Hepatitis Test Solution Market is estimated to be US$ 4.8billion by 2034; Growing Prevalence of Chronic Hepatitis Disease to Fuel Market Growth

Published Date: February 2024

Viral hepatitis affects hundreds of millions of children and adults globally, which is a problem for global health. Hepatitis has been associated to a number of infections, but the three viruses hepatitis A, B, and C are responsible for the vast majority of virally linked hepatitis cases. For different types of hepatitis, such as ELISA for hepatitis B and Rapid Diagnostic test for hepatitis B and C, different techniques are used.

The market's expansion has been spurred by big corporations increasing investments in diagnostic kits related to hepatitis. Rapid diagnostic kits are needed since there is still a significant burden of undetected hepatitis virus cases worldwide, which has led to increased investment. The market in low-income areas can be expanded by businesses using technical breakthroughs to offer more accessible, less expensive methods for detecting HBV and HCV infections and for tracking treatment outcomes. In the next years, it is anticipated that the demand for hepatitis test solution market growth will be fueled by new product launches, mergers, and acquisitions of businesses to improve its product offering.

The report Hepatitis Test Solution Market, By Type (Polymerase Chain Reaction (PCR), Enzyme-Linked Immunosorbent Assay (ELISA), Rapid Diagnostic Tests (RDT), and Isothermal Nucleic Acid Amplification Technology (INAAT)), By Application (Hospitals, Diagnostic Laboratories, Nursing Homes, and Blood Banks), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Trends, Analysis and Forecast till 2034”

 Key Highlights:

  • In Feb 2023, RT-PCR kits for infectious diseases, including hepatitis B and hepatitis C, will be become accessible in India as a result to a partnership between Mylab Discovery Solutions and Thermo Fisher Scientific. The Central Drugs Standard Control Organization (CDSCO) has granted the kits licensing powers.
  • In July 2022 New Hepatitis C virus diagnostic test is released by Roche. Elecsys HCV Duo immunoassay is a new dual antigen and antibody diagnostic test that has been developed for the in vitro qualitative assessment of antibodies to the hepatitis C virus (HCV) and core antigen (HCV Ag) from human serum and plasma samples. It provides early detection of HCV infection and aids in preventing the virus' spread to the patient's tissue, blood components, blood, cells, or organs.

Analyst View:

Growing awareness about the vast number of undetected cases of hepatitis that can lead to serious illness is the main reason propelling the growth of the market for hepatitis test solutions. About 200 million people worldwide have chronic hepatitis B, understanding of which has led to an increase in the demand for quick and precise molecular diagnostic tools, in which major firms from around the world have sought significant investment.

The market for hepatitis test solutions has a significant growth in near future as a result of technological innovation that makes it more economical to serve low-income regions. As healthcare infrastructure continues to improve, the arrival of new companies with novel product offerings may heighten the rivalry in a market where both large international businesses and start-ups are striving for dominance.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Hepatitis Test Solution Market By Type (Polymerase Chain Reaction (PCR), Enzyme-Linked Immunosorbent Assay (ELISA), Rapid Diagnostic Tests (RDT), and Isothermal Nucleic Acid Amplification Technology (INAAT)), By Application (Hospitals, Diagnostic Laboratories, Nursing Homes, and Blood Banks), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Hepatitis Test Solution Market accounted for US$ 3.1billion in 2024 and is estimated to be US$ 4.8 billion by 2034 and is anticipated to register a CAGR of 4.50%. The Hepatitis Test Solution Market is segmented based on Type, Application and Region.

  • Based on Type, Hepatitis Test Solution Market is segmented into Polymerase Chain Reaction (PCR), Enzyme-Linked Immunosorbent Assay (ELISA), Rapid Diagnostic Tests (RDT), and Isothermal Nucleic Acid Amplification Technology (INAAT)
  • Based on Application, Hepatitis Test Solution Market is segmented into Hospitals, Diagnostic Laboratories, Nursing Homes, and Blood Banks
  • By Region, the Hepatitis Test Solution Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Hepatitis Test Solution Market:

The prominent players operating in the Hepatitis Test Solution Market includes, Hoffmann-La Roche AG Abbott Laboratories, DiaSorin S.p.A, Bio-Rad Laboratories, Inc., Siemens AG, QIAGEN, bioMérieux SA, Grifols, S.A., and Danaher Corporation.

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