The early diagnosis of the human immunodeficiency virus (HIV) accelerates the process of treatment, preventing the further transmission of the virus in the body. In this context, the global HIV diagnostics market is positioned on a strong growth trajectory. Various other key factors such as the test’s secrecy, and availability of appropriate counselling, are also providing impetus to the market growth. Apart from that, government authorities around the world are running awareness campaigns about HIV diagnostics and testing processes. Witnessing such a business landscape, key market players have increased investments in HIV diagnostic RD. The improved point-of-care (POC) kits and equipment have already seen remarkable adoption. Therefore, during the study period, the market is expected to witness robust expansion, on the back of increasing diagnostic capabilities.
For More Industry Insight Read:
https://www.fairfieldmarketresearch.com/report/hiv-diagnostics-market
Rapid HIV Tests to Gain Prominence in HIV Diagnostics Market
The growing demand for rapid HIV tests is directly coinciding with the expansion of the HIV diagnostics market growth. After a Nucleic Acid Test (NAT) or antigen/antibody lab test, it takes several days for patients to receive their test results. However, with HIV rapid tests, individuals get results in just 20-30 minutes, hence eliminating the anxiety associated with waiting for results. Another benefit of these tests is that individuals can test for HIV antibodies within the privacy of their homes. International health organisations have noted that the convenience of testing from home is expected to increase rates of testing. People who are less likely to visit clinics are, in particular, more inclined towards these tests.
Development of Viral Load Testing to Boost Growth Prospects
The HIV diagnostics market is categorised into antibody testing, viral load testing, and Clusters of differentiation 4 (CD4) testing. The market is witnessing a significant boost from the viral load test. Such tests determine the viral load in a patient's body, enabling healthcare practitioners to monitor HIV infection and understand the efficacy of the treatment. With modern point-of-care molecular testing, these tests can also be carried out outside of laboratories. The robust product line-up in the sector further augments the demand for viral load testing. Consequently, against this backdrop, the market is expected to reach sound maturity in the upcoming years.
North America to Lead Global HIV Diagnostics Market Owing to Advanced Healthcare Infrastructure
The rising prevalence of HIV coupled with an advanced healthcare infrastructure is enabling North America to gain an edge in the global HIV diagnostics industry. The frequent free-of-cost counselling, and sexually transmitted diseases (STDs) testing campaigns run by the local government are playing an eminent role in market expansion. Moreover, the key industry participants in the region are directing considerable resources to product innovation. Over the projected period, all these factors are expected to bode well for the market here.
Prominent Market Players
Some of the major players in the HIV diagnostics industry include Dickinson and Company (US), Abbott Laboratories (US), Hologic, Inc. (US), Merck KGaA (Germany), Roche Diagnostics (Switzerland), Danaher Corporation (US), Siemens AG (Germany), Becton, Alere Inc. (US), Thermo-Fisher Scientific Inc. (US), and Bio-Rad Laboratories.
Get Sample/Toc Copy Of Report:
https://www.fairfieldmarketresearch.com/report/hiv-diagnostics-market/request-toc
Latest Trending Reports:
- Urology Disposables Market: Top Challenges to Face in 2022-2029: https://www.openpr.com/news/2930979/urology-disposables-market-top-challenges-to-face-in-2022-2029
- Kidney Function Test Market: Recommendations to Deal with Industry Restraints 2022-2029: https://www.openpr.com/news/2930980/kidney-function-test-market-recommendations-to-deal-with
- Glaucoma Treatment Market: Reliable Industry Size and CAGR Predictions for 2022-2029: https://www.openpr.com/news/2930964/glaucoma-treatment-market-reliable-industry-size-and-cagr
- Automated Microscopy Market Growth Drivers, Business Strategies and Future Prospects (2022-2029): https://www.openpr.com/news/2930973/automated-microscopy-market-growth-drivers-business
- Automated Parking System Market: Verified Value and Volume Forecasts up to 2029: https://www.openpr.com/news/2930944/automated-parking-system-market-verified-value-and-volume
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published updated to ensure the ever-changing needs of customers are met with absolute promptness.
Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA (Toll-free) +1 (844) 3829746
Web: https://www.fairfieldmarketresearch.com/
Email: sales@fairfieldmarketresearch.com
Follow Us: LinkedIn
