Global HIV Diagnostics Market was Worth US$ 3.88 Bn in 2021, Growing at an Estimated CAGR of 10.6% over the Forecast Period
It is of no doubt that the mankind has made massive progress, but there are certain things that need to be worked upon. Acquired Immunodeficiency Syndrome (AIDS) happens to one such disease of which the complete cure is yet to be found. Despite tremendous technological advancements witnessed by the medical science, the world has been unsuccessful in battling AIDS or the virus that causes it. Human Immunodeficiency Virus (HIV) causes an infection which ultimately turns into the dreadful AIDS. As this virus can be transmitted via numerous ways like unprotected sex or blood transmission, the medical science have managed to prevent its spread. Use of condom has been of great help in safeguarding the planet from this disease on a larger extent. The only positive after being contracted with HIV is that if detected early, the medical fraternity can help one live a normal life and also save the unborn child from getting infected. While the root cause of this virus or its origin still remains a debatable topic, newer ways of diagnosis are being sought. The global HIV diagnostics market is aggressively growing owing to multiple factors.
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The COVID-19 pandemic helped the global HIV diagnostics market flourish at the time when most of the markets suffered. People with co-morbidities or already battling HIV were under threat of getting infected with the coronavirus. The reason behind this was that the HIV positive patients had a weak immunity and extra cautiousness was required.
One of the biggest factor that has been helping in the growth of the global HIV diagnostics market is higher awareness among people regarding this dreadful disease. If the infection is detected early, the person can be saved. People are skeptical about getting themselves tested for HIV and this is playing a restraining factor in the growth of the global HIV diagnostics market. Though the situation is rapidly changing. Rising awareness in various countries about importance of getting tested for HIV is the reason why the global HIV diagnostics market is forecasted to see tremendous growth over the period of next many years.
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Global HIV Diagnostics Market Report Findings:
- With the help of several medications, if detected in early stages, the person infected can live an extremely normal life and this helps the global HIV diagnostics market grow rampantly.
- Those people are shy or skeptical to get themselves tested for the HIV are finding solace in home testing kits which can be ordered online. This is the reason why online distribution channel is expected to see fastest growth.
- The region of Asia Pacific is forecasted to see growth at the fastest speed for the global HIV diagnostics market. Rampant government initiatives in countries like India regarding of safe sex, use of sanitized syringes and shaving blades is helping the battle against this dreadful disease and this market grow rapidly.
Some of the major players operating in the global HIV diagnostics market are listed below:
- Beckman Coulter, Inc.
- Bio-Rad Laboratories
- Bristol Myers Squibb
- Chembio Diagnostics, Inc
- F. Hoffmann-La Roche Ltd
- Janssen Pharmaceutica NV
- Merck & Co. Inc.
- OraSure Technologies, Inc.
- Siemens Healthcare Private Limited
- Other Market Participants
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Global HIV Diagnostics Market
- Kits and Reagents
- Software and Instruments
By Test Type
- Antibody tests
- Antigen/ antibody tests
- Nucleic Acid Tests (NAT)
- CD4 cell count testing
- ELISA Test
By Distribution Channel
By End User
- Diagnostic Laboratories
- Blood Banks
- Homecare Settings
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- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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