The Global Hepatitis Diagnostic Testing Market size was valued at USD 3.8 billion in 2017 and is estimated to grow at a high CAGR of 6.45% in the forecasted period 2022-2029.
Hepatitis is an inflammation of the liver, commonly caused by the hepatitis virus. Heavy alcohol use, some medications, toxins, and certain medical conditions can cause hepatitis. However, hepatitis is often caused due to viral infection. The most common types of viral hepatitis are hepatitis A, hepatitis B, and hepatitis C. The burden of HBV and HCV is disproportionately high in low-income and middle-income countries.
The global hepatitis diagnostic testing market growth is driven by the high burden of hepatitis, increasing blood transfusion and donations, benefits of POC instruments and kits, and awareness initiatives on hepatitis.
The introduction of molecular diagnostics for the diagnosis of hepatitis will drive the market growth
The major shift from conventional technologies to molecular diagnostics has amplified the competence of procedures and has to pull down the dispatch time for results. Molecular diagnostics used in hepatitis testing involve genetic tests to confirm the exact strain of the causative virus. The nucleic acid assays used include HCV RNA and HBV DNA analysis tests. In these industries, the growth of the end-user base has compelled many companies to launch new products and invest in developing advanced products. This is considered a positive indicator for market growth as immunoassays are applied at many stages from product development and manufacturing to quality control in production. Hence, the availability of such advanced detection techniques is spurring the overall market growth. Furthermore, the high prevalence of hepatitis is also expected to fuel market growth. According to the U.S. Department of Health & Human Services, in 2018, most adults in their 20s and 30s made up 36.5% of newly reported chronic hepatitis C infections and this is expected to increase in the forecast period.
New initiatives taken up by different organizations are expected to be the essential driver to improve the hepatitis viruses market. The promotion of government and non-government organizations in increasing awareness, growing demand for POC diagnostics, and increasing demand for automation and system integration are some of the primary drivers for the growth of the market.
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By Type of Test
- Imaging Tests
- Blood Tests
- Liver Function Tests
By Diagnostic Tool
- Surrogate markers
The hepatitis diagnostic testing market is a moderately competitive presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Abbott Laboratories, Danaher Corporation (Beckman Coulter Inc), BioMerieux SA, Bio-Rad Laboratories Inc, Diasorin S.p.A, F. Hoffmann-La Roche AG, Hologic Inc, MedMira Inc, Qaigen Inc, Siemens Healthineers among others.
The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the hepatitis diagnostic testing market globally. For instance, In 2021, F.Hoffmann-La Roche Ltd. acquired GenMark Diagnostics (US) which aimed at adding more products to Roche’s molecular diagnostics portfolio and the global distribution of products offered by GenMark Diagnostics.