A recent report published by Infinium Global Research on hepatitis test solution/diagnosis market provides in-depth analysis of segments and sub-segments in the global as well as regional hepatitis test solution/diagnosis market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional hepatitis test solution/diagnosis market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global hepatitis test solution/diagnosis market. According to the report, the global hepatitis test solution/diagnosis market is projected to grow at a CAGR of 4.1% over the forecast period of 2019-2025.
Hepatitis is an inflammatory condition of the liver, caused by the viral infection. Further, there are other factors which are the major cause of hepatitis such as side effects of medications, drugs, toxins, and alcohol. As per the Centers for Disease Control and Prevention (CDC), around 4.4 million people are suffering from hepatitis problem in the United States. Several people are not aware of the disease, although they are suffering from it. Further, the rate of the hepatitis B virus infection has increased since 2014 in the United States, owing to the growing rate of injection drug use in this region. Hepatitis B and C is the most chronic infection, which does not show the symptoms for a long period of time. Some time it takes to years or decade to show its symptoms. As per the World Health Organization, at least 60% of the liver cancer cases are caused by late testing and delayed treatment of the viral hepatitis B and C. The lack of availability of the testing and treatment of hepatitis is the major cause of the death of people suffering from this problem around the world. The World Health Organization has set the goal to reduce the paucity of the testing and treatment facility in the underdeveloped and developing countries by 2030.
The changing lifestyle and food consumption habit are the major factors, positively influencing the growth of the hepatitis test solution/diagnosis market around the world. Further, the growing side effect of the medication, excessive consumption of alcohol is the major factor for the growth of the hepatitis test solution/diagnosis market. Now, people are getting more information about the hepatitis problem and becoming more aware of it. They are adopting several protective measures to escape hepatitis as far as possible, and consulting healthcare professional and undergoing various testing procedure to avoid hepatitis. However, the lack of basic healthcare facility to test and diagnose the hepatitis-related problem as early as possible is hampering the growth of the hepatitis test solution/diagnosis market in the emerging market.
Geographically, North America is the largest market of the hepatitis test solution/diagnosis market, owing to the presence of a large number of hepatitis test solution manufacturing companies. Additionally, more informed citizens about the different type of hepatitis problem are helping to grow the hepatitis test solution/diagnosis market in North America. Europe is the second-largest market for hepatitis test solution/diagnosis market after North America. The Asia-Pacific is expected to grow at the highest CAGR during the forecast period, owing to the focused government initiative to eradicated the hepatitis problem on or before 2030.
The report on global hepatitis test solution/diagnosis market covers segments such as disease type, and technology. On the basis of disease type, the sub-markets include hepatitis b (HBV), hepatitis c (HCV), and other hepatitis diseases. On the basis of technology, the sub-markets include enzyme-linked immunosorbent assay (ELISA), rapid diagnostic tests (RDT), polymerase chain reaction (PCR), isothermal nucleic acid amplification technology (INAAT), and other technologies.
The report provides profiles of the companies in the market such as Fujirebio Diagnostics, Inc, Ortho Clinical Diagnostics, bioMérieux S.A., Grifols, S.A., Danaher Corporation, QIAGEN GmbH, DiaSorin S.p.A., Siemens Healthineers AG, Bio-Rad Laboratories, Inc., and F. Hoffmann-La Roche AG.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of hepatitis test solution/diagnosis market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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