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Dublin, December 14, 2021 (Global News Agency)-"By disease type (hepatitis B, hepatitis C, other hepatitis), technology (ELISA, RDT, PCR, INAAT), end user (hospital, diagnostic laboratory) The report has been added to ResearchAndMarkets.com’s products.
The global hepatitis testing market is expected to increase from US$2.8 billion in 2021 to US$3.6 billion in 2026, with a compound annual growth rate of 4.7% during the forecast period.
The growth of the global hepatitis testing market is driven by the following factors: the high burden of hepatitis, the increase in blood transfusions and donations, the benefits of POC instruments and kits, and the awareness of hepatitis. The high cost of nucleic acid testing, the lack of authorization for nucleic acid testing in developing countries, and the unfavorable reimbursement situation are expected to inhibit the growth of the hepatitis market.
Emerging markets, the continuous advancement of molecular diagnostic technology, and the growth of the biotechnology and biopharmaceutical industries are expected to provide market participants with strong growth opportunities. In contrast, the ever-changing regulatory environment and the shortage of skilled professionals may challenge market growth to a certain extent.
The hepatitis B market segment is expected to dominate the market during the forecast period.
According to the type of disease, the hepatitis testing market is divided into hepatitis B, hepatitis C and other hepatitis diseases (hepatitis A, D and E). In 2020, the hepatitis B market segment will account for the largest share of the hepatitis testing market. Factors such as the rising prevalence of hepatitis B, the availability of a large number of hepatitis B diagnostic tests, and the increasing use of nucleic acid tests for HBV diagnosis are driving the growth of this market segment.
The ELISA market segment has the highest market share during the forecast period.
According to technology, the hepatitis detection market is divided into enzyme-linked immunosorbent test (ELISA), rapid diagnostic test, polymerase chain reaction (PCR), isothermal nucleic acid amplification technology (INAAT) and other technologies (such as sequencing, mass spectrometry), and protein Imprint). The ELISA market segment will occupy the largest share of the hepatitis testing market in 2020. The majority of the market segment's share is mainly attributable to the widespread acceptance of this test in clinical practice to diagnose hepatitis.
During the forecast period, hospitals and diagnostic laboratories will dominate the market.
According to end users, the hepatitis testing market is segmented into hospitals and diagnostic laboratories, blood banks, and other end users (academic and government research institutions, nursing homes, and home care institutions). In 2020, the hospital and diagnostic laboratory sector will account for the largest share of the hepatitis testing market. A large share of this market segment can be attributed to the large number of hepatitis diagnostic tests performed in hospitals.
During the forecast period, North America will dominate the market.
The global hepatitis testing market is divided into North America (U.S. and Canada), Europe (Germany, U.K., and the rest of Europe), Asia Pacific, and the rest of the world. In 2020, North America will dominate the global market, and this trend is expected to continue during the forecast period. The large share and high growth in the region can be attributed to the rising prevalence of hepatitis and the increase in hepatitis testing research and clinical trials in the United States.
High burden of hepatitis drives market growth
Hepatitis testing market, by technology (2021-2026)-rapid diagnostic testing segment achieves the highest compound annual growth rate during the forecast period
North America: Hepatitis testing market, by disease type and country (2020)-The United States will account for the largest share of the North American hepatitis testing market in 2020
Hepatitis Testing Market: Geographical Growth Opportunities-Asia Pacific Region has the fastest growth in the forecast period
Increase blood transfusions and donations
Advantages of POC instruments and kits
High cost of nucleic acid detection
Lack of authorization for nucleic acid testing in developing countries
Continuous advancement of molecular diagnostic technology
Growth of the biotechnology and biopharmaceutical industry
Merrill Life Sciences Pvt. Limited company
For more information about this report, please visit https://www.researchandmarkets.com/r/yjvtha
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