Develop Business Strategies by Understanding the Trends Shaping and Driving the Global HIV Diagnosis Market, Key Company Siemens AG, Roche, Danaher Corporation, Abbott Laboratories, Ltd., Thermo-Fisher Scientific Inc

According to a new market research report “Global HIV Diagnosis Market Size, Share, Development, Growth and Demand Forecast to 2023 - Industry Insight by Product (Consumables, Instruments and Software & Services), by Type of Test (Antibody Test, Viral Load, CD4, Early Infant Diagnosis and Viral Identification), by End User (Diagnostic Laboratories, Hospitals, Research Institutes and Others)” published by P&S Intelligence, the global HIV diagnosis market is expected to grow at a CAGR of 10.6%, during 2017 - 2023.
Browse Report Description at: https://www.psmarketresearch.com/market-analysis/hiv-diagnosis-market
According to the study, the global HIV diagnosis market is likely to grow significantly during the forecast period, due to rising prevalence of HIV/AIDS, growing awareness leading to high number of blood donations and blood transfusions, and advantageous features of point of care instruments and kits. In addition, rising healthcare expenditure on HIV and related activities further contributes to the growth of the overall market. High cost of automated HIV diagnosis procedures and lack of skilled professionals are some of the key factors restraining the growth of global HIV diagnosis market.

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The healthcare expenditure for the purpose of alleviating the potential epidemic situation of HIV, has increased over the past few years in many low and middle income as well as developing countries. According to the data published by UNAIDS, $19.0 billion was spent on the HIV and AIDS related activities in low- and middle-income countries in 2015, of which 57% came from domestic budgets of the governments of these countries. Considering the increasing incidence of HIV, the UNAIDS estimated that approximately $26.2 billion will be required to respond to the epidemic of HIV infection expected in 2020 and around $23.9 billion will be required for the same, in 2030. The variation in healthcare spending across regions is thought to be related to the relative burden of the disease in that region, which in case of Sub-Saharan Africa is significantly high. The overall healthcare spending on HIV and related activities has increased over the years, which in turn is expected to drive the growth of the global HIV diagnosis market.

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Some of the key players in the HIV diagnosis market include Siemens AG, F. Hoffman La Roche Ltd., Danaher Corporation, Abbott Laboratories, Ltd., Thermo-Fisher Scientific Inc., Merck KGaA, Becton, Dickinson & Company, Alere Inc., Bio-Rad Laboratories and Hologic Inc.

GLOBAL HIV DIAGNOSIS MARKET SEGMENTATION
By Product
• Consumables
o Assays, Kits & Reagents
o Others
• Instruments
• Software and Services
By Type of Test
• Antibody Test
o HIV-1 Screening Test
 Elisa
 Rapid Test
 Home Access Dried Blood Spot
o HIV-1 Antibody Confirmatory Test
 Western Blot
 Indirect Immune Fluorescent Antibody Assays (IFA)
 Line Immunoassays (LIA)
 Radio-Immunoprecipitation Assays (RIPA)
o HIV-2 & Group O Test
• Viral Load
• CD4
• Early Infant Diagnosis
• Viral Identification
By End User
• Diagnostic Laboratories
• Hospitals
• Research Institutes
• Others
By Geography
• North America
o The U.S.
o Canada
• Europe
o The U.K.
o Germany
o France
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East and Africa

About P&S Intelligence
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This release was published on openPR.