The growing access to fourth-generation testing products has been identified as one of the critical HIV-AIDS testing market trends. Healthcare providers and clinicians are increasingly adopting fourth-generation HIV tests for earlier identification and treatment of HIV. Fourth-generation HIV tests can detect both P24 antigen and HIV antibodies which allow healthcare service providers to detect the presence of HIV infection sooner with greater accuracy than conventional processes. Market vendors are also focusing on improving the specificity of fourth-generation HIV tests. The recommendation by national and international healthcare authorities, such as the US FDA, WHO, and the European Centre for Disease Prevention and Control (ECDC) will further boost the popularity of fourth-generation HIV testing products among healthcare service providers. This will have a positive influence on the growth of the HIV-AIDS testing market throughout the next five years.
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According to our HIV-AIDS testing market forecast report, the government support for HIV research and favorable recommendations on HIV testing will also be a significant factor driving market growth. Governments across the world are focusing on establishing efficient healthcare infrastructure for the timely detection and treatment of HIV infections which will allow them to minimize the spread of the disease. For instance, the US government provides federal funding in the form of direct grants, cooperative agreements, and contracts to support awareness, treatment, and prevention of HIV infection. The European Commission has also made significant investments in HIV research and the development of HIV viral load tests. Favorable recommendations by government authorities have boosted the adoption of routine HIV testing among adults, adolescents, and pregnant women. These factors are expected to fuel the adoption of HIV-AIDS testing products, driving the growth of the market at a CAGR of over 10% during the forecast period.
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