Esoteric Testing Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The esoteric testing market is projected to experience a Compound Annual Growth Rate (CAGR) of 12.2% in the foreseeable future. During the COVID-19 crisis, the market faced notable challenges initially due to disruptions in supply chains and research for various drug projects. However, the adoption of esoteric testing methods in research and clinical trials has opened up substantial growth avenues for industry players. Although tests like flow cytometry initially saw a decrease in demand at the pandemic's onset, their significance surged later for assessing effective treatments and therapies, especially as the situation worsened. This trend is likely to persist, notably in evaluating the efficacy of COVID-19 vaccinations. For example, a specialized automated chemiluminescent immunoassay (CLIA) was developed to measure neutralizing antibody (NAb) levels for diagnosing SARS-CoV-2, determining treatments, and assessing vaccine effectiveness.


Additionally, the market's growth is being propelled by several factors, including the escalating cases of chronic, infectious, and rare diseases, alongside the expanding elderly population. The market is rapidly expanding due to the increased prevalence of chronic diseases and the development of tailored testing kits for specific therapeutic areas. According to a 2021 WHO report, it's projected that by 2030, one in every six individuals globally will be 60 years or older, with the number of people in this age group rising from 1 billion in 2020 to 1.4 billion by 2050. With the elderly population being more prone to genetic and chronic ailments, there will be a substantial surge in demand for esoteric tests in the coming years.

Read Full Market Report

Comments

Post a Comment

Popular posts from this blog

Shipping Containers Market Projected to Reach USD 12.77 Billion by 2030, Driven by E-commerce Growth and Cold-Chain Expansion

  Introduction   The global shipping containers market is experiencing steady growth, with projections indicating an increase from USD 10.27 billion in 2025 to USD 12.77 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.46%. According to Mordor Intelligence Shipping Containers Market Report , this expansion is primarily fueled by the surge in e-commerce activities, the need for efficient cold-chain solutions, and advancements in intermodal transportation.   Key Trends   E-commerce Fulfillment   The rapid growth of e-commerce has significantly impacted on the shipping containers market. The demand for faster and more efficient delivery systems has led to increased use of standardized containers, particularly 40-foot units, which accounted for 52.64% of the market share in 2024.   Cold-Chain Expansion   The pharmaceutical and food industries' need for temperature-controlled transportation has driven the demand for refrigerated c...
Read more

DATA CENTER POWER MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

  The IT industry requires on-premise private data storage and hyper-scale data centres for its operations, depending on the size of the organization. Additionally, the adoption of cloud storage has increased over the years due to growth among SaaS providers, enabling cloud storage providers to expand their capacities. Hence, the increasing data load requires more power. This creates a requirement for efficient power solutions in IT applications. According to the Data Center Survey recently published by Vertiv, 98% of the participants voted for IT utilization to be above 20% by 2025. This indicates that IT companies are focusing on deploying an efficient power source for their data centres and increasing their utilization rate. Cloud storage providers, like AWS, Microsoft, and Google, are expanding their storage capabilities to offer more efficient workflows in the cloud. These companies are making investments in hyperscale deals. For instance, in June last year, Amazon Web Service...
Read more

Second Hand Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The Off-the-Shelf Second Hand Furniture Market is segmented into the distribution channel, which is further segmented into online and offline, out of which the offline segment, with a larger market share in 2021, is anticipated to have the largest share during the forecast period. However, with the rise of an increasing number of smartphone users and increasing penetration of internet users, the market share for the online segment is expected to grow at a higher rate over the forecast period. The Asia Pacific is expected to account for a larger share in terms of revenue during the forecast period. The increasing size of the online marketplace for second-hand goods is anticipated to drive the growth of the Asia Pacific regional market.  The Off-The-Shelf Second Hand Furniture Market size is estimated at USD 21.30 billion in 2023, and is expected to reach USD 29.28 billion by 2028, growing at a CAGR of 6.57% during the forecast period (2023-2028). The market is increasi...
Read more