Rising awareness about hepatitis symptoms and growing need for early diagnosis through public education and increasing occurrence of hepatitis across the globe are fueling global market growth
The global hepatitis diagnostic test market size is expected to reach USD 8.4 billion by 2028 and register a CAGR of 6.8% according to the latest report by Reports and Data. Increasing funds by governments and various non-government organizations and rising need for early detection of hepatitis disease types are key factors fueling global market revenue growth.
Hepatitis is an inflammation of liver, commonly caused by a viral infection that can lead to various other complications such as liver cancer, liver cirrhosis, and liver fibrosis. There are five types of viral hepatitis, A, B, C, D, and E that have been affecting millions of people around the globe every year. Types of hepatitis can be diagnosed using various methods such as blood tests, liver biopsy, or imaging tests. Rising prevalence of hepatitis infection and growing need for hepatitis testing for effective treatment is fueling market growth. Increasing cases of hepatitis have also been associated with rising number of blood transfusions and donations. Reports have stated that there is a high risk of acquiring hepatitis B and C through blood transfusions. Moreover, various market players are investing in research and development activities to introduce novel and more effective products to expand their market footprint and product offerings.
However, high prices associated with testing, lack of mandate for nucleic acid amplification tests, and restricted access to low-cost and reliable diagnostic tests, especially in some developing countries, are key restraints that are expected to hamper revenue growth of the global hepatitis diagnostic test market to a certain extent during the forecast period.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
Siemens Healthineers, Roche, F. Hoffmann La-Roche, Abbott Laboratories, DiaSorin S.p.A, bioMeriuex, MedMira. Inc., Hologic, Inc., Danaher Corporation, Bio-Rad Laboratories, Qiagen, and Grifols, S.A.
The Hepatitis Diagnostic Test market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
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Segments Covered in the report
Diagnostic Tests Outlook (Revenue, USD Billion; 2018 - 2028)
- Blood tests
- Liver Function Tests
- Immunoassays
- Nucleic Acid Tests
- Imaging Tests
- Liver Biopsy
End User Outlook: (Revenue, USD Billion; 2018 - 2028)
- Hospitals
- Clinics
- Research Institutes
- Blood Banks
- Diagnostics laboratories
Key Regions Analyzed in the Report include:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
Furthermore, it consists information about individual segment of the Hepatitis Diagnostic Test market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Some key highlights in the report:
- Among the diagnostic test type segments, the liver biopsy segment is expected to account for steady revenue growth throughout the forecast period. This is an invasive method in which a sample of abnormal liver tissue is extracted to analyze the infection or inflammation.
- Among the end user segments, the hospitals segment is expected to account for largest revenue share in the global hepatitis diagnostic test market during the forecast period. Factors, such as increasing patients with chronic liver diseases and hepatitis, increasing implementation of latest diagnostic testing facilities in majority of hospitals in developed countries, and availability of healthcare professionals, are boosting growth of this segment.
- North America is expected to continue dominating other regional markets in the global hepatitis diagnostic test market during the forecast period. Rapid adoption of advanced diagnostic techniques, increasing awareness about hepatitis and diagnostic tests combined with well-established healthcare infrastructure are some key factors surging market growth in this region.
- The market in Europe is expected to account for significant revenue growth during the forecast period owing to factors, such as increasing cases of hepatitis diseases, access to latest diagnostic technology, and rising awareness about hepatitis screening among public.
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