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The global HBsAg testing market size was valued at USD 1.30 billion in 2023. The market is projected to grow from USD 1.37 billion in 2024 to USD 2.16 billion by 2032, exhibiting a CAGR of 5.8% during the forecast period.
HBsAg tests help in diagnosing the hepatitis B virus by assessing the presence of hepatitis B surface antigen. The growing burden of hepatitis B has been fueling the demand for efficient diagnosis.
Moreover, the increasing focus of the government and regulatory bodies in many countries on creating awareness and implementing guidelines for hepatitis B diagnosis in order to reduce the burden of the disease has also been fueling the global HBsAg testing market.
Furthermore, Siemens Healthineers AG, F. Hoffmann-La Roche Ltd., and Abbott are among the major market players focusing on strategic initiatives enhance its offerings with an aim to improve healthcare facilities.
Growing Burden of Hepatitis B Disease Fuels Demand for Effective Diagnosis
The burden of hepatitis B has been growing significantly across the globe, creating a lucrative opportunity for effective hepatitis B testing.
Hepatitis B virus can easily be spread in hospitals through infected blood, semen, or other body fluids. Additionally, poor healthcare infrastructure in emerging countries fuels the prevalence of hepatitis B.
Therefore, the increasing prevalence of hepatitis B has been fueling the demand for effective diagnosis, thereby positively impacting the HBsAg testing market growth.
Focus on Elimination of Hepatitis B Disease Projects Positive Market Growth
The growing prevalence of hepatitis B has also been fueling the mortality rate due to the disease globally. In order to prevent this, many organizations and regulatory bodies are implementing strategies to completely eliminate the disease.
This strategy of the WHO includes vaccinations, diagnosis, medication, and educational campaigns for hepatitis.
The WHO member countries, including the U.S., U.K., India, and others are focused on adhering to this strategy and laying guidelines for prevention, diagnosis, and treatment of the disease. This in turn has been fueling the number of tests being conducted annually.
Moreover, government and regulatory bodies in regions with high prevalence, such as Asia Pacific and the Middle East & Africa, are expanding healthcare infrastructure for better hepatitis B testing. Also, prominent companies in the sector are focused on development and approval of rapid testing methods and point-of-care solutions to improve the accessibility of HBsAg tests among the population globally.
Limitations Associated with the Use of HBsAg Tests and the Presence of Alternatives Restrict Market Growth
The growing prevalence of hepatitis B, rising awareness regarding early diagnosis, and the high efficiency associated with the use of HBsAg tests in giving faster results contribute to market growth. However, there are certain risk factors associated with the administration of these tests which has been limiting their use among the population.
Moreover, these tests can sometimes give false positives post hepatitis B vaccinations. This inaccuracy can also be influenced by various environmental factors such as humidity, temperature, and storage conditions.
Therefore, the limitations mentioned above, along with the presence of alternatives such as anti-HBs, IgM anti-HBc, and others, have been restricting the market growth.
Limited Accessibility to Advanced Diagnostics in Emerging Countries with Low-resource Settings
The growing burden of hepatitis B fuels the demand for effective diagnostics globally. However, Afghanistan, South Africa, Nigeria, and other countries, face challenges in acquiring advanced diagnostics due to underdeveloped healthcare infrastructure, limited availability of trained professionals, and economic constraints.
Moreover, another factor that has been limiting the number of HBsAg tests being conducted in low-income and emerging countries is the social stigma due to Hepatitis B. A huge number of people suffering from hepatitis B avoid getting treatment and diagnosis as they fear that society may discriminate which will further limit their personal and professional opportunities and will also impact their human rights.
Stringent Regulatory Scenario has been Limiting the Approval of Potential Products
Variations in the regulatory guidelines between regions can delay the introduction of innovative diagnostic technologies in certain countries. Moreover, the stringent regulatory scenarios requiring compliance with diverse healthcare standards across regions have also been limiting the approval of potential advanced diagnostics.
Increasing Focus of Market Players and Research Institutes on R&D for New Product Launches to Fuel Market Growth
Market players and research institutes have increased their focus on the development of advanced diagnostics for effective HBsAg diagnosis.
Moreover, market players are working on getting regulatory approval for their products to launch them at their earliest.
The market is anticipated to depict positive growth with market players conducting research studies for new product development, along with the rising number of product approvals.
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Increasing Emphasis of Government and Regulatory Bodies on HBsAg Testing Screening Guidelines and Programs to Reduce the Disease Burden
Globally, the prevalence of hepatitis B has increased significantly. To reduce and control the disease burden, government and regulatory organizations are implementing guidelines to increase the diagnosis rate of hepatitis B.
Moreover, the regulatory bodies of many countries have been conducting screening programs for the early diagnosis of hepatitis B to provide effective treatments for hepatitis B-positive patients.
The increasing emphasis of the regulatory and government bodies on implementing guidelines and conducting screening programs has been fueling the number of HBsAg tests being conducted globally, thereby positively impacting the market growth.
Other Trends:
Growing emphasis on digital health integration for remote HBsAg diagnosis, data sharing, and result interpretation. Individuals can get these tests conducted at the convenience of their home.
During the COVID-19 pandemic in 2020, the market experienced a decline in its market value due to reduced number of HBsAg diagnoses being conducted globally owing to lockdown restrictions and supply chain disruptions.
The market experienced significant growth in 2021 and 2022 due to the increased emphasis of government and regulatory bodies on creating awareness regarding the early diagnosis of hepatitis B and the rise in the number of patients undergoing HBsAg diagnosis.
Increasing Focus of Market Players on New Product Launches is Responsible for Qualitative Segment’s Dominance
On the basis of type, the global market is segmented into qualitative and quantitative.
The qualitative segment accounted for the major HBsAg testing market share in 2023. The segment’s dominance is attributed to the growing burden of hepatitis B. This factor has increased the focus of the market players on the development and launch of technologically advanced products.
The quantitative segment is expected to grow at a substantial CAGR during the forecast period. The segment’s growth is attributed to the growing burden of chronic hepatitis B virus disease and the increasing number of diagnostic laboratories conducting HBsAg testing globally.
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Increasing Focus of Market Players on Expansion of Product Application for HBsAg Testing Fuels Chemiluminescence Immunoassay Segment’s Dominance
Based on technique, the market is segmented into enzyme-linked immunosorbent assay (ELISA), chemiluminescence immunoassay, and chromatographic immunoassay.
The chemiluminescence immunoassay segment dominated the market in 2023 fueled by the increasing initiatives by market players on the expansion of its products’ application for hepatitis B antigen testing.
The enzyme-linked immunosorbent assay (ELISA) segment accounted for the second-largest market share in 2023. Furthermore, the growing burden of hepatitis B globally has been fueling the demand for cost-effective and highly sensitive HBsAg testing.
Increasing Number of Clinical Laboratories Conducting HBsAg tests Drive Laboratory-Based Segment’s Leadership
On the basis of setting, the market is bifurcated into point of care and laboratory-based.
The laboratory-based segment dominated the market in 2023. The segment’s dominance is attributed to the opening of new clinical laboratories for the diagnosis of various diseases, including hepatitis B.
The point of care segment is expected to grow at the fastest CAGR during the forecast period. Many healthcare facilities are adopting point of care testing for rapid detection of hepatitis B surface antigens in serum, plasma, or whole blood.
Blood Sample Type Leads with Government’s Prioritization on Initiating HBsAg Screening Programs through Blood Samples
On the basis of sample type, the market is segmented into blood, plasma, and others.
The blood segment dominated the market in 2023 and is expected to account for the maximum share during the forecast period. The growth of the segment is attributed to the increasing emphasis of government organizations on early diagnosis and prevention of hepatitis B through blood screening programs.
The plasma segment is expected to grow at the second-largest share during the forecast period. The growing initiatives by market players to receive regulatory approvals for the launch of HBsAg testing products have been fueling the segment’s growth.
Clinical Laboratories Gain Dominance with Increasing Number of HBsAg Tests being Conducted at Clinical Laboratories
Based on end-user, the market is segmented into hospitals & clinics, clinical laboratories, and others.
In 2023, the clinical laboratories segment dominated the market fueled by the increasing number of clinical laboratories conducting HBsAg tests.
The hospitals & clinics segment is anticipated to grow at a significant CAGR during the forecast period. The growing burden of hepatitis B virus disease is responsible for increasing the number of HBsAg tests being conducted in these settings.
Based on geography, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America HBsAg Testing Market Size, 2023 (USD Billion)
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North America dominated the market in 2023, accounting for USD 0.51 billion of the global market. The region’s HBsAg testing market is expected to grow throughout the forecast period with strong diagnostic infrastructure and high testing rates in the U.S. and Canada.
Moreover, the strong emphasis of the U.S. government on funding for the prevention and control of hepatitis B adds fuel to the region’s dominance.
Europe accounted for a significant market share in 2023 on the back of increasing emphasis of the government and regulatory bodies on conducting screening programs. Moreover, the region witnesses rising cases of hepatitis B, along with the increasing healthcare expenditure among the aging population.
Asia Pacific is expected to grow at the fastest CAGR during the forecast period. The growing prevalence of hepatitis B in China and India, along with the increasing emphasis of healthcare companies on conducting awareness programs and campaigns to promote hepatitis B testing, supports the region’s market growth.
The market in Latin America and the Middle East & Africa is expected to grow at a substantial growth rate during the forecast period. The market’s growth in the region is attributed to the increasing prevalence of hepatitis B in the regions and the increasing focus of the government and regulatory bodies on implementing guidelines for hepatitis B diagnosis and treatment.
Leading Companies Emphasize on Partnerships and Collaborations to Strengthen their Product Offerings
Market players such as Siemens Healthineers AG, F. Hoffmann-La Roche Ltd., and Abbott are among the major players, accounting for the majority of the global HBsAg testing market value. The significant presence of these companies is attributed to their focus on improving the diagnosis facilities for efficient patient care.
Moreover, other players, such as CTK Biotech, Inc., Avecon Healthcare Pvt. Ltd., and Elabscience Bionovation Inc., among others, have been focusing on the acquisition of other companies to expand their presence and enhance product portfolio.
The global HBsAg testing market research report provides a detailed competitive landscape and market insights. The report includes key insights, such as top industry developments covering partnerships, mergers, and acquisitions as well. Additionally, it focuses on key points, such as new product launches. Furthermore, the report covers regional analysis of different market segments, profiles of key players, market trends, and the impact of COVID-19 on the market. The report consists of quantitative and qualitative insights that have contributed to the market's growth.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 5.8% from 2024-2032 |
Unit | Value (USD Billion) |
Segmentation | By Type
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By Technique
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By Setting
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By Sample Type
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By End-user
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By Region
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Fortune Business Insights says that the global market stood at USD 1.30 billion in 2023 and is projected to reach USD 2.16 billion by 2032.
In 2023, the market value stood at USD 0.51 billion.
The market is predicted to exhibit a CAGR of 5.8% during the forecast period.
By type, the qualitative segment leads the market.
The growing burden of hepatitis B among the population and the increasing focus of the market players on new product launches has been fueling the market growth.
Siemens Healthineers AG, F. Hoffmann-La Roche Ltd., and Abbott are the top players operating in the market.
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