HIV Diagnostics Market to Witness Robust Expansion Throughout the Forecast Period 2018 – 2024
Category: #health  By Partha Ray  Date: 2019-08-06
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HIV Diagnostics Market to Witness Robust Expansion Throughout the Forecast Period 2018 – 2024

MarketStudyReport.com Adds New HIV Diagnostics Market 2018 – 2024 research report providing information and data By Product, Industry Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast spreading across 180 Pages with table and figures in it.

U.S. HIV diagnostics market held the largest revenue in North America valued at USD 876.8 in 2017 and will grow significantly over the forecast timeline. Growth is attributable to increasing prevalence of HIV infection in the country coupled with high awareness among people regarding HIV diagnosis and treatment. Moreover, strong foothold of key industry players in the U.S., and regulatory support coupled with high healthcare expenditure will favor HIV diagnostics business growth.

Some of the players operating in HIV diagnostics market are Siemens Healthineers, Merck, Sysmex Partec, PointCare Technologies, Alere, Qiagen, Apogee Flow Systems, Cepheid, Roche Diagnostics, Hologic, Beckman Coulter Biomedical, ChemBio Diagnostics, Abbott, Biomerieux and BD Biosciences. Prime focus of the industry players is on inorganic strategies including acquisitions, merger, partnership and new product launch to strengthen their existing product portfolio and maintain market position.

 

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HIV Diagnostics Market will exceed USD 5 billion by 2024; as per a new research report. Growing prevalence of HIV across the globe will drive HIV diagnostics industry growth during the forecast period. According to the UNAIDSs data in 2017, more than 35 million people across the world, were living with HIV. Additionally, about 1.8 million new cases were diagnosed with HIV infection in 2017. This will surge the demand for HIV diagnostics thereby positively influencing the business growth. Favorable regulatory scenario coupled with fair reimbursement for HIV diagnostics will further spur HIV diagnostics market in the coming years.

Moreover, HIV point of care test (POCT) used to provide quick results and approved for screening will accelerate industry growth. Improved access to HIV tests and associated diagnostics will increase adoption of POCT during forthcoming years. Growing need to combine these technologies efficiently and cost-effectively into existing laboratory networks and clinical algorithms will favor HIV diagnostics business growth. However, low penetration of HIV diagnostics in under-developed or poorly resourced countries due to limited access to lifesaving treatments may impede the industry growth in the foreseeable future.

Antibody tests segment accounted for more than 33% revenue share in 2017 and is expected to show considerable growth over forecast period. The growth is attributable to rising incidences of HIV infection across the globe. Availability of several antibody tests such as rapid and home tests for early HIV detection will further increase its adoption over the coming years. Rising awareness among people regarding regular blood tests and increasing prevalence of HIV symptoms will favor business growth.

Viral load testing segment is projected to experience lucrative CAGR of 9.2% over the forecast period. Growing need for early detection of HIV infection and monitoring treatment progress will fuel viral load testing market growth. Growing technological advancements such as branched DNA (bDNA), nucleic acid sequence-based amplification assay (NASBA) and reverse transcription polymerase chain reaction (RT-PCR) to determine blood HIV viral load will augment the segment growth.

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South Africa HIV diagnostics market is estimated to grow at a lucrative CAGR of 8.8% during the analysis period. High prevalence of AIDS in South African population will offer several growth opportunities for business growth. According to the UNAIDS, more than 7 million people were living with HIV infection in 2017. Initiatives undertaken by various government and non-governmental organizations to create awareness and increase HIV diagnosis in the country will further accelerate industry growth.

Table of content:

Chapter 1.  Methodology

Chapter 2.  Executive Summary

Chapter 3.  HIV Diagnostics Industry Insights

Chapter 4.  HIV Diagnostics Market, By Product

Chapter 5.  HIV Diagnostics Market, By Region

 Chapter 6.  Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/hiv-diagnostics-market      

Related Report:

Global HIV Diagnostics Market Size, Status and Forecast 2025

This report studies the global HIV Diagnostics market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global HIV Diagnostics market by companies, region, type and end-use industry.

https://www.marketstudyreport.com/reports/global-hiv-diagnostics-market-size-status-and-forecast-2025?utm_source=RR-PSR

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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