HIV Diagnostics Market share to be dominated by antibody tests segment whose industry share to exceed $1.5bn by 2023

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HIV Diagnostics Market Analysis, Industry Trends
by 2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of HIV Diagnostics Market

• Global HIV diagnostics market size was 2400
  million for 2015 and is predicted to register
  CAGR of 9.5 during the forecast period. Due to
  technological innovations in disease diagnostic
  tests and rapid development of CD4, EID and P24
  tests, the global industry is predicted to record
  an enhanced growth during forecast period.
• Simple amplification based assay - a blood
  diagnostic kit created by Cambridge university
  scientists received the Popular Prize at
  European Inventor award ceremony held on June 9,
  2016 by European patent office. This kit can
  identify ailments like hepatitis B and HIV within
  less than 90 minutes by taking blood sample of
  the patient.
• The test cost only 17 and is same as pregnancy
  test where one stripe is positive and second is
  negative. This kit was used to test 40,000
  persons for HIV in rural Africa. According to
  Helen Lee, who headed the team of Cambridge
  university researchers to develop the device,
  said that just a single drop of blood sample
  helps in detecting and treating the ailments in
  rural areas.

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Continued

• Thailand has become the first Asian nation to
  eradicate mother to child HIV transmission as per
  WHO reports achieving a greater milestone in its
  fight against the dreaded disease. Describing the
  eradication as an outstanding achievement, WHO
  said that Thailand was the first nation with
  large HIV endemic to assure an AIDS free
  population.
• This pronouncement is a boost for Thai health
  workers who have changed the country from one of
  the Asias most HIV ravaged communities to pin up
  the problem of efficiently handling the disease.
• According to WHO, routine screening tests
  conducted for HIV infected pregnant women along
  with free medication facilities in the country
  played a key role in preventing transmission of
  HIV virus from mother to child. The global HIV
  diagnostics market is segmented into key
  geographical regions including North America,
  Asia Pacific, Latin America, Europe and MEA.
• North America accounted for biggest revenue share
  of global HIV diagnostics market for 2015
  contributing about 946 million to the total
  revenue.

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U.S. HIV Diagnostics Market Size, by Product,
2012 - 2023 (USD Million)

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