HIV Self-test Kits Market SWOT Analysis, Dynamics, Drivers, Key Indicators and Forecast 2027

Strategically Distributed HIV Self-test Kits Bolster HIV Screening Rate

At-home convenience of HIV self-testing is serving as an advantage for companies in the HIV self-test kits market in order to overcome the barriers that individuals face in testing performed at conventional healthcare settings. HIV self-test kits are acquiring popularity, owing to its growing awareness on social media and innovations in technology-based solutions. The introduction of mHealth (Mobile Health) and availability of various distribution modes are creating incremental opportunities for companies in the HIV self-test kits market.

HIV self-test kits are gaining prominence in the U.S. This is justified since North America dominates the market for HIV self-test kits and this market in the region is projected for exponential growth during the forecast period. Thus, healthcare companies are increasing efforts to reach at-risk individuals. A study published in the Journal of the American Medical Association suggested that strategically distributed HIV self-test kits have the potential to bolster HIV screening rates and encourage individuals to seek out treatment.

Report Overview: https://www.transparencymarketresearch.com/hiv-self-test-kits-market.html

Governments and Medical Device Companies Collaborate to Fuel Adoption of HIV Self-test Kits

Oral HIV self-test kits are gaining prominence among young adults. Social initiatives targeted to boost the uptake of oral HIV self-test kits act as a driver contributing to market growth. For instance, the Ministry of Health, Kampala launched a novel device OraQuick® HIV self-test, developed by OraSure Technologies-a Pennsylvania-based medical device company, to support the government's initiative to reduce HIV/AIDS infections by the end of 2020. As such, oral liquid specimen type segment of the HIV self-test kits market is anticipated for exponential growth. The global HIV self-test kits market is expected to expand at a staggering CAGR of ~17 during the forecast period.

As far as testing is concerned, companies in the HIV self-test kits market and governments have collaborated to encourage the adoption of HIV self-test kits in empowering citizens, especially men. Moreover, other at-risk individuals such as sex workers are also being targeted to take up HIV testing. Healthcare companies are increasing research to assess the prevalence of HIV among children who are at the risk of contracting the infection.

Companies Introduce New Testing Approaches in Oral and Urine Specimen Types

HIV testing programs are being designed to make people aware of their status who might be at the risk of contracting HIV. These programs are being strategically targeted by companies in the HIV self-test kits market at individuals in under-developed economies, such as Africa and developing countries of Asia Pacific. As such, there has been success in testing pregnant women. Hence, manufacturers are making HIV self-test kits easily available to pregnant women.

New testing technologies in oral fluid and urine specimen types have revolutionized the HIV response in local communities. Innovative testing approaches are anticipated to catalyze growth of the HIV self-test kits market, since individuals refrain from taking tests with traditional health service providers.

Request Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=75743

Healthcare Initiatives Boost Uptake of HIV Self-test Kits in Asia Pacific

HIV self-testing (HIVST) and pre-exposure prophylaxis (PrEP) are highly publicized tools that are transforming the HIV self-test kits market. High prevalence of HIV in Asia Pacific region has triggered the uptake of HIV self-test kits. As such, according to analysts of Transparency Market Research, the HIV self-test kits market in Asia Pacific is projected for aggressive growth during the forecast period and the global HIV self-test kits market is estimated to reach a revenue of ~US$ 471 Mn by the end of 2027. However, existing services are not adequately reaching these populations, which poses as a barrier for healthcare companies. Hence, companies are creating awareness through developmental workshops in Asia Pacific to boost the uptake of HIV self-test kits.

Developmental workshops that impart knowledge about the best practices and innovations in HIVST and PrEP act as key drivers for the market. For instance, the United Nations co-sponsored the Workshop on Building Capacity for Roll-out of PrEP and HIV Testing Innovations program, which was supported by the Population Services International (PSI) in Thailand.

HIV Self-test Kits Market: Overview

This report analyzes the current scenario and future prospects of the global HIV self-test kits market. Rise in prevalence of HIV infection across the globe and rise in adoption rate of HIV self-tests are the key factors projected to drive the global HIV self-test kits market during the forecast period.

The report provides an elaborate executive summary, including a snapshot of various segments of the HIV self-test kits market. It also provides elaborate information and data analysis of the global HIV self-test kits market with regards to segments based on technology, specimen type, test generation, and region.

The overview section of the report provides a detailed qualitative analysis of drivers and restraints, and opportunities that impact the global HIV self-test kits market

Additionally, the report includes company profiles, which provide information about their business, product portfolios, and competitive landscape in the HIV self-test kits market

The report on the global HIV self-test kits market offers market attractiveness analysis of the regions and segments

The last section of the report comprises quantitative and qualitative analysis of the key competitive strategies adopted by the major industry players, thereby presenting a thorough understanding of the competitive scenario in the global HIV self-test kits market

Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=75743

HIV Self-test Kits Market: Key Segments

In terms of technology, the global HIV self-test kits market has been classified into immunofiltration, lateral flow immunoassay, and fluorescent chromatography. The lateral flow immunoassay segment held major share of the global HIV self-test kits market in 2018 and the trend is anticipated to continue during the forecast period.

Based on specimen type, the global HIV self-test kits market has been segmented into blood, oral fluid, and urine. The blood segment accounted for majority of the market share in 2018.

Based on test generation, the global HIV self-test kits market has been segmented into second generation and third generation. The second generation segment accounted for majority of the market share in 2018.

The market value and forecast for each of these segments have been provided from 2017 to 2027. The CAGRs of respective segments have also been provided from 2019 to 2027, considering 2018 as the base year.

HIV Self-test Kits Market: Regional Outlook

In terms of region, the global HIV self-test kits market has been segmented into North America (the U.S. and Canada), Europe (the U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). Each region considered in the market has been divided into countries/sub-regions.

The HIV self-test kits market report provides value and forecast for each region and country/sub-region from 2017 to 2027. The compound annual growth rates (CAGRs) for each of these regions and countries have also been provided for the forecast period from 2019 to 2027. The HIV self-test kits market study also covers the competitive scenario in these regions.

Request Customization: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=75743

Companies Mentioned in Report

Key players in the global HIV self-test kits market have been profiled based on attributes such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies

Major companies profiled in the global HIV self-test kits market report include

OraSure Technologies, Inc.

Chembio Diagnostic Systems

Atomo Diagnostics

BioSure UK

Biosynex Group

bioLytical Laboratories Inc

Orange Life

Bedfordbiotech

Sedia Biosciences Corporation

More Trending Reports of Transparency Market Research:

Controlled Substance Market: https://www.transparencymarketresearch.com/us-controlled-substance-market.html

Tree Nut Allergy Market: https://www.transparencymarketresearch.com/us-tree-nut-allergy-market.html

Cannabinoids Market: https://www.transparencymarketresearch.com/cannabinoids-market.html

Dermal Fillers Market: https://www.transparencymarketresearch.com/dermal-fillers-market.html

Interspinous Spacers Market: https://www.transparencymarketresearch.com/interspinous-spacer-market.html

Orthopedic Fracture Repairing Implants for
Osteoporosis Market: https://www.transparencymarketresearch.com/orthopedic-fracture-repairing-implants-for-osteoporosis-market.html

Collagen Dressings Market: https://www.transparencymarketresearch.com/collagen-dressings-market.html

Healthcare Biometrics for Children Market: https://www.transparencymarketresearch.com/healthcare-biometrics-for-children-market.html

Contact
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End-Use that will favor growth in the market over the next 9 years.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

This release was published on openPR.