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4% Over the
Forecast Period, Due to Increasing Incidence of Hepatitis C Disease.
Analyst Speak:
“The Hepatitis C Virus Testing Market is anticipated to reach about US$ 1,276.1 Mn by 2025, and the
market is anticipated to expand at prominent growth rate over seven years of forecast period 2019-2025”
owing to increasing prevalence of Hepatitis C disease.
Precision Business Insights (PBI) in its report titled “Hepatitis C Virus Testing Market: Market
Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025”
assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses
the market value forecast and provides the strategic insights into the market driving factors, challenges that
are hindering the market revenue growth over forecast period.
The Hepatitis C virus testing market size was accounted for US$ XX Mn in 2018 and anticipated to account
for US$ 1,276.1 Mn by 2025. Key driver of the global Hepatitis C virus testing market is increasing
prevalence of Hepatitis C disease in various countries around the world. For instance, according to World
Health Organization 2019, approximately 71 Mn people are living with chronic Hepatitis C virus infection
and approximately 400,000 people died from Hepatitis C in 2016. In addition, government initiative
regarding awareness of Hepatitis C diagnosis, rise in R&D for the development of innovative diagnostic
tests, surge in blood donations, and increase bin healthcare expenditure are anticipated to boost the growth
of global Hepatitis C virus testing market. However, lack of awareness about the Hepatitis C in
underdeveloped countries and poor reimbursement policies may hamper the growth of global Hepatitis C
virus testing market.
Hepatitis C virus testing market segmented on the basis of test type, product type, technique, end user, and
region.
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