United States Esoteric Testing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

United States Esoteric Testing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Esoteric testing allows the analysis of rare substances or molecules that are not performed in a routine clinical lab. Many large commercial lab companies outsource complex tests to reference and esoteric testing labs. However, as technology continues to expand laboratory testing, tests that are considered esoteric today may become routine in just a few years. This is often the result of work performed by dedicated research and development scientists.

Recently due to the increasing geriatric population and other factors, the prevalence of chronic and infectious diseases has increased substantially. As a result, demand for specialized early disease diagnostics tests has increased. This has resulted in increased innovation and development in the esoteric testing for diagnostic purposes. These factors have hence helped the growth of the market.

However, the high price of the diagnostic procedure has limited the growth of the market

Key Market TrendsInfectious Diseases Testing is expected to dominate the market.

Infectious diseases are caused by pathogenic microorganisms, such as bacteria, viruses, parasites or fungi; the diseases can be spread, directly or indirectly, from one person to another. Zoonotic diseases are infectious diseases of animals that can cause disease when transmitted to humans.

Recently, the cases of certain infectious diseases in the United States have increased. For instance, the reported cases of hepatitis A viral infection was reported to be 3,365 in 2017, which is higher as compared to 1,670 cases reported in 2010. Similarly, the reported cases of hepatitis C viral infection increased from 849 in 2010 to 4,225 in 2017. An increase in infectious diseases is expected to boost the esoteric testing market in the United States.

Competitive Landscape

United States is a developed country. It encourages innovation, research and development. Moreover, the adoption rate of newer technologies is also high in the US. As result, the US not only enjoys the presence of global players, but also many domestic companies have been very competitive in the market.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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