Global HPV Testing And Pap Test Market Opportunities And Strategies 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s HPV testing and pap test market report forecasts the HPV testing and pap test market size to grow to XX Billion by 2027, with a CAGR (compound annual growth rate) of almost 11%.
Learn More On The HPV Testing And Pap Test Market Report 2023 – https://www.thebusinessresearchcompany.com/report/hpv-testing-and-pap-test-global-market-report
HPV Testing And Pap Test Market Size Forecast
The global HPV testing and pap test market is expected to grow from $3.70 billion in 2022 to $4.08 billion in 2023 at a compound annual growth rate (CAGR) of 10.14%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global HPV testing and Pap tests market size is expected to reach $6.18 billion in 2027 at a CAGR of 10.94%.
North America held the largest HPV testing and pap test market share, and Asia-Pacific was the fastest-growing region in 2022.
Key HPV Testing And Pap Test Market Driver – Increase In The Prevalence Of Cervical Cancer
According to the American Cancer Society, a US-based volunteer health organisation dedicated to cancer eradication, updated estimates of cervical cancer in the US in January 2023 will account for around 13,960 cases. Cervical cancer is projected to be responsible for 4,310 fatalities. As a result, the growing prevalence of cervical cancer is moving the market for HPV testing and Pap tests forward.
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Key HPV Testing And Pap Test Market Trend – Product Innovation
To maintain their market position, major market players are introducing novel items. For example, Yemaachi Biotechnology, a Ghana-based biotechnology firm, developed the new Sheba HPV Test in January 2022, an effective home sampling kit for the diagnosis of human papillomavirus. The Sheba HPV Test use polymerase chain reaction (PCR) technology to identify women at high risk of cervical cancer.
HPV Testing And Pap Test Market Segment
1) By Test Type: HPV Testing, Pap Test
2) By Product: Instruments, Consumables, Services
3) By Technology: Polymerase Chain Reaction (PCR), Immunodiagnostics, Other Technologies
4) By Application: Cervical Cancer Screening, Vaginal Cancer Screening
5) By End User: Hospitals And Clinics, Laboratories, Other End Users
HPV Testing And Pap Test Market Major Players and Strategies
Major players in the HPV testing and pap test market are Abbott Laboratories, Qiagen N.V., Becton, Dickinson and Company, Quest Diagnostics Inc., Hologic Inc., F. Hoffmann-La Roche Ltd., Femasys Inc., Arbor Vita Corporation, NURX Inc., Seegene Inc., Thermo Fisher Scientific Inc., BioMérieux SA, Onco Health Corporation, Takara Bio Inc., TruScreen Group Limited, Danaher Corporation (Cepheid), Mylab Discovery Solutions Pvt. Ltd, and Fujirebio Diagnostics Inc.
QIAGEN NV, a diagnostics business located in the Netherlands, paid $248 million acquiring an 80.1% share in NeuMoDx Molecular, Inc. in September 2020. By incorporating NeuMoDx’s solutions into QIAGEN’s portfolio and increasing its value proposition, QIAGEN strengthened its market position in the automated molecular testing products range. NeuMoDx Molecular Inc. is a company based in the United States that designs and develops molecular diagnostics solutions for HPV testing and other tests.
The HPV Testing And Pap Test Global Market Report 2023 covers regional data on HPV testing and pap test market size, HPV testing and pap test market trends and drivers, opportunities, strategies, and HPV testing and pap test market competitor analysis. The countries covered in the HPV testing and pap test market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
HPV testing and Pap tests are screening tests for cervical cancer in women. These tests look for early indicators of aberrant alterations that could develop to cancer.
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