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HIV Diagnosis Market 2023 Based on Global and Regional Overview with Leading Companies Profile
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The software & services segment is projected to grow at the highest CAGR of 13.01% over the forecast period
The type segment is divided into consumables, instrument, and software and services. The software & services segment is projected to grow at the highest CAGR of 13.01% over the forecast period. Increasing adoption of software and services for the efficient and fast HIV diagnosis driving the growth of the market.
The antibody test segment dominated the global market and valued at USD 1.02 billion in the year 2020
The technology segment includes antibody test, viral load tests, CD4 tests, tests for early infant diagnosis, and tests for viral identification. The antibody test segment dominated the global market and valued at USD 1.02 billion in the year 2020. The antibody test is further classified into HIV-1 Screening Tests, HIV-1 antibody confirmatory test and HIV-2 & group O test. The antibody test is commonly used for the initial screening of HIV detection. It is the most widely used test across the globe, which is boosting the growth of the market.
The diagnostics laboratories held the largest market share of 51.23% in the year 2020
The end-use segment includes diagnostic laboratories, hospitals, blood banks, home care settings, others. The diagnostics laboratories held the largest market share of 51.23% in the year 2020. Well-developed laboratories and the availability of skilled professionals for the diagnosis is one of the key driving factors for the growth of diagnostics laboratories.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The North America region accounted for the major market share of 39.56% in the year 2020. The growth is mainly due to the increasing prevalence of HIV in countries such as the U.S. and Canada. In addition to this, the availability of reimbursement policies for the diagnosis of HIV in the U.S. further propelling market growth. On the other hand, The Asia Pacific region projected to grow at the highest CAGR of 12.8% over the forecast period. The growth is owing to increasing awareness about HIV/ AIDS in countries such as India, China, and many Southeast Asian countries.
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Competitive Analysis:
Major players in the global HIV diagnosis market are Alere Inc., Abbott Healthcare, Abbvie Inc., Bristol-Myers Squibb, Janssen Therapeutics, Gilead Sciences, Merck & Co. Inc, BD Biosciences, Beckman Coulter, Partec, Sysmex, PointCare Technologies Inc., ZyomyxInc, Mylaninc., Roche Diagnostics, Siemens Healthcare, Qiagen, and bioMerieux among others.
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