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The global human immunodeficiency virus (HIV) rapid test kits market size attained a value of 955.60 million in 2023. The market is expected to grow at a CAGR of 7.31% between 2024 and 2032, reaching almost 1803.69 million by 2032.
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The competition in the market for HIV rapid test kits is severe among suppliers to provide practical, inexpensive, and reliable test kits. A paradigm shift from therapy to preventive healthcare and increased awareness of HIV testing is prompting suppliers to produce innovative test kits. The growing acceptance among end-users of these HIV rapid test kits is due to the existence of different suppliers of a wide range of test kits who are driving the industry growth.
HIV rapid test kits industry can be divided on the basis of segments like type and end-use. The industry can be broadly categorised on the basis of its end-use into:
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The industry can be divided on the basis of its type as HIV rapid immunoassay test and HIV rapid molecular diagnostic test.
The EMR report looks into the regional markets of human immunodeficiency virus rapid test kits like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The increasing demand for HIV point-of-care testing is one of the main drivers for the development of the fast test kits industry for the human immunodeficiency virus. Technologies for point-of-care testing are inexpensive and readily available. They are required where the population constitutes high-risk patients, and there are high chances of early detection of HIV. Non-experts may also perform testing equipment for point-of-care, which increases the use of the human immunodeficiency virus fast test kits in hospitals and clinics of HIV point-of-care testing, thus, aiding the industry growth.
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The report provides a detailed analysis of the following key players in the global HIV rapid test kits market, looking into their capacities, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives a detailed insight into the industry by providing a SWOT analysis as well as an analysis of Porter's five forces.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global human immunodeficiency virus (HIV) rapid test kits market is estimated to grow at a CAGR of 7.31% between 2024 and 2032.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the rising awareness about HIV testing, increasing healthcare expenditure, growing acceptance of HIV rapid test kits among end-users, and rising disposable incomes.
The increasing demand for HIV point-of-care testing and rapid development of hospitals, diagnostic centres, and nursing homes are the key trends guiding the growth of the market.
HIV rapid immunoassay test and HIV rapid molecular diagnostic test are the major types of human immunodeficiency virus (HIV) rapid test kits in the market.
Diagnostic centers, and hospitals and clinics are the different end-uses of the product.
The key players in the market include Abbott Laboratories, Bio-Rad Laboratories, Inc., Beckman Coulter, Inc., F. Hoffmann-La Roche Ltd, and QIAGEN GmbH, among others.
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