Hepatitis Testing/Diagnosis Market is anticipated to grow further up to USD 4.4 billion by 2031 | Abbott Laboratories, Siemens Healthineers AG, Bio-Rad Laboratories, Inc., Danaher Corporation

The global hepatitis testing/diagnosis market was valued at USD 2.6 billion in 2021 and it is anticipated to reach up to USD 4.4 billion by 2031, at a CAGR of 5.5% during the forecast period.

The goal of hepatitis diagnosis is to identify the genotype of the infection that is causing the condition. The optimal course of treatment for the patient can be chosen based on the hepatitis diagnosis. In order to distinguish between different hepatitis viruses, it is crucial to make a diagnosis of the illness. Inflammation in the liver is the primary cause of hepatitis. Different forms of the hepatitis virus, including Hepatitis A, B, and C, are recognized. Blood tests are used to identify the presence of hepatitis disease. Testing bodily proteins or genetic material that is a component of the virus can also be used to identify hepatitis.

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Market Trends and Drivers

Despite substantial advancements in treatment options, immunization coverage, and public awareness, hepatitis remains a serious public health concern with a high prevalence rate worldwide. The most common hepatitis forms, B and C, are associated with greater fatality rates. According to estimates, 296 million and 58 million persons, respectively, had chronic HBV and HCV infections in 2019. Compared to industrialized countries, hepatitis is more common in poor nations. Similarly, the biotechnology and biopharmaceutical industries have a significant demand for immunoassay equipment and supplies. Therefore, over the forecast period, the expansion of these industries is anticipated to boost the expansion of the hepatitis testing market. The expansion of the end-user market in these sectors has prompted numerous businesses to introduce new products and make investments in the development of cutting-edge products. Since immunoassays are used throughout the production process, from product development and manufacturing to quality control, this is regarded as a promising sign for the market’s expansion.

Market Restraints and Challenges

Due to the cost of the test and the need for experienced staff, NAT is not required in developing and low-resource countries. Only 58 blood banks out of 2,550 (less than 2 percent) in India performed NAT for hepatitis diagnosis as of 2016. The fact that ELISA is the only test that is required in many developing nations, like China and India, significantly hinders the implementation of NAT. There are no laws requiring the use of NAT in India, where blood screening includes serological testing for hepatitis surface antigens. Because of this, patients who undergo hepatitis diagnostic tests are unsure about the outcomes, which limits market expansion.

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Global Hepatitis Testing/Diagnosis Market Segmentation

By Disease Type

  • Hepatitis B
  • Hepatitis C
  • Other Hepatitis
Major Players in the Global Hepatitis Testing/Diagnosis Market

The key players studied in the market are F. Hoffmann-La Roche Ltd. (Switzerland), Abbott Laboratories (US), Siemens Healthineers AG (Germany), Bio-Rad Laboratories, Inc. (US), Danaher Corporation (US), QIAGEN (Netherlands), bioMérieux SA (France), DiaSorin S.P.A. (Italy), Ortho Clinical Diagnostics (US), MedMira Inc. (Canada), and Fujirebio US, Inc. (Japan) among others.

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Reasons to buy Hepatitis Testing/Diagnosis Market Report:

• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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