HPV Testing & Pap Test Market size is $1,542.3 in 2019, growing at a CAGR of 6.1% during the forecast period 2020-2025. The human papillomavirus (HPV) test detects the presence of human papillomavirus, a virus that can lead to the development of genital warts, abnormal cervical cells or cervical cancer. HPV is a sexually transmitted virus which is the primary reason for causing cervical cancer. Pap test checks the cervix for any cells that are not normal. The cervix is the lower part of the uterus (womb), which opens into the vagina. Abnormal cervical cells, if not found and treated can lead to cervical cancer. Approximately, 90% of deaths from cervical cancer occur in middle- to low-income countries. The growing number of cervical cancer cases results in the need for new, technically advanced, and less expensive screening programs.

Key Takeaways

Increasing awareness amongst people for early treatment is set to propel the growth of the market.

Rising healthcare expenditure is the driving factors for the growth of HPV Testing & Pap Test market.

The increased awareness pertaining to the screening programs of cervical cancer drives the market’s growth.

Europe region is estimated to record the fastest growth rate during the forecast period.

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Geography - Segment Analysis

In 2019, the North America region dominated HPV Testing & Pap Test Market in terms of revenue with a market share of 39% owing towards the increased awareness among people about cancer and favorable government policies for reimbursement in countries in the region in the region. This growth can be attributed towards the increasing research & development initiatives and government support for the improvement of the healthcare sector. According to the American Cancer Society, in US, over 13,000 women are diagnosed with cervical cancer. In most cases cervical cancer can be prevented through early detection and treatment of abnormal cell changes that occur in the cervix years before cervical cancer develops. The increasing awareness about the health and availability of new treatment methods drives the market in this region is key factors in the growth of the HPV Testing & Pap Test market. Asia Pacific is estimated to record the fastest growth rate during the forecast period 2020-2025.

Drivers – HPV Testing & Pap Test Market

Increasing In The Prevalence Of Cancer

Increasing awareness level among people regarding the availability of various treatment options for HPV Testing & Pap Test management is anticipated to impel the demand. Rising healthcare expenditure in developing economies coupled with inclination towards opting advanced stage cancer drugs is anticipated to boost market growth. Increasing number of cervical cancer cases, growing aging population are propelling the growth of the HPV testing and Pap test market. National program on prevention and management of cancer by Government is the other major factor driving growth.

HPV Testing & Pap Test top 10 companies include Abbott Laboratories, Qiagen N. V., Becton, Dickinson and Company, Quest Diagnostics, Hologic Inc., Roche, Arbor Vita Corporation, Femasys Inc., Onco Health Corporation, Smith & Nephew and Seegene Inc.

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