IMARC Group, a leading market research company, has recently releases report titled, “Sexually Transmitted Disease (STD) Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global STD diagnostics market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the sexually transmitted disease (STD) diagnostics market?
|Market Size in 2022||US$ 98.71 Billion|
|Market Forecast in 2028||US$ 135.94 Billion|
|Growth rate (2023 to 2028)||CAGR of 135.94%|
|Base Year of the Analysis||2022|
What is sexually transmitted disease (STD) diagnostics?
Diagnostics for sexually transmitted diseases (STDs) describes the numerous assessments and swab cultures used to find and confirm the existence of STDs. To find specific STD antigens or antibodies, fluid, urine, and blood testing are used. Numerous STDs and illnesses, including gonorrhoea, syphilis, trichomoniasis, genital herpes, chlamydia, pubic lice, AIDS, bacterial vaginosis, scabies, and chancroid are screened for and detected with this method. It helps detect and treat diseases at an early stage, protect unborn children from infections, prevent infertility, and reduce the spread of diseases. Owing to these benefits, STD diagnostics are widely conducted in laboratory testing and point-of-care (POC) testing across the globe.
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What are the growth prospects and trends in the sexually transmitted disease (STD) diagnostics industry?
The primary factors driving the market are the rise in the prevalence of sexually transmitted diseases (STDs) brought on by unprotected sexual activity and substance misuse. The market is expanding in part due to the widespread use of products that can accurately and consistently identify a variety of disease-causing agents, such as viruses, bacteria, and parasites, in order to assist healthcare providers in selecting the most appropriate course of action, enhance patient clinical outcomes, and stop transmission from mothers to their unborn children. Moreover, the introduction of artificial intelligence (AI)-based mobile applications that can diagnose STDs by analyzing digital images of private parts while maintaining confidentiality represents another major growth-inducing factor. Besides this, the growing awareness among the masses about the importance of early diagnosis and detection of STDs that can prevent long-term complications, such as congenital disabilities, infertility, cancer, blindness, brain damage, and mental retardation, is propelling the market growth. Furthermore, the implementation of government initiatives to raise awareness about sexual health and STD testing is creating a positive market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
- Chlamydia Testing
- Syphilis Testing
- Gonorrhea Testing
- Herpes Simplex Virus Testing
- Human Papilloma Virus Testing
- Human Immunodeficiency Virus Testing
- Chancroid Testing
Device Type Insights:
- Laboratory Devices
- Thermal Cycler – PCR
- Lateral Flow Readers
- Flow Cytometers
- Absorbance Microplate Reader – Enzyme Linked Immunosorbent Assay (ELISA)
- Point of Care (PoC) Devices
- Phone Chips (Microfluidics + ICT)
- Portable/Bench Top/Rapid Diagnostic Kits
End User Insights:
- Laboratory Testing
- Point of Care (PoC) Testing
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Abbott Laboratories
- Becton Dickinson and Company
- BioMérieux SA
- Bio-Rad Laboratories Inc.
- Cepheid (Danaher Corporation)
- Hoffmann-La Roche AG
- Hologic Inc.
- Qiagen N.V.
- Quidel Corporation
- Siemens Healthineers AG (Siemens AG), etc.
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