During the forecast period 2023 to 2033, the Chronic Hepatitis B Virus Testing market is expected to grow at a value of 6.9% CAGR, according to Future Market Insights. By the year 2033, the global market for Chronic Hepatitis B Virus Testing is expected to rise up to a market valuation of US$ 1790 Million. Growth of the market can be attributed to high prevalence of chronic HBV infection worldwide, increasing public awareness about the importance of early diagnosis and treatment, and the availability of advanced diagnostic technologies.
Another factor driving the growth of the market is the increasing public awareness about the importance of early diagnosis and treatment of chronic HBV infection. As more people become aware of the risks associated with chronic HBV infection and the importance of early intervention, the demand for diagnostic tests is likely to increase. Additionally, government initiatives aimed at increasing public awareness and improving access to testing and treatment are expected to further drive the growth of the Chronic Hepatitis B Virus Testing Market.
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The availability of advanced diagnostic technologies is also contributing to the growth of the market. Advances in serological assays, nucleic acid tests, and imaging technologies have led to the development of more accurate and reliable diagnostic tests for chronic HBV infection. These tests are also becoming more accessible and affordable, making it easier for patients to access testing and treatment.
Key Takeaways from the Market Study
- Chronic Hepatitis B Virus Testing market is expected to grow at a value of 6.9% CAGR in the forecast period 2023 to 2033.
- By product type, EIA kits are expected to hold 53% of the market share in 2023 for Chronic Hepatitis B Virus Testing market.
- North America is expected to possess 44% market share for Chronic Hepatitis B Virus Testing market in 2023.
- Europe Chronic Hepatitis B Virus Testing market size is expected to possess 39% market share in 2023.
“High prevalence of the disease has created a significant demand for accurate and reliable diagnostic tests to detect and monitor the infection, driving the growth of the Chronic Hepatitis B Virus Testing Market” States an FMI analyst
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Competitive Landscape
Key players in the Chronic Hepatitis B Virus Testing market are Gilead Sciences, GlaxoSmithKline, Ionis Pharma, Janssen Sciences Ireland, Assembly Biosciences, Janssen and Arrowhead Pharmaceuticals, Roche, Vir Biotechnology, Bio-Rad Laboratories, Inc., DiaSorin S.p.A., Abbott Laboratories, Meridian Bioscience
- Gilead Sciences’ has partnered with the Hepatitis B Foundation and the Task Force for Global Health to launch the Hepatitis B Rural Outreach and Testing (HB R.O.O.T.) program. This program aims to increase HBV testing and diagnosis in rural areas of the United States, where HBV testing and diagnosis rates are often low.
- One of Janssen’s key contributions in the area of HBV testing is their development of a blood test that can detect the presence of HBV DNA in the bloodstream. The test, called the COBAS AmpliPrep/COBAS TaqMan HBV Test, is used to monitor the amount of virus in patients with chronic HBV infection and to evaluate the effectiveness of antiviral treatment.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global Chronic Hepatitis B Virus Testing market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights on the basis of Product Type (Enzyme Immunoassay Kits and Point-of-Care Testing Kits), End User (Hospitals, Clinics, Diagnostic Centers, Home Care), Region (North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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