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Key Trends Influencing the Growth of the Hepatitis Diagnostic Tests Market in 2025: Innovative Automated Immunoassays Transform Hepatitis Diagnostic Testing
Hepatitis Diagnostic Tests
What Is the Expected CAGR for the Hepatitis Diagnostic Tests Market Through 2025?
In recent times, there has been robust growth in the market for hepatitis diagnostic tests. It is predicted to increase from a value of $4.64 billion in 2024 to $4.95 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. This marked growth in the historical period is due to factors like increased globalization of healthcare, government-led initiatives, a high incidence of disease, enhanced measures for blood safety, and public health campaigns.
What's the Projected Size of the Global Hepatitis Diagnostic Tests Market by 2029?
Strong expansion is anticipated in the hepatitis diagnostic tests market within the upcoming years. Its size is predicted to reach $6.24 billion by 2029, with a compound annual growth rate (CAGR) of 6.0%. The projected growth during the forecast period can be linked to worldwide health security issues, rising population and urbanization, customized testing schemes, focus on elimination programs, and increased healthcare expenditure. The forecast period is also expected to see major trends such as advancements in testing technologies, multiple testing for various hepatitis viruses, incorporation of molecular diagnostics, digital health solutions, and strategic collaborations and partnerships.
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Top Growth Drivers in the Hepatitis Diagnostic Tests Industry: What's Accelerating the Market?
An increase in blood transfusions and donations is anticipated to accelerate the progression of the hepatitis diagnostic test market. The processes of blood donation and transfusion are closely linked, involving voluntary blood provision from individuals. This donated blood undergoes meticulous testing before it's used to treat patients in need of extra blood components due to health conditions, surgical procedures, accidents, or diseases. To secure patient safety, the blood is rigorously checked using hepatitis diagnostic tests before a donation or transfusion. For example, in August 2023, the Royal College of Pathologists, a UK organization, stated that blood transfusion is the most common procedure for hospital patients. Annually, around 2 million blood components are issued and transfused in England, costing more than £300 ($390.69) million. Consequently, the increasing rate of blood donations and transfusions fuels the progress of the hepatitis diagnostic test market. Report Heading: Hepatitis Diagnostic Tests Market Driver: Amelioration of Hepatitis Incidence Amplifies the Hepatitis Diagnostic Tests Market
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What Trends Will Shape the Hepatitis Diagnostic Tests Market Through 2029 and Beyond?
Leading corporations in the hepatitis diagnostic test market are concentrating on the progress of innovative automated immunoassays like Elecsys HCV Duo in order to deliver dependable customer service. These automated immunoassays, especially the Elecsys HCV Duo, are specialized lab techniques employing automated systems and specific equipment to administer all aspects of the immunoassay process including sample management, reagent blending, incubation, detection, and result tallying. For instance, Roche Diagnostics India, a biotech research company based in India, introduced Elecsys HCV Duo in July 2023. This is the first fully automated immunoassay available commercially in India, allowing for the separate and concurrent evaluation of hepatitis C virus (HCV) antigen and antibody levels from a single serum or plasma sample from a human. It simplifies the diagnostic algorithm by providing single speciment testing, diminishing the frequency of visits for additional tests, thereby potentially reducing the pressure on the healthcare system.
What Are the Main Segments in the Hepatitis Diagnostic Tests Market?
The hepatitis diagnostic tests market covered in this report is segmented -
1) By Test Type: Blood Tests, Imaging Tests, Liver Biopsy
2) By Technology: Enzyme-Linked Immunosorbent Assay (ELISA), Rapid Diagnostic Tests (RDTs), Polymerase Chain Reaction (PCR), Isothermal Nucleic Acid Amplification Test (INAAT), Other Technologies
3) By End User: Hospitals, Diagnostic Laboratories, Blood Bank, Other End Users
Subsegments:
1) By Blood Tests: Serological Tests, Polymerase Chain Reaction (PCR) Tests, Enzyme-Linked Immunosorbent Assays (ELISA)
2) By Imaging Tests: Ultrasound, Computed Tomography (CT), Magnetic Resonance Imaging (MRI)
3) By Liver Biopsy: Percutaneous Biopsy, Transjugular Biopsy, Laparoscopic Biopsy
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Which Top Companies are Driving Growth in the Hepatitis Diagnostic Tests Market?
Major companies operating in the hepatitis diagnostic tests market report are Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers AG, Roche Diagnostics, Quest Diagnostics Incorporated, Grifols S.A, Hologic Inc., BioMérieux SA, Beckman Coulter Inc., Bio-Rad Laboratories Inc., SD Biosensor Co. Ltd., QIAGEN N.V., DiaSorin S.p.A., Randox Laboratories Ltd., Luminex Corporation, Fujirebio Diagnostics Inc., Trivitron Healthcare Private Limited, Trinity Biotech PLC, MP Biomedicals LLC, R-Biopharm AG, Creative Diagnostics, InBios International Inc., Dia.Pro Diagnostic Bioprobes srl, DIALAB GmbH
Which Regions Will Dominate the Hepatitis Diagnostic Tests Market Through 2029?
North America was the largest region in the hepatitis diagnostic tests market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hepatitis diagnostic tests market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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