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Hepatitis C is a liver disease caused by the hepatitis C virus. There are mainly three types of hepatitis found namely hepatitis A, B, and C. Each is caused by different viruses. Hepatitis C is caused by the hepatitis C virus (HCV) which is commonly prevalent over the other 2 forms of hepatitis. Hepatitis C is transmitted through direct contact with infected body fluids, majorly through injection, drugs use and sexual contact. Recently, in 2013, OraSure Technologies, Inc., launched OraQuick HCV antibody mouth swab test, which produces results in 20 minutes.
Rising prevalence of liver cancer, improving diagnosis rates for hepatitis C virus in emerging countries, and increasing number of government programs spreading awareness regarding hepatitis C testing are some of the major factors driving the growth of the global hepatitis C testing market. Hepatitis C test has been made mandatory for the organ donation, this is a major driver for the global hepatitis C testing market.
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Inadequate insurance and reimbursement policies for hepatitis C testing market and lack of awareness about the rapid hepatitis C testing in developing countries are some of the factors restraining the growth of the global hepatitis C testing market during the forecast period of 2019-2026.
Some of the major companies that are present in the global Hepatitis C Testing market are OraSure Technologies, Inc., Abbott, Siemens Healthcare Private Limited, Bio-Rad Laboratories, Inc., Bayer AG, QIAGEN, Thermo Fisher Scientific Inc., BioGenex, AccuQuick, and others.
· Polymerase Chain Reaction (PCR)
· Antibody Test
· Genotype Tests
· Viral Load Test
By End User
· Hospital-based Laboratories
· Stand-alone Laboratories
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
In 2018, Hepatitis C antibody test accounted for the highest share of the test segment in the global hepatitis C testing market due to increased demand and better clinical efficiency. The segment is projected to continue its dominance in the market share during the forecast period.
Pricing Analysis by Key Regions
Reimbursement Scenario for Key Countries
Recent industry developments such as partnerships, mergers, and acquisitions
The global hepatitis C testing market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America followed by Europe are the two largest markets for Hepatitis C testing in 2018. North America accounted for the largest share of the global hepatitis C testing market in 2018, owing to the increasing prevalence of hepatitis C. Asia-Pacific and Latin America are anticipated to grow at a comparatively higher CAGR during the forecast period, owing to the growing awareness of advanced products for hepatitis C testing in emerging countries, the increasing patient population suffering from hepatitis C.