The HIV diagnostics market is driven by the increasing prevalence of HIV/AIDS globally, growing awareness about early diagnosis and treatment, and the availability of advanced diagnostic technologies. The market is also influenced by factors such as government initiatives to curb the spread of HIV/AIDS, funding for HIV testing programs, and the development of point-of-care testing devices. However, the market growth is restrained by factors such as the high cost of HIV testing, limited access to testing facilities in remote areas, and the social stigma associated with HIV/AIDS. The emergence of new technologies such as nucleic acid testing and the growing demand for home testing kits present opportunities for market growth in the future.
The Asia Pacific HIV Diagnostics Market is estimated to be valued at US$ 522.5 million in 2022 and is expected to exhibit a CAGR of 12.4% during the forecast period (2022-2030).
Key Players in the Asia Pacific HIV Diagnostics Industry:
1. Abbott Laboratories
Abbott Laboratories is an American multinational healthcare company founded in 1888 in Chicago, Illinois. The company is headquartered in Lake Bluff, Illinois, and operates in more than 160 countries worldwide. Abbott Laboratories focuses on developing and manufacturing medical devices, diagnostics, and pharmaceuticals. The company's diverse portfolio includes products for diabetes care, molecular diagnostics, nutrition, and cardiovascular disease. In February, 2023 Abbott and Cardiovascular Systems, Inc. (CSI), announced a definitive agreement for Abbott to acquire CSI, a medical device company with an innovative atherectomy system used in treating peripheral and coronary artery disease.
2. Merck KGaA
Merck KGaA, also known as Merck Group, is a German multinational pharmaceutical, chemical, and Life Sciences Company founded in 1668. The company is headquartered in Darmstadt, Germany, and operates in over 60 countries globally. Merck KGaA's business areas include healthcare, life science, and performance materials. The company's products include prescription drugs, laboratory equipment, and chemicals for the pharmaceutical and biotechnology industries.
3. F. Hoffmann-La Roche AG
F. Hoffmann-La Roche AG, commonly known as Roche, is a Swiss multinational healthcare company founded in 1896 in Basel, Switzerland. The company's headquarters is also located in Basel, and it operates in over 100 countries worldwide. Roche is primarily focused on pharmaceuticals and diagnostics, with a strong emphasis on oncology and immunology. The company also has a significant presence in neuroscience, infectious diseases, and ophthalmology.
4. Atomo Diagnostics
Atomo Diagnostics is an Australian medical device company founded in 2010 in Sydney, Australia. The company's headquarters is located in North Sydney, and it operates in multiple countries, including Australia, the United Kingdom, and South Africa. Atomo Diagnostics specializes in developing and manufacturing rapid diagnostic tests for infectious diseases, including HIV, COVID-19, and malaria. The company's products are designed to be easy to use, highly accurate, and convenient.
5. Siemens Healthineers, Inc.
Siemens Healthineers, Inc. is a German multinational medical technology company founded in 2018 as a spin-off from Siemens AG. The company is headquartered in Erlangen, Germany, and operates in more than 70 countries worldwide. Siemens Healthineers focuses on developing and manufacturing medical imaging, laboratory diagnostics, and point-of-care testing equipment. The company's products are used in hospitals, clinics, and medical research facilities. In March, 2023 Siemens Healthineers and Sysmex establish global agreement to supply hemostasis instruments, reagents as OEMs
6. bioLytical Laboratories Inc.
bioLytical Laboratories Inc. is a Canadian biotechnology company founded in 2002 in Richmond, British Columbia. The company's headquarters is located in Richmond, and it operates in over 60 countries worldwide. bioLytical Laboratories specializes in developing and manufacturing rapid diagnostic tests for infectious diseases, including HIV and COVID-19. The company's flagship product is the INSTI® HIV Rapid Antibody Test, which is highly accurate, easy to use, and delivers results in under one minute. In November, 2022 Health Canada Approves Canada’s First HIV Self-Test.
7. MedMira Inc.
MedMira Inc. is a Canadian biotechnology company founded in 1993 in Halifax, Nova Scotia. The company's headquarters is located in Halifax, and it operates in multiple countries, including Canada, the United States, and China. MedMira specializes in developing and manufacturing rapid diagnostic tests for infectious diseases, including HIV and COVID-19. The company's products are designed to be highly accurate, easy to use, and portable.
8. Becton, Dickinson and Company
Becton, Dickinson and Company, commonly known as BD, is an American multinational medical technology company founded in 1897 in Franklin Lakes, New Jersey. The company's headquarters is also located in Franklin Lakes, and it operates in over 190 countries worldwide. BD focuses on developing and manufacturing medical devices, laboratory equipment, and diagnostic products. The company's products are used in hospitals, clinics, and medical research facilities. In March, 2023 BD (Becton, Dickinson and Company) a leading global medical technology company, announced that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for the BD Vaginal Panel on the BD COR™ System, a comprehensive diagnostic test that directly detects the three most common infectious causes of vaginitis using BD's high-throughput molecular diagnostic platform for large laboratories. In March 2021, the company announced the launch of its Progel Pleural Air Leak Sealant, which is used in thoracic surgery, including hernia repair surgeries.
9. Bio-Rad Laboratories, Inc.
Bio-Rad Laboratories, Inc. is an American multinational life sciences company founded in 1952 in Berkeley, California. The company's headquarters is located in Hercules, California, and it operates in over 100 countries worldwide. Bio-Rad specializes in developing and manufacturing products for the life science research.
10. Danaher
Danaher was founded in 1969 and is headquartered in Washington, D.C. It operates in over 60 countries and is a leading provider of science and technology solutions in various industries, including life sciences, diagnostics, and environmental and applied solutions. In November, 2022 Danaher Corporation a global science and technology innovator, today announced that it has entered a strategic partnership with Duke University to form its first Danaher Beacon for Gene Therapy Innovation.
*Definition- HIV diagnostics refer to the process of identifying the presence of the human immunodeficiency virus (HIV) in an individual's blood or bodily fluids through various laboratory tests, including antibody tests, antigen tests, and nucleic acid tests.
