Strategic Analysis of Global HIV Diagnostics and Monitoring Markets

Frost & Sullivan
February 1, 2005
SKU: MC1080658
License type:
Countries covered: Global

Strategic Analysis of Global HIV Diagnostics and Monitoring Markets

 

Developing Countries yet to Embrace HIV Monitoring Tests

Human immunodeficiency virus (HIV) as an infection is reaching epidemic proportions across the world. Although the global market for HIV diagnostics and monitoring has successfully produced revolutionary testing technologies, they remain largely unavailable in developing countries and regions such as China, India, and Africa that house a staggering 95 percent of all HIV infected individuals. These countries constantly battle enormous poverty, poor healthcare systems, insufficient resources for prevention and care, and the stigma associated with HIV/AIDS. This situation is worsened by the inability of educational campaigns to reach the sections of society that are most affected by HIV. Without the necessary funds to spend on monitoring and studying possible drug resistance, such countries present a huge challenge to physicians that are unable to perform monitoring tests and consequently market participants are not able to generate revenue from these tests.

This report provides a comprehensive analysis of the global HIV diagnostics and monitoring markets, identifying areas with the maximum potential for growth. Detailed revenue forecasts and the worldwide numbers for test units sold help to identify major growth trends in the market.

Increasing Drug Resistance Necessitates HIV Monitoring

HIV monitoring is becoming essential as a growing number of treated patients develop resistance to many of the earlier antiretrovirals available in the market. "Although compounds with efficacy against multi-drug resistant strains or innovative mechanisms of action are in the clinical development phase, an understanding and monitoring of the resistance plays a crucial role in the treatment," remarks the Frost & Sullivan Industry Manager . With the focus firmly on extending and improving the quality of life of AIDS-affected patients, a greater number of genotyping tests are being conducted, particularly in the United States and Europe.

Bulk of Profits Expected from the United States and Europe

The HIV diagnostics and monitoring markets in the United States and Europe account for a majority of the revenues generated. "The United States is expected to continue to be a primary profit center for HIV diagnostic test manufacturers despite its low rate of HIV prevalence because the regional pharmacoeconomics support the cost of the tests and monitoring," says Ajmani. Europe is expected to be equally profitable due to the increasing drug resistance in patients and the better reimbursement rates available. Patients in these markets are able to afford expensive screening and genotyping tests and do not mind paying the high prices to enjoy a better quality of life.



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