Global Human Papillomavirus (HPV) Testing Market Appraise to Reach US$ 629.4 MnPosted by harshada on July 20th, 2017 Various healthcare and government insurance providers are offering reimbursement for diagnosis of chronic disorders such as cervical cancer screening. For instance, Medicare – U.S. government-funded health insurance provider, provides reimbursement to people who are of age 65 or older and some younger population with disabilities. Moreover, for cervical cancer diagnosis, such plans cover reimbursement for one pap test every three years or a combination of pap test & HPV testing every five years. Favorable government initiatives as such are expected to drive the demand for Human Papillomavirus (HPV) testing market in the years to come. HPV testing is gradually becoming crucial for cervical cancer screening, according to recent report published by Persistence Market Research. The report estimates that in 2017, the global market for Human Papillomavirus testing will reach an estimated value of US$ 629.4 Mn. Improving reimbursement scenario, coupled with high sensitivity of Human Papillomavirus testing in low resource setting, is expected to drive the market’s growth. By the end of 2025, the global market for Human Papillomavirus testing will have soared at 7.6% CAGR, bringing in more than US$ 1,100 Mn in revenues. Global HPV Testing Market – Key Challenges A key limitation for Human Papillomavirus testing is that these tests are confined to women as men undergoing HPV testing have higher risks of getting infected with genital warts. In addition to this, patients are not willing to take Human Papillomavirus tests because of lack of diagnosis options. Over-diagnosis of Human Papillomavirus testing can cause more complications and can even risk the life of patients. Meanwhile, the global revenues from Human Papillomavirus testing are being lowered due to availability of HPV vaccines. Preference to HPV vaccines is directly impeding the revenues arising from Human Papillomavirus testing. High cost of HPV screening test, overburdened healthcare system, low awareness on HPV prevention, and imperfections in organized screening programs are some other challenges impacting the growth of global HPV testing market. A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/11737 The report further profiles key players in the global Human Papillomavirus testing market, which include F. Hoffmann-La Roche Ltd., Agilent Technologies, Inc., Becton, Dickinson and Company, Qiagen N.V., Thermo Fisher Scientific Inc., Abbott Laboratories, Hologic Inc., Cepheid Inc., Seegene Inc., Takara Bio Inc., DaAn Gene Co., Ltd. of Sun Yat-Sen University, Promega Corporation, Greiner Bio-One International GmbH (Greiner Holding AG), Enzo Biochem Inc., Norgen Biotek Corp., DiagCor Bioscience Inc Ltd, Hybribio Limited, Zytovision GmbH, Arbor Vita Corporation, Medical & Biological Laboratories Co., Ltd. and Fujirebio Diagnostics, Inc. Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/human-papillomavirus-testing-market.asp About Us: Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes. Persistence Market Research Pvt. Ltd 305 Broadway 7th Floor, New York City, NY 10007, United States, USA – Canada Toll Free: 800-961-0353 Email: sales@persistencemarketresearch.com media@persistencemarketresearch.com Web:www.persistencemarketresearch.com Like it? Share it! More by this author |