Latin America HIV Diagnostics Market Growth at a CAGR of 10.2%, 2016-2021 - Latest Challenges and Trends

The Latin America HIV Diagnostics Market was worth USD 347.81 million in 2016 and estimated to be growing at a CAGR of 10.2%, to reach 565.26 million by 2021. The human immunodeficiency virus (HIV) refers to a kind of retrovirus that causes (AIDS). HIV affects some immune cells and it weakens immune system bringing about loss of capacity to fight against the organisms that causes diseases.

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HIV infection has no cure however there are medicines which help to balance out or decrease this infection so it doesn't prompt to AIDS. HIV diagnostics market is developing at a significant rate because of increment in the HIV infected cases and developing awareness about the same. The present situation is like various POC/rapid tests are under clinical advancement and examination in the item pipelines of significant market members and are relied upon to acquire regulatory approval in various local segments of the market. This normal increment in the quantity of item offerings to the worldwide market space is required to fuel the development of the HIV diagnostics industry over the forecast period.

Major factors driving the market are, the technological advancement of disease diagnostic tests, and the foreseen improvement and commercialization of novel, regulatory authorities approved POC and rapid CD4, p24 antigen and EID tests; it is expected that all the major regional market segments will witness an expansion in market demand over the forecast period. There is a need to increase in introducing easily accessible, efficient robust diagnostics tests. Because of the financial resource constrained settings in a huge share of the disease affected regions it is as yet not feasible to perform the current, complex screening, staging and monitoring tests. This is either because of the absence of adequate testing labs or an absence of prepared clinical technicians capable of performing the tests. These limitations of laboratory based testing are a catalyst to the improvement of convenient and simple to execute point of care, rapid tests.

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The Latin America HIV Diagnostics Market is segmented on the basis of Type, Product, End-User and geography. Based on Type, market is segmented into HIV-2 & Group O Diagnostic Tests, Antibody Tests, Viral Identification Tests, Viral load testing, CD4 Testing, Early Infant Diagnostics. Further on the basis of Antibody tests market is segmented into (Rapid Tests, HIV-1 Screening tests- Elisa/EIA, Home Access Dried blood spots), (HIV-1 Antibody Confirmatory Tests- Western Blot Test, Line immunoassays(Cnf), Indirect immunofluorescence Assays(IFA), Radio immunoprecipitation Assays(RIPA)). Based on product, market is segmented into Instruments, Consumables (Assays and Kits & Reagents, Other consumables), Software & Services. Based on HIV-2 and Group O Diagnostic Tests market is further dived into DBS Tests, Blood Antibody Tests, Line Immuno Assay (HIV-2) and based on Viral Identification Tests, market is segmented into p24 Antigen Test, Viral Culture, Qualitative PCR Tests. On the basis of geography, the Latin America market is analyzed under various regions namely Brazil, Argentina, Mexico.
Some of the key companies leading the market, by their products as well as services include Abbott Healthcare, Brsitol-Myers Squibb, Alere Inc., Abbvie Inc., Janssen Therapeutics, Gilead Sciences, Merck & Co. Inc, BD Biosciences, Beckman Coulter, VIIV Healthcare, Partec, Sysmex, Apogee Flow Systems, Mylan inc., PointCare Technologies Inc., Zyomyx Inc., Qiagen, Siemens Healthcare, Roche Diagnostics, and bioMerieux.

Market Segmentation

1) Product
• Introduction
• Consumables
• Assays and Kits &Reagents
• Other Consumables
• Instruments
• Software & Services
• Y-o-Y Growth Analysis, By Product
• Market Attractiveness Analysis, By Product
• Market Share Analysis, By Product

2) Type
• Introduction
• Antibody Tests
• HIV Screening Tests
• Elisa
• Rapid Tests
• Home Access Dried Blood Spots
• HIV-1 Antibody Confirmatory Tests
• Western Blot Tests
• Indirect Immunofluorescence Assays (IFA)
• Line Immunoassays
• Radio-Immunoprecipitation Assays
• HIV-2 & Group O Diagnostic Tests
• Blood Antibody Tests
• DBS Tests
• Line ImmunoAssay (HIV2)
• Viral Identification Tests
• P24 Antigen Test
• Qualitative PCR Tests
• Viral Culture
• CD4 Testing
• Viral Load testing
• Early Infant Diagnostics
• Y-o-Y Growth Analysis, By Type
• Market Attractiveness Analysis, By Type
• Market Share Analysis, By Type

3) End User
• Introduction
• Diagnostic Laboratories
• Hospitals
• Blood Banks
• Home Care Settings
• Other End Users
• Y-o-Y Growth Analysis, By End User
• Market Attractiveness Analysis, By End User
• Market Share Analysis, By End User

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Reasons to buy Latin America HIV Diagnostics Market Research Report:

• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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