Top players operating in the HIV diagnostics test Market
The HIV diagnostics test market is driven by several factors, including the high prevalence of HIV, increasing awareness about the disease, and the need for early and accurate diagnosis. In addition, advancements in technology, such as the development of point-of-care (POC) tests and home-based testing kits, are expected to further boost the demand for HIV diagnostics tests. However, the market faces challenges such as lack of access to testing in certain regions, stigma associated with HIV, and high cost of testing. Government initiatives, such as HIV screening programs and funding for research and development, are expected to drive the growth of the market. Overall, the market is expected to continue growing due to the increasing demand for early and accurate diagnosis of HIV.
The global HIV Diagnostics Test Market is estimated to be valued at US$ 4,263.62 million in 2022 and expected to reach US$ 8,487.17 million by 2030, witnessing a CAGR of 9.0% over the forecast period (2022-2030).
Market Leaders in the HIV Diagnostics Test Industry:
1. Abbott
Founded in 1888, Abbott is an American multinational healthcare company that develops and manufactures pharmaceuticals, medical devices, diagnostics, and nutritional products. Its headquarters are located in Abbott Park, Illinois, USA. Abbott operates in over 160 countries worldwide. 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. Bio-Rad Laboratories, Inc.
Founded in 1952, Bio-Rad Laboratories is an American multinational manufacturer and distributor of life science research and clinical diagnostic products. Its headquarters are located in Hercules, California, USA. Bio-Rad Laboratories operates in over 100 countries worldwide. In August, 2022 Bio-Rad Laboratories, Inc. a global leader in life science research and clinical diagnostic products, announced today that it has reached an agreement to acquire all of the outstanding shares of Curiosity Diagnostics, Sp. Z. o. o. from Scope Fluidics, S.A. a Warsaw, Poland, based developer of innovative technology solutions for the medical diagnostic and healthcare markets, for a total consideration of up to $170 million, consisting of approximately $100 million in cash, and up to $70 million in future milestone payments.
3. Hologic, Inc.
Founded in 1985, Hologic is an American medical technology company that develops and manufactures diagnostic products, medical imaging systems, and surgical products. Its headquarters are located in Marlborough, Massachusetts, USA. Hologic operates in over 50 countries worldwide. In September 20, 2021, Hologic announced that its Aptima HIV-1 Quant Dx assay received FDA approval for the diagnosis and monitoring of HIV-1 infections.
4. Siemens Healthineers
Founded in 1847, Siemens Healthineers is a German multinational medical technology company that develops and manufactures medical devices, diagnostic imaging equipment, and laboratory diagnostics products. Its headquarters are located in Erlangen, Germany. Siemens Healthineers operates in over 70 countries worldwide. In February, 2023, Siemens Healthineers signed a global OEM agreement on hemostasis products with Sysmex Corporation under which each company will supply the other with their products in the diagnostic field of hemostasis on an OEM basis.
5. Roche AG
Founded in 1896, Roche is a Swiss multinational healthcare company that develops and manufactures pharmaceuticals and diagnostics products. Its headquarters are located in Basel, Switzerland. Roche operates in over 100 countries worldwide. In July 2021, Roche announced that its Elecsys® HIV Duo assay received CE Mark approval in Europe for the detection of both HIV-1 and HIV-2 antibodies and the p24 antigen.
6. Beckman Coulter Inc.
Founded in 1935, Beckman Coulter is an American company that develops and manufactures biomedical testing instruments and diagnostic products. Its headquarters are located in Brea, California, USA. Beckman Coulter operates in over 130 countries worldwide.
7. OraSure Technologies, Inc.
Founded in 2000, OraSure Technologies is an American company that develops and manufactures medical diagnostic products, including oral fluid diagnostic tests and specimen collection devices. Its headquarters are located in Bethlehem, Pennsylvania, USA. OraSure Technologies operates in over 100 countries worldwide.
8. Becton, Dickinson and Company
Founded in 1897, Becton, Dickinson and Company (BD) is an American medical technology company that develops and manufactures medical devices and diagnostic products. Its headquarters are located in Franklin Lakes, New Jersey, USA. BD operates in over 190 countries worldwide.
9. Merck KGaA
Founded in 1668, Merck is a German multinational pharmaceutical and life sciences company that develops and manufactures pharmaceuticals, biopharmaceuticals, and life science research products. Its headquarters are located in Darmstadt, Germany. Merck operates in over 70 countries worldwide.
10. Chembio Diagnostic Systems, Inc.
Founded in 1985, Chembio Diagnostic Systems is an American company that develops and manufactures rapid diagnostic tests for infectious diseases. Its headquarters are located in Medford, New York, USA. Chembio Diagnostic Systems operates in over 50 countries worldwide.
11. Zyomyx Incorporation
Founded in 1998, Zyomyx is an American biotechnology company that develops and manufactures protein analysis products for research and diagnostic purposes. Its headquarters are located in South San Francisco, California, USA. Zyomyx operates in over 20 countries worldwide.
12. Bristol-Myers Squibb
Founded in 1858, Bristol-Myers Squibb (BMS) is an American multinational pharmaceutical company that develops and manufactures prescription drugs for various therapeutic areas. Its headquarters are located in New York City, New York, USA. BMS operates in over 70 countries worldwide.
13. Janssen Pharmaceutica NV
Founded in 1953, Janssen Pharmaceutica is a Belgian multinational pharmaceutical company that develops and manufactures prescription drugs
*Definition- HIV diagnostics tests are medical tests that detect the presence of the human immunodeficiency virus (HIV) in the blood, saliva, or urine of an individual. These tests are used to diagnose HIV infection and monitor the effectiveness of treatment.
