— Sexually Transmitted Diseases Testing Industry 2019
Sexually transmitted diseases or STDs are caused due to infections passed from one person to another through sexual contact. STDs can be because of bacteria, viruses, parasites, and yeast. They are one of the most common contagious diseases that can affect both men and women. Sexually transmitted diseases are one of the most serious health conditions globally. With the increasing incidence of STDs, the global market of sexually transmitted diseases testing is expected to grow at a notable pace during the forecast period.
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F. Hoffmann La Roche
Sexually transmitted diseases are increasing in the developing as well as developed economies around the world. Some of the most common STDs are gonorrhea, Chlamydia, and herpes simplex virus. Certain STDs can be life-threatening, therefore timely diagnosis and treatment are important. These factors are expected to increase the demand for sexually transmitted diseases testing centers and devices in the years to come. Report analysts believe that the STD testing market will grow at a CAGR of about 9% during the period 2019-2023.
As per reports, every year there are about 550 million new cases of STDs around the world. The United States accounts for more than 35 million cases annually. The many initiatives provided by governments worldwide to prevent the spread of new HIV infections is likely to increase the market size for STD testing. Report analysts are of the view that with technology advances in the healthcare sector, STDs will be diagnosed rapidly in the coming years. Therefore, the global market of STD testing is likely to witness an upsurge during the forecast period.
The global market of sexually transmitted diseases testing is divided by types and applications.
Based on types, the market is divided into Chlamydia testing, gonorrhea testing, HIV testing, HSV testing, syphilis testing, HPV testing, chancroid testing, and others. Chlamydia contributes the highest revenue, while gonorrhea is expected to grow at the fastest rate by 2023.
Based on applications, the market is segmented into clinics, hospitals, POC (point of care), and others. Laboratory or clinic testing is most common around the world. POC testing is likely to witness a notable growth during the forecast period.
The five main regions considered for studying the global market of sexually transmitted diseases testing are North America (The United States, Canada, and Mexico), Europe (UK, Italy, Spain, France, Germany, Russia, and the rest of the region), Asia-Pacific (India, South Korea, Japan, China, Singapore, Australia, Indonesia, and the rest of the region), Central and South America (Argentina, Brazil, Columbia, and the rest of the region), and the Middle East and Africa (UAE, Egypt, Saudi Arabia, Nigeria, Turkey, and South Africa).
North America is expected to have the highest share of the STD testing market during the forecast period. As per reports, there were about 1.7 million cases of Chlamydia and 5 lakh cases of gonorrhea in the United States in 2017. Europe is the second most important market for STD testing. STD testing market in the Asia-Pacific region is expected to grow at the fastest rate between 2017 and 2023.
STD testing vendors are introducing products that can be stored for a longer period of time. Hence, the demand for STD testing with high storage capacity is expected to increase in the coming years.
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Table of Contents – Major key Points
1 Sexually Transmitted Diseases Testing Market Overview
2 Manufacturers Profiles
3 Global Sexually Transmitted Diseases Testing Market Competition, by Players
4 Global Sexually Transmitted Diseases Testing Market Size by Regions
5 North America Sexually Transmitted Diseases Testing Revenue by Countries
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