From GlobeNewswire: 2025-05-10 02:10:00

The HIV Diagnostics Market is projected to grow from USD 1.15 billion in 2023 to USD 1.80 billion by 2032, with a CAGR of 5.10%. The U.S. market is expected to reach USD 0.27 billion by 2032, reflecting a 3.36% CAGR. Major players include Alere Inc., Abbott, and Gilead Sciences, among others.

Consumables led the HIV diagnostics market in 2023 with a 45.5% market share, while laboratory-based testing accounted for 90.9% of the market. Antibody tests dominated the test type category with a 53.6% share, and diagnostic labs generated 50.4% of market revenue in the end-use segment.

Recent developments in HIV diagnostics include a Framework Agreement between Egypt and the Global Fund to strengthen health systems, WHO prequalification for Cepheid’s Xpert HIV-1 Qual XC test, and the launch of Abbott’s ARCHITECT HIV Ag/Ab Combo test for rapid and reliable HIV detection. Mylan launches generic HIV self-testing kit for accurate at-home diagnosis, part of global effort to improve HIV diagnostics. Roche introduces automated system for faster, more efficient HIV testing. North America leads HIV diagnostics market in 2023 with advanced solutions, while Asia Pacific sees highest growth potential due to increasing awareness and adoption of advanced diagnostics. Global incidence of new HIV cases in 2023 was 1.5 million, with Sub-Saharan Africa having the most infections. North America and Europe dominate HIV diagnostics device volume, with Asia Pacific expected to show highest growth. 60% of global HIV testing efforts in 2023 were government-funded. 1. The stock market reached new highs today, with the S&P 500 closing at a record 4,500 points. This surge comes as investors remain optimistic about the economy’s recovery from the pandemic, despite concerns about rising inflation.

2. In other news, a new study found that 75% of Americans have received at least one dose of the COVID-19 vaccine. This milestone marks a significant achievement in the country’s efforts to combat the spread of the virus and achieve herd immunity.

3. The latest unemployment report shows that jobless claims have fallen to their lowest level since the start of the pandemic. This decrease is a positive sign for the labor market as businesses continue to ramp up hiring in response to increasing consumer demand.

4. On the international front, tensions are escalating between Russia and Ukraine as Russian troops continue to amass near the Ukrainian border. The United States and its allies have expressed concerns over a potential invasion and have called for a diplomatic resolution to the crisis.



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