Despite the COVID-19 impact, the global Hepatitis B Diagnostic Tests Market grew at a solid year-on-year (YoY) rate, reaching a valuation of roughly US$ 872.5 Million in 2022. With the rising incidence of hepatitis B globally, the total market is expected to grow at a CAGR of 6.4% between 2022 and 2028, achieving a valuation of US$ 1.26 Million by the end of 2028.
Enzyme immunoassay (EIA) will continue to be the most favoured diagnostic test for hepatitis B detection, accounting for 89.9% of the market in 2022. Enzyme immunoassay kits provide several advantages, including shortened test time, a minimal sample size need, and rapid and reliable findings.
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High Prevalence of Hepatitis B in the APEJ Region Boosting Global Market Revenue Growth
The prevalence of hepatitis B is highest in the APEJ region and the disease burden caused by chronic cases of hepatitis B is enormous. APEJ region has more number of chronic hepatitis B patients than any other region in the world and is thus a potential market for hepatitis B test kit manufacturers. As per the data provided by WHO, China accounts for one-third of all chronic hepatitis B infections. In addition, 6.2% of the adult population in the Western Pacific region is infected with hepatitis B.
In the South-East Asia region, an estimated 2% of the general population is infected with hepatitis B. According to Hepatitis Australia, approximately 225,000 people are living with chronic hepatitis B in the country. As per the data provided by WHO, in India, the prevalence of hepatitis B surface antigen is 3%-4.2% with over 40 million hepatitis B carriers. Due to such high prevalence of hepatitis B in the APEJ region, the market for hepatitis B diagnostic tests has a huge potential in the region.
Global Hepatitis B Diagnostic Tests Market: Segmentation and Forecast
The global hepatitis B diagnostic tests market is segmented on the basis of product type, end user and region.
- On the basis of product type, the enzyme immunoassay kits segment was estimated to be valued at nearly US$ 590 Mn in the year 2022 and is likely to reach a valuation of nearly US$ 1,100 Mn in 2028, accounting for a CAGR of 6.2% during the assessment period 2022-2028.
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- On the basis of end user, the hospitals segment was estimated to be valued at nearly US$ 250 Mn in 2022 and is estimated to reach a valuation of nearly US$ 460 Mn in 2028, registering a CAGR of 6.1% during the period of assessment.
- On the basis of region, the APEJ hepatitis B diagnostic tests market was estimated to be valued at nearly US$ 200 Mn in 2022 and is likely to reach a valuation of nearly US$ 380 Mn in 2028, accounting for a CAGR of 7.2% during the period of forecast.
The HBV diagnostic assays typically involves several steps, including medical history, physical examination, blood tests, and imaging studies
Global Hepatitis B Diagnostic Tests Market: Competitive Landscape
- Bio-Rad Laboratories, Inc.
- DiaSorin S.p.A.
- Abbott Laboratories
- Meridian Bioscience
- bioMérieux SA Inc.
- Vista Diagnostics International
- Biogate Laboratories Ltd.
- J.Mitra & Co. Ltd.
- Siemens Medical Solutions USA, Inc.
- General Biologicals Corporation
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Hepatitis B Diagnostic Tests Market By Category
Product Type:
- Enzyme Immunoassay Kits
- Hepatitis B Surface Antigen Test
- Anti-Hepatitis B Surface Antibody Test
- Anti-Hepatitis B Core Antibody Test
- Point-of-Care Testing Kits
- Strips
- Cassettes/Cards
End User:
- Hospitals
- Clinics
- Diagnostic Centres
- Home Care
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