HIV Diagnostics Market Set Close To USD 4.48 billion From 2024

HIV Diagnostics Market is anticipated to reach USD 4.48 billion by 2022. The human immunodeficiency virus (HIV) leads to Acquired Immuno Deficiency Syndrome (AIDS). HIV attacks the immune system; thereby making one vulnerable to hoards of diseases. The factors that propel the growth of the HIV Diagnostics industry include growing number of blood transfusions and blood donations, prevalence of HIV/AIDS worldwide, assistance offered by point-of-care instruments & kits, and growing consciousness about HIV/AIDS and rising administration initiatives.

On the other hand, there are factors that may hamper the growth of the market including absence of acceptable testing labs, and restrictions of laboratory-based testing. HIV Diagnostics Market is anticipated to grow at a significant CAGR of 9.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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HIV Diagnostics industry may be explored by Product type, end user, test type, and geography. The market may be explored by product type as Instruments, Software and Services, Consumables, Kits, Assay, and Reagents, and the other Consumables. The “Consumables” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 due to rising occurrence of HIV/AIDS, and growing enterprises from governments to fight HIV/AIDS.

The HIV Diagnostics Market could be explored based on end users as Hospitals, Diagnostics Laboratories, Home care settings, Blood banks, and Others (Gene bank, cell bank, pharma companies, and Biotechnology). The “Diagnostic Laboratories” segment led the market in 2016 and is anticipated to maintain its dominance by 2022 owing to technological developments of diagnostics laboratories, and high investment, and increasing consciousness of HIV/AIDS.

The market may be analyzed by test type as Tests for Viral Identification, Antibody Test, Viral Load Tests, Tests for Early Infant Diagnosis, and CD4 Tests. The “Antibody Tests” segment led the HIV Diagnostics industry in 2016 and is anticipated to maintain its dominance by 2022. The factors that attribute to the growth of market include consciousness about HIV, growing technological developments in HIV diagnosis.

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North America accounted for the major share of the HIV Diagnostics Market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing awareness about HIV, high occurrence and prevalence of HIV/AIDS, and rising administration initiatives and growing blood donations.

Some of the key players that fuel the growth of the HIV Diagnostics industry comprise Abbott Healthcare, Alere Inc., Brsitol-Myers Squibb, Abbvie Inc., Gilead Sciences, Janssen Therapeutics, Merck & Co. Inc, BD Biosciences, bioMerieux, VIIV Healthcare, Beckman Coulter, Sysmex, Partec, Qiagen, Apogee Flow Systems, Zyomyx Inc., Roche Diagnostics, Mylan Inc., Siemens Healthcare, and PointCare Technologies Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Comments

  1. Micheal ByranAugust 26, 2021 at 10:44 PM

    I am from USA. I was suffering from HIV and HEPATITIS B for over 3 years, i was hopeless until one of my friend directed me to a herbal man Dr Chike, she said the Dr has herbal medicine/cure that cures the HIV and HEPATITIS B also said the Dr has helped some of her friends with HERPES, CANCER, DIABETES, BV, UTI, HSV,ALS and LIVER disease etc, i never believed her but after a lot of talk, i decided to contact him, just few days ago i contacted him and he told me what to do which i did and he sent to me a herbal medicine via DHL with prescriptions on how i will take it for a period of days. After i finished taking the medicine for 2 weeks he told me to go for a test which i also did and when the result came out i was surprised to see that i am negative. I am proud to tell you that I am the happiest person on earth. Big thanks to Dr Chike herbs/cure.. I pray you find a solution in him. For more information on how to get cured contact him on his active email: drchikeherbalcure@gmail.com or Facebook page @ Dr Chike Herbal Remedy

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