HIV Diagnostics Market insights,Analysis, Cost, Production Value, Price, Gross Margin and Competition Forecast to 2027
HIV Diagnostics Market Overview
From USD 2.35 billion in 2020, the HIV diagnostic market is expected to grow at a CAGR of 10.6% percent to USD 7,118.26 Million by 2027. The market is predicted to develop due to factors like the rising global prevalence of HIV/AIDS, the rising number of blood transfusions and blood donations, the advantages provided by point-of-care tools and kits, and increased government initiatives. The study's base year was 2021, as well as the projection was made for the years 2020 through 2030. COVID-19 appears to have a significant impact on the HIV Diagnostics Market.
The human immunodeficiency virus (HIV) targets the human body's immune system. Hiv - Infected people can receive antiretroviral medication and live a long and healthy life. The firm's demand will be fueled by the availability of several HIV diagnostic tests.
HIV Diagnostics Market Segmentation
By Product
Consumables: The need for consumable products for each test is the fastest increasing segment of the HIV diagnostics industry.
Instruments: This is the largest segment in the HIV diagnostics industry by product.
Software and Services: As more academics entered this new field of study, the demand for power tools and software grew, resulting in the growth of such tools.
By Test Type
• Antibody Tests
• HIV-1 Screening Test
• HIV-2 Group O Diagnostic Tests
• HIV-1 Antibody Confirmatory Tests
Consumables: The need for consumable products for each test is the fastest increasing segment of the HIV diagnostics industry.
Instruments: This is the largest segment in the HIV diagnostics industry by product.
Software and Services: As more academics entered this new field of study, the demand for power tools and software grew, resulting in the growth of such tools.
By End-User
Diagnostic Laboratories: When it comes to end consumers, diagnostic labs are the fastest increasing segment. There are a lot of diagnostic centers dedicated to HIV infection diagnosis.
Hospitals: Hospitals held the highest share of the HIV diagnostics market Insights by end-user and are predicted to grow at a good CAGR over the forecast period.
Blood Banks: The growing number of surgical operations necessitates the use of blood.
Others- HIV/AIDS campaigns and research institutes are among the other end users.
HIV Diagnostics Market Regional Analysis
Americas- In the HIV diagnostics market Outlook, the Americas has the biggest market share. HIV/AIDS is regarded as one of the world's most persistent crises in the United States and other nations.
Europe- Europe is the second-largest marketplace for HIV diagnostics after the United States.
Asia-Pacific: In the market, the Asia-Pacific area is anticipated to grow at the quickest rate.
Middle East Africa: Due to a lack of healthcare infrastructure, lack of knowledge, and insufficient resources in this area, the Middle East Africa has the smallest market share.
Key Players
global HIV diagnostics market Players 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.
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