Europe Parasitology Identification Market – Industry Trends and Forecast to 2028

Market Analysis and Insights: Europe Parasitology Identification Market

Parasitology identification market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.1% in the forecast period of 2021 to 2028 and is expected to reach USD 1,190.01 million by 2028 increasing prevalence of parasitic and infectious diseases in European countries of the market for global parasitology identification market.

Parasitic diagnosis classically requires isolation of parasite with culture, parasite expansion and its subsequent sequence testing. Wide spread infection caused by different pathogen types classified as protozoan, helminths and ectoparasites rise a major concern about requirement of advanced tools for parasitic strain identification. Since years many traditional identification methods have been employed for parasitic strain identification, also new advanced methods which are more accurate and sensitive have been deployed in diagnostic laboratories.

Initiatives adopted by these organizations have enhanced the awareness level among patient population that helps them to understand the need of innovative diagnostic tools, thus signifies that rising government initiatives is acting as driver for the parasitology identification market growth. As the cost of parasite identification kits are too high, it restricts physicians and patients to accommodate high quality and effective solution, thus the high cost of instruments acts as restrain for the parasitology identification market growth. As the number of tests is increasing worldwide across several regions, the demand of diagnostic kits is also increasing, thus the increasing demand allows manufacturers to enhance the rapidity of diagnostic kits manufacturing process which is acting as an opportunity for the parasitology identification market growth. As people are not too much aware and concerned about the prevailing parasitic infections and its diagnosis procedure and innovative kits, it restricts them to achieve effective treatment at exact time, thus signifies that lack of awareness among people for parasite infection acts as challenge for the parasitology identification market growth.

The parasitology identification market report provides details of market share, new developments, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the parasitology identification market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Europe Parasitology Identification Market Scope and Market Size

The parasitology identification market is categorized into six notable segments which are based on the products, methods, pathogen type, sample, stool concentration and sample preparation and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of products, the parasitology identification market is segmented into consumables & accessories and devices. In 2021, consumables & accessories segment is dominating because they are crucial assets for parasitology identification and needed for various functions.
• On the basis of methods, the parasitology identification market is segmented into fecal identification, immunological techniques, morphological identification, molecular techniques, rapid diagnostic tests (RDTS), Maldi-TOF MS and others. In 2021, fecal identification segment is dominating because they constitute significant share in all kinds of parasitic identification.
• On the basis of pathogen type, the parasitology identification market is segmented into protozoan, helminths and ectoparasites. In 2021, protozoan segment is dominating as it has high prevalence rate in developed and developing countries.
• On the basis of sample, the parasitology identification market is segmented into feces, blood urine, serum & plasma and others. In 2021, feces segment dominates as most of the parasitic strains are identified from the sample type.
• On the basis of stool concentration and sample preparation, the parasitology identification market is segmented into concentration technique and unconcentration technique. In 2021, concentration technique segment dominates as they have more varying range of techniques as compared to unconcentration technique when it comes to identifying the parasitic strain for parasitology identification market.
• On the basis of end user, the parasitology identification market is segmented into diagnostic centers, hospitals, clinics and others. In 2021, diagnostic centers segment dominates as the segment is focused on parasitology identification and has good network distribution which increases the pace of parasitology identification.

Europe Parasitology Identification Market Country Level Analysis

Parasitology identification market is analysed and market size information is provided by the country, products, methods, pathogen type, sample, stool concentration and sample preparation and end user as referenced above.

The countries covered in the parasitology identification market report are the Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Belgium, Russia, turkey and Rest of Europe.

Europe is expected to grow with the CAGR in the forecasted periods as due to the growing GDP and healthcare expenditure. U.K. is expected to dominate in the market in the North America market. U.K. is one of the leading countries in parasitology identification with increasing number of research and development activities in parasitology field, trending diagnostic tool advancements among other factors.

The country section of the Europe parasitology identification market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Strategic Initiatives by Manufactures is Creating New Opportunities for Players in the Parasitology Identification Market

Europe parasitology identification market also provides you with detailed market analysis for every country growth in aesthetic industry with Parasitology Identification product sales, impact of advancement in the parasitology identification and changes in regulatory scenarios with their support for the Europe parasitology identification market. The data is available for historic period 2010 to 2019.

Competitive Landscape and Parasitology Identification Market Share Analysis

The parasitology identification market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to parasitology identification market.

The major companies providing parasitology identification are Abbott, Bio-Rad Laboratories, Inc., Bruker, Shimadzu Corporation, Thermo Fisher Scientific Inc., BD, Luminex Corporation, Meridian Bioscience, Inc., ORGENTEC Diagnostika GmbH, Quest Diagnostics Incorporated, bioMérieux SA, R-Biopharm AG, Institut Virion\Serion GmbH, VWR International, LLC (a subsidiary of Avantor, Inc.), Tecan Trading AG, Trinity Biotech and altona Diagnostics GmbH among others among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Many product and programme launch and agreement are also initiated by the companies’ worldwide which are also accelerating the parasitology identification market.

For instance,

• In August 2020, a malaria study was conducted in the Mpigi district using Abbott Laboratories' latest rapid diagnostic malaria kit and the normal test which is currently running in the market. Some breakthrough results came, the positivity rate was doubled in Abbott's rapid diagnostic test as compared to the normal one. With this, the company has enhanced its brand value in the market.
• In August 2018, Bruker announced the acquisition of German based company Hain life science GmbH. It’s a molecular diagnostic company. This will help in generating more revenue and Portfolio of the company and helped in serving more customers.

Collaboration, joint ventures and other strategies by the market player is enhancing the company market in the dandruff treatment market which also provides the benefit for organisation to improve their offering for parasitology identification market.

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