HIV Diagnostics Market: The Increasing Demand for point of care HIV Diagnostic Kit across the Globe is Projected to Boost Market Growth at a Healthy CAGR of 9.20% during the Forecast Period

Pune, India, June 2022/MRFR Press Release/- Market Research Future has published its half-cooked Research Report on the Global HIV Diagnostics Market.

Market Highlights

According to MRFR analysis, the Global HIV Diagnostics Market is expected to register a CAGR of 9.20% during the forecast period of 2022 to 2030 and is anticipated to reach USD 4.1 Billion by 2030.

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 in the market growth. 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.

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. 

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 R&D 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.

The HIV diagnostics market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. In Asia-Pacific region it was estimated that 5.9 million people living with HIV in 2018 in which India, China and Indonesia accounted for almost three-quarters of the total number of populations living with HIV in the region. The increasing awareness programs and presence of organizations such as National AIDS Control Organization (NACO), The Joint United Nations Programme on HIV and AIDS (UNAIDS) , and many more increases the awareness about the diagnosis and treatment methods drives the market growth in this region.

The HIV diagnostics market in the Middle East & Africa has been divided into the Middle East and Africa. The growing number of research laboratories in this region drives the market growth. In Southern Africa, currently around 2.1 million people were represented to be newly infected with HIV, out of which 240,000 are children. However the increasing healthcare infrastructure and presence of diagnostic centers in this region drives the market growth.

Explore In-depth Details: HIV Diagnostics Market Research Report

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.

Key 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.