Cryptococcal Antigen Lateral Flow Assay Test Market Share

Middle East and Africa Market Forecast

Cryptococcal antigen lateral flow assay test market in the Middle East and Africa is expected to hold a share of 34% during the forecast period. The high prevalence of HIV/AIDS in the region has led to an increase in the incidence of cryptococcal infections, which in turn has increased demand for diagnostic tests. Inadequate laboratory facilities and a dearth of healthcare workers are two issues that many nations in the region confront as a result of their weak healthcare infrastructure. International organizations are consequently making significant investments in these regions' healthcare infrastructure, which is propelling the market's expansion.

North American Market Statistics

North American cryptococcal antigen lateral flow assay test market is poised to grow majorly with a share of 28% by the end of 2036. The region boasts a firmly established healthcare network, complete with clinical laboratories outfitted with diagnostic testing capabilities. Furthermore, biotechnology companies actively create novel diagnostic tools, and the regional government makes significant investments in research and development. For instance, the amount invested in medical and health research and development (R&D) in the United States (U.S.) in 2020 was USD 245.1 billion, an increase of 11.1% over 2019. Additionally, the market expansion in this region is being supported by the rising need for lateral flow assays that are simple to use in a variety of healthcare settings.