Global HIV diagnosis market to be valued at $5.31b by 2030

However, high costs and complex testing procedures may limit growth.

The global human immunodeficiency virus (HIV) diagnosis market is projected to reach $5.31b by 2030 at a compound annual growth rate of 10.3%, said MarketsandMarkets.

The sector’s expansion is attributed to the increasing prevalence of the condition, the rising number of blood transfusions and donations, and the growing focus on awareness initiatives.

“Innovations in testing technologies, such as rapid tests and self-testing kits, along with improved accuracy and ease of use, are enhancing patient compliance and encouraging wider adoption,” the report said.

However, the high cost of diagnostic tests and complex testing procedures may limit the market’s growth.