Global HIV Diagnostics Market to grow at 9.5% CAGR from 2016 to 2023: Global Market Insights Inc. The research report “HIV Diagnostics Market Size By Product [Antibody Tests (HIV-1 Screening, ELISA/EIA, Home Access Dried Blood Spot, Rapid Test, HIV-1 Confirmatory Steps, Western Blot, Indirect Immunoflorescent Antibody Assay (IIFA), Line Immunoassay , RadioImmuno Precipitation Assay (RIPA), HIV-2 & Group O Test, Blood Antibody, Dried Blood Spot), Viral Identification Assay (p24 Antigen, Qualitative PCR, Viral Culture), CD4, Viral Load, Early Infant Diagnosis], Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Japan, China, South Africa, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, by Global Market Insights, Inc. says Global HIV Diagnostics Market size contributed about $2.41 billion for 2015 and is expected to register CAGR of about 9.6% by end of forecast period. Rising cases of HIV (human immunodeficiency virus) and fast medical breakthroughs in terms of point of care diagnostics is predicted to drive HIV diagnostics market trends during forecast timeline. HIV is found to be most common ailment, particularly in resource limited areas due to low health consciousness among the people and successful execution of antiretroviral treatment program. Rising occurrence of HIV has resulted in growing concerns among government to promote investments in events aimed at eradicating burden prices of HIV. Many such events include encouraging people to go for regular checkups. Multinational healthcare units like UNITAID spread HIV awareness and fund new technologies for treating and annihilating HIV.
Increasing point of care diagnostics sector is projected to favorably affect global HIV diagnostics industry. Different aspects like cost efficacy, toughness, minimal device requirement and quick diagnosis are anticipated to promote HIV point of care diagnostics sector. Technological breakthroughs in biochemical engineering for designing these tests in order to permit consecutive identification and quantification of many targets with use of limited resource settings are projected to propel industry expansion. Product Trends Global HIV diagnostics industry is segmented into various products like viral load, early infant diagnosis, antibody tests, viral identification assay and CD4.
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