Dearth of Safe Drinking Water and Poor Sanitation to Bode Well for Growth of Hepatitis E Diagnostic Tests Market
Hepatitis E diagnostic tests market is fuelled by the increasing occurrence of hepatitis E in numerous economies globally. The global hepatitis E diagnostic tests market stood at US$43.7 mn in 2015 and is poised to touch US$60.4 mn by 2024, rising at a 3.80% CAGR between 2016 and 2024.
Transparency Market Research (TMR), a market intelligence company, throws light on the main test types and end users in the market for hepatitis E diagnostic tests. The dynamics impacting the development of the market have also been presented through this study.
Get Research Report:
Q. Which test types will fuel the growth of the global hepatitis E diagnostic tests market?
Amongst the key test types, ELISA HEV IgM test kits are experiencing a huge demand in the market as compared to other test kits owing to them being extensively utilized in primary tests to carry on diagnosis of hepatitis E infections. In addition, due to the increasing occurrence of hepatitis E globally, researchers predicted that the demand for ELISA HEV IgM test kits to consistently rise exponentially in the coming years.
On the other hand, the segment of RT-PCR test kits is predicted to trail the segment of ELISA HEV IgM test kits during the forecast period. This is owing to the fact that RT-PCR test kits have also emerged as direct tests in order to diagnose hepatitis E’s acute infections. The segment of ELISA HEV IgG test kits is poised to experience a moderate progression in forthcoming years.
Q. What factors are providing impetus to the development of the hepatitis E diagnostic tests market?
The dearth of sanitation and the rising scarcity of potable water will raise the count of patients having hepatitis E in the coming years. This, in return, will give rise to the requirement for hepatitis E diagnostic test in forthcoming years. On the other hand, this market may experience serious hurdles in the coming years owing to the growing occurrence of asymptomatic diseases, which can be difficult to diagnose. In addition, the absence of awareness amongst consumers is also poised to come up as a prime factor impeding the development of the market in forthcoming years.
Which factors will drive the growth of the market in Asia Pacific?
Geographically, the Asia Pacific hepatitis E diagnostic tests market held a key share of over 42% in 2015 and is predicted to maintain its superiority in forthcoming years. This is due to the fact that numerous countries such as Nepal, India, Pakistan, Bhutan, Bangladesh, Vietnam, Thailand, Burma, and Kazakhstan experience hyperendemicity of hepatitis E, which results in an increased requirement for hepatitis E diagnostic tests, hence boosting the development of the market in Asia Pacific.
On the other hand, the Middle East and Africa will also experience growth in the hepatitis E diagnostic tests market in forthcoming years. This is due to the increasing occurrence of hepatitis E in numerous nations such as Nigeria, Morocco, Kenya, and Uganda owing to dearth of safe drinking water and poor sanitation.