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Germany Hepatitis C Testing Market Size to Reach USD 121.4 Million at 6.1% by 2027; Rising Government Initiatives to Prevent HCV will Favor Growth: Fortune Business Insights™

Pune, India, Feb. 22, 2021 (GLOBE NEWSWIRE) -- The Germany hepatitis C testing market is set to gain traction from the rising initiatives taken by the government of this country to eliminate the occurrences of the disease. In August 2020, BMJ Open, for instance, published that Germany is likely to showcase a surge of 70% in the hepatitis C diagnosis rates by 2030. This information is given by Fortune Business Insights™ in a new study, titled, “Germany Hepatitis C Testing Market, 2020-2027.” The study further mentions that the market size is projected to grow from USD 80.1 million in 2020 to USD 121.4 million in 2027 at a CAGR of 6.1% in the 2020-2027 period. It stood at USD 106.8 million in 2019.

Increasing Usage of Resources in COVID-19 Testing to Affect Growth Severely

The COVID-19 pandemic is anticipated to severely impact the market for Germany hepatitis C testing because of stringent nationwide lockdown implemented by the government of this country. Also, the increasing usage of resources required for hepatitis C testing was extensively utilized for managing the transmission of coronavirus. We are offering unique research reports to help you come out of this grave situation by adopting numerous strategies.

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Report Coverage-

The market for Germany hepatitis C testing comprises regulatory raw material suppliers, firms, and processors present in the supply network. Our analysts have used both primary and secondary research methods to obtain quantitative and qualitative data about the demand and supply sides. They have also analyzed competitive developments, such as agreements, new product launches, partnerships, joint ventures, and mergers & acquisitions. Lastly, the report includes profiles of the renowned players and the strategies adopted by them to compete with rivals.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

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Rising Number of Drug Abusers in Germany to Accelerate Growth

The surging prevalence of hepatitis C among the masses in Germany is set to contribute to growth. Besides, the rising influx of migrants in the country is also another factor that would augment the Germany hepatitis C testing market growth in the upcoming years. Coupled with this, the rising number of drug abusers would spur the demand for hepatitis C testing kits in Germany. However, the absence of a nationwide testing program may hinder growth.

Screening of General Population for HVC Antibodies to Boost HCV Serologic Tests Segment

By application, the market is segregated into PCR and ELISA. Based on the end-user, it is fragmented into diagnostics labs, hospitals, and others. Based on test types, it is trifurcated into HCV genotype tests, HCV RNA tests, and HCV serologic tests (HCV Ab). Amongst these, the HCV serologic tests (HCV Ab) segment is expected to dominate in the forthcoming years by procuring the largest Germany hepatitis C testing market share. The urgent need to screen vulnerable and general population for HCV antibodies is likely to propel the segment, thereby driving the demand for hepatitis C testing in Germany. On the other hand, the HCV RNA tests segment generated 6.1% in terms of share in 2019.

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Competitive Landscape-

Key Players Focus on Expanding Their Presence by Following WHO’s Norms

The market is semi-consolidated with the presence of a handful of emerging and established companies. Most of them are aiming to broaden their presence in the country. To do so, they are striving to meet the WHO’s guidelines for eliminating hepatitis C. Below is one of the latest industry developments:

  • January 2021: The World Health Organization (WHO) published new information about the membership of the Guidelines Development Group (GDG) to develop guidance of hepatitis C self-testing.

A list of all the Germany hepatitis C testing service providers present in the market:

  • Abbott (Abbott Park, U.S.)
  • Roche Diagnostics (Roche Diagnostics GmbH) (F. Hoffmann-La Roche Ltd ) (Basel, Switzerland)
  • Siemens Healthcare GmbH (Erlangen, Germany)
  • Bio-Rad Laboratories, Inc. (Hercules, U.S.)
  • DiaSorin S.p.A. (Saluggia, Italy)
  • Other Prominent Players

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Table of Contents:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Prevalence of hepatitis C in Germany
    • Regulatory and Reimbursement Scenario
    • Key Industry Developments
    • Number of Hepatitis C Tests in Germany
    • Technological Advancements in Testing
    • Impact of COVID-19 Outbreak on the Germany Hepatitis C Testing Market
  • Germany Hepatitis C Testing Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Test Type
      • HCV Serologic Tests (HCV Ab)
      • HCV RNA Tests
      • HCV Genotype Tests
    • Market Analysis, Insights and Forecast – By Technology Type
      • ELISA
      • PCR
    • Market Analysis, Insights and Forecast – By End-user
      • Hospitals
      • Diagnostics Labs
      • Others

Toc Continue…

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  • Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
  • Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
  • Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
  • Number of procedures and average price of procedures
  • Replacement rate and pricing of capital equipment
  • Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
  • Market & technological trends, new product developments, product pipeline.

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