HIV-AIDS Testing Market by End-users and Geography - Forecast and Analysis 2019-2023

The global HIV-AIDS testing market size will grow by USD 1.6 billion during 2019-2023. This market report provides a detailed analysis of the market by end-users (diagnostic laboratories, hospitals, and others) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Abbott Laboratories, Becton Dickinson and Co., bioMérieux SA, Bio-Rad Laboratories Inc., Danaher Corp., F. Hoffmann-La Roche Ltd., OraSure Technologies Inc., PerkinElmer Inc., QIAGEN NV, and Siemens Healthineers AG.

Key Insights on HIV-AIDS Testing Market - Global Forecast 2019-2023

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Industry Overview

The growing access to fourth-generation testing products has been identified as one of the critical HIV-AIDS testing market trends. Healthcare providers and clinicians are increasingly adopting fourth-generation HIV tests for earlier identification and treatment of HIV. Fourth-generation HIV tests can detect both P24 antigen and HIV antibodies which allow healthcare service providers to detect the presence of HIV infection sooner with greater accuracy than conventional processes. Market vendors are also focusing on improving the specificity of fourth-generation HIV tests. The recommendation by national and international healthcare authorities, such as the US FDA, WHO, and the European Centre for Disease Prevention and Control (ECDC) will further boost the popularity of fourth-generation HIV testing products among healthcare service providers. This will have a positive influence on the growth of the HIV-AIDS testing market throughout the next five years.

According to our HIV-AIDS testing market forecast report, the government support for HIV research and favorable recommendations on HIV testing will also be a significant factor driving market growth. Governments across the world are focusing on establishing efficient healthcare infrastructure for the timely detection and treatment of HIV infections which will allow them to minimize the spread of the disease. For instance, the US government provides federal funding in the form of direct grants, cooperative agreements, and contracts to support awareness, treatment, and prevention of HIV infection. The European Commission has also made significant investments in HIV research and the development of HIV viral load tests. Favorable recommendations by government authorities have boosted the adoption of routine HIV testing among adults, adolescents, and pregnant women. These factors are expected to fuel the adoption of HIV-AIDS testing products, driving the growth of the market at a CAGR of over 10% during the forecast period.

Top Companies in HIV-AIDS Testing Market

The global market is concentrated. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this HIV-AIDS testing market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

The report offers a detailed analysis of several companies, including:

• Abbott Laboratories
• Becton Dickinson and Co.
• bioMérieux SA
• Bio-Rad Laboratories Inc.
• Danaher Corp.
• F. Hoffmann-La Roche Ltd.
• OraSure Technologies Inc.
• PerkinElmer Inc.
• QIAGEN NV
• Siemens Healthineers AG

Market Segmentation

HIV-AIDS Testing Market by End-users

• Diagnostic laboratories
• Hospitals
• Others

Over the forecast period, the maximum demand for HIV-AIDS testing solutions will originate from diagnostic laboratories. The presence of dedicated and sophisticated instruments for HIV-AIDS testing, continuous development of testing technologies, and increasing investments in the development of HIV testing laboratory infrastructure are some of the factors driving HIV-AIDS testing market growth in this segment. This market research report provides an accurate prediction of the contribution of all the segments to the growth of the HIV-AIDS testing market size.

HIV-AIDS Testing Market by Region

• Asia
• Europe
• North America
• ROW

With a complete study of the growth opportunities for the companies, it has been identified that North America will account for the highest HIV-AIDS testing market share throughout the forecast period. Factors such as the availability of advanced HIV-AIDS testing products and rising focus of governments on preventing the spread of HIV infections will contribute to the growth of the market in this region.

Major Highlights of the HIV-AIDS Testing Market - Global Forecast 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the HIV-AIDS testing market during the next five years
• Precise estimation of the global HIV-AIDS diagnostics market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the HIV-AIDS testing industry across Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of HIV-AIDS testing companies