Hepatitis Test Solution Diagnosis Market is expected to grow significantly over the forecast period. It is anticipated that the market held a value of USD 3233.89 Million in 2030 and is projected to register a 3.86% CAGR over the forecast period.
The patient suffering from hepatitis infection faces many symptoms such as poor appetite, weakness, weight loss, itching on skin, jaundice, dark-coloured urine, swelling on legs, drowsiness and many more. The key factors responsible to drive the market are rising awareness regarding the disease, growing adoption of innovative technologies, and increasing health care expenditure. According to the World Health Organization (WHO) 2018 fact sheet, it was estimated that 71 million population across the globe have chronic hepatitis C and it was also mentioned that approximately 399,000 number of people die each year from hepatitis infection. Such a large population affected by hepatitis infection boosts the Hepatitis Test Solution Diagnosis Market Overview growth.
With respect to disease type, the hepatitis test solution diagnosis industry can be dissected into hepatitis C, hepatitis B, hepatitis A, and more.
Major technologies reviewed in the research study are enzyme-linked immunosorbent assay (ELISA), genotyping, nucleic acid testing (NAT), chemiluminescence immunoassay (CLIA), rapid diagnostic tests (RDT), and others.
The top end-users in the global industry are clinics, blood banks, diagnostic laboratories, research institutes, hospitals, among others.
Key Players
Some of the key players in the global hepatitis test solution/diagnosis market are Abbott Laboratories Inc. (US), Biomérieux Sa (France), Bio-Rad Laboratories (US), Danaher Corporation (US), Diasorin (Italy), Fujirebio, Inc. (Japan), Grifols (USA), MedMira, Inc. (US), Qiagen (UK), Roche Diagnostics (UK), Siemens Healthineers (UK) and Others.
The American market is all set to procure the top position in the forthcoming years, thanks to the burgeoning patient population affected by hepatitis and the dominance of highly renowned players like Vertex Pharmaceuticals Incorporated, AbbVie Inc., Bristol-Myers Squibb Company, Abbott, Bio-Rad Laboratories Inc, Beckman Coulter, Inc., and Hologic, Inc. over the region. The extensive availability of superior medical facilities focused on hepatitis test solution diagnosis also play an instrumental role in the market expansion.
APAC can quite possibly achieve the fastest advancement rate owing to the expansive patient pool that suffers from hepatitis combined with the escalating number government initiatives and the rising involvement of private firms setting up awareness campaigns. The surge in public expenditure for healthcare in line with the improving GDP combined with the high prevalence of heavy smoking and alcohol consumption also benefit the market. The success of the hepatitis test solution diagnosis market is also to the result of the effective steps being taken by the pharmaceutical industry in catering to the unmet healthcare needs of people in the region.
Europe is the second-place holder in the global market, with the strong influence from the rising growing awareness level with regard to hepatitis and the surging cases among the population. The government spending on healthcare sector has been growing significantly, with major focus on research and development activities as well as infrastructural development that could help healthcare providers provide quality service to patients.
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