Pune, India -- (SBWIRE) -- 12/18/2019 -- The Infinium Global Research analyzes the "Hepatitis Test Solution/Diagnosis Market (Disease Type - Hepatitis B (HBV), Hepatitis C (HCV), and Other Hepatitis Diseases; Technology - Enzyme-linked Immunosorbent Assay (ELISA), Rapid Diagnostic Tests (RDT), Polymerase Chain Reaction (PCR), Isothermal Nucleic Acid Amplification Technology (INAAT), and Other Technologies): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025." The global hepatitis test solution/diagnosis market is projected to grow at a CAGR of 4.1% over the forecast period of 2019-2025.

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Hepatitis is an inflammatory condition of the liver, caused by the viral infection. Further, there are other factors that are the primary cause of hepatitis, such as side effects of medications, drugs, toxins, and alcohol. As per the Centers for Disease Control and Prevention (CDC), around 4.4 million people are suffering from hepatitis problem in the United States. Several people are not aware of the disease, although they are suffering from it.

Further, the rate of the hepatitis B virus infection has increased since 2014 in the United States, owing to the growing rate of injection drug use in this region. Hepatitis B and C are the most chronic infection, which does not show the symptoms for a long period of time. Some time it takes to years or a decade to show its signs. As per the World Health Organization, at least 60% of the liver cancer cases are caused by late testing and delayed treatment of the viral hepatitis B and C. The lack of availability of the testing and treatment of hepatitis is the major cause of the death of people suffering from this problem around the world. The World Health Organization has set the goal to reduce the paucity of the testing and treatment facility in the underdeveloped and developing countries by 2030.

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Changing Lifestyle and Food Consumption Habits Driving the Growth of the Market

The changing lifestyle and food consumption habits are the major factors, positively influencing the growth of the hepatitis test solution/diagnosis market around the world. Further, the growing side effect of the medication, excessive consumption of alcohol is the major factor for the growth of the hepatitis test solution/diagnosis market.

Now, people are getting more information about the hepatitis problem and becoming more aware of it. They are adopting several protective measures to escape hepatitis as far as possible and consulting healthcare professionals and undergoing various testing procedures to avoid hepatitis. However, the lack of a basic healthcare facility to test and diagnose the hepatitis-related problem as early as possible is hampering the growth of the hepatitis test solution/diagnosis market in the emerging market.

ELISA Segment is Expected to Dominate the Market During the Forecast Period

The global hepatitis test solution/diagnosis market is segmented into two segments based on disease type and technology. Based on disease type, the hepatitis test solution/diagnosis market is segmented into hepatitis B(HBV), and Hepatitis C(HCV) and other hepatitis diseases.

Further, on the basis of technology, the hepatitis test solution/diagnosis market is segmented into Enzyme-Linked Immunosorbent Assay (ELISA), Rapid Diagnostic Tests (RDT), Polymerase Chain Reaction (PCR), Isothermal Nucleic Acid Amplification Technology (INAAT), and Other Technologies.

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North America is the Largest Market Due to the Presence of a Large Number of Hepatitis Test Solution Manufacturing Companies

Geographically, the global hepatitis test solution/diagnosis market is segmented into North America, Europe, Asia Pacific, and RoW. North America is the largest market of the hepatitis test solution/diagnosis market, owing to the presence of a large number of hepatitis test solution/diagnosis manufacturing companies. Additionally, more informed citizens about the different types of hepatitis problems are helping to grow the hepatitis test solution/diagnosis market in North America. Europe is the second-largest market for the hepatitis test solution/diagnosis market after North America. The Asia-Pacific is expected to grow at the highest CAGR during the forecast period, owing to the focused government initiative to eradicate the hepatitis problem on or before 2030.

Hepatitis Test Solution/Diagnosis Market: Competitive Landscape

The global hepatitis test solution/diagnosis market is highly competitive. The prominent players operating in the global hepatitis test solution/diagnosis market are Fujirebio Diagnostics, Inc, Ortho Clinical Diagnostics, bioMérieux S.A., Grifols, S.A., Danaher Corporation, QIAGEN GmbH, DiaSorin S.p.A., Siemens Healthineers AG, Bio-Rad Laboratories, Inc., F. Hoffmann-La Roche AG, and Abbott Laboratories. Additionally, numerous players are doing well in their respective captured markets. 

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the hepatitis test solution/diagnosis.

=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.

=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.  

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.