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HIV Diagnostics Market Size, Global Trends and Forecast By Regions, Segmentation, Applications, Dynamics

Global HIV Diagnostics Market Research Report, by Product (Consumables, Instruments and Software & Services), Test Type (Antibody Tests, Viral Load Tests, CD4 Tests, Tests for Early Infant Diagnosis and Tests for Viral Identification), End User (Diagnostic Laboratories, Hospitals, Blood Banks, Home Care Settings and Other) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast till 2027HIV Diagnostics Market HighlightsAccording to MRFR analysis, the Global HIV Diagnostics Market is expected to register a CAGR of 10.6% during the forecast period of 2020 to 2027 and is anticipated to reach USD 7,118.26 Million by 2027.The growth of the global HIV diagnostics market size is driven by various factors, such as the growing demand for the technologically advanced devices for diagnosing HIV with high accuracy, increasing adaption of home diagnostic kits  for testing of HIV, rising funding for research and development activities to develop new kits.On June 2018, Abbott announced the launch of a new point-of-care test called m-PIMA HIV-1/2 VL in the Netherlands for the easy, quick, and accurate management of HIV infection.However, the ignorance of healthcare issues, lack of awareness about the disease and limited availability of advanced products in the developing countries hamper the market growth.HIV Diagnostics Market Regional AnalysisThe market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.The Western European market has further been divided as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.The increasing R to develop novel diagnostic kit, and growing funding for developing diagnostic kits boosts the market growth.The European Community has funded around USD 7.6 million in 2017 to develop the innovative tools to help end the epidemic.The HIV diagnostics market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.
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