Hepatitis Test Solution/Diagnosis Market Analysis By Disease Type (Hepatitis A, Hepatitis B, Hepatitis C), Technology, Trends, End-Users, Key Players, Trends and Insights Forecast To 2023
— The global Hepatitis Test Solution/Diagnosis Market share to witness CAGR of 4.9% during the forecast period (2018-2023), Market Research Future (MRFR) reveals. Hepatitis testing helps in determining the genotype of hepatitis that triggers the ailment. The test also helps understand the method of treatment ideal for the patient. As different hepatitis viruses cause almost similar symptoms, a series of diagnostic test is required for identifying the virus, which is the real cause of the disease. These factors accelerate product demand in the market to a great extent.
The global hepatitis test solution and diagnosis market could expect strong growth in the subsequent years as a result of the surge in cases of viral hepatitis as well as autoimmune diseases Increasing healthcare spending is another critical factor that could work in favor of the market in the near future.
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Throughout the assessment period, demand from China, South Korea, Turkey, India, Brazil, and South Africa is most likely to accelerate. As a result, the growing prospects across developing economies are presumed to support market growth. The major traction of the market in the future could be in response to the rising healthcare expenditure and investment, combined with the increasing disposable income of consumers. Additional factors promoting market growth include surging medical tourism, coupled with the presence of a huge number of undiagnosed cases.
Hepatitis Test Solution/Diagnosis Market Segmentation
The global market of hepatitis test solution/diagnosis has been segmented by
Depending on the disease type, the hepatitis test solution/diagnosis is segmented into
The global hepatitis test solution/diagnosis market, by technology segmented into
Enzyme-Linked Immunosorbent Assay (ELISA)
Rapid Diagnostic Tests (RDT)
Polymerase Chain Reaction (PCR)
Isothermal Nucleic Acid Amplification Technology (INAAT)
The various end-users in the hepatitis test solution/diagnosis market are
Hospital & Diagnostic Laboratories
Hepatitis Test Solution/Diagnosis Market Regional Insights
Middle East & Africa
The Americas is touted to be the leading hepatitis test solution/diagnosis market in the coming years. The rise in bacterial infection and adoption of clinical practices for a variety of disease treatment result in the superlative growth of the regional market. The Centers for Disease Control and Prevention (CDC) reveals that in 2016, almost 2,967 cases of acute hepatitis C infection were estimated in the United States (US).
In 2017, Europe covered the second largest share in the global hepatitis test solution/diagnosis market. Rising HIV cases, increasing kidney problems, and other infectious diseases lead to hepatitis infection, which accelerates the product demand in the region. The World Health Organization states that in 2018, close to 14 million people in Europe suffered from Hepatitis C, accounting for 20% of the worldwide cases of hepatitis. The massive pool of hepatitis afflicted patients in the region is slated to favor market growth.
Asia Pacific was identified as the fastest expanding hepatitis test solution/diagnosis market in 2017. The regional market benefits from advanced healthcare infrastructure as well as rising burden of hepatitis infections. The surge in healthcare spending and increasing penetration of sophisticated clinical laboratory technologies could also fortify market growth in the ensuing years.
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Middle East and Africa
Lastly, Middle East and Africa was the smallest market for hepatitis test solution/diagnosis. The region comprises countries with weak economy and poor healthcare infrastructure along with low per capita income. These factors stunt the growth of the regional market.
Hepatitis Test Solution/Diagnosis Market Key Players
Key Players operating in the worldwide hepatitis test solution/diagnosis market are
Siemens Healthineers (UK),
Bio-Rad Laboratories (US),
Fujirebio, Inc. (Japan),
Abbott Laboratories Inc. (US),
MedMira, Inc. (US),
Biomérieux Sa (France),
Roche Diagnostics (UK),
Danaher Corporation (US)
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Name: Akash Anand
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Organization: Market Research Future
Release ID: 88895948