The application of fourth-generation and fifth-generation rapid test kits is currently high. The adoption and innovation of digital HIV self-testing tools have increased in recent times, with website-based innovation becoming highly popular.
CHICAGO, Jan. 17, 2023 /PRNewswire/ -- According to Arizton's latest research report, the global HIV rapid test kits market will grow at a CAGR of 2.7% from 2022-2028. HIV rapid test kits have evolved into advanced forms of testing. The application of fourth-generation and fifth-generation rapid test kits is currently high in the market and is expected to become popular in the upcoming years. Fourth-generation HIV test kits are designed to identify HIV antibodies with a blood sample and HIV-specific antigen (p24). Hence, the introduction of fourth-generation HIV kits expects to increase the revenue of the blood sample-based kits in the upcoming years as their acceptance is likely to increase. Older-generation HIV test kits, such as third-generation HIV test kits, are unreliable until three months after exposure to HIV. Hence, these limitations increase the demand for fourth-generation HIV rapid test kits globally. HIV Rapid Test Kits Market
Moreover, the introduction of digital support for HIV self-testing and government initiatives to boost the sales of the market. The application of digital tools in HIV management is increasing rapidly, which is expected to fuel the adoption of HIV self-testing rapid test kits. These interventions are currently improving HIV care and diagnosis. In 2021–2022, the HIV Self-Testing (HIVST) deployment and digital tool integrations in health services were emerging, but it was a priority for UNAIDS. In healthcare services, digital health technologies are achieving high traction in high-and middle-income countries. Furthermore, telemedicine has allowed the continuity of HIV care for many patients. The COVID-19 pandemic covers the roadmap for the evolution of HIV self-testing with digital support to reduce the gap in HIV care deliveries. . The application of digital tools in HIV management is increasing rapidly, which is expected to fuel the adoption of HIV self-testing rapid test kits. These interventions are currently improving HIV care and diagnosis. In 2021–2022, the HIV Self-Testing (HIVST) deployment and digital tool integrations in health services were at an emerging stage, but it was a priority for UNAIDS. In healthcare services, digital health technologies are achieving high traction in high-and middle-income countries. Furthermore, telemedicine has allowed the continuity of HIV care for many patients. The COVID-19 pandemic covers the roadmap for the evolution of HIV self-testing with digital support to reduce the gap in HIV care deliveries. Implementing digital tools in the HIV rapid test kits market has a high potential to reach diverse audiences with the potential for widespread scale-up. The effective and efficient linkage between health services and patients increasing access to HIV testing. These factors are expected to increase HIV rapid test adoption in the diverse patient population, thereby driving the demand for market growth in upcoming years. According to the Lancet, the adoption and innovation of digital HIV self-testing tools have increased in recent times, with website-based innovation becoming highly popular. Around 54% of HIV self-testing digital tool innovations are related to website-based innovations based on studies run by the Lancet. These studies are conducted in Asia, North America, Europe, South America, and Africa. Digital tools support in HIVST have been acceptable, feasible, and preferable in the last decades, however, they are currently showing uptake, with improvement in the access to HIV rapid test kits and associated clinical outcomes. Global HIV Rapid Test Kits Market Report Scope
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North America, APAC, Middle East & Africa, Europe, and Latin America are the major geographies covered in the global HIV rapid test kits market. In 2022, North America accounted for a 31.06% share of the global HIV rapid test kits market and dominated it with high revenue generation. The factors propelling the market growth in the region are high HIV prevalence and increasing awareness of the disease. In addition, government-backed programs and initiatives for HIV self-testing support the market growth in the region. APAC and Middle East Africa regions expect to offer lucrative market growth opportunities during the forecast period.
According to the Lancet, the adoption and innovation of digital HIV self-testing tools have increased in recent times, with website-based innovation becoming highly popular. Around 54% of HIV self-testing digital tool innovations are related to website-based innovations based on studies run by the Lancet. These studies are conducted in Asia, North America, Europe, South America, and Africa. Digital tools support in HIVST have been acceptable, feasible, and preferable in the last decades, however, they are currently showing uptake, with improvement in the access to HIV rapid test kits and associated clinical outcomes. Some companies collaborating with the WHO and UNAIDS to increase the rate of HIV self-testing, thereby supporting HIV rapid test kits market growth. In 2022, the WHO partnered with the Clinton Health Access Initiative (CHAI), Wondfo Biotech Company, and MedAccess. These partnerships make available HIV-self-test kits for only $1 in the public sector in LMICs. This is expected to increase the high market competition among leading market players. Inorganic growth strategies by leading market players have creating entry barriers for many small and emerging players. ADOPTION OF INNOVATION LATERAL FLOW IMMUNOASSAY IS HIGH ACROSS HIV RAPID TEST KITS MARKET
Several companies in the market are coming up with low-cost lateral flow-based HIV test kits. Many regulatory bodies, such as the WHO and other NGOs, are funding HIV test kit manufacturing. This will help companies to come up with unique products in the market. The level of innovations in the lateral flow immune assay is high in the market. In LMICs, there is a constant rise in the prevalence of HIV infection, which demands the usage of HIV rapid diagnostic test kits to increase significantly. Lateral flow immune assays are more user-friendly and are highly used among people with limited access to healthcare settings. Most health authorities and healthcare settings suggest immunochromatographic rapid test kits. In western African countries, the newly developed and available HIV rapid test kits, which are developed based on the immunochromatographic assay, are commonly used. Market players expect to have high market growth opportunities in Africa. Click Here to Download the Free Sample Report
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4.1.3 MARKET ESTIMATION CAVEATS
4.3.1 MARKET BY TECHNOLOGY
4.3.2 MARKET BY SAMPLE TYPE
4.3.3 MARKET BY DISTRIBUTION CHANNELS
4.3.4 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
9 MARKET OPPORTUNITIES & TRENDS
9.1 INTRODUCTION OF NEXT GENERATION HIV RAPID TEST KITS
9.2 INCREASE IN HIV SELF-TESTING BY GOVERNMENT BODIES
9.3 DIGITAL SUPPORT FOR HIV SELF-TESTING
10 MARKET GROWTH ENABLERS
10.1 INCREASING HIV PATIENT POPULATION
10.2 INCREASED RESOURCES AVAILABILITY AND FUNDING FOR HIV MANAGEMENT
10.3 INCREASED AWARENESS OF HIV SELF-TESTING
11.1 INCREASING INCIDENCES OF FALSE NEGATIVES
11.2 LIMITATIONS & CHALLENGES ASSOCIATED WITH HIV TESTING
11.3 LOW ACCESSIBLITY & LACK OF AWARENESS FOR HIVST
12.1.1 INSIGHTS BY TECHNOLOGY
12.1.2 INSIGHTS BY SAMPLE TYPE
12.1.3 INSIGHTS BY DISTRIBUTION CHANNELS
12.1.4 INSIGHTS BY GEOGRAPHY
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.3 LATERAL FLOW IMMUNOASSAY
13.3.2 MARKET SIZE & FORECAST
13.3.3 MARKET BY GEOGRAPHY
13.4.2 MARKET SIZE & FORECAST
13.4.3 MARKET BY GEOGRAPHY
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.3.2 MARKET SIZE & FORECAST
14.3.3 MARKET BY GEOGRAPHY
14.4.2 MARKET SIZE & FORECAST
14.4.3 MARKET BY GEOGRAPHY
14.5.2 MARKET SIZE & FORECAST
14.5.3 MARKET BY GEOGRAPHY
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.3.2 MARKET SIZE & FORECAST
15.3.3 MARKET BY GEOGRAPHY
15.4.2 MARKET SIZE & FORECAST
15.4.3 MARKET BY GEOGRAPHY
16.1 MARKET SNAPSHOT & GROWTH ENGINE
17.2 MARKET SIZE & FORECAST
17.3.1 MARKET SIZE & FORECAST
17.4.1 MARKET SIZE & FORECAST
17.5 DISTRIBUTION CHANNELS
17.5.1 MARKET SIZE & FORECAST
17.6.1 US: MARKET SIZE & FORECAST
17.6.2 CANADA: MARKET SIZE & FORECAST
18.2 MARKET SIZE & FORECAST
18.3.1 MARKET SIZE & FORECAST
18.4.1 MARKET SIZE & FORECAST
18.5 DISTRIBUTION CHANNELS
18.5.1 MARKET SIZE & FORECAST
18.6.1 CHINA: MARKET SIZE & FORECAST
18.6.2 INDIA: MARKET SIZE & FORECAST 18.6.3 INDONESIA: MARKET SIZE & FORECAST
18.6.4 THAILAND: MARKET SIZE & FORECAST
18.6.5 VIETNAM: MARKET SIZE & FORECAST
19.2 MARKET SIZE & FORECAST
19.3.1 MARKET SIZE & FORECAST
19.4.1 MARKET SIZE & FORECAST
19.5 DISTRIBUTION CHANNELS
19.5.1 MARKET SIZE & FORECAST
19.6.1 SOUTH AFRICA: MARKET SIZE & FORECAST
19.6.2 MOZAMBIQUE: MARKET SIZE & FORECAST
19.6.3 KENYA: MARKET SIZE & FORECAST 19.6.4 NIGERIA: MARKET SIZE & FORECAST
19.6.5 TANZANIA: MARKET SIZE & FORECAST
20.2 MARKET SIZE & FORECAST
20.3.1 MARKET SIZE & FORECAST
20.4.1 MARKET SIZE & FORECAST
20.5 DISTRIBUTION CHANNELS
20.5.1 MARKET SIZE & FORECAST
20.6.1 FRANCE: MARKET SIZE & FORECAST
20.6.2 ITALY: MARKET SIZE & FORECAST 20.6.3 UKRAINE: MARKET SIZE & FORECAST
20.6.4 PORTUGAL: MARKET SIZE & FORECAST
20.6.5 RUSSIA: MARKET SIZE & FORECAST
21.2 MARKET SIZE & FORECAST
21.3.1 MARKET SIZE & FORECAST
21.4.1 MARKET SIZE & FORECAST
21.5 DISTRIBUTION CHANNELS
21.5.1 MARKET SIZE & FORECAST
21.6.1 BRAZIL: MARKET SIZE & FORECAST
21.6.2 MEXICO: MARKET SIZE & FORECAST
21.6.3 COLOMBIA: MARKET SIZE & FORECAST
22.1 COMPETITION OVERVIEW
22.2 MARKET SHARE ANALYSIS
22.2.2 BIO-RAD LABORATORIES
22.2.4 CHEMBIO DIAGNOSTICS
22.2.5 ORASURE TECHNOLOGIES
23.2 BIO-RAD LABORATORIES
23.5 ORASURE TECHNOLOGIES
24 OTHER PROMINENT VENDORS
24.3 BIOLYTICAL LABORATORIES
24.11 MEDSOURCE OZONE BIOMEDICALS
24.12 NANJING SYNTHGENE MEDICAL TECHNOLOGY
24.15 KHB (SHANGHAI KEHUA BIO-ENGINEERING)
25.2 STRATEGIC RECOMMENDATIONS
26.2 MARKET BY TECHNOLOGY
26.3 MARKET BY SAMPLE TYPE
26.4 MARKET BY DISTRIBUTION CHANNELS
26.5 TECHNOLOGY: MARKET BY GEOGRAPHY
26.5.1 LATERAL FLOW IMMUNOASSAY: MARKET BY GEOGRAPHY
26.5.2 IMMUNOFILTRATION: MARKET BY GEOGRAPHY
26.6 SAMPLE TYPE: MARKET BY GEOGRAPHY
26.6.1 BLOOD SAMPLE TYPE: MARKET BY GEOGRAPHY
26.6.2 ORAL FLUID SAMPLE TYPE: MARKET BY GEOGRAPHY
26.6.3 URINE SAMPLE TYPE: MARKET BY GEOGRAPHY
26.7 DISTRIBUTION CHANNELS: MARKET BY GEOGRAPHY
26.7.1 OFFLINE DISTRIBUTION CHANNELS: MARKET BY GEOGRAPHY
26.7.2 ONLINE DISTRIBUTION CHANNELS: MARKET BY GEOGRAPHY
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