openPR Logo
Press release

HIV Diagnostics Market share to grow at 9.5% CAGR up to 2023

04-26-2017 08:30 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Global Market Insights, Inc.

Global Market Insights, Inc.

The research report “HIV Diagnostics Market Size By Product [Antibody Tests (HIV-1 Screening, ELISA/EIA, Home Access Dried Blood Spot, Rapid Test, HIV-1 Confirmatory Steps, Western Blot, Indirect Immunoflorescent Antibody Assay (IIFA), Line Immunoassay , RadioImmuno Precipitation Assay (RIPA), HIV-2 & Group O Test, Blood Antibody, Dried Blood Spot), Viral Identification Assay (p24 Antigen, Qualitative PCR, Viral Culture), CD4, Viral Load, Early Infant Diagnosis], Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Japan, China, South Africa, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, by Global Market Insights, Inc., HIV Diagnostics Market size was USD 2.4 billion in 2015, and is forecast to grow at 9.5% CAGR up to 2023. Growing prevalence, and increasing government and corporate initiatives for HIV infection awareness should propel global HIV diagnostics market size.

Rising HIV/AIDS cost burden on healthcare systems has led to establishment of various associations and campaigns working towards the awareness regarding early diagnosis of disease. Global HIV diagnostics market size was USD 2.4 billion in 2015, with 9.5% CAGR increase during the forecast period.

Request for a sample of this research report - https://www.gminsights.com/request-sample/detail/491

Various public awareness and education campaigns have been developed by Federal agencies. For instance, a campaign sponsored by Centers for Disease Control and Prevention (CDC) emphasizes the importance of HIV testing for people aged between 18 to 64. Another campaign driven by U.S. Department of Health and Human Services’ Office on Women’s Health provides teen girls with information regarding HIV and its prevention.

Introduction of technologically advanced products such as point of care rapid diagnostic tests, and portable cell counters that require minimum technical skills for its functioning increasing the speed of diagnosis. Other technological advancements include fluorescence microscopy devices, and flow cytometric instruments used for these tests improving the accuracy for the same.

Strong requirement for affordable, readily available, high quality and efficient tests will also drive HIV diagnostics industry revenue. Usage rate for custom based, rapid and feasible PoC tests that can be done by non-healthcare providers has been steadily growing, which has led to an increase in demand for antibody tests such as HIV-1 screening, HIV-1 confirmatory, HIV-2 & Group O making it the largest product segment in the overall market.

CD4 HIV diagnostics market share is expected to register the highest gains of 10.1% CAGR by 2023, contributing significantly to overall revenue. These tests should become popular due to its increased accuracy and sensitivity for early diagnosis of HIV.

Significant supply lag of diagnostic facilities across India, Malaysia, Indonesia, Brazil, China, and South Korea offers a strong platform for industry participants to expand regional business. APAC, with growth hinged on China and India HIV diagnostics market, could see reach USD 1.05 billion in revenue by 2023. LATAM was predominantly driven by Brazil HIV diagnostics market size, exceeding USD 250 million by 2023.

To access sample pages or view this report HIV Diagnostics Market in detail along with the table of contents, please click on the link below:

https://www.gminsights.com/industry-analysis/hiv-diagnostics-market

Key insights from the report include:

• Global HIV diagnostics market size is anticipated to reach USD 4.9 billion by 2023 from 2.4 billion in 2015, growing at an estimated CAGR of 9.5% from 2016 to 2023.

• U.S. HIV diagnostics market share was the largest in North America, grabbing revenue of more than 75% in 2015. Regulatory support to prevent rising number of HIV/AIDS cases, and introduction of portable, convenient to use diagnostic tests is set to drive regional growth.

• Antibody tests segment dominated the global HIV diagnostics market share in 2015, at more than USD 750 million in revenue, while the antibody test market was predominantly driven by HIV-1 screening tests market.

• Germany was the revenue puller for Europe HIV diagnostics market, slated to showcase bringing in over 20% revenue in 2015, while UK is likely to witness relatively higher growth rate.

• Capital intensive nature of the industry, existing established players, and requirement of highly qualified personnel pose as challenges for new players to enter the market.

• In APAC, China HIV diagnostics market is the fastest growing region, showcasing 10.9% CAGR during the forecast period, followed by Japan.

• Roche, Abbott, Siemens, Qiagen, Sysmex and Hologic are some key companies for this industry.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/491

Global Market Insights has segmented the HIV diagnostics Industry on the basis of product, and region:

Global HIV Diagnostics Product Market Analysis (Revenue, USD Million; 2012 - 2023)

• Antibody Tests
o HIV-1 Screening
 ELISA/EIA
 Home Access Dried Blood Spot
 Rapid Test
o HIV-1 Confirmatory Steps
 Western Blot Test
 Indirect Immunoflorescent Antibody Assay (IIFA)
 Line Immunoassay
 RadioImmunoPrecipitation Assay (RIPA)
o HIV-2 & Group O Test
 Blood Antibody
 Dried Blood Spot
 Line Immunoassay
o Viral Identification Assay
 P24 Antigen
 Qualitative PCR Test
 Viral Culture
o CD4 Test
o Viral Load Test
o Early Infant Diagnosis

HIV Diagnostics Market Regional Analysis (Revenue, USD Million, 2012 – 2023)

• North America
o U.S.
o Canada

• Europe
o Germany
o UK

• Asia Pacific
o China
o Japan

• LATAM
o Brazil

• MEA
o South Africa

Browse Related Reports:

• Contraceptives Market Size By Product (Drugs [Oral Contraceptive Pills, Injectable, Topical]), By Devices (Condoms, Diaphragms, Sponges, Vaginal Rings, Subdermal Implants, Copper IUD, Hormonal IUD), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Japan, China, India, Brazil, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023

https://www.gminsights.com/industry-analysis/contraceptives-market-report

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release HIV Diagnostics Market share to grow at 9.5% CAGR up to 2023 here

News-ID: 515103 • Views: 189

More Releases from Global Market Insights, Inc.

Robotic Prosthesis Market Dynamics, Forecast, Analysis and Supply Demand 2019-20 …
Robotic prosthesis market size is expected to grow significantly from 2019 to 2025. Robotic prosthesis market is primarily driven by growing demand for prosthetic implants owing to due to rise in number of accidents, severe injuries, tumors as well as congenital anomalies. Growing investments in R&D to integrate intelligent mechatronics, advanced sensing and control for attaining higher order lost sensorimotor functions, have enabled introduction of advanced technology within the devices
Anal Fistula Surgical Treatment Market Growth, Opportunities, Industry Applicati …
Anal fistula surgical treatment size is expected to grow significantly from 2019 to 2025. The anal fistula surgical treatment market is projected to witness lucrative growth over the coming years due to the increasing prevalence of inflammatory bowel diseases. Inflammatory bowel disease (IBD) is a chronic inflammatory disorder of the gastrointestinal (GI) tract that includes both ulcerative colitis and crohn disease. Some of the symptoms of inflammatory bowel diseases are
Healthcare Fabrics Market Outlook 2019 - Growth Drivers, Opportunities and Forec …
Healthcare fabrics market size is expected to grow significantly from 2019 to 2025. The healthcare fabrics market is estimated to witness lucrative growth over the coming years owing to increasing consumer awareness regarding the usage of hygiene products along with the improved quality of healthcare fabrics. The fabrics play a vital role in the healthcare textile industry as they are used in various medical applications. With the changing lifestyle, personal
Veterinary Equipment and Disposables Market Growth, Opportunities, Industry Appl …
Veterinary Equipment and Disposables Market size is projected to experience significant growth from 2019 to 2025. The veterinary equipment and disposables market is estimated to witness considerable growth over the forth coming years. These equipments and disposables are intended for diagnosis, monitoring and treatment of various health conditions associated with animals. High growth is attributable to increasing prevalence of zoonotic diseases coupled with rising trend of pet adoption in both

All 5 Releases


More Releases for HIV

Global HIV Market to 2024
The HIV market was valued at $16bn in 2015 and is forecast to expand at a CAGR of 3.7% between 2015 and 2024, culminating in 2024 global sales of $23bn.The expected arrival of new classes of therapies could result in a paradigm shift in the treatment of HIV treatment. Globally, around 35 million people are infected with HIV. Approximately 3 million people in the U.S and 2.5 million in top 5
HIV Vaccine Market HIV Vaccine Clinical Pipeline Report 2022
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990 Report Table of Contents Introduction to Human Immunodeficiency Virus (HIV) Vaccines 1.1 Overview 1.2 Antiquity of HIV Vaccine Need for the Development of HIV Vaccine Primer of HIV inside the Body 3.1 Inclusion of HIV Virus into the System 3.2 Interaction of HIV with Host 3.3 Eradication of HIV Virus HIV Vaccine Development Process 4.1 Introduction
Global HIV Vaccine Market & HIV Vaccine Clinical Trial Outlook 2022
Worldwide, around the 35 Million of the people are currently infected with the HIV and about 30 Million of the people died because of the AIDS infection. There is no human example of clearing an HIV infection naturally. HIV virus makes copies of it very quickly, many types of HIV exist and new types of virus are continue to rise. Many scientists are still trying to understand the specific ways
Global HIV Infection Pipeline Analysis
The discovery of HIV virus, which causes AIDS, dates back to more than 30 years. Currently, there are more than 30 drugs in the market which have been approved by the FDA for the treatment of HIV infection. Consequent to the introduction of retrovirals in 1996, HIV is not considered to be a death sentence anymore. The advancements in this field have led to new drugs being produced which have
Global HIV Therapeutics Market
The HIV Therapeutics Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. The human immunodeficiency virus (HIV) refers to a type of retrovirus that causes acquired immunodeficiency syndrome (AIDS). HIV attacks some immune cells and causes weakness of immune system resulting in loss
Hidden HIV Revealed: New Insights Into Latent HIV Infections
In spite of ever more effective therapies, HIV keeps managing to survive in the body. A comprehensive project conducted by the Austrian Science Fund FWF has clarified the molecular processes which contribute to this effect. In the process, approaches were discovered for possible therapies to combat the hidden reservoir formed by the virus. Thanks to modern therapies, HIV infections have become controllable – but these treatments cannot provide a cure. Antiretroviral