Press release
HIV Diagnosis Market To Reach 9.55 Billion by 2030 | CAGR 9.7%
The USFDA has permitted a very few numbers of home-based diagnosis kits that can offer HIV test result in 20 to 40 minutes. Such diagnosis kits are majorly used in countries like the U.K. and the U.S.
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This method is gaining more popularity because this facility is more cost and time efficient. Also, lots of people are not comfortable to visit any healthcare facility for HIV test even if they observing any symptoms in their bodies which can cause AIDS.
In 2021, the consumables category held the largest market share of HIV diagnosis market. The main reason behind the growth of this category is rise in the usage of assays, reagents and kits for home as well as laboratory-based analytical tests.
APAC is projected to show the fastest growth with pace of around 11% in coming years. Credited to the increase in the per-capita income of people from this region and low access to antiretroviral therapy. Also, governments are becoming more aware and more cautious about these diseases and taking several steps to stop the spread.
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As countries like Indonesia and India becoming more finally stable, they are spending more on the cure of such diseases, which expected to fuel the demand for these products in coming years.
Hence, the industry for HIV diagnosis is boosted by the high count of individuals doing unsafe sex and the growing number of those giving or getting blood.
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