Global HIV/AIDS testing market set to exceed $3.5 billion by 2015

March 3, 2011 - PRLog -- The increased popularity of Rapid HIV test kits and home HIV testing procedures are expected to boost the global HIV/AIDS testing market, which is forecast to exceed US$3.5 billion by 2015. With AIDS continuing to command a high priority in the global healthcare sector, recent developments have seen a decrease in new HIV infections and a reduction in AIDS-related deaths. However, the number of people living with AIDS has continued to steadily rise.

HIV/AIDS infected individuals now have better therapies than ever before, thanks to the advent of novel-disease progression study techniques, such as genotyping and phenotyping. These new methods are revolutionary changes in the field of disease monitoring and management. Due to their ability to produce results in less time, Rapid HIV/AIDS test kits are expected to boost future growth in the HIV/AIDS testing market. Home testing practices are also forecast to increase in popularity, which will allow healthcare providers to identify more numbers of HIV-affected people.

A recently published report, ‘HIV / AIDS Testing: A Global Strategic Business Report', suggests that the US and Europe are the largest markets in terms of revenue generated in the global HIV/AIDS testing industry. Despite this, 90% of the total global HIV population live in developing countries in Africa and Asia. The lack of funds and the need for state of the art equipment is currently hampering the widespread adoption of HIV tests. The Asia-Pacific market represents the fastest growing market for HIV/AIDS testing.

Demand for these tests is driven by a number of factors. These include the need to constantly monitor disease progression, rising instances of disease resistance and increasing numbers of genotyping tests. Europe and the US account for over three-quarters of the global market, which is due partly to the affordability and accessibility of these expensive tests in the region.

Author: Alex De Angelis

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