HIV Self Test Kits Market Size By Technology, By Specimen Type, By Tests Generation, By End-User, By Geographic Scope And Forecast


Posted February 2, 2021 by jennysmith22119

HIV Self-test Kits Market was valued at USD 62.02 Million in 2019 and is projected to reach USD 1160.28 Million by 2027, growing at a CAGR of 44.2% from 2020 to 2027.

 
HIV Self-test Kits Market Size And Forecast
The Global HIV Self-test Kits Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global HIV Self-test Kits Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

HIV Self-test Kits Market was valued at USD 62.02 Million in 2019 and is projected to reach USD 1160.28 Million by 2027, growing at a CAGR of 44.2% from 2020 to 2027.

What is HIV Self-test Kits?
HIV self-test kit is the quick diagnostic product that is used for the testing of HIV in a private environment through the sample collected from oral fluid, urine or blood of an individual. It is also known as point-of-care tests in HIV diagnosis. This test is very easy to perform. The results taken through these HIV self-test kits are highly precise and can be compared to the results from diagnostics of laboratories. HIV antigen and antibodies can detect through these tests. ease of usage, quick results and high sensitivity & specificity are some driving factors for the usage of HIV self-test kits.

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Global HIV Self-test Kits Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Factors such as increasing prevalence of HIV across the globe, rising adoption rate of HIV self-tests, Rise in awareness about importance of HIV diagnosis, increasing public sector funding and collaborations are expected to boost the growth of the global HIV self-test kits market growth. In addition to this ease of usage, quick results, high sensitivity & specificity and affordable prices are creating demand for the market. However, the availability of the kits is quite low in pharmacies of developing economies, which is anticipated to hamper the growth of the global HIV self-testing market. In addition to this factor such as the least awareness amongst people for HIV self-testing, prolonged registration procedure for approval of locally manufactured products is some of the factors projected to hinder the growth of the global HIV self-testing market.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global HIV Self-test Kits Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global HIV Self-test Kits Market Competitive Landscape
The “Global HIV Self-test Kits Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as OraSure Technologies Inc., Atomo Diagnostics, Chembio Diagnostic Systems Inc., Biosynex Group, BioSURE United Kingdom Ltd., ECO Diagnostica, bioLytical Laboratories, Sedia Biosciences Corporation, Orangelife Comércio e Indústria LTDA and WAMA Diagnostica. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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HIV Self-test Kits Market, By Technology
• Immunofiltration
• Lateral Flow Immunoassay
• Fluorescent Chromatography

HIV Self-test Kits Market, By Specimen Type
• Blood
• Urine
• Oral Fluid

HIV Self-test Kits Market, By Tests Generation
• 2nd
• 3rd
• 4th

HIV Self-test Kits Market, By End-User
• Hospitals
• Diagnostic Laboratories
• Specialty Clinics
• Research Institutes
• Others

HIV Self-test Kits Market, By Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World

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Last Updated February 2, 2021