HIV Diagnostics Market Technology Growth, Application over Globe and Key Players Like Siemens Healthineers, Merck, Sysmex Partec, PointCare Technologies, Alere, Qiagen, Apogee Flow Systems, Cepheid, Roche Diagnostics, Hologic, Beckman Coulter Biomedical,
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 UNAIDS?s 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.
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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.
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.
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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.
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.
The Key Objectives of The Report Are as Follows:
• Define, Analyze and Forecast HIV Diagnostics Market by Product Applications, Key Players and Region.
Forecast the Market Size with Varied Segments Concerning Main Regions
• Give Elaborated Data Regarding the Foremost Factors (Opportunities, Drivers, Restraints, And Industry-Specific Challenges) Influencing the Expansion of HIV Diagnostics Market.
• Analyze the Industry with Relation to Individual Growth Trends, Prospects and Contributions to The Whole HIV Diagnostics Market.
• Analyze Opportunities Within the Marketplace for Varied Stakeholders by Distinguishing the High-Growth Segments of HIV Diagnostics Market.
• Profile the Key Players and Comprehensively Analyses Their Market Position in Terms of Ranking and Core Competencies Together with The Competitive Landscape.
• Analyze Competitive Developments, Like Partnerships and Joint Ventures, New Product Developments, Expansions, And Development in HIV Diagnostics Market.
Key Points Covered in The HIV Diagnostics Market Research Reports:
• Industry Overview: Definition, Brief Introduction of Major Classifications, Applications, Major Regions.
• Production Market Analysis: HIV Diagnostics Market Capacity, Production, Capacity Utilization Rate, Ex-Factory Price, Revenue, Cost, Gross and Gross Margin Analysis, Major Manufacturers Performance and Market Share, Regional Market Performance and Market Share.
• Sales Market Analysis: Sales Volume, Sales Price and Sales Revenue Analysis, Regional Sales Market Analysis.
• Consumption Market Analysis: Consumption Volume Analysis, Regional Consumption Market Analysis, Regional Market Performance and Market Share.
• Production, Sales and Consumption Market Comparison Analysis: By Regional HIV Diagnostics Market Performance and Market Share.
• Major Manufacturers Production and Sales Market Comparison Analysis: and Regional Major Manufacturers Production and Sales Market Comparison Analysis.
Scope of HIV Diagnostics Market by Region:
• North America (USA, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
The Questions Briefly Answered in HIV Diagnostics Market Report:
• What is The Worldwide Production, Consumption, Consumption Price, Import and Export of HIV Diagnostics?
• Who Are the Worldwide Key Manufacturers of HIV Diagnostics Market However Are Their In-Operation Scenario (Capacity, Production, Price, Cost, Gross and Revenue)?
• The Market Share of Every Type and Application of HIV Diagnostics?
• What Are the Upstream Raw Materials and What is The Producing Method of HIV Diagnostics?
• Economic Impact on HIV Diagnostics Trade and Development Trend of HIV Diagnostics Industry?
• What Will Be the HIV Diagnostics Market Size and Therefore the Rate of Growth Be In 2025?
• What Are the Key Market Trends Impacting the Expansion of The HIV Diagnostics Industry?
• What Are the HIV Diagnostics Market Challenges to Stimulate Growth?
• What Are the HIV Diagnostics Market Opportunities and Threats by The Vendors Within Market?
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