iCrowd Newswire – Jul 16, 2020
HIV Diagnosis Market size is estimated to be $3.29 billion in 2019 and growing at a CAGR of 9.8% during the forecast period 2020-2025. Increasing prevalence of HIV patients across the world, technological advancement, government initiatives, rising blood donation leading to infections is a major factor driving the HIV Diagnosis Market during the forecast period 2020-2025. Furthermore, the use of HIV antigen, nucleic acid testing, viral load testing and CD4 test to diagnose HIV infection is driving its market growth. Laboratory diagnosis of human immunodeficiency virus (HIV) infection is fundamental for detecting and monitoring infections. In addition, many diagnosis tools are available that are based on both detection of HIV specific antibodies, virus antigen and nucleic acid. Furthermore, as technology evolves, HIV testing assays are being improved providing better sensitivity and specificity.
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By Type- Segment Analysis
By Type, HIV Diagnosis Market is segmented into Antibody Test, Viral Load Test, CD4 Test, Test for Early Infant Diagnosis and Test for Viral Identification. Among these the antibody test accounted for the largest market share in 2019 owing to the benefits offered by Screening test, Confirmatory Test and Group O Diagnostic Test. Screening Test include ELISA the most common type of test to screen for HIV Infection owing to its relatively simpler methodology, inherent insensitivity and suitability for testing large number of samples, particularly in blood testing centers. Furthermore, growing innovations leading to ease of testing such as Home-Testing and OraQuick test in which saliva instead of blood is tested and users can read results in 20-40 minutes at home are contributing to its market growth.
By End-Use- Segment Analysis
Diagnostic Laboratories is projected to be the fastest growing segment with a CAGR 7% during the forecast period 2020-2025. This is owing to ease of facilities for testing. Furthermore, increasing prevalence of HIV patients across the world is raising the demand of HIV Diagnosis in Laboratories. Moreover, according to the World Health Organization HIV can be diagnosed through rapid diagnostic test that can provide same day result. This greatly facilitates diagnosis and linkage with treatment and care.
Geography- Segment Analysis
North America dominated the HIV Diagnosis Market with a region share 39% in 2019.Increasing health concerns along with the growing demand of advanced diagnosis test, increasing health expenditure and a better healthcare structure is a major factor driving its market growth. Furthermore, the presence of large number of laboratories and ease of availability of technology advanced instruments in that region is further driving its market growth.
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Drivers –HIV Diagnosis Market
- Increasing Patient count of HIV-AIDs
Increasing Patients count of HIV-AIDs is a major factor driving the HIV Diagnosis Market during the forecast period 2020-2025.Moreover, according to the Centers for Disease Control and Prevention an estimated 1.1 million people in the U.S. have HIV including 162,500 people who are unaware of their status. Nearly 40% of new HIV Infections are transmitted by people who do not know that they have the virus.
- Growing Incidences of Blood Transfusion & Blood Donation
Rising number of blood transfusion and blood donation across the world is driving the demand of HIV Diagnosis Market. As most of the people are unaware of the fact that they are suffering from HIV a certain blood transfusion or blood donation through them infects most of the people leading to greater demand of HIV diagnosis.
Challenges – HIV Diagnosis Market
- High Cost of HIV Diagnosis Test
High cost of HIV Diagnosis Test serves as a setback for the growth of HIV Diagnosis Market during the forecast period 2020-2025.Nucleic Acid Test (NATs) is very expensive and is not routinely used for HIV screening unless the person recently had a high risk of exposure with early symptoms of HIV Infections.
- March, 2018: South-south collaborated on HIV/AIDs prevention and treatment research. It allows sharing and replicating experiences to find a southern solution to meet shared health challenges such as access to adequate HIV/AIDs prevention and treatment.
- The antibody test accounted for the largest market share in 2019 owing to the benefits offered by Screening test, Confirmatory Test and Group O Diagnostic Test.
- In 2019, North America dominated the HIV Diagnosis Market owing to its increased health concern along with better health infrastructure.
- Increasing Patients count of HIV-AIDs is a major factor driving the HIV Diagnosis Market during the forecast period 2020-2025.
HIV Diagnosis Industry Outlook
Product Launches, Merger &Acquisitions, joint ventures and R&D activities are key strategies adopted by the players in HIV Diagnosis the Market. HIV Diagnostic Market top 10 companies are Abbott Laboratories, Alere Inc, Bio-Rad Laboratories, Hologic Inc, Merck KGaA, Roche Diagnostics, Siemens Healthinners, Thermo-Fisher Scientific Inc, Atomo Diagnostics and Bio Lytical Laboratories Inc.
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