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Human Immunodeficiency Virus (HIV) Diagnosis Market Analysis 2024-2033 : Forecast Market Size, Top Segments And Largest Region
Human Immunodeficiency Virus (HIV) Diagnosis Global Market Report 2024
According to The Business Research Company's, The HIV diagnosis market size has grown rapidly in recent years. It will grow from $3.79 billion in 2023 to $4.2 billion in 2024 at a compound annual growth rate (CAGR) of 11%. The growth in the historic period can be attributed to expansion of voluntary counseling and testing, development of HIV antibody tests, emergence of the HIV/AIDS epidemic, and community-led and peer-led initiatives.
The HIV diagnosis market size is expected to see rapid growth in the next few years. It will grow to $6.42 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to public health campaigns and awareness initiatives, focus on equity and inclusivity, routine testing in healthcare settings, community-led and peer-led approaches, and expansion of self-testing. Major trends in the forecast period include advancements in testing technologies, focus on targeted testing strategies, community-based testing and outreach, emphasis on equity and inclusivity, and policy and funding priorities.
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Market Drivers and Trends:
The rising blood donation is expected to propel the growth of the HIV diagnosis market going forward. Blood donation refers to the voluntary act of giving blood through phlebotomy, where a needle is inserted into a vein to collect blood. The rise in blood donation combines advancements in medical technology, community engagement, and improved donor recruitment and retention strategies. With more people donating blood, a larger pool of samples is available for HIV testing. This increased availability of blood samples allows for more comprehensive screening for HIV antibodies or antigens, improving the accuracy and reliability of HIV diagnosis. For instance, NHS Blood and Transplant, a UK-based government agency, increased the number of new blood donors from 119,016 in 2022-2023 to 119,371 in 2023-2024. Therefore, rising blood donation is driving the growth of the HIV diagnosis market.
Major companies operating in the HIV diagnosis market are developing chip-based real-time PCR test solutions for HIV to improve accuracy, reduce turnaround time, and enhance accessibility. Chip-based real-time PCR test solutions for HIV are diagnostic tools that utilize microfluidic chips or small integrated circuits to conduct real-time polymerase chain reaction (PCR) tests for detecting HIV. For instance, in August 2022, Molbio Diagnostics, an India-based molecular diagnostics manufacturer, launched the Truenat HIV-1 test, a chip-based real-time PCR test for the quantitative detection and diagnosis of human immunodeficiency virus type 1 (HIV-1) in whole blood and plasma. This test is designed to aid in the monitoring of the HIV-1 viral load in patients with HIV-1 infection. The test is based on Taqman chemistry and features high primer sensitivity and specificity. It requires a minimal sample volume of 6 mcL and includes an intelligent chip with lot-specific data to quantify results. The test consists of a chip re-use lock and a reaction port with contamination- and evaporation-resistant design.
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Major Key Players of the Market:
Thermo Fisher Scientific Inc., Abbott Laboratories, Siemens Healthineers, Roche Diagnostics, Becton Dickinson and Company, Hologic Inc., bioMérieux SA, Beckman Coulter Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Bio-Techne Corporation, Alere Inc., Cepheid Inc., OraSure Technologies Inc., Advanced Instruments Inc., BBI Solutions, Chembio Diagnostic Systems Inc., BioLytical Laboratories Inc., Avioq Inc., Advanced Biochemicals Ltd., Advanced Molecular Diagnostics, Atila BioSystems Inc., BioAssay Works LLC, Chemtron Biotech Inc.
Human Immunodeficiency Virus (HIV) Diagnosis Market 2024 Key Insights:
• The HIV diagnosis market size is expected to see rapid growth in the next few years. It will grow to $6.42 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%.
• Rising Blood Donation On The HIV Diagnosis Market
• Advancing Chip-Based Real-Time PCR For HIV Detection
• North America was the largest region in the HIV diagnosis market in 2023
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