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COMPANIES have LEVERAGED TECHNOLOGICAL ADVANCEMENTS to MANUFACTURE DIAGNOSTIC PRODUCTS


 

According to the World Health Organization, there is a great disparity in the life expectancy rate in low-income countries than in high-income countries, such as Australia, Canada, U.S., and U.K., among others. In 2016, life expectancy was 18.1 years lower in low-income countries (62.7 years) than in high-income countries (80.8 years). In low-income countries, on an average, fewer than 3 out of 5 newborns are expected to reach 70 years, and more than one-third of total deaths are among children younger than 15 years. These premature deaths are mainly due to lower respiratory infections, gastro-intestinal infections, acquired immunodeficiency syndrome (AIDS), malaria, and premature birth complications.

Among the various prevailing chronic diseases, cancer is the second-leading cause of deaths after cardiovascular disorders, globally, which accounts for an estimated 9.6 million deaths in 2018. Other than cancer, infectious diseases, such as HIV/AIDS, Tuberculosis, Malaria, and HPV are also responsible for the increasing death rates, especially in developing countries. In 2018, HIV accounted for 770,000 deaths globally, and more than 1.7 million people were newly infected. In 2018, there were an estimated 228 million cases of malaria worldwide.

View BIS Report on Digital PCR Market

Further, private and public companies in the market have leveraged technological advancements to manufacture rapid diagnostic testing products, offering high efficiency and specificity, leading to a massive scope for product commercialization and adoption. Collectively, these instances have changed the scope of digital PCR-based solutions, shaping it up into an inseparable part of healthcare protocols due to its miniaturized form and high-throughput analysis of target nucleic acids at reduced cost and time. Even though the industry is at an initial stage, increased focus on research for the development of products by the established players in the industry for expanding digital-PCR is expanding the market.

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