Hepatitis B and C Diagnostics Market Research Report covers the present scenario and the growth prospects of the Hepatitis B and C Diagnostics Industry for 2016-2020. Hepatitis B and C Diagnostics Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Hepatitis B and C Diagnostics globally.
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The Hepatitis B and C Diagnostics Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Hepatitis B and C Diagnostics Market:
- Abbott Diagnostics
- Roche Diagnostics
- Siemens Healthcare
Other Prominent Vendors of Hepatitis B and C Diagnostics Market Are:
- Allele Biotechnology
- Becton Dickinson
“One of the key trends for market growth will be high demand for biomarker-based tests. Sophisticated R&D for proteomics, nucleic acid expression, and genome sequencing has led to the emergence of molecular biomarkers. Biomarkers are proteins, genes, hormones, and other molecular entities that detect the absence or presence of a disease. Technological advancements are driving manufacturers to develop assays that identify biomarkers in high-growth clinical areas such as infectious diseases, including hepatitis and retroviruses. Biomarker-based tests will likely replace conventional drug therapeutics and account for increased revenue and sales from personalized test devices. To better reach the market, companies are developing cost-effective biomarker-based tests. Increased approvals for devices and rise in product launches are expected to propel market growth during the forecast period.”
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According to the Hepatitis B and C Diagnostics Market report, increase in demand for automation and system integration will be a key driver for market growth. An increasing number of consumers are opting for fully automated and semi-automated systems over conventional (manual) systems. Laboratory automation increases productivity, with high test volumes handled efficiently by few people. This type of automation helps when there is a shortage of trained technicians. Also, automated systems provide precise results, which are otherwise difficult to achieve. Vendors are developing devices and systems that help integrate laboratory applications. For instance, the COBAS 6000 modular platform by Roche Diagnostics offers optimum efficiency and consolidation in medium- and high-volume laboratories. The company estimates that 95% of the workload is consolidated into this system, which allows for an upgrade in workload. The system’s software and graphical user interface (GUI) permit streamlined information management and offer solutions ranging from remote test ordering to sophisticated result analysis. Integrated systems with enhanced automation and efficiency are expected to fuel market growth during the forecast period.
Report also presents Geographical Segmentation analysis of Hepatitis B and C Diagnostics Market of Americas, APAC, EMEA region.
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Further, the Hepatitis B and C Diagnostics Market report states that one of the challenges for the market will be regulatory and reimbursement hurdles that limit the adoption rate. Validation studies and guidelines help companies to register their diagnostic testing devices and assays with regulatory authorities. The process, however, is time-consuming, requiring documentation at every stage and real-time data collection. The studies require real-time sample collections or samples from biobanks. For infectious diseases such as hepatitis B and C infections, the lack of such sample storage facilities makes validation studies difficult for manufacturers. Also, there is no clarity on the reimbursements for diagnostic devices globally. To reduce costs, countries such as the US, Australia, and few countries in EU are decreasing the reimbursement amount for diagnostic testing devices. These factors restrain market growth. The lack of reimbursement or insufficient reimbursement severely hinders the adoption of these devices, especially in developed countries.
Key questions answered in Hepatitis B and C Diagnostics market report:
- What will the Hepatitis B and C Diagnostics market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving Hepatitis B and C Diagnostics market?
- What are the challenges to Hepatitis B and C Diagnostics market growth?
- Who are the key vendors in Hepatitis B and C Diagnostics market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
No of Pages: 110
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