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Targeted Efforts in Preventing Spread of Disease to Drive Growth of Global Hepatitis E Diagnostic Tests Market to US$60.4 Mn Valuation by 2024 End

The competitive landscape of the global hepatitis E diagnostic tests market features intense competition. The key players operating in the global market are putting in efforts to continue their stronghold and are also devising aggressive growth strategies to remain dominant in the coming years of the forecast period. A considerable share of the global hepatitis E diagnostic tests market is being held by the Beijing Wantai Biological Pharmacy in the year 2015. The company is projected to stay a dominant and prominent player in the global market over the course of the given forecast period ranging from 2016 to 2024.

The companies operating in the global hepatitis E diagnostic tests market are expected to resort to aggressive growth strategies such as mergers, strategic alliances, acquisitions, and partnerships in order to stay ahead of the competitive curve. In addition to this, regional as well as local companies are expected to focus on bolstering their strengths in respective regions. Apart from this, pricing wars and strategies are expected to become key elements in deciding the growth curves of the players operating in the global hepatitis E diagnostic tests market.

Transparency Market Research has now come up with a new research report that offers a considerable information about the overall working dynamics of the global hepatitis E diagnostic tests market. The report offers key and actionable insights on the key driving factors, restraining elements, prominent segments, and geographical outlook of the global market. As per the research report, the global hepatitis E diagnostic tests market is expected to showcase a moderate CAGR of 3.80% over the course of the given period of forecast ranging from 2016 to 2024. Initially, the global market was valued at US$43.7 Mn in the year 2015. Given the rate of growth, the valuation of the global market is expected to reach up to US$60.4 Mn by the fall of 2024. In terms of type of tests, the segment of ELISA HEV IgM has emerged to be the most popular one for the diagnosis of Hepatitis E. 

hepatitis e diagnostic tests market

Increasing Prevalence of Disease to Drive Market Growth

Just a few years back, a huge number of developing as well as under-developed nations were facing severe lack of vaccinations, medicines, treatment methods, and medical tests. However, with technological evolution coupled with targeted WHO efforts and other regional and international healthcare bodies, this problem has been brought under considerable check. This growth in medical awareness is one of the key factors that has helped in driving the growth of the global hepatitis E diagnostic tests market in recent years. In addition to this, increasing prevalence of the disease itself across several nations such as Morocco, Nigeria, Kenya, and Uganda among other parts of the globe is another important factor that has helped in the overall development of the global market.

There are however, some factors that might impede the growth of the global market in the coming years of the forecast period. One of the key restraining factor for the market development has been increasing incidences of asymptomatic diseases that are hard to diagnose.

Asia Pacific to Emerge as Strong Regional Segment

In terms of regional segmentation, the global hepatitis E diagnostic tests market is segmented into five key regions namely North America, Middle East and Africa, Asia Pacific, Europe, and Latin America. Of this, the regional segment of Asia Pacific is projected to show a highly promising rate of growth in the coming years of the forecast period. With increasing demand from countries such as India, Bangladesh, Pakistan, Vietnam and others, the market is projected to witness lucrative growth opportunities in the near future. 

The review is based on TMR’s report titled, “Hepatitis E Diagnostic Tests Market (Test Type - ELISA HEV IgM Test kits, ELISA HEV IgG Test Kits, and RT-PCR Test Kits; End User - Hospitals, Diagnostic Laboratories, Research Centers, and Point of Care) - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2016 – 2024”

The Hepatitis E Diagnostic Tests Market has been segmented as follows:

 By Test Type

  • ELISA HEV IgM Test kits
  • ELISA HEV IgG Test kits
  • RT-PCR Test kits
  • Others 

By End User

  • Hospitals
  • Research Centers
  • Diagnostic Laboratories
  • Point of Care 

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Spain
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • E.
    • South Africa
    • Rest of Middle East and Africa

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