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

Market Overview:

Shigella test kit is used for the qualitative and quantitative detection of Shigella bacterial infection from stool samples. Shigella is a genus of bacteria that causes shigellosis, which is a type of intestinal infection. The bacteria are transmitted through the faecal-oral route due to exposure to contaminated food or water and poor hygiene. Shigella test kits provide easy diagnosis of Shigella infection within a short period of time without requiring specialized equipment.

Market key trends:

The Shigella test kit market is expected to witness significant growth due to increasing prevalence of foodborne illnesses. According to the World Health Organization (WHO), in 2015, 600 million people fell ill after eating contaminated food, and 420,000 died as a result. Rise in consumption of fast food, increasing global travel & trade, lack of potable water, poor sanitation and hygiene are some of the key factors leading to increased cases of foodborne diseases caused by Shigella bacteria. Besides this, growing geriatric population is also contributing to higher infections as immune response declines with age. Development of rapid diagnostics tests with improved sensitivity and specificity is further expected to support growth of the Shigella test kits market over the forecast period.

Porter’s Analysis

Threat of new entrants: The shigella test kit market has moderate barriers of entry in terms of capital requirements and established customers. However, several new entrants with strong distribution networks may pose a threat to existing players.

Bargaining power of buyers: The bargaining power of buyers is moderate in this market. Buyers have moderate differentiation between products affecting their buying power.

Bargaining power of suppliers: Suppliers have moderate bargaining power due to the availability of substitutes in the market.

Threat of new substitutes: Alternative diagnostic methods like culture-based tests provide a moderate threat of substitution.

Competitive rivalry: The market witnesses high competitive rivalry due to established key players.

SWOT Analysis

Strength: The shigella test kit market exhibits high growth potential owing to the increasing prevalence of shigellosis. Rapid diagnostic kits offer convenience and better accuracy.

Weakness: Commercialization of new products requires huge capital investments and regulatory approvals. Lack of awareness in developing regions.

Opportunity: Growing public health awareness drives the demand. Favorable government support for infectious disease control presents opportunities.

Threats: Pricing pressures from local players and stringent regulations associated with new products approvals.

Key Takeaways

The global Shigella Test Kit Market is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing prevalence of shigellosis across the world. The market size for 2023 is US$ 106.4 Mn. North America dominates the market currently owing to advanced healthcare infrastructure and high awareness.

Regional analysis: Asia Pacific is projected to witness the fastest growth during the forecast period due to improving healthcare infrastructure and increasing spending on infectious disease control. Rising population makes it highly prone to infectious diseases.

Key players operating in the Shigella Test Kit market are 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., CTK Biotech Inc. These players are focusing on new product launches and geographic expansions to gain more revenue shares.

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