Human Papillomavirus Testing Market Scope
Human papillomavirus is a kind of virus that is common in the reproductive tract among women and men. The virus is also responsible for cervical cancer, which stands at fourth number among women. The infection transmits during the interval of intercourse and common in those who are sexually active. The testing of the virus through various methods/devices available in the market at several centers such as hospitals and laboratories, defined as the papillomavirus testing market. increasing awareness about the link between the human papillomavirus and cervical cancer coupled with the unmet need for accuracy in diagnostic testing. Failure of human papillomavirus detection by primary screening tests due to less sensitivity and false-negative results makes a positive impact on the market for human papillomavirus testing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Abbott Laboratories (United States), Hologic Inc. (United States), Qiagen N.V. (Netherlands), F. Hoffmann-La Roche Ltd. (Switzerland), Quest Diagnostics (United States), OncoHealth Corporation (United States), Becton, Dickinson and Company (United States), Roche Diagnostics (Switzerland), Femasys Inc. (United States), Arbor Vita Corporation (United States) and Fujirebio (United States) |
CAGR | 10.3% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Human Papillomavirus Testing market throughout the predicted period.
Abbott Laboratories (United States), Hologic Inc. (United States), Qiagen N.V. (Netherlands), F. Hoffmann-La Roche Ltd. (Switzerland), Quest Diagnostics (United States), OncoHealth Corporation (United States), Becton, Dickinson and Company (United States), Roche Diagnostics (Switzerland), Femasys Inc. (United States), Arbor Vita Corporation (United States) and Fujirebio (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are bioMérieux SA (France), Seegene, Inc. (South Korea) and Guided Therapeutics (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Human Papillomavirus Testing market by Type , by Application (Immunoassays, Monoclonal and Polyclonal Antibodies, Microarrays, Molecular Diagnostics, Chromosome Analysis, Flow Cytometry, Artificial Intelligence, Microcomputers and Biosensors) and Region with country level break-up.
On the basis of geography, the market of Human Papillomavirus Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2023, the Serum Institute of India announced the launch of CERVAVAC, India's first indigenously developed quadrivalent HPV vaccine.
"In August 2020, the World Health Organization passed a goal calling for the end of cervical malignant growth and embracing a methodology to get it going. It is a demonstration of the energy for this significant objective that, even with regards to the COVID-19 pandemic, nations around the globe have insisted on their help for this significant need.
American cancer society updates guidelines for cervical cancer screening. The updated guideline recommends that individuals with a cervix initiate cervical cancer screening at age 25 and that primary human papillomavirus (HPV) testing (HPV testing without the Pap test) every 5 years be the preferred method of testing through age 65.
Influencing Trend:
Rising Healthcare Spending in Developing Economies
Market Growth Drivers:
Increasing Number of Cervical Cancer Cases and Growing Aging Population, Increasing Awareness of Cervical Cancer Screening Programs and Government Initiatives and Funding
Challenges:
Uncertain Reimbursement Scenario
Restraints:
Changes in Regulatory Guidelines for Cervical Cancer Screening and Human Papillomavirus Vaccination
Opportunities:
Increasing Prevalence of Cervical Cancer
Key Target Audience
Human Papillomavirus Testing Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others