Rising Awareness of HIV & Hepatitis Boosts Immunology Testing in India & China, Suggests GlobalData
18 Jul 2012 • by Natalie Aster
Rising demand for hepatitis and HIV testing is set to increase the value of the infectious immunology market. A number of novel technologies are emerging in infectious immunology, with molecular diagnostics providing faster and more accurate results, and being expected to provide significant competition to immunology-based tests in the future.
The new report "Infectious Immunology - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2018" elaborated by GlobalData shows how an increased demand for convenient testing, and market penetration in emerging economies due to increasing awareness and affordability, is redefining the infectious immunology market.
Infectious Immunology - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2018
Published: June, 2012
Price: US$ 3.995,00
The introduction of Point of Care Tests (POCTs) and home-based testing will significantly impact patient care management by improving mobility and convenience, and enabling convenient testing by travelling medical staff in poor countries and remote areas.
The US is the largest market for infectious immunology testing, accounting for nearly 36% of global revenue. This is due to the large testing volumes for diseases such as hepatitis, and high public awareness. The availability of reimbursement for infectious disease testing also plays a significant role, and changes in the reimbursement scenario for routine Human Immunodeficiency Virus (HIV) testing are likely to further encourage the retroviral testing market in the US.
In comparison to developed nations, the infectious immunology markets of emerging countries are small, but have witnessed the highest growth rates throughout the past decade. The infectious immunology market in India is forecast to grow at a CAGR of 22.5% during 2011-2018, reaching revenue of nearly $200m by 2018, while the market in China is forecast to grow at a CAGR of 21% over the same period to reach revenue close to a billion dollars. This growth will stem from increasing affordability due to economic growth, better awareness among the patient population, and improving market penetration in rural areas.
More information can be found in the report “Infectious Immunology - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2018” by GlobalData.
To order the report or ask for sample pages contact [email protected]