Hepatitis C Virus Testing Market

Market Study on Hepatitis C virus (HCV) Testing: PMR Foresees Opportunities in the Increased Awareness and Screening Initiatives, as well as a Growing Effort in Addressing the Global Need for Effective Diagnosis and Management of Hepatitis C Infections

A Detailed Analysis of the Hepatitis C Virus Testing Market Based on Rising HCV Prevalence, Developments in Diagnostics, and the Emphasis on Public Health Campaigns Promoting Early Detection and Treatment

Report ID: PMRREP33718

Number of Pages: 190

Format: PPT*, PDF, EXCEL

Industry: Healthcare

Published Date: January-2024

Report Price

$4900*

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Hepatitis C Virus Testing Market

The global hepatitis C virus testing market is forecast to expand at a CAGR of 5.8% and thereby increase from a value of US$798.7 Mn in 2023, to US$1,185.2 Mn by the end of 2030.

Attributes

Key Insights

Hepatitis C Virus (HCV) Testing Market Size (2023E)

US$798.7 Mn

Projected Market Value (2030F)

US$1,185.2 Mn

Global Market Growth Rate (CAGR 2023 to 2030)

5.8%

Historical Market Growth Rate (CAGR 2018 to 2022)

5.2%

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Market Introduction and Definition

Testing for the hepatitis C virus is clinically significant in the diagnosis and treatment of HCV infections, a significant worldwide health issue. HCV testing consists essentially of the detection of viral RNA or antibodies to confirm the presence of the virus in the circulation of an individual. Early detection of infections is the objective of the diagnostic procedure; this enables prompt intervention and decreases the likelihood of chronic complications. This testing procedure incorporates a range of techniques, such as nucleic acid and enzyme immunoassays, to guarantee thorough screening and precise diagnosis.

The worldwide market for HCV testing is experiencing substantial expansion, which can be attributed to multifaceted factors. The initial catalyst is the escalating incidence of HCV infections on a global scale, which has generated a surge in the need for efficacious diagnostic methods. Furthermore, technological progress has resulted in the creation of testing techniques that are more precise and sensitive, thereby augmenting the precision of HCV diagnosis.

Market expansion is further propelled by proactive government initiatives and increasing public awareness regarding infectious disease control. The upward trajectory of the market can be attributed to the increasing adoption of point-of-care testing and the integration of molecular diagnostics in HCV testing. In aggregate, these elements emphasize the significance and expansion prospects of the HCV testing industry worldwide.

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Market Growth Drivers

Rising Incidence of Hepatitis C Infections

The worldwide increase in demand for HCV testing is due to the enduring increase in the incidence of hepatitis C infections. The extensive prevalence of HCV testing acts as a powerful catalyst, propelling the market for HCV testing in a direction of ongoing growth. Hepatitis C is a bloodborne virus that is predominantly transmitted via contaminated blood contact; historically, it has been linked to hazardous medical procedures, intravenous drug administration, and blood transfusions.

According to the World Health Organization (WHO), the global prevalence of hepatitis C infection is estimated to affect around 58 million individuals, thereby making a substantial contribution to the overall burden of liver-related illnesses. Due to the potential for severe liver complications, including cirrhosis and hepatocellular carcinoma, and the chronic nature of HCV infections, effective testing and diagnosis are of the utmost importance.

The increasing incidence of HCV infections is especially conspicuous in specific geographical areas and demographic groups, thereby heightening the urgency for reliable testing systems. Those born to HCV-infected mothers, individuals who inject drugs, and those with a history of hazardous medical procedures are among the high-risk groups that are disproportionately affected.

Moreover, areas that lack sufficient healthcare infrastructure and have restricted availability of diagnostic services encounter obstacles when it comes to timely identification and intervention. This highlights the critical importance of HCV testing in promptly identifying individuals who are infected and instituting suitable treatment approaches. The increasing recognition of the asymptomatic characteristics of HCV infections underscores the criticality of comprehensive testing initiatives, given that individuals may bear the virus unknowingly, thereby contributing to its covert dissemination within communities.

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Market Restraints

Economic Difficulties Experienced by Specific Regions and Populations

The global HCV testing market is substantially impeded by the economic difficulties experienced by specific regions and populations, which restrict their ability to allocate resources toward comprehensive testing initiatives. In contexts with limited resources, the substantial financial investment required for sophisticated testing methods and advanced diagnostic technologies represents a significant impediment to their widespread implementation.

Healthcare systems in developing nations frequently face the challenge of constrained financial resources, which impedes their capacity to acquire and sustain state-of-the-art HCV testing instruments. The financial limitations transcend the initial investment in testing infrastructure and incorporate continuous operational expenditures, such as those associated with maintenance, training, and quality control.

Presence of Undetected and Asymptomatic Cases

An important obstacle confronting the worldwide HCV testing industry is the presence of undetected and asymptomatic cases, which impede the detection and subsequent management of hepatitis C infection sufferers. Due to the asymptomatic characteristics of HCV infections in their early stages, affected individuals frequently go unnoticed, resulting in a postponed diagnosis and heightened susceptibility to complications.

Healthcare systems that seek to implement efficient testing strategies face a significant obstacle in the form of a substantial proportion of the infected population remaining undetected. The persistence of HCV is sustained by the continuous transmission of the virus within communities, which is aided by undiagnosed cases.

Opportunities

Growing Emphasis on Proactive Screening Initiatives, and Preventive Healthcare

An opportunistic factor driving the global HCV testing market is the growing emphasis on proactive screening initiatives and preventive healthcare. A paradigm shift towards preventive measures has been prompted by the identification of hepatitis C as a significant public health concern; this has increased the demand for reliable testing solutions. Increasing amounts of money are being invested by governments, healthcare organizations, and advocacy groups in public health campaigns that aim to educate the public about the dangers of HCV infection, the significance of early detection, and the availability of effective treatments.

The heightened level of consciousness has increased the number of individuals voluntarily pursuing testing, thereby establishing a favorable atmosphere for the expansion of the market. As a result of the shifting healthcare delivery environment, which prioritizes preventative measures over reactive ones, HCV testing has been incorporated into routine health examinations and community health programs. There is a growing trend among primary care providers to integrate HCV screening into their routine patient care, which enables the detection of infection in its nascent phases.

In addition, the increasing prevalence of point-of-care testing (POCT) technologies expedites and simplifies the detection of HCV, thereby expanding the availability of testing in a variety of healthcare environments. By strategically incorporating HCV testing into wider preventive healthcare programs, healthcare systems not only improve their overall effectiveness but also make a significant contribution towards mitigating the worldwide burden of HCV-associated liver diseases.

Analyst’s Viewpoint

The worldwide HCV testing market is positioned for significant expansion, propelled by a confluence of elements that collectively constitute an auspicious environment. A significant factor driving this expansion is the escalating incidence of hepatitis C infections on a global scale. The increasing prevalence, which is frequently linked to questionable medical procedures, intravenous drug administration, and past blood transfusions, drives the need for reliable testing methods. To prevent the transmission of contagious illnesses, healthcare systems around the world are increasingly incorporating comprehensive HCV testing programs into their overall public health strategies.

The involvement of manufacturers in the HCV testing industry is crucial in satisfying the increasing need for precise and effective diagnostic solutions. The dynamic between manufacturers and consumers is transforming in tandem with the progress made in diagnostic technologies. Innovative testing methods, including immunoassays and PCR-based assays, are the focus of manufacturers' efforts to improve sensitivity and specificity.

Furthermore, partnerships established between healthcare providers and manufacturers are facilitating the incorporation of these state-of-the-art solutions into standard healthcare procedures. By utilizing this collaborative approach, clinicians are guaranteed easy access to the most recent diagnostic instruments, which significantly improves patient outcomes and facilitates early detection.

Strong emphasis placed on preventive healthcare and proactive screening initiatives bodes well for the future of the HCV testing market. Increasingly, advocacy groups, governments, and healthcare organizations are investing in public health campaigns to raise awareness about the dangers of HCV infection. Increased consciousness is fostering a transition towards regular screening and timely diagnosis, thereby establishing a favorable setting for the expansion of the market. In summary, the expansion of the worldwide HCV testing market is driven by a confluence of elements, such as the increasing incidence of hepatitis C, progress in diagnostic technologies, and a transition towards preventative healthcare.

The correlation between manufacturers and consumers is critical for integrating and guaranteeing the accessibility of state-of-the-art testing solutions into standard healthcare procedures. As technological advancements continue to mold the domain of HCV testing and public consciousness grows, the market appears poised for a bright future. It will be imperative to prioritize endeavors that tackle financial limitations and improve availability to fully harness the capabilities of HCV testing in the realm of international public health.

Supply-side Dynamics

Prominent companies including Bio-Rad Laboratories, Abbott Laboratories, Roche Diagnostics, and Siemens Healthineers dominate the global HCV testing market. Industry frontrunners possess a substantial portion of the market by capitalizing on their sophisticated technologies and expansive distribution networks. HCV testing is primarily implemented in the US, China, Germany, and India, among others. The active promotion of HCV testing by the Centers for Disease Control and Prevention (CDC) in the US is a significant factor in the high utilization of the market.

In China, comprehensive implementation has resulted from the government's concerted endeavor to combat infectious diseases. Significant market penetration has also been observed in Germany and India, owing to the implementation of proactive healthcare policies and the expansion of awareness campaigns. The industry leaders in HCV testing are proactively influencing the terrain using ongoing innovation and strategic alliances. One example of a leading company in the field is Abbott Laboratories, whose ARCHITECT anti-HCV assay is renowned for its exceptionally sensitive and specific outcomes. Molecular diagnostics have been significantly advanced by Roche Diagnostics, which provides PCR-based assays for accurate viral load measurements. Siemens Healthineers is committed to improving accessibility through point-of-care solutions.

Immunoassay technologies developed by Bio-Rad Laboratories are indispensable for routine diagnostics. These entities are not only at the forefront of technological progress but are also engaging in international partnerships with healthcare providers to guarantee the smooth incorporation of their products into various healthcare environments. The competitive environment is marked by a dedication to improving diagnostic capabilities, increasing precision, and broadening market penetration, all of which ultimately contribute to the expansion and effectiveness of HCV testing worldwide.

Market Segmentation

Which is the Dominant Segment in Terms of the Technique?

Immunoassays-based Hepatitis C virus Testing to be the Dominant Testing

In the foreseeable future, the immunoassays-based Hepatitis C virus testing segment is poised to dominate the market, capturing the largest market share. The prevalence of this dominance may be ascribed to the extensive utilization of immunoassay methods, which provide an economical and effective approach to detecting HCV antibodies; thus, they are favored for regular diagnostic objectives.

Concurrently, it is anticipated that the segment specializing in Polymerase Chain Reaction-based (PCR) Hepatitis C Virus Testing will experience the most rapid expansion rate among all HCV testing products. PCR methods, which are widely recognized for their exceptional sensitivity in viral RNA detection, are gaining popularity due to their precision in validating active HCV infections. The increasing need for accurate and dependable diagnostics is anticipated to lead to a significant rise in the utilization of PCR-based testing methods, thereby facilitating their swift market expansion.

Which is the Sought-after Test Type?

HCV Antibody Testing Preferred the Most

It is anticipated that the HCV Antibody Testing sector will maintain its dominant market position for the foreseeable future. The extensive utilization of antibody testing as the principal screening approach for hepatitis C infections has contributed to this development. Due to its cost-effectiveness and efficiency, HCV antibody testing is frequently utilized in initial diagnostic procedures, which has contributed to its market dominance.

Simultaneously, the HCV Viral Load Testing sector is expected to experience the most rapid expansion. As the emphasis on precise and individualized treatment approaches grows, so does the need for viral load testing, an analytical method that measures the quantity of HCV RNA present in the bloodstream. The rapid expansion of this sector is propelled by its pivotal function in overseeing the advancement of diseases, informing choices regarding treatment, and evaluating the efficacy of antiviral interventions.

Who are the Top End Users?

Hospitals Remain at the Forefront

Out of the end user-based market segments, hospitals are anticipated to hold the most significant portion of the HCV testing industry. As centers for a vast array of diagnostic services and primary healthcare providers, hospitals play a pivotal role in the diagnosis and treatment of hepatitis C infections. Hospitals' market dominance in HCV testing can be attributed to the availability of comprehensive healthcare services.

On the contrary, it is anticipated that diagnostic centers will witness the most rapid expansion in the forthcoming years. The expansion of diagnostic centers is being propelled by the rising demand for specialized testing facilities and the growing trend toward specialized diagnostic services. These centers frequently utilize cutting-edge technologies and address the increasing need for accurate and expeditious HCV testing, thereby establishing themselves as significant contenders in the dynamic realm of hepatitis C diagnostic services.

Top Regional Markets

South Asia, and Pacific Benefit from Increasing Government Initiatives Towards Prevention

The Asia Pacific region is anticipated to account for the largest market share of the worldwide HCV testing industry. To begin with, a considerable proportion of the global populace resides in this region, which exhibits a notable prevalence of hepatitis C infections, particularly in specific localities. In addition to rising public consciousness and government initiatives for infectious disease control, the mere magnitude of the population drives the demand for HCV testing.

Furthermore, the Asia Pacific region is currently experiencing a period of accelerated economic growth and advancements in healthcare infrastructure. Increasing disposable incomes and the development of more sophisticated healthcare systems contribute to an expanding capacity to allocate resources toward advanced diagnostic technologies and screening programs. The growing emphasis on preventive healthcare and timely disease identification exacerbates the need for HCV testing services in the area.

Rising Significance of Early Intervention and Diagnostics Elevates Prospects of the Middle East & Africa Region

The global HCV testing market is anticipated to expand at the quickest rate in the Middle East and Africa. A multitude of factors contribute to this exponential growth. To begin with, the area encounters distinctive obstacles to communicable ailments, such as hepatitis C, which demand a heightened emphasis on diagnostic remedies. In certain regions of the area, the prevalence of risk factors such as intravenous drug use and hazardous medical practices emphasizes the need for robust HCV testing mechanisms.

Additionally, the significance of early intervention and diagnosis in preventing the spread of infectious diseases is becoming increasingly apparent. The Middle East and Africa are witnessing a surge in investments by governments and healthcare organizations towards healthcare infrastructure and diagnostic capabilities. This development has created a favorable environment for the swift expansion of the HCV testing market. In addition, the establishment of partnerships among authorities, local stakeholders, and international health organizations is facilitating the execution of comprehensive screening initiatives.

Competitive Intelligence and Business Strategy

Prominent entities in the worldwide HCV testing industry, including Bio-Rad Laboratories, Abbott Laboratories, Roche Diagnostics, and Siemens Healthineers, utilize strategic initiatives to safeguard and augment their market dominance. A pivotal element is their unwavering dedication to perpetual innovation in the realm of diagnostic technologies. These corporations allocate substantial resources toward research and development to introduce state-of-the-art HCV testing solutions that feature improved sensitivity, specificity, and efficiency.

Abbott Laboratories is renowned for its high-performance immunoassay, ARCHITECT anti-HCV, which contributes to the provision of precise and dependable outcomes. Roche Diagnostics is an industry leader in molecular diagnostics, providing HCV viral load measurements via polymerase chain reaction (PCR)--based assays. The establishment of strategic alliances with healthcare providers, government agencies, and international organizations is critical to the market dominance of these businesses. By establishing alliances with healthcare systems around the world, these entities guarantee the extensive integration of their products.

An example of this is Abbott Laboratories, which engages in partnerships with healthcare institutions and professionals to incorporate its testing solutions into standard healthcare procedures. These types of partnerships increase the availability of HCV testing, which aids in the timely identification and management of the virus. Furthermore, these industry leaders utilize marketing and public awareness initiatives to inform the general public and healthcare professionals regarding the critical nature of HCV testing. This phenomenon not only cultivates brand awareness but also invigorates market interest. By actively participating in conferences, seminars, and events about hepatitis C diagnostics, these organizations establish themselves as authorities in the field.

Key Recent Developments

New Partnership

Bio-Rad Laboratories, Inc. and Seegene, Inc. (South Korea) formed a partnership in 2021. The objective of the partnership is to develop and commercialize infectious disease diagnostics in concert.

Market Impact: The collaboration between Seegene, Inc. and Bio-Rad Laboratories, Inc. to develop and market infectious disease diagnostics represents a significant development in the international market. By combining Seegene's molecular diagnostic capabilities with Bio-Rad's proficiency in immunoassay technologies, this partnership is likely to generate novel diagnostic solutions. The combined endeavors of these two frontrunners in the field could potentially result in the development of more all-encompassing and effective methodologies for testing infectious diseases, thereby augmenting the precision and availability of diagnostics worldwide.

(Source: Bio Rad Investor Relations)

Hepatitis C Virus Testing Market Report Scope

Attribute

Details

Forecast Period

2023 to 2030

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa  

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa  

Key Market Segments Covered

  • Technique
  • Test Type
  • End User
  • Region

Key Companies Profiled

  • 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 (F. Hoffman-La Roche Ltd.)
  • STD Rapid Test Kits

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

Available upon request

Hepatitis C Virus Testing Market Research Segmentation

By Technique:

  • Immunoassays-based Hepatitis C Virus Testing
  • Polymerase Chain Reaction-based (PCR) Hepatitis C Virus Testing
  • Other Hepatitis C Virus Testing Techniques

By Test Type:

  • HCV Antibody Testing
  • HCV Viral Load Testing
  • HCV Genotyping Testing

By End User:

  • Hospitals
  • Diagnostic Centers
  • Blood Donation Centers

By Region:

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • Middle East & Africa

For report customisation and delivery information contact our sales representative.

Companies Covered in This Report

  • 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 (F. Hoffman-La Roche Ltd.)
  • STD Rapid Test Kits

Frequently Asked Questions

The market is anticipated to grow at a CAGR of 5.8% during the projected period.

The hepatitis C virus (HCV) testing market size was valued at US$798.7 million in 2023.

The US held the largest market share in 2023.

Some of the prominent players in the market are OraSure Technologies, Inc., Abbott Laboratories Inc., Siemens Healthcare GmbH, Bio Rad Laboratories Inc., and Ortho Clinical Diagnostic Inc. (Johnson & Johnson).

The diagnostic centers segment is expected to grow at the fastest rate during the forecast period.

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