- Low turnaround time and ease-of-use boost use of rapid hepatitis assays in laboratories and point-of-care settings
LONDON, March 13, 2013 /PRNewswire/ -- In recent years, the prevalence of hepatitis C has increased among high risk sub-group populations, including immigrants from areas where the disease is endemic, injecting drug users (IDUs) and patients co-infected with HIV.
"Overall, the incidence of hepatitis C among IDUs in Europe is estimated to be 96%", notes Frost & Sullivan Senior Research Analyst K. Srinivas Sashidhar. "One third of people living with HIV/AIDS in Europe are thought to be co-infected with hepatitis C. This expanding population will boost the demand for hepatitis C testing, driving market growth."
In contrast, the incidence rates of hepatitis B have fallen as most European countries have adopted universal vaccination programmes for the disease.
New analysis from Frost & Sullivan (http://www.lifesciences.frost.com), Analysis of the European Hepatitis B and C Diagnostics Market, estimates revenues of the hepatitis B diagnostics to grow from $165.9 million in 2012 to $260.2 million in 2019 and hepatitis C diagnostics market to grow from $3,140.8 million in 2012 to $4,940.9 million in 2019, respectively. The research covers key trends in hepatitis B and hepatitis C diagnostics and their segments – nucleic acid testing (NAT) diagnostics and immunodiagnostics.
The low turnaround time and ease-of-use of rapid hepatitis assays in laboratories and point-of-care settings are also boosting market prospects.
"Rapid tests are compatible and easy to use as they do not require expensive instrumentation or testing by skilled personnel," explains Sashidhar. "They produce results within one hour, exhibit more than 99% specificity and sensitivity ranges from 86–99%."
However, the high costs incurred by laboratories in the routine performance of NAT diagnostics are affecting market revenues. While NAT diagnostics is considered to be effective, the need for sufficient skilled labour, expensive equipment and reagents and availability of fresh plasma/serum samples is likely to push laboratories to use serological immunoassays instead.
"Therefore, restructuring NAT marketing strategies to make them affordable for routine testing, along with continuous promotion of hepatitis screening programmes, is critical," advises Sashidhar. "Another important requirement is to target high risk populations and develop effective diagnostics that clearly distinguish between acute and chronic hepatitis cases."
If you are interested in more information on this research, please send an email to Anna Zanchi, Corporate Communications, at email@example.com
Analysis of the European Hepatitis B and C Diagnostics Market is part of the Life Sciences Growth Partnership Service programme. Frost & Sullivan's related research services include: European HIV/AIDS and Hepatitis B/C Molecular Diagnostics Market, Western European In Vitro Diagnostics (IVD) Market, CEE IVD Market, and European Point of Care Testing Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
SOURCE Frost & Sullivan