Global Human Immunodeficiency Virus (HIV) Rapid Test Kits Market Witnessed to Grow Exponentially at a CAGR of 7.23% during 2017 – 2021

In the current time, HIV has become a worldwide health concern and many times people tend to keep their status to themselves for fear of being stigmatized. Depending on the condition of the patient, there are various STD testing kits offered in the market. At present, the HIV test kit is one of the most reliable kits which can give patients faster results of HIV status without going to a medical practitioner. Recently, a new study on the global demand and market scenario of HIV rapid test kits has been broadcasted to the online repository of Market Research Hub (MRH), which is titled as “Global Human Immunodeficiency Virus (HIV) Rapid Test Kits Market 2017-2021”. The study briefly highlights the present scenario and growth prospects of the global market for Global Human Immunodeficiency Virus (HIV) Rapid Test Kits Market 2017-2021, with a prime focus on key regions such as EMEA, Americas and APAC.

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According to the key highlights of the study, rapid HIV tests have been widely adopted globally as an important component of HIV prevention and control programs. HIV rapid test kits help in determining the presence of antibodies for HIV in body fluids. The test kits include simple, single-use, disposable devices which can provide results within partial time. These devices are designed for using unprocessed specimens such as saliva and blood to detect antibodies. The rising preference for self-testing of HIV test is recognized as one of the key trends that will drive the growth prospects for the global HIV rapid test kits market in the forthcoming years. Analysts forecast the global human immunodeficiency virus (HIV) rapid test kits market to expand at a rapid CAGR of 7.23% during the period 2017-2021.

Initially, the report describes the scope of the analysis along with the current market overview of human immunodeficiency virus (HIV) rapid test kits. The subsequent section also includes five forces analysis and present details on market segmentation. The market has been segmented on the basis of key market segments into end-users and geography. In terms of geography, the demand for HIV rapid test kits is high in the Americas due to the rising number of campaigns that are established in the region to educate people about HIV. Major end-users are Hospitals & clinics, and Diagnostic centers.

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A detailed qualitative analysis of the factors responsible for driving and restraining growth of the global HIV rapid test kits market and future opportunities has been provided. The availability of favorable reimbursements in developed countries will be one of the major factors that will have a positive impact on the growth of the market.

Key vendors operating in this market are F. Hoffmann-La Roche and Alere. Some other prominent vendors are Atomo Diagnostics, BD Biosciences, ALL.DIAG, AccuBioTech, CS Innovation, Beckman Coulter, Autobio Diagnostics, Bio-Rad Laboratories, Shanghai Kehua Bioengineering, Abbott, EY Laboratories, Hangzhou Biotest Biotech, Premier Medical, Access Bio, Bionor and others.

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This release was published on openPR.