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.
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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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.
- 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. are some leading players operating in the global hepatitis diagnostic test market.
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For this study, Reports and Data has segmented the hepatitis diagnostic tests market based on Diagnostic Test Type, End User, and Region:
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
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Regional Outlook (Revenue, USD Billion, 2018 - 2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Rest Of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
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Some points on how the report benefits stakeholders:
- The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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