Press release
Human Papillomavirus (HPV) Testing Market Demand to Reach US$ 1,130 Mn by 2025
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HPV testing is gradually becoming crucial for cervical cancer screening, according to recent report published by Persistence Market Research. The report estimates that in 2017, the global market for Human Papillomavirus testing will reach an estimated value of US$ 629.4 Mn. Improving reimbursement scenario, coupled with high sensitivity of Human Papillomavirus testing in low resource setting, is expected to drive the market’s growth. By the end of 2025, the global market for Human Papillomavirus testing will have soared at 7.6% CAGR, bringing in more than US$ 1,100 Mn in revenues.
Global HPV Testing Market – Key Challenges
A key limitation for Human Papillomavirus testing is that these tests are confined to women as men undergoing HPV testing have higher risks of getting infected with genital warts. In addition to this, patients are not willing to take Human Papillomavirus tests because of lack of diagnosis options. Over-diagnosis of Human Papillomavirus testing can cause more complications and can even risk the life of patients. Meanwhile, the global revenues from Human Papillomavirus testing are being lowered due to availability of HPV vaccines. Preference to HPV vaccines is directly impeding the revenues arising from Human Papillomavirus testing. High cost of HPV screening test, overburdened healthcare system, low awareness on HPV prevention, and imperfections in organized screening programs are some other challenges impacting the growth of global HPV testing market.
According to the report, North America’s Human Papillomavirus testing market will be valued at nearly US$ 640 Mn, dominating the global market revenues. The demand for Human Papillomavirus testing will also be significant in Europe, Latin America and Asia-Pacific, while Middle East & Africa’s Human Papillomavirus testing revenues will attribute to less than 4% of global market value. The report also projects that over 60% of global HPV testing revenues will be accounted by DNA-based test products. While hospitals will be largest end-users of HPV testing globally, the end-use of Human Papillomavirus testing will gain traction in diagnostic centers as well. And, the report also reveals that close to 90% of global Human Papillomavirus testing market value throughout the forecast period will be accounted by molecular diagnostic application of Human Papillomavirus testing.
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The report further profiles key players in the global Human Papillomavirus testing market, which include F. Hoffmann-La Roche Ltd., Agilent Technologies, Inc., Becton, Dickinson and Company, Qiagen N.V., Thermo Fisher Scientific Inc., Abbott Laboratories, Hologic Inc., Cepheid Inc., Seegene Inc., Takara Bio Inc., DaAn Gene Co., Ltd. of Sun Yat-Sen University, Promega Corporation, Greiner Bio-One International GmbH (Greiner Holding AG), Enzo Biochem Inc., Norgen Biotek Corp., DiagCor Bioscience Inc Ltd, Hybribio Limited, Zytovision GmbH, Arbor Vita Corporation, Medical & Biological Laboratories Co., Ltd. and Fujirebio Diagnostics, Inc.
About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
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