According to a new report published by Allied Market Research, titled, “STD Testing Market by Disease Type and Location of Testing: Global Opportunity Analysis and Industry Forecast, 2021-2030,” The sexually transmitted diseases testing market accounted for $91,445.93 Million in 2020, and is expected to reach $1,50,445.01 Million by 2030, registering a CAGR of 5.1% from 2021 to 2030.
♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
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Key Findings of the Study –
- By intubation, the orotracheal intubation segment held the largest sexually transmitted diseases (STD) testing market share in 2020 and is expected to remain dominant during the forecast period.
- By application, the anesthesia segment held the largest market share in 2020 and is expected to remain dominant during the forecast period.
- By end user, the hospitals segment held the largest sexually transmitted diseases testing market share in 2020 and is expected to remain dominant during the forecast period.
The STD market growth is strongly driven by high incidence rates and increase in prevalence rates of STDs such as chlamydia, syphilis, and gonorrhea. Moreover, implementation of national screening programs to improve and increase the STD diagnosis in many key geographies such as U.S., UK, Canada, and support in reimbursement for STDs testing are further supporting the sexually transmitted diseases (STD) testing market growth. However, there is a social stigma associated with patients attending STD clinics that prevents patients from being diagnosed with STDs.
In addition, a large number of patients infected with STDs are based in inaccessible areas, which greatly hinders the diagnosis of STDs. These factors are expected to hinder the growth of the STD testing market. By disease type, the chlamydia testing segment is the largest contributor to revenue and the gonorrhea segment is expected to show the fastest growth rate of 7.3%. This is due to the increase in gonorrhea in the last decade.
♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
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By region, North America is expected to experience market growth at the highest rate, registering a CAGR of 6.4% during the forecast period.
Key Market Players –
Major key players that operate in the industry are Abbott laboratories, Becton Dickinson Company, BioMérieux, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Diasorin Molecular LLC, Hologic, Inc., Orasure Technologies, Inc., Roche Holding AG and Thermo Fisher Scientific Inc.
By Region –
North America (U.S., Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
♦ 𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.alliedmarketresearch.com/checkout-final/38b0e1e82dfe79ffa9193c5df1abfbf3
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