Hepatitis C Virus (HCV) Testing Market is estimated to grow at a CAGR of 5.6% from 2022 to 2032 | FMI

[Report of 297 Pages] By the end of 2022, it is anticipated that the market for hepatitis C virus (HCV) testing will be worth US$733.6 Million. A CAGR of 5.6% has been predicted for the market during the forecast period of 2022 to 2032, with an anticipated closing value of US$ 1341.7 Million. The industry expanded at a CAGR of 6% over the historical period of 2016–2021.

Increasing burden of infectious diseases on healthcare system is a main concern across the globe and developing countries have heavy share of infectious disease burden. Burden of hepatitis C virus infection is growing over the years. According to Institute of Liver and Biliary Sciences India, approximately 3% of global population is infected with hepatitis C virus infection. HCV leads to chronic infection in 80% of infected patients. Initial testing for hepatitis C virus uses serological assays to detect antibodies against HCV in blood samples.

As per recent guidelines for hepatitis C screening by Centers for Disease control and Prevention (CDC), cut-off ratio for anti HPV antibodies is added which helps to decide additional assays for confirmation of screening results. Nucleic acid amplification test (NAT) is used as a confirmatory test and to determine viral load. All positive antibody tests are followed by RNA test.  Genotyping tests for HCV are used in clinical management of HPV to determine viral load and optimal duration of treatment. Long term Use of injection drugs, use of non-sterile needles for tattooing and body piercing etc. are common causes for spread of hepatitis C virus infection.

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Hepatitis C Virus (HCV) Testing Market: Drivers and Restraints

Growing incidence of hepatitis C virus infection is the major factor driving growth of global hepatitis C virus testing market. Inappropriate practices of blood donation is the major cause for spread of hepatitis C virus infection. Hepatitis C screening is the mandatory screening test prior to organ donation, and growing organ donation programs across the globe is expected to push the market growth. Launch of point of care testing products for HCV testing increases demand for HCV testing kits. In 2010, OraQuick HCV Rapid Antibody Test was approved by FDA which is now largely being used as an alternative to enzyme immunoassay testing for HCV. Application of new electrochemical immunosensor and genosensor technologies in HPV testing are expected to change conventional HPV testing practices.  However, inadequate insurance coverage for hepatitis C testing and limited access to regular health care are the factors restraining the growth of global hepatitis C virus testing market.

Hepatitis C Virus (HCV) Testing Market: Overview

Prevalence of hepatitis C is low when compared to hepatitis A and hepatitis B. Thus little efforts are being taken to develop novel tests for hepatitis C virus testing. Among all 3 test types, HCV antibody testing is expected to take highest share in global hepatitis C virus testing market, as antibody testing is the primary screening test for HCV testing and large population undergo routine HCV antibody testing. Among end users, diagnostic centers end user segment is expected to contribute highest market share in global HCV testing market.

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Hepatitis C Virus (HCV) Testing Market: Regional Outlook

Geographically, hepatitis C virus testing market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. Western Europe is expected to dominate global hepatitis C virus testing market over the forecast period due to high incidence of HCV. Asia Pacific is expected to be the second largest market for HCV testing. According to WHO, Eastern Mediterranean and European region have the highest prevalence of HCV with the prevalence of 2.3% and 1.5%, respectively. HCV virus shows significant genetic variations in global population due to high rate of viral RNA mutation.

Hepatitis C Virus (HCV) Testing Market: Key Players

Some of the players identified in global hepatitis C virus testing market include OraSure Technologies, Inc., Abbott Laboratories Inc., Siemens Healthcare GmbH, Bio Rad Laboratories Inc., Ortho Clinical Diagnostic Inc. (Johnson & Johnson), Bayer AG, QIAGEN N.V., Thermo Fisher Scientific Inc., BioGenex, AccuQuick, Roche Diagnostics (H. Hoffman-La Roche Ltd.), STD Rapid Test Kits etc. among others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
• Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
• Asia Pacific Excluding Japan (China, India, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, Rest Of MEA)

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Hepatitis C Virus (HCV) Testing Market: Segmentation

Tentatively, global hepatitis C virus testing market has been segmented on the basis of test type, technique, end user, and geography.

Based on technique, global hepatitis C virus testing market is segmented as below:

• Immunoassays
• Polymerase Chain Reaction (PCR)
• Others

Based on test type, global hepatitis C virus testing market is segmented as below:

• HCV Antibody Tests
• HCV Viral Load Tests
• HCV Genotyping Tests

Based on end user, global hepatitis C virus testing market is segmented as below:

• Hospitals
• Diagnostic Centers
• Blood Donation Centers

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint.

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