Roche Diagnostics (Switzerland) and Hologic, Inc. (US) are Leading Players in the HPV Testing and Pap Test Market
The global HPV testing and Pap test market is projected to reach USD 9.2 billion by 2027 from USD 4.9 billion in 2022, at a CAGR of 13.2 during the forecast period. Growth in the HPV testing and Pap test market is mainly driven by factors such as the increase in favorable regulations in diagnostic companies and increase in number of cancer cases.
The major players in this market are Abbott Laboratories (US), Roche Diagnostics (Switzerland), Becton, Dickinson and Company (US), Hologic, Inc. (US), Quest Diagnostics (US), Qiagen N.V. (Netherland), Seegene, Inc. (US), Femasys, Inc. (US), Arbor Vita Corporation (US) and Mylab Discovery Solutions Pvt. Ltd. (India).
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In 2021, Abbott Laboratories (US) held the leading position in the HPV testing and Pap test market. The company has maintained a leading position in the market through its strong presence across North America.he company also adopts organic growth strategies to increase its dominance in this market by innovating new products to increase the product range. The company has a wide distribution network spread across over 150 countries and 291 subsidaries.
In 2021, Roche Diagnostics (Switzerland) held the second position in the HPV testing and Pap test market. It has a increased presence in North America, Europe and the Asia Pacific with a strong network and growth strategies. Roche focuses on increasing R&D with increased investment for innovation. The company has strong presence in North America and its major share comes from US.
Hologic, Inc. (US) held the leading position in the HPV testing and Pap market in 2021. Its leading position in this market can be attributed to its strong R&D investments. The company has strong presence globally due to excellent channel. The company increased its focus on R&D activities to develop unique products compared to its competitors. Company aims to develop and increase the women’s health business competitiveness by delivering innovative solutions and technologies to its customers.
Related Reports:
HPV Testing and Pap Test Market by Test Type (HPV Testing (Follow-Up HPV Testing, Co- Testing, Primary HPV Testing), PAP Test), End User (Laboratories, Hospitals, Physician’s Offices & Clinics), Region - Global Forecast to 2027
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