Global Shigella Test Kit Market Is Estimated To Witness High Growth Owing To Increasing Awareness about Foodborne Illnesses

 

The global Shigella Test Kit Market is estimated to be valued at US$ 106.4 million in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Shigella test kits are diagnostic tools used to detect and identify the presence of the Shigella bacteria in stool samples. Shigella is a pathogenic bacterium that causes severe diarrheal diseases, and its detection is crucial for timely treatment and prevention of its spread. Shigella test kits offer several advantages, including rapid and accurate results, easy-to-use procedures, and cost-effectiveness. With the increasing prevalence of foodborne illnesses caused by Shigella bacteria, the demand for Shigella test kits is expected to rise significantly.

Market Key Trends:

One key trend driving the growth of the Shigella Test Kit Market is increasing awareness about foodborne illnesses. Governments and healthcare organizations worldwide are focusing on creating awareness about the risks associated with contaminated food and water. This has led to an increased demand for diagnostic tools such as Shigella test kits to identify and control foodborne diseases. For example, in 2019, the World Health Organization (WHO) launched a global strategy to reduce the burden of foodborne diseases, emphasizing the need for effective diagnostics.

PEST Analysis:

PEST Analysis for the Shigella Test Kit Market includes:

1. Political: Government regulations and policies regarding food safety and disease control affect the adoption of Shigella test kits. Stringent regulations for food manufacturers and healthcare facilities drive the demand for reliable diagnostic tools.

2. Economic: Increasing healthcare expenditure and rising awareness about food safety contribute to the growth of the Shigella test kit market. Economic stability and purchasing power also influence market growth.

3. Social: Growing concern about food safety among consumers and healthcare professionals drives the demand for Shigella test kits. The increasing prevalence of foodborne diseases and the need for prompt diagnosis fuel market growth.

4. Technological: Advancements in diagnostic technologies, such as polymerase chain reaction (PCR) and enzyme-linked immunosorbent assays (ELISA), have improved the accuracy and efficiency of Shigella test kits. Technological advancements play a significant role in driving market growth.

Key Takeaways:

- The global Shigella Test Kit Market is expected to witness high growth, exhibiting a CAGR of 5.9% over the forecast period, due to increasing awareness about foodborne illnesses.

- In terms of regional analysis, North America is anticipated to be the fastest-growing and dominating region in the market. The presence of major key players, well-established healthcare infrastructure, and strict food safety regulations contribute to the region's market growth.

- Key players operating in the global Shigella Test Kit Market include Thermo Fisher Scientific Inc., Meridian Bioscience Inc., QIAGEN N.V., Bio-Rad Laboratories Inc., Creative Diagnostics, Hardy Diagnostics, Luminex Corporation, DiaSorin S.p.A., Sekisui Diagnostics LLC, BioMérieux SA, MP Biomedicals LLC, Coris BioConcept, Alere Inc., Fujirebio Diagnostics Inc., and CTK Biotech Inc. These players focus on product development, strategic collaborations, and mergers and acquisitions to strengthen their market position.

In conclusion, the global Shigella Test Kit Market is poised to experience significant growth due to increasing awareness about foodborne illnesses and the need for accurate diagnostic tools. Governments' initiatives and investments in food safety and disease control further contribute to the market's expansion. North America is expected to dominate the market, while key players continue to innovate and collaborate to stay competitive in the market.