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Global Hepatitis E Diagnostic Tests Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Hepatitis E Diagnostic Tests Market
Global hepatitis E diagnostic tests market was valued at US $ XX Mn in 2017 and expected to grow around 4.0% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Hepatitis E Diagnostic Tests Market
Hepatitis E is caused by hepatitis E virus (HEV). The virus is a single-stranded ribonucleic acid (RNA) genome. The virus has four genotypes. Genotypes 1 and 2 have been found only in humans. Genotype 3 and 4 viruses circulate in several animals without causing any disease and is rarely infect humans. Definitive diagnosis of hepatitis E infection is usually based on the detection of specific IgM antibodies to the virus in a person’s blood. The diagnosis of the hepatitis E is usually done by blood test or the stool test. Additional tests include reverse transcriptase polymerase chain reaction (RT-PCR) to detect the hepatitis E virus RNA in blood and/or stool.
Market Dynamics: Hepatitis E Diagnostic Tests Market
Increase in the prevalence of hepatitis E is the key factor attributing the growth of the Hepatitis E diagnostic tests market. According to the World Health Organization (WHO), approximately 20 million people suffer from Hepatitis E each year, out of which 3.3 million are symptomatic cases and 56 600 hepatitis E-related deaths. The diagnosis of this virus is usually done using various testing kits such as ELISA HEV IgM test kits, ELISA HEV IgG test kits, RT-PCR test kits, and the prevalence of the disease is expected to provide opportunity to the manufacturers. However, the limited awareness among the people regarding the disease is hampering the growth of hepatitis E diagnostic tests market. The high cost of the testing kits are likely to hider the growth of the market.
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Market Scope: Hepatitis E Diagnostic Tests Market
Hepatitis E diagnostic tests market is segmented based on the test type, product type, and end user
Based on the test type, the market is segmented into the following:
• RT-PCR Test
• ELISA HEV IgM Test
• ELISA HEV IgG Test
Based on the product type, the market is segmented into the following:
• Kits
• Reagents
Based on the end user, the market is segmented into the following:
• Diagnostic Laboratories
• Hospitals
• Others
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Regional Analysis: Hepatitis E Diagnostic Tests Market
Geographically, global hepatitis E diagnostic tests market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific hepatitis E diagnostic tests market is the dominant market. According to the World Health Organization (WHO), the prevalence of the disease is higher in East and South Asia. The disease is showing a prominent development in the areas where the hygienic conditions are poor and lack of sanitation. The lack of awareness among the people is anticipated to drive the growth of the hepatitis E diagnostic tests market. The incidence of the disease is more in the regions such as Nigeria, Kenya, Uganda, and Morocco. The North America and Europe hepatitis E diagnostic tests market are expected to witness sluggish growth rate over the forecasted period.
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Competition Assessment: Hepatitis E Diagnostic Tests Market
Some of the players in the global hepatitis E diagnostic tests market include:
• Fast-track diagnostics Ltd (Europe)
• Altana Diagnostics GmbH (Germany)
• Beijing Wantai Biological Pharmacy (China)
• Mikrogen GmBH (Germany)
• Hoffmann-La Roche Ltd (Switzerland)
• Biokit S.A (Spain)
• MP Biomedicals LLC (U.S)
• Fortress Diagnostics Ltd. (UK)
Notable Market Developments: Hepatitis E Diagnostic Tests Market
In July 2017, Johns Hopkins Bloomberg School of Public Health has developed a saliva test that nearly matches the performance of a blood test widely used to assess recent or past hepatitis E virus (HEV) infection
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