Global POC HIV Testing Market 2018-2022

The global POC HIV testing market is forecasted to reach a value of almost USD 465 million by 2022, driven by advancements in technology and growing involvement of private players in the R&D of new products. This study provides an extensive analysis of the POC HIV testing market by covering all aspects that are likely to make an impact on the growth of the industry. This market research report critically examines the competitive landscape and includes some key POC HIV testing vendors that include like Abbott, BD, and bioMérieux.

Here are some key facts about the POC HIV testing industry in Technavio’s market research report

Increase in HIV affected population across the world is driving the demand for rapid HIV test procedure

Technavio’s analysts have identified the growing cases of HIV worldwide as the major factor to drive the growth of POC HIV testing market during the forecast period. According to the World Bank, the prevalence of HIV among the age group of 15 to 49 years was 0.8% in the year 2016. Many countries such as South Africa, Indonesia, Nigeria, and Kenya are facing the problem of increased HIV incidences in children of age group 0 to 14 years and this will contribute to the growth of the point of care testing HIV market. Also, the growing involvement of the Government in several countries to counter this challenge will also make a favorable impact on the growth of POC HIV testing market across the next five years.

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Abbott, BD, and bioMérieux are among the key POC HIV testing vendors

In many developed countries across the world, there is high social awareness about HIV, which has helped decrease the infected population in these countries. However, in several emerging economies, the disease is on a constant rise, which is going to increase the demand for POC HIV testing market over the forecast period. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this POC HIV testing industry analysis report will aid clients to identify new growth opportunities and design innovative strategies for business expansion.

The report offers a complete analysis of some leading POC HIV testing vendors:

• Abbott
• BD
• bioMérieux
• Danaher
• F. Hoffmann-La Roche

The Americas will be the largest driver of the global POC HIV testing market

Technavio’s market research report covers the following regions:

• The Americas
• EMEA
• APAC

More than 41% of the market’s incremental growth is expected to come from the Americas over the next five years, followed by EMEA and APAC. Growth in mergers and acquisitions is allowing companies to expand their business and tap into new territories. The largest market share was held by the Americas in 2017 owing to the existence of a large pool of HIV infected people in the region. Also, the Americas are forecasted to continue dominating the market by the end of 2022, while APAC will witness a higher rate of incremental growth than EMEA during the next five years.

Key highlights of the global POC HIV testing market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the POC HIV testing market during the next five years
• Precise estimation of the POC HIV testing market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the POC HIV testing industry across various geographies such as the Americas, EMEA, and APAC
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of POC HIV testing vendors

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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global POC HIV testing market and its stakeholders over the forecast years.

Technavio’s analysts for the POC HIV testing market have also considered how the performance of other related markets in the vertical will impact the size of this market until 2022. Some of the markets most likely to influence the growth of the POC HIV testing market over the coming years are the hospital-acquired disease testing market and the fecal occult testing market.

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