WILMINGTON, DE / ACCESSWIRE / January 23, 2023 / Transparency Market Research Inc. - As per the HIV/AIDS diagnostics market research by TMR, the global market was valued at US$ 4.0 Bn in 2021 and is projected to surpass US$ 9.6 Bn by the end of 2031.

HIV is spread through blood, semen, vaginal secretions, and breast milk. Sexual contact, injectable drug usage, and mother-to-child transmission (during delivery or lactation) are the main transmission methods. Tattoos, acupuncture needles, and piercing can potentially spread HIV. Organ transplants and blood transfusions can also spread HIV. This can be prevented by screening blood and organ donors.

Antibodies are detected in oral fluids or blood during HIV/AIDS testing. Majority of NAT detection tests are intricate and technically challenging. The popularity of over-the-counter HIV self-tests is growing since they remove the stigma attached to HIV testing. For industry suppliers, research and development of new diagnostic technologies is projected to provide attractive growth prospects. Major firms are releasing technologically advanced and quick diagnostic procedures in order to gain a larger portion of the HIV/AIDS diagnostics market share.

Request to Sample PDF of this Strategic Report (Use Corporate Mail ID for Top Priority): https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=26582

HIV/AIDS Diagnostics Market: Growth Drivers

• In the U.S., HIV affects some groups disproportionately including males who have had sexual contact with men, drug users, and transgender women. In 2019, 1.2 million Americans had HIV, with males making up the majority. Thus, HIV/AIDS prevalence is expected to drive HIV/AIDS diagnostics market growth.

• HIV/AIDS diagnostics suppliers are projected to gain immense traction from new diagnostic technology and from emerging markets for testing. Rapid testing and nucleic acid-based assay (Simple Amplification-based Assay (SAMBA)) are being introduced by key businesses to expand their consumer base.

• In the coming years, POC diagnostic standards are projected to increase the market size. WHO recommends POC diagnostics that are cost effective, efficient, and user-friendly. Further, they must be equipment-free and deliverable. The efficacy of HIV/AIDS awareness and testing programs may ultimately augment market progress.

• Government bodies of various countries across the globe have successfully raised HIV/AIDS awareness and testing. This is likely to enhance the global HIV/AIDS diagnostics industry.

Key Findings of HIV/AIDS Diagnostics Market

• The instruments product segment represented a significant proportion of the market in 2021. Demand for HIV diagnostic tools is anticipated to rise as the number of HIV patients is increasing

• Rapid testing is convenient, affordable, and efficient than standard laboratory procedures, with a sample-to-result time of less than an hour. Real-time PCR platform for Point-of-Care (POC) testing has gained momentum in the global market as it is IOT-enabled.

Buy this Premium Research Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=26582<>

HIV/AIDS Diagnostics Market: Regional Dynamics

• During the forecast period, North America is anticipated to account for largest share of the HIV/AIDS diagnostics market. Market statistics in the region are improving as a result of an increase in HIV/AIDS cases, the presence of prominent players, and increased R&D spending.

• The market in Asia Pacific is projected to develop at the fastest rate during the forecast period due to the high prevalence of HIV/AIDS in the region.

HIV/AIDS Diagnostics Market: Competitive Landscape

The presence of several players has contributed to the diversification of the worldwide HIV/AIDS diagnostics industry. Majority of businesses are expanding their market share by investing substantially in the R&D of new testing. Product portfolio expansion and mergers and acquisitions are two of the main strategies used by vendors.

Leading players operating in the market are:

• Abbott

• Siemens Healthcare GmbH

• OraSure Technologies, Inc.

• Danaher Corporation,

• Dickinson and Company.

• Becton

• Chembio Diagnostics, Inc.

• Bio-Rad Laboratories

  • Kits and Reagents

HIV/AIDS Diagnostics Market: Segmentation

Product

• Instruments

Test Type

• Nucleic Acid Tests

• Rapid Tests (POC)

• ELISA

• Others

End-user

• Hospitals

• Diagnostic Laboratories

• Academic and Research Institutes

• Others

Regions

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa

Ask for References - https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=26582

Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Research Reports by Transparency Market Research:

Heated Humidifiers Market Share from 2022 - 2031

Infant Oxygen Hoods Industry Growth from 2022 - 2031

Infusion Therapy Market Growth Report 2022 - 2031

Dental Dust Collector Market Size & Share Report, 2022-2031

Veterinary Dental Elevators Market Size, Share | Industry Report, 2022-2031

Dental Syringe Market Size & Share Report, 2022 - 2031

Dental Suction Mirror Market Size | Industry Report, 2020-2031

Dental Cavity Filling Material Market Growth Report 2022 - 2031

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

SOURCE: Transparency Market Research inc.

View source version on accesswire.com:
https://www.accesswire.com/736242/HIVAIDS-Diagnostics-Market-Estimated-to-Expand-at-CAGR-of-93-from-2022-to-2031-as-per-Transparency-Market-Research-Inc