Viral Hepatitis and Retrovirus Diagnostic Tests Market 2015-2019

Market outlook of the global viral hepatitis and retrovirus diagnostic tests market

Diagnostic tests for viral hepatitis and retrovirus aid in screening, diagnosing, and managing diseases in humans. The market for viral hepatitis and retrovirus diagnostic tests is influenced by factors like the growing awareness of diagnostic tests among the populace, rapid advances in technology, and augmented number of product launches and approvals from regulatory authorities. These factors are expected to account for this market’s impressive growth rate of more than 10%  by 2019.

In this market study, Technavio’s market research analyst has estimated eminent factors, such as the augmented demand for automation and system integration, to impel market growth during the forecast period. Fully automated and semi-automated systems are more efficient and productive than conventional systems and, therefore, are expected to fuel market growth in the next four years.

Geographical segmentation of the viral hepatitis and retrovirus diagnostic tests market

• APAC
• EMEA
• Americas

Geographically, the Americas are expected to account for more than 44% of the total market share by 2019. Factors like the advent of insurance programs like Medicaid and the high prevalence of chronic and infectious diseases such as hepatitis A, B, and C are expected to account for this region’s high market dominion during the forecast period.

Competitive landscape and key vendors

Competition in this market is intense due to the augmented availability of advanced IVD assays and instruments from numerous vendors. Large vendors in this market focus more on increasing their POC product portfolio for HIV and hepatitis detection as it helps them to gain traction in this market.

Large vendors in this market are -

• Abbott Diagnostics
• Alere
• Chembio
• DiaSorin
• Roche Diagnostics

Other prominent vendors in this market are Apothecaries Sundries Manufacturing, AOV International, Amkay Products, Beckman Coulter, Becton Dickinson, Bhat Bio-tech, Bioneovan, bioMerieux, Bio-Rad, Cepheid, Enzo Biochem, Fujirebio, Gemc Technology (Zhengzhou) Co, Grifols , Hangzhou Deangel Biological Engineering Co, Hologic, Hangzhou Heo Bio-Tech, Horiba, Innovation Biotech (Beijing) Co, Jaksh Enterprises, Krishco Medical Products, Micro Sidd, Nantong Egens Biotechnology Co, Nexus Lifecare, Ortho-Clinical Diagnostics, Qingdao Hightop Biotech Co, Qiagen, Scienion, SeraCare, Shanghai Kehua Bio-engineering, Span Diagnostics, Synergy Healthcare, Siemens Healthcare Diagnostics, Thermo Fisher Scientific, Transasia Bio-Medicals, Wako, YVR Medivision, and Zhuhai Encode Medical Engineering.

Growth drivers, challenges, and upcoming trends:  Diagnostic tests

Technavio analysts estimate upcoming trends, like the augmented demand for biomarker-based tests, to spur market growth during the forecast period. Biomarkers aid in the detection of a disease and are useful for high-growth clinical areas like infectious diseases. Since biomarkers are envisaged to replace conventional drug therapeutics in the future, vendors are increasingly developing cost-effective biomarker-based tests to augment their market penetration.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global viral hepatitis and retrovirus diagnostic tests market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2019?
• What are the key factors driving the global viral hepatitis and retrovirus diagnostic tests market?
• What are the key market trends impacting the growth of the global viral hepatitis and retrovirus diagnostic tests market?
• What are the challenges to market growth?
• Who are the key vendors in the global viral hepatitis and retrovirus diagnostic tests market?
• What are the market opportunities and threats faced by the vendors in the global viral hepatitis and retrovirus diagnostic tests market?
• Trending factors influencing the market shares of the EMEA, Americas, and APAC?
• What are the key outcomes of the five forces analysis of the global viral hepatitis and retrovirus diagnostic tests market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Immunodiagnostics Market 2015-2019