Influenza, commonly known as flu, is a contagious respiratory ailment caused in humans by influenza virus A and influenza virus B. There are three types of influenza viruses, namely, A, B and C; of these, type A virus is the most virulent strain. Type A strains can infect humans as well as animals, while influenza type B viruses exclusively infect human. Type C viruses are less common and cause mild diseases in children. Influenza viruses are RNA viruses and have two large glycoproteins, namely hemagglutinin (HA) and neuraminidase (NA), which are targets for antibody detection devices. Flu usually spreads during seasonal epidemics, which brings about deaths of thousands of people every year and millions during pandemic outbreaks. According to a World Health Organization report, seasonal epidemics worldwide are responsible for 3-5 million cases of severe illness, leading to 250,000 to 500,000 deaths every year. Currently used Influenza detection devices are either class I devices or class II devices. Flu detection devices detect antigens using specific labeled antibody or they work on nucleic acid amplification principle. In the 20th century, three influenza pandemics were reported, each of these pandemic being brought on by new strains of viruses in humans. There are fifteen subtypes of influenza viruses, of which H1N1, H2N2, H3N2, H5N1, H7N7 and H1N2 strains outbreaks were reported by WHO. In April 2009, a new influenza strain called Influenza A/H1N1 or swine flu emerged that consolidated genes from human, pig and bird avian virus. The flu emerged in the U.S., Mexico, and several other nations.
Influenza is a contagious ailment and is easily communicable and thus, requires rapid and accurate diagnosis for infection control and patient management. Influenza is treated using three types of products namely, prevention products, treatment products and diagnostics products. Increasing prevalence of chronic diseases, rising government initiatives and growing consumer awareness about pandemic and seasonal epidemics are some of the driving factors of flu detector device market. Rising geriatric population and advancements in influenza diagnostics tests are factors supporting growth of the flu detector device market. However, high development cost of flu detection device is projected to restrain growth of flu detector device market in the near future.
The global flu detection device market is segmented on the basis of product type, disease indication, end users and region. On the basis of product type, the global flu detection device market can be further segmented into Rapid Influenza Detection Test (RIDT), Direct Fluorescence Antibody Tests (DSFA), Direct Fluorescence Antibody Test (DFA) and Point of Care Detection device. These flu detection device products fall under FDA’s Class I devices and Class II devices. Flu detection devices provide diagnosis on the basis of various techniques such as reverse transcription-PCR, ELISA, antibody binding, and electrospray ionization- mass spectrometry. On the basis of disease indication, flu detection device market is categorized into Influenza A, Influenza A/B and RSV virus detection. On the basis of end users, the market is segmented into hospitals, specialized clinics, diagnostic centers, research laboratories and contract research organizations.
Worldwide outbreak of seasonal and pandemic influenza ailments and emergence of novel influenza viruses is increasing risk to public health due to which, the rapid influenza detection test segment is expected to account for the largest share of the global flu detection device market. However, the FDA pointed out the poor performance of RIPD test during 2009 pandemic outbreak which is projected to restrain growth of this segment in flu detection device market to a certain extent. As per CDC estimations, around 60.8 million cases of H1N1 influenza were reported in the U.S. in 2009. Thus, on the basis of disease indication, Influenza A segment is expected to expand at a high CAGR over the forecast period.
The global flu detection device market is divided into five key regions, namely, North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. In terms of geography, North America is expected to account for major market share in the global flu detection device market. Asia and Europe also account for considerable market share in the flu detection device market and are expected to witness significant growth in the near future. Rapid growth of the market in these regions is attributed to increasing prevalence of chronic diseases and rising geriatric population.
Some of the key players in this market are Cepheid (U.S.), Roche Molecular Systems Inc. (U.S.), Becton, Dickinson and Company (U.S.), Alere (U.S.), Meridian Life Sciences (U.S.), Thermo Fisher Scientific Inc., Fast-track diagnostics Ltd., R-Biopharm AG, Sekisui Diagnostics, DiaSorin Molecular LLC., Maccura, and LifeSign PBM.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.