Industry Background:
Laboratory diagnosis of HIV infection is generally focused on the detection of antibody to HIV. However, the new generation assays also incorporate HIV antigen detection to increase the sensitivity of the assay. In this way, an HIV antigen-antibody combination assay is helpful in closing the window period (the time between HIV infection and appearance of antibodies to HIV) as HIV antigen is present in the blood before antibodies to HIV can be detected. The rapid testing methods by HIV kits monitor critical control points in real time, thereby results in reduced the turn-around-time (TAT) for disease identification which is leading to more and more adoption of HIV kit testing market. The HIV/AIDS testing market is anticipated to grow during the forecasted period due to the rising awareness about HIV and AIDS.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Roche Holding AG (Switzerland), Abbott Laboratories (United States), Bio-Rad Laboratories, Inc. (United States), WanTai BioPharm Co.Ltd. (China), Beckman Coulter Inc. (United States), Becton Dickson & Company (United States), Shanghai Kehua Bio-engineering Co. Ltd (China), Livzon Pharmaceuticals Co.Ltd. (China), Intec Company, Inc. (United States), ThermoFisher Scientific (United States) and Biokit S.A. (Spain) |
According to AMA, the market for HIV Test Kits is expected to register a CAGR of 7.23% during the forecast period to 2030. This growth is primarily driven by Growing Preferences for Self-Testing Of In-House Commercialized Kits in Laboratories, Improved Manufacturing Process, Ensured Product Safety and Decreased Overall Cost, Accurate Results Provided By the HIV Test Kits and High Demand these Kits for HIV Testing..
Globally, a noticeable market trend is evident Growing Preference for HIV Self-Testing at Home Setting
The Health Care Supplies sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Roche Holding AG (Switzerland), Abbott Laboratories (United States), Bio-Rad Laboratories, Inc. (United States), WanTai BioPharm Co.Ltd. (China), Beckman Coulter Inc. (United States), Becton Dickson & Company (United States), Shanghai Kehua Bio-engineering Co. Ltd (China), Livzon Pharmaceuticals Co.Ltd. (China), Intec Company, Inc. (United States), ThermoFisher Scientific (United States) and Biokit S.A. (Spain), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The HIV rapid test kits market is characterized by the presence of established global players. The market is competitive and the vendors are increasingly competing against each other based on factors such as aggressive pricing, product differentiation, capital support for product or technology upgradation, and distribution partnerships, and technological advancements.
Key Developments in the Market:
In February 2023, Mylab Discovery Solutions, headquartered in Pune, India, announced the introduction of three novel rapid kits designed for the prompt and early detection of sexually transmitted infections (STIs) including Human Immunodeficiency Virus (HIV), Hepatitis C Virus (HCV), and Syphilis.
In November 2022, Chembio Diagnostics sought a CLIA waiver from the U.S. FDA for its DPP HIV-Syphilis System, showcasing a commitment to advancing diagnostic solutions.
Influencing Trend:
Growing Preference for HIV Self-Testing at Home Setting, The Presence of HIV-1/2 Antibodies or The HIV-1 P24 Antigen and Campaigns like Live2LUV Helped in Promoting Education on Sexual Wellness
Market Growth Drivers:
Growing Preferences for Self-Testing Of In-House Commercialized Kits in Laboratories, Improved Manufacturing Process, Ensured Product Safety and Decreased Overall Cost, Accurate Results Provided By the HIV Test Kits and High Demand these Kits for HIV Testing.
Challenges:
Variability in HIV Testing Procedures
Restraints:
Alternatives like Nucleic Acid Test Used for Testing HIV in Laboratories, The Cost Factor Associated With HIV Testing Kits and Inaccuracy in Results While Testing A Large Number Of HIV Samples
Opportunities:
The Government's Initiatives to Create Awareness Regarding HIV Testing and Advantages Of HIV Test Kits
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in HIV Test Kits Market
- Analysis about New Entrants in HIV Test Kits Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, HIV Test Kits Study Sheds Light on
The HIV Test Kits Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the HIV Test Kits industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where HIV Test Kits industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.