According to the latest market report published by Credence Research, Inc. “HIV/AIDS Diagnostics Market – Growth, Future Prospects, and Competitive Analysis, 2017 – 2025,” the global HIV/AIDS diagnostics market was valued at US$ 3,790.2 Mn in 2016, and is expected to reach US$ 8.718.8 Mn by 2025, expanding at a CAGR of 9.4% from 2017 to 2025.
Browse the full report HIV/AIDS Diagnostics Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 at http://www.credenceresearch.com/report/hiv-aids-diagnostics-market
There are around 36.7 million people suffering from HIV infection in 2015 (WHO studies). The burden of HIV/AIDS increases with time, varies according to region and the countries, where Sub Saharan Africa leads with 1 in 25 people living with HIV. There is global efforts been put to create awareness, build health community and society to prevent HIV and aid in treatment of HIV affected people. The global HIV/AIDS diagnostics market is expected to further grow during the forecast period due to factors such as rising in incidence of HIV infections, awareness about available diagnostic and treatment options and technological advancement in diagnostic tests. HIV diagnostic tests have evolved over the period of time by reducing the window period for result delivery. Use of rapid test for HIV diagnosis has increased their coverage to peripheral areas with minimum specialised facility. Enhanced accuracy of the tests and simple usage has further attracted people to get tested and easy access to the healthcare. In developing countries such as China, India and others, with growing population, rising awareness, government initiatives in prevention and management of HIV-AIDS, the market will witness further growth.
The HIV/AIDS diagnostics market mainly consists of antibody test, HIV-2 & Group O diagnostic tests, viral load tests, CD4 testing, early infant diagnostics, viral identification…