HIV Diagnostics Market Overview:
On June 2018, Abbott announced the launch of a new point-of-care test called m-PIMA HIV-1/2 VL in the Netherlands for the easy, quick, and accurate management of HIV infection. However, the ignorance of healthcare issues, lack of awareness about the disease and limited availability of advanced products in the developing countries hamper the market growth.
The growth of the global HIV diagnostics market is driven by various factors, such as the growing demand for the technologically advanced devices for diagnosing HIV with high accuracy, increasing adaption of home diagnostic kits for testing of HIV, rising funding for research and development activities to develop new kits. Additionally, the increasing strategic collaboration, expansion, and product launches by the companies also contributes to the market growth.
HIV Diagnostics Market Players:
Some of the key players in the global HIV diagnostics market are Siemens Healthineers (A Division of Siemens AG) (Erlangen, Germany), Roche Diagnostics (Division of Hoffman La Roche Ltd.) (Basel, Switzerland), Abbott Laboratories (Chicago, US), Beckman Coulter, Inc. (Subsidiary of Danaher Corporation) (California, US), Thermo-Fisher Scientific Inc. (Massachusetts, US), Merck KGaA (Darmstadt, Germany), Becton, Dickinson Company (New Jersey, US), Hologic Inc. (Massachusetts, US), Alere Inc. (Massachusetts, US), Bio-Rad Laboratorie (California, US) and many more.
HIV Diagnostics Market Segmentation:
Global HIV Diagnostics Market has been segmented based on Product, Test Type, and End Users.
Global HIV Diagnostics Market has been segmented, on the basis on product, into consumables, instruments and software services. Consumables segments covers products such as assays and kits reagents and others. The instrument segment is expected to hold the maximum share of the market throughout the forecast period. The consumables segment is expected to be the fastest growing during the assessment period.
On the basis of test type, the market is segmented into antibody tests, viral load tests, CD4 tests and tests for early infant diagnosis. The antibody tests include HIV-1 screening test, HIV-1 antibody confirmatory tests and HIV-2 group O diagnostic tests. The HIV-1 screening test is sub segmented into Elisa, rapid tests and home access dried blood spots. The HIV-1 antibody confirmatory tests are sub segmented into western blot test, indirect immunofluorescence assays (IFA), line immunoassays, and radio-immunoprecipitation assays.
On the basis of end-user, the market is segmented into diagnostic laboratories, hospitals, blood banks and others.
HIV Diagnostics Market Regional Analysis:
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East Africa. The HIV diagnostics market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The Americas is expected to be the largest market owing to the presence of large number of companies providing HIV diagnostics such as Bio-Rad Laboratorie, Becton, Dickinson Company, Thermo-Fisher Scientific Inc., Abbott Laboratories and many more Additionally, the rising cases of HIV contributes to grow the HIV diagnostics market in this region. For instance, in 2017 around 38,700 new HIV infection cases were reported in the US. The large number of HIV cases and presence of number of manufacturing companies drives the market growth in this region and hiv test kit price in south africa is higher as campared to other.
The European HIV diagnostics market is the second largest market, and it has been categorized as Western Europe and Eastern Europe. The Western European market has further been divided as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The increasing RD to develop novel diagnostic kit, and growing funding for developing diagnostic kits boosts the market growth. The European Community supports the research activity by providing sufficient funding. The European Community has funded around USD 7.6 million in 2017 to develop the innovative tools to help end the epidemic.
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