Transparency Market Research

HIV Diagnosis Market Is Set to Garner Staggering Revenues by 2024


Albany, NY -- (SBWIRE) -- 08/22/2018 -- The global market for HIV diagnostics has been growing at a boisterous rate, majorly due to the increasing number of patients suffering from AIDS. Human Immunodeficiency Virus (HIV) affects the immune system of the body and lowers its ability to fight infections and diseases. It is a type of retrovirus that could magnify into fatal health conditions wherein the body can easily acquire infections of all orders. Since no permanent cure for HIV has been found till date, death becomes evident in most HIV+ cases.

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The human immunodeficiency virus (HIV) initially attacks the white blood cells and successively destroys the T-helper cells, and this weakens the body's ability to avert infections. Continual research in the field of immunotherapy has played an important role in the growth of the global market for HIV diagnosis. It is expected that the scientists in the field of genetics, life sciences, and fatal diseases would continue their efforts to find permanent cures for AIDS. A report added by Transparency Market Research (TMR) builds the basis to understand the key forces operating in the global market for HIV diagnosis. The title of the report is "HIV Diagnosis Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024".

The death toll of HIV patients has been increasing over the past decade, and this World Health Organization (WHO) identifies HIV as a global issue in public health. Hence, the demand within the global market for HIV diagnosis has been escalating at a robust pace over the past few years. The awareness about HIV/AIDS amongst people in several developed and developing economies has also played to the advantage of the global market for HIV diagnosis. Furthermore, the government has launched a number of campaigns aimed at breaking myths around HIV, and this has led more people to go for HIV diagnosis. Blood transfusion operations and blood donation campaigns have also gained popularity across the world. This factor, along with the efforts of NGOs and fundraisers to educate people about HIV/AIDS and help the sufferers, has propelled market demand. However, several backward regions are still far from realising the need to educate people about HIV/AIDS, and this could hamper the growth of the global HIV diagnosis market.

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The healthcare industry in the US has launched campaigns and drives to relieve people suffering from HIV/AIDS. Alongside these campaigns, the government in the country has also been pressing on the need to get regular screening for HIV. Hence, the demand within the market for HIV diagnosis in North America has touched new heights in recent times.

Some of the key players in the global market for HIV diagnostics are Bio-Rad Laboratories, Danaher Corporation, QIAGEN, Becton, Merck KGaA, and Dickinson and Company. These market players have tasted success in persuading people to go for HIV screening more frequently.

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