The Global HIV Diagnostics Market Was Valued At Us$ 3,050.8 Million In 2018, And Is Expected To Exhibit A Cagr Of 9.2% Over The Forecast Period (2019-2027).

 

HIV Diagnostics

HIV diagnostics is critical in HIV prevention, treatment, care, and other support services. HIV diagnosis includes testing services in health-care facilities, as well as a variety of community-based approaches and HIV self-testing. The global HIV diagnostics market was worth $3,050.8 million in 2018 and is expected to grow at a 9.2 percent CAGR during the forecast period (2019-2027). Factors such as the increasing global prevalence of HIV/AIDS, the increasing number of blood transfusions and blood donations, the benefits provided by point-of-care instruments and kits, and increased government initiatives are expected to drive market growth globally. The study's base year is 2015, and the forecast is for the period between 2016 and 2021.

 

COVID-19 has a significant impact on the HIV diagnostics market. Lockdown was implemented in many parts of the world to prevent community transmission of the COVID-19 virus. This critical decision resulted in a significant decrease in the number of HIV diagnostic procedures and treatment visits in hospitals and other clinics, negatively impacting industry growth. The human immunodeficiency virus (HIV) attacks the immune system of the body. Individuals infected with HIV can receive antiretroviral therapy and live a healthy life for many years. The availability of various HIV diagnostic tests in the industry will boost industry demand. Top-down and bottom-up approaches were used to estimate and validate the global HIV Diagnostics Market, as well as the size of various dependent submarkets. In the top-down approach, the overall market size was used to estimate the sizes of other individual markets.

 

Throughout the forecast period, North America is expected to dominate the overall market. The presence of key players, the high prevalence of HIV/AIDS in the region, and established healthcare infrastructure are some of the key factors responsible for the market's large share. According to the most recent Centers for Disease Control and Prevention estimates, 37,832 people in the United States were diagnosed with HIV in 2018. Furthermore, beneficial government initiatives and an increase in the number of research collaborations are expected to drive market growth.

Comments

Post a Comment

Popular posts from this blog

Security Robot Market is Estimated To Witness High Growth Owing To Increasing Demand for Enhanced Surveillance

Image
Security Robot Market The Security Robot Market is estimated to be valued at US$ 11.8 billion in 2022 and is expected to exhibit a CAGR of 12.87% over the forecast period of 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Security Robot Market encompasses advanced robotic technologies that are specifically designed and developed to enhance security and surveillance operations. These robots are equipped with features such as video surveillance, thermal imaging, facial recognition, and intrusion detection, among others. They are extensively used by security agencies and organizations across various sectors, including residential, commercial, industrial, and government, to enhance safety, reduce human intervention, and streamline security operations. Security robots offer real-time monitoring, remote control, and high accuracy, making them an ideal choice for surveillance in sensitive areas and remote locations. Market Dynamics:
Read more

The Global Methyl & Ethyl Chloroacetate Market Is Expected To Register A Cagr Of 7.9% In Terms Of Revenue Over The Forecast Period (2019-2027)

Image
  Methyl chloroacetate is a colourless liquid with a pungent odour that is used as a dyestuff, medicine, and pesticide intermediate. Methyl chloroacetate has several advantages, including a precise pH value, excellent purity, precise composition, and a longer shelf life. Ethyl chloroacetate is a clear liquid with a strong, fruity odour that is used in the production of dyes, chemical compounds, and other products. Ethyl chloroacetate's benefits include a balanced composition, stable chemical and physical properties, and optimum purity.   The global methyl & ethyl chloroacetate market was valued at US$ 760.6 Mn in 2018, and is expected to register a CAGR of 7.9% in terms of revenue over the forecast period (2019-2027), to reach US$ 1,562.8 Mn by 2027.   Over the forecast period, the global Methyl & Ethyl Chloroacetate Market is expected to grow significantly. The various benefits offered by methyl and ethyl chloroacetate have led to an increase in their use in end-use indus
Read more

The Ever-Evolving Landscape of the Scottish Whisky Market during the Forecast Period 2019-2027

Image
  Scottish Whisky Market The Scottish Whisky Market is a captivating landscape that has been evolving and transforming over the years. It is a world of tradition, craftsmanship, and heritage, where every drop of whisky tells a story. The history of Scottish whisky traces back centuries, with the earliest records dating back to the 15th century. Whisky production initially started in monasteries, where monks distilled spirits for medicinal purposes. Over time, whisky production moved from monastic settings to farms and then to commercial distilleries. This transition marked the beginning of an industry that would become synonymous with Scotland. Scottish Whisky Market Was Valued At US$ 4.97 Bn In 2018, And It Is Expected To Reach US$ 7.89 Bn By The End Of 2027, Exhibiting A CAGR Of 5.3% During The Forecast Period (2019 To 2027). One of the defining characteristics of the Scottish Whisky Market is its adherence to traditional production methods. Scotch whisky is made from malted b
Read more