Hepatitis Test Solution/Diagnosis Market worth $3.37 billion by 2023 - Exclusive Report by MarketsandMarkets™


Posted October 13, 2021 by mmvaidya

The base year considered for the study is 2017, and the forecast for the market size is provided for the period between 2018 and 2023.
 
According to the new market research report, "Hepatitis Test Solution/Diagnosis Market by Disease Type (Hepatitis B, HCV, HAV, HDV), Technology (ELISA, RDT, PCR, Transcription Mediated Amplification), End User (Hospitals, Diagnostic Laboratories, Blood Banks, Nursing Homes) - Global Forecast to 2023", The global hepatitis test solution/diagnosis market is expected to reach USD 3.37 billion by 2023 from USD 2.66 billion in 2018, at a CAGR of 4.9% during the forecast period (2018–2023).

Browse and in-depth TOC on Hepatitis Test Solution Market"
69 – Tables
29– Figures
112 – Pages

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Increasing number of blood transfusions & donations, high burden of hepatitis worldwide, benefits offered by point of care instruments & kits, and initiatives taken by government and non-government organizations are the major factors driving this market.

The ELISA segment is expected to hold the largest market share during the forecast period

On the basis of technology, the hepatitis test solution market is segmented into ELISA, rapid diagnostics test, PCR, INAAT, and other technologies. In 2018, the ELISA is expected to account for the largest market share, by technology. The wide acceptance of this test in clinical practices to diagnose hepatitis is the main factor driving this market.

The hepatitis C segment is expected to grow at the highest rate in the next five years

On the basis of disease type, the market is segmented into hepatitis B, hepatitis C, and other hepatitis disease. The hepatitis C segment is projected to grow at the highest CAGR during the forecast period. This growth is primarily attributed to the increasing incidence of HCV infections and limited vaccination coverage.

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North America is expected to dominate the hepatitis test solution/diagnosis market in 2018

North America is expected to account for the largest share of the global hepatitis test solution market in 2018. The large share of the North America region is primarily attributed to factors such as the rising adoption of advanced technologies, developed healthcare systems in the US and Canada, and the presence of a large number of leading national clinical laboratories.

The APAC region is expected to grow at the highest CAGR over the next five years. The growth of the hepatitis test solution market in this region is driven by the modernization of healthcare infrastructure, high burden of hepatitis infections, increased healthcare spending by a larger population base, and the rising penetration of cutting-edge clinical laboratory technologies.

The key players operating in this market include Abbott Laboratories (US), Roche (Switzerland), Bio-Rad (US), Siemens (Germany), DiaSorin (Italy), QIAGEN (Netherlands), bioMérieux (France), Danaher (US), and Grifols (Spain).

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Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags hepatitis test solution , hepatitis test solution market
Last Updated October 13, 2021