The Global Hepatitis Testing Diagnostic Market Research Report by Emergen Research was developed via analysis of key commercial data and a broad geographic distribution. The study provides comprehensive coverage of the qualitative and quantitative analyses of the Hepatitis Testing Diagnostic Market in addition to significant market statistical data. Both current estimates through 2022 and historical data from 2018 to 2019 are provided in the research paper. The study also examines established and emerging market players, providing a broad overview of the company, its product line, commercial alliances, and expansion ambitions.
The global hepatitis testing/diagnostic market size is expected to reach USD 4.36 Billion at a steady revenue CAGR of 4.7% in 2030, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by factors such as growing burden of hepatitis, introduction of molecular diagnostics for diagnosis of hepatitis, increasing awareness regarding this disease, and rising awareness regarding commercially available advanced products. Hepatitis is an inflammation of liver, commonly caused by hepatitis virus. Hepatitis testing is conducted to determine genotype of hepatitis triggering the ailment and also helps in determining best suited treatment for patient. Point-Of-Care (POC) testing helps to complete screening procedure without the need for a second visit and, in some cases, without leaving one’s house, which when combined with quick findings, lowers risk of problems and transmission. For instance, research has shown that individuals who monitor blood thinners, such as warfarin at home, report less severe side effects from medication. In addition, POC testing aids in reducing spread of infectious pathogens by delivering quick results with little contact and reducing unneeded admissions to healthcare facilities. Minimizing physical contact and immediate self-isolation are major strategies to stop the spread of many infectious diseases including COVID-19.
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Global Hepatitis Testing Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- RD Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Hepatitis Testing market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Hepatitis Testing market and pinpoint the fundamental growth trends.
Key Companies Profiled in the Report are:
Abbott, F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories, Inc., Siemens Healthcare GmbH, DiaSorin S.p.A, Qiagen, Danaher, Grifols, S.A., Biomerieux , and Ortho Clinical Diagnostics
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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Some Key Highlights From the Report
- On 29 June 2022, Liver Care Canada, a subsidiary of Mednow Inc. partnered with HepCURE, a non-profit organization and one of the country's top providers of hepatitis C screening and treatment, to achieve the goal of eradicating hepatitis C in Canada by 2030. To further enhance medication adherence and improve treatment outcomes, Liver Care Canada will now grant its patients access to HepCURE's programming and services. In addition, it will bring the liver care industry to rest of Canada outside of Ontario.
- The Hepatitis B Virus (HBV) segment is expected to account for largest revenue share in the global market over the forecast period. Blood tests can determine whether someone has acute or chronic hepatitis B and can also let a doctor know about the condition. A simple blood test can be used to determine one's immunity to this disease. A specific ultrasound technique called transient elastography can also be used to assess the severity of liver injury. A tiny sample of patient's liver may also be taken for testing to screen for HBV-related liver damage. A small needle is inserted through patient's skin into their liver during this surgery and a small portion of liver tissue is extracted for laboratory analysis.
- The Enzyme-Linked Immunosorbent Assay (ELISA) segment is expected to account for highest revenue share in the global market over the forecast period. The term ELISA refers to an immunoassay that uses enzymes and a standard laboratory test is performed to identify antibodies in the blood. Body's immune system creates an antibody when it detects harmful substances, also known as antigens. HBV infection is a hazard for public health around the world. Hepatitis B Surface Antigen (HBSA) is detected by ELISA, the most used serological test for detecting HBV infection (HbsAg).
- The hospital diagnostic laboratories segment is expected to account for large revenue share over the forecast period. This is due to availability of state-of-the-art facilities and improvements in healthcare infrastructure in emerging countries. Another factor driving market growth is emergence of hospitals that specialize in hepatitis testing and diagnosis. In addition, number of hepatitis testing/diagnosis facilities installed in hospitals and quantity of individual that visit hospital for such testing are also expected to drive market growth.
- The North America market is expected to account for largest revenue share during the forecast period attributed to increasing activities by key market players in countries in this region. For instance, Immediate Spin Crossmatch (ISXM), a tool for identifying donor-to-recipient incompatibility in blood transfusions, is now available on the company's ORTHO VISION and ORTHO VISION MAX Analyzers, according to Ortho Clinical Diagnostics, one of the largest pure-play In Vitro Diagnostics (IVD) companies in the world.
Market Overview:
The report bifurcates the Hepatitis Testing market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Disease Type Outlook (Revenue, USD Million; 2019–2030)
- Hepatitis B (HBV)
- Hepatitis C (HCV)
- Other Hepatitis Diseases
- Technology Outlook (Revenue, USD Million; 2019–2030)
- Enzyme-Linked Immunosorbent Assay (ELISA)
- Rapid Diagnostic Tests (RDT)
- Polymerase Chain Reaction (PCR)
- Isothermal Nucleic Acid Amplification Technology (INAAT)
- Other Technologies
- End-Use Outlook (Revenue, USD Million; 2019–2030)
- Hospital Diagnostic Laboratories
- Blood Banks
- Other End-Use
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Additional information offered by the report:
- Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Cobots market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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