In a recent published report, Kenneth Research has updated the market report for Bio-Terror & Infectious Disease Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Bio-Terror & Infectious Disease Market products.
Events of the recent decade confirm that the threats of bio-terrorism and infectious disease outbreaks are real. Attacks such as the 2001 Anthrax scare, the 2004 Ricin letters and the 2003 SARS and 2009 H1N1 outbreaks have driven governments to increase their bio-surveillance budgets. Public healthcare and HLS agencies’ urgent need to establish an early and reliable bio-surveillance detection infrastructure will drive the market onto a much higher trajectory than ever before. We forecast that the cumulative 2012-2016 market (including: systems sale, consumables, upgrades and service) will reach $22.8 billion.
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The recent year that saw the seventh review round of the Biological and Toxic Weapons Convention, demonstrated that demand for biosecurity remains high. As developed countries continue to refine their organizational and technological approach to potential bio-terror and disease outbreak threats, many key emerging markets are also ramping up programs to acquire solutions that provide early outbreak-attack detection. These will require the shortening of bio-attack alarm response time and the proliferation of 3rd generation cost-effective bio-detection technologies and reagent-less detection assays.
In contrast to the U.S. colossal spending of $67 billion on biodefense programs during the 2001-2011 period, the U.S. bipartisan WMD Terror Response Center report card (September 2011) graded the world’s leading “U.S. bio-detection and attribution programs” as the Achilles heel of the U.S. BioWatch program. It received a score ranging from “meets minimal expectations” to a catastrophic “fails to meet expectations” (see table above). It stated that “Although naturally occurring disease remains a serious threat, a thinking enemy armed with these same pathogens, or with multi drug resistant or synthetically engineered pathogens could produce catastrophic consequences”.
Over the next five years, we forecast that, led by the U.S., Germany, France, China, Japan and India, the global bio-detection market (including systems sale, service, upgrades and consumables) will reach $5.6 billion by 2016.
With 355 pages, 95 tables and 146 figures, this report represents a landmark bio-detection technologies and market picture.
Developed using HSRC’s tested market research methodology, the report delves into:
76 bio-detection sub-markets
34 leading bio-detection technology vendors
Regional markets: e.g., USA, UK, Germany, France, Italy, Spain, China, Taiwan, Japan, India, Middle East
Global bio-detection market segmented by systems sales and upgrade, service & consumables segments
Global market by first, second and third generation technology
Global market by indoor, outdoor, hand-held and mobile labs segments
Current and pipeline technologies: e.g., advanced collectors-concentrators, reagent-less triggers, DNA-based diagnostics, antigen/anti-body methods, signal analysis algorithms
Business opportunities: e.g., emerging threats, human and animal sentinel surveillance, reagent-less detection assays, bio-detection IC3 systems
Competitive and SWOT analyses
45 key bio detection products pricing data
And much more…
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