Human immunodeficiency virus (HIV) rapid test kits market to grow by USD 294.96 million from 2023 to 2028; North America to account for 40% of market growth- Technavio
NEW YORK, Nov. 17, 2023 /PRNewswire/ -- The human immunodeficiency virus (HIV) rapid test kits market size is expected to grow by USD 294.96 million from 2023 to 2028. In addition, the momentum of the market will progress at a CAGR of 6.52% during the forecast period, according to Technavio Research. The market is segmented by end-user (Diagnostic centers, Hospitals, and clinics), type (HIV rapid immunoassay test and HIV rapid molecular diagnostic test), and geography (North America, Europe, Asia, and Rest of World (ROW)). North America to account for 40% of market growth. The upsurge in the number of people diagnosed with HIV is growing the demand for HIV rapid test kits for immediate diagnosis, thereby boosting the growth of the market in North America.
This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read a Free PDF Sample Report
Company Profile:
Abbott Laboratories, AccuQuik Test Kits, Amkay Products Pvt. Ltd., Becton Dickinson and Co., Bhat Bio Tech India Pvt Ltd., bioLytical Laboratories Inc., bioMerieux SA, Chembio Diagnostics Inc., Danaher Corp., DrSafeHands, F. Hoffmann La Roche Ltd., Fujirebio Holdings Inc., Healgen Scientific, LLC, Hologic Inc., J. Mitra and Co. Pvt. Ltd., MP Biomedicals Inc., Oragenics Inc., OraSure Technologies Inc., Pathkits Heathcare Pvt. Ltd., and SHINE SA
- J. Mitra and Co. Pvt. Ltd.: The company offers human immunodeficiency virus (HIV) rapid test kits namely HIV TRIDOT rapid visual test
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The market share growth by the diagnostic centers segment will be significant during the forecast period. The raised awareness among the population pertaining to the benefits of early detection of HIV, and the availability of a broad range of HIV rapid tests are the key factors that are contributing to the demand for HIV diagnostic services.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report
Human Immunodeficiency Virus (HIV) Rapid Test Kits Market: Driver & Trend:
Key Drivers-
- Rise in awareness programs for HIV testing
- Growing demand for point-of-care testing for HIV
- Early detection of HIV
Early detection of HIV is the key factor driving market growth. AIDS, caused by HIV infection, has become a global health threat, leading to millions of individuals being diagnosed with the disease. Thus, many market players are offering innovative and efficient products for HIV diagnosis.
- Efforts to increase pre-marital screenings for HIV are the primary trend shaping market growth. Identify key trends, drivers, and challenges in the market. Download a sample to gain access to this information.
Related Reports:
The HIV drugs market is estimated to grow by USD 10,477.51 million at a CAGR of 5.46% between 2022 and 2027.
The point of care (POC) HIV testing market is estimated to grow by USD 290.77 million at a CAGR of 2.91% between 2022 and 2027.
What are the key data covered in this human immunodeficiency virus (HIV) rapid test kits market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the human immunodeficiency virus (HIV) rapid test kits market between 2023 and 2028.
- Precise estimation of the human immunodeficiency virus (HIV) rapid test kits market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the human immunodeficiency virus (HIV) rapid test kits market across North America, Europe, Asia, and ROW
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of human immunodeficiency virus (HIV) rapid test kits market vendors.
ToC:
Excustive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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