DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/84vpxp/global_hpv) has announced the addition of the "Global HPV Testing Market 2014-2018" report to their offering.
The analysts forecast the Global HPV Testing market to grow at a CAGR of 19.43 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increase in risk of the number of people prone to HPV. The Global HPV Testing market has also been witnessing the increase in mergers & acquisitions. However, the limited number of health clinics could pose a challenge to the growth of this market.
Key vendors dominating this space are bioMérieux SA., Hologic Inc., Roche Diagnostics Ltd., and Qiagen N.V.
Other vendors mentioned in the report are Abbott Molecular Inc., Arbor Vita Corp., Becton, Dickinson and Co., IncellDx Inc., Quest Diagnostics Inc., Trovagene Inc., and Ventana Medical Systems Inc.
Commenting on the report, an analyst from the team said: Vendors in the market have been focusing on mergers and acquisitions to increase their global presence and product portfolio, and to avoid loss of patent protection. In recent years, several mergers and acquisitions have been undertaken by companies to maintain high profit margins. For instance, in August 2012, Hologic acquired Gen-Probe for US$3.8 billion. Gen-Probe is now a wholly owned subsidiary of Hologic. The acquisition enabled Hologic to strengthen its diagnostics portfolio. In addition, in June 2011, Hologic acquired TCT International Co. Ltd., a leading distributor of medical products in China, to expand its women's healthcare franchise globally. An increase in the number of mergers and acquisitions has been contributing to the growth of the market.
According to the report, one of the major drivers in the market is the increasing number of patients at risk of HPV. This increase in the number of patients is due to changes in lifestyles and lack of awareness regarding sexually transmitted diseases.
For more information visit http://www.researchandmarkets.com/research/84vpxp/global_hpv
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