IMARC Group’s latest report, titled “Hepatitis Diagnostic Tests Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global hepatitis diagnostic tests market size reached US$ 5.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Hepatitis is the inflammation of the liver, which is caused due to heavy alcohol use, some medications, toxins, and certain medical conditions. It is often caused due to viral infection; the most common types are hepatitis A, hepatitis B, and hepatitis C. Hepatitis diagnosis is done through blood testing for each virus. Also, there is a procedure for testing antibodies related to the virus. There is a method of diagnosing the hepatitis type by testing the genetic material or proteins in the body that are parts of the virus.
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Hepatitis Diagnostic Tests Market Growth:
The global market is majorly driven by the increasing prevalence of viral hepatitis and autoimmune diseases. In line with this, the rising consumption of alcohol and the side effect of the medication is significantly contributing to the market growth. Furthermore, the growing research and development activities in the healthcare sector worldwide are positively influencing the market. Apart from this, the escalating risks from a blood transfusion and donation and rapid technological advancements in molecular diagnostics are catalyzing the market. Moreover, the increasing awareness of the advantages of early diagnostics is propelling the market. Besides, the development of affordable and high-quality hepatitis diagnostic tests is favourably impacting the market. Additionally, the growing awareness regarding commercially available advanced products is providing a boost to the market.
Competitive Landscape:
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Key Market Segmentation:
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Key Highlights of the Report:
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