The global Human Immunodeficiency Virus (HIV) diagnostics market size is expected to reach USD 9.02 Billion in 2030 and register a revenue CAGR of 9.9% over the forecast period, according to the latest report by Reports and Data. Rapid advancements in the healthcare sector for the development of innovative and self HIV diagnostics kits are driving global HIV diagnostics market revenue growth.
Various approaches for HIV prevention include testing and counseling for STIs and HIV, elimination of mother-to-child transmission, and use of therapies and antiretroviral drugs for prevention. The emergence of Point-of-Care (POC) testing in HIV diagnosis has led to the healthcare industry leveraging new innovations in POC instruments via R&D. POC devices are easy to operate and maintain and can be transported conveniently. Recent advancements in POC testing has resulted in the development of antiretroviral therapy (ART), Cluster of Differentiation 4(CD4) tests, HIV Rapid Diagnostic Tests (RDTs), Viral Load (VL) testing, and HIV early-infant diagnosis tests. Moreover, rising need for HIV testing kits and increase in research and development activities in countries such as India, China, and Indonesia are factors expected to boost growth of the market during the forecast period.
However, limited access and high cost of HIV diagnostics methods in underdeveloped and low-income countries are factors expected to hamper market growth during the forecast period.
Some Key Highlights from the Report:
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The HIV Diagnostics market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.
Leading companies operating in the market are:
Siemens, F. Hoffman-La Roche Ltd., Abbott, Danaher, Thermo Fisher Scientific Inc., Merck KGaA, Becton, Dickinson and Company, Hologic, Inc., Bioneer Corporation, and Bio-Rad Laboratories, Ltd.
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
HIV Diagnostics Market Segmentation:
Product Outlook (Revenue, USD Million; 2019–2030)
End use Outlook (Revenue, USD Million; 2019–2030)
Test Type Outlook (Revenue, USD Million; 2019–2030)
Geographic Segment Covered in the Report:
The HIV Diagnostics report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
• North America (the USA and Canada)
• Europe (UK, Germany, France, and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• the Middle East and Africa (GCC and the rest of the Middle East and Africa)
Key market aspects are illuminated in the report:
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