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The U.S. HIV Rapid Test Kits Market to Reach $486 Million by 2028 - Arizton
US-hiv-rapid-test-kits-market
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The U.S. HIV rapid test kits market was valued at USD 434.70 million in 2022 and is projected to reach USD 486.27 million in 2028. The growth of the U.S. HIV rapid test kits market can be attributed to the high acceptance of HIV rapid test kits among people, high awareness of HIV infection, government support, and access to healthcare due to well-established healthcare infrastructure.
Highlights
The rising prevalence of HIV infection in the area drives the demand for HIV rapid test kits. HIV self-testing awareness varies significantly between the U.S. and Canada, with the former much ahead. Government programs and financing to eliminate HIV by 2030 fuel this momentum and increase the distribution of HIV rapid test kits throughout the region.
In 2022, the U.S. accounted for a significant share of 97.32% of the North American HIV rapid test kits market due to higher HIV prevalence, awareness about the HIV status of the population, presence of global players, government support, and funding for HIV management.
Lateral Flow Immunoassay is growing significantly, with the fastest CAGR of 1.98% during the forecast period. Lateral flow immunoassay tests are growing as they provide immediate results. Lateral flow immunoassay tests are among the most common rapid diagnostic tests used in the market, and hundreds of millions of these tests are performed each year.
Market Drivers and Trends
Increase in Targeted Patient Population
In 2021, WHO estimated that around 38.4 million people globally live with HIV. In 2021, approximately 2.0 million people in the U.S. lived with HIV. About 13% of these people were unaware and required testing. In 2019, an estimated 34,800 new HIV infections occurred in the U.S., according to CDC.
Better Resource Availability & Funding for HIV Management
The UNAIDS Programme Coordination Board and the UNAIDS-associated country's governments, including the U.S. government, promise new investments to end HIV/AIDS globally. The increased resource availability and funding for HIV infection management accelerate the use of HIV care treatments, driving the adoption of HIV rapid test kits in the U.S.
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MARKET SEGMENTATION
• Technology type
• Lateral Flow Immunoassay
• Immuo-filtration
• Sample type
• Blood
• Oral Fluid
• Others
• Distribution Channel type
• Offline
• Online
Vendor Lists
Key Vendors
• Abbott Laboratory
• Bio-Rad Laboratory
• BioMerieux
• ChemBio Diagnostics
Other Prominent Vendors
• OraSure Technologies
• bioLytical Laboratories
• Biosynex
• DIALAB
• HUMAN Diagnostics World
• INTEC
• Meril Life Sciences
• MP Biomedicals
• Medsource Ozone Biomedicals
• Premier Medical
• SD Biosensor
• Türklab A.S.
• Trinity Biotech
About Focused Reports by Arizton
Welcome to Focused Reports, an esteemed Arizton Advisory & Intelligence subsidiary committed to delivering precise and insightful market research reports across all key geographies. Our unique selling proposition lies in our affordable pricing, accurate data, in-depth research, and presentation-ready reports. With us, expensive market research is a thing of the past. We aim to be strategic, providing valuable data. Focus Reports is where folks come to name their ideas, create a compelling brand and a great-looking website, and attract customers with digital and social marketing
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