extensive flooding and torrential rains across Yemen resulted in over 364,000 cases of cholera and 639 deaths. Due to the inadequate knowledge, poor laboratory settings and substandard economic conditions, the prevalence of eccentric diseases has increased. The inappropriate sanitation and drainage systems, toxic drinking water, and unhealthy living conditions have significantly raised the risk of enteric diseases. The rising awareness among the individuals regarding the advantages of prompt diagnosis is another factor inducing the Enteric Disease Testing market growth.
However, insufficient awareness about enteric disease in emerging economies will restrain the market growth. Further, the Enteric Disease Testing market size is also hampered because of the huge cost of equipment and experienced labour and the inescapable need for advanced laboratory conditions for clinical diagnostics.
Regional Drivers
Based on the regional analysis, the North America region is projected to lead the market with the highest share over the forecast period. This is due to the increasing awareness about healthy foods and nutrition. In addition to it, as per the Enteric Disease Testing market report, the increasing expenditure on healthcare in the US has also bolstered the market growth. For instance, the National Health Expenditure Accounts projects that in 2019; U.S. health care expenditure has expanded to 4.6 percent in 2019 and touched $3.8 trillion. Thus, this factor has elevated the market size. Moreover, the existence of key players in the region such as, Cepheid etc, have also bolstered the Enteric Disease Testing market share.
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