The global Human Immunodeficiency Virus (HIV) diagnostics market size is expected to reach USD 9.02 Billion in 2030 and register a revenue CAGR of 9.9% during the forecast period. The growing worldwide prevalence of HIV/AIDS, the increasing number of blood transfusions and blood donations, and increasing awareness programs by government and regulatory bodies are some factors that are expected to drive the market revenue growth. HIV attacks and weakens the body’s immune system against many infections and can lead to Acquired Immunodeficiency Syndrome (AIDS) when untreated. The virus can be transmitted through contact with semen, vaginal fluids, and infected blood. HIV can be diagnosed through a blood test. Most widely used HIV diagnostic tests detect antibodies produced by the person as part of their immune response to fight HIV.
Approximately 1.2 million people in the US have HIV and about 0.16 million people are unaware of their condition. HIV transmission can be prevented through testing. In addition, an increase in the prevalence of HIV and the subsequent increase in the number of patients suffering from AIDS has resulted in an increased demand for advanced technologies for HIV diagnostics, which is expected to boost market growth during the forecast period. Furthermore, increasing investments from private, government organizations in research activities for the development of effective and improved diagnostic techniques for treating HIV patients and the emergence of simple, rapid assays with visual testing are driving the growth rate of global HIV diagnostics market.
An analysis of HIV Diagnostics's growth rate, market share, market size, current and emerging trends, production and consumption ratios, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players is provided in the report, which has been segmented into key regions globally. This report provides a country-by-country analysis of the HIV Diagnostics market to give a clearer picture of its regional distribution and growth.
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In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
Siemens, F. Hoffman-La Roche Ltd., Abbott, Danaher, Thermo Fisher Scientific Inc., Merck KGaA, Becton, Dickinson and Company, Hologic Inc., Bioneer Corporation, and Bio-Rad Laboratories, Ltd.
Segments Covered in the Report
By Product OutlookRead the full report @ https://www.reportsanddata.com/report-detail/hiv-diagnostics-market
Based on Region market is segmented into:
Major Points covered in this report are as below:
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