Group A Streptococcus (GAS) is a type of gram-positive B-hemolytic Streptococcus bacteria. These bacteria are capable of causing a wide range of both non-invasive and invasive infections. GAS infection might spread through direct contact with skin sores or mucus of a infected person. Despite the emergence of wide range effective and safe antibiotics as a treatment regimen for GAS, infection caused by GAS is increasing significantly across the world. However, with the use of advance molecular diagnosis kits and technologies, the progression of the infections can be slowed down to a significantly, which will ultimately reduce the recovery time of the patient.  Currently, molecular diagnostic market for GAS NA test is a lucrative market venture due to high patient preference and increasing base of patients suffering from Streptococcal infections, which makes this industry a highly profitable and attractive market.
 
Some of the molecular diagnostic techniques generally used for group A Streptococcus (GAS) NA tests are as follows:
  • Rapid antigen testing techniques
  • Rapid chromatographic immunoassay testing techniques
  • In vitro diagnostic testing techniques
  • RT-PCR based techniques
In the geographical analysis, North America is the largest market for molecular diagnostic kits for group A Streptococcus tests owing to the high incidence rate of Streptococcal infections and diseases. According to the Centers for Disease Control and Prevention (CDC), each year, nearly 11,000 people suffer from invasive GAS infections and approximately 10 million people suffer from non-invasive GAS infections, in the U.S. 
 
However, other regions such as South East Asia, Latin America and Middle East are expected to be the promising markets in the near future. Owing to the rising disposable income among population and high adoption rate for advanced molecular diagnostics kits and technologies, these regions are expected to be the potential market in the near future.
 
The overall molecular diagnostic market for group A Streptococcus (GAS) NA tests is experiencing an admirable growth; due to the increasing incidence rate of group A Streptococcus infections, such as pharyngitis, tonsillitis and fever. Moreover, large base of patients affected from streptococcal infections including both geriatric population and youth is expected to drive the growth of various molecular diagnostic kits that are used for group A Streptococcus tests. It has also been estimated that, this market is shows potential to be a lucrative and expanding field due the increasing adoption rate for advanced diagnostic technologies and services. Expected technological breakthroughs will generate abundant opportunities for molecular diagnostic kits that could be used for detecting targeted Streptococcal bacteria, which causes the infections. For instance, Japan based Otsuka Pharmaceutical Co., Ltd. launched a rapid diagnostic test kit, \"QuickNavi Strep A\" for rapid detection of beta-hemolytic group A Streptococcus on 14 April 2014. 
 
However, rise in overall healthcare expenditure, stringent reimbursement policies and high development costs are some of the market-restraining factors that might hinder the growth of molecular diagnostic kits market for group A Streptococcus (GAS) NA tests in future.
 
Currently, the molecular diagnostic market for Group A Streptococcus (GAS) NA tests is a highly fragmented market owing to the involvement of many established and emerging players in the market. Some of the companies involved with development and commercialization of amplification and detection platforms for performing these tests are Abbott Laboratories, Applied Biosystems, Bio-Rad Laboratories, Inc., bioMérieux, Cepheid, Inc., Digene Corporation, Otsuka Pharmaceutical Co., Ltd., Qiagen, Roche Diagnostics Corporation, Siemens AG and Stratagene Corporation (Agilent Technologies Inc.)

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
  • Europe
  • 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.

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Molecular Diagnostic Market

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