Global HPV Testing Market: Overview
The rising prevalence of cervical and vaginal cancer is the cardinal factor driving the global HPV testing market. The Centers for Disease Control and Prevention states that every year 16 out of every 100,000 women are likely to be detected with cervical cancer. Globally, it is identified as the third-most commonly occurring cancer and the mortality rate due to this cancer is also quite high. HPV test helps in the screening and early detection of cervical cancer.
The research report sheds light on various important parameters including dynamics and competitive landscape of the global HPV testing market. For an extensive understanding, it segments the market on the basis of applications, end users, and geography. It analyses each segment in terms of both revenue and volume. It profiles key players in the market along with their revenue generation, latest developments, business strategies, and contact information.
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Global HPV Testing Market: Drivers and Restraints
Governments are increasingly introducing programs that are promoting awareness regarding cervical cancer screening programs, which in turn is providing a significant push to the HPV testing market. Other than awareness programs, governments are also pouring funds into the research and development of screening kits and devices, which is working in favor of the growth of the market.
Despite the initiatives and funding, the continuously changing regulatory guidelines for cervical cancer screening are hampering the growth of the market. Moreover, the lack of favorable reimbursement scenario in several countries is limiting the market from realizing its utmost potential. On the other hand, technological advancements are creating immense growth opportunities for the market.
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Global HPV Testing Market: Geographical Segmentation
The regional markets studied in the report are North America, Europe, Asia Pacific, and Rest of the World. North America will account for a large share in the market throughout the forecast period. The demand for HPV testing in the region will rise against the backdrop of growing incidence of cervical cancers. The growth of the region is also supplemented by conducive federal policies that are encouraging the uptake of screening programs for cervical cancers. Moreover, the introduction of innovative technologies for improving patient care and diagnosis is providing a fillip to the growth of the region.
Asia Pacific is likely to emerge as a promising market during the same period owing to the increasing prevalence of communicable diseases, particularly in developing countries such as India. The rising number of government programs that are spreading awareness regarding benefits of early cancer screening is contributing to the growth of the market.
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Global HPV Testing Market: Competitive Landscape
Several players in the global HPV testing market are increasingly investing in the research and development of advanced and innovative test kits and devices. Partnerships and collaborations are among go-to strategies of key players to consolidate their presence in the market. Some of the key players in the market are Abbott Laboratories, Hologic, Inc., Becton and Dickinson, bioMerieux SA, CytoCore Inc., Qiagen, Inc., Roche Molecular Diagnostics, DiaMex GmBH, Merck & Co., Genomica S.A.U., DAAN Gene Co., and Ventana Medical Systems Inc.
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