Description:
Statistics:
The global diagnostic testing of STDs market is estimated to account for US$ 290,128.2 Mn in terms of value by the end of 2027.
Global Diagnostic Testing of STDs Market: Drivers
Approval and launch of new diagnostic tests is expected to propel growth of the global diagnostic testing of STDs market over the forecast period. For instance, in November 2019, the U.S. Food and Drug Administration (FDA) authorized marketing of Sentosa SQ HIV Genotyping Assay, a test to detect human immunodeficiency virus (HIV) Type-1 drug resistance mutations using next generation sequencing (NGS) technology.

Global Diagnostic Testing of STDs Market: Opportunities
Increase in STDs awareness is expected to offer lucrative growth opportunities for players in the global diagnostic testing of STDs market. For instance, in March 2020, researchers from Albaha University, Saudi Arabia, reported lack of STDs knowledge among young adults with estimated overall mean of STDs- knowledge scores of 7.95 ± 4.29.
Global Diagnostic Testing of STDs Market: Restraints
Large proportion of STD infected patients in out-of-reach geographic areas is expected to hinder growth of the market. It is observed that a large proportion STD infected patients and related / undetected cases are in out-of-reach geographic areas in many developing regions. The provision of infrastructure such as labs, equipment and supplies, trained laboratory experts or personnel proves uneconomic due to location constraints / deep difficult-to-reach areas. Lack of ease of accessibility and inadequate and unreliable infrastructure thus deters many from voluntary / Client-Initiated Counselling and Testing (CICT) diagnostic testing of STDs.
Key Takeaways:
The global diagnostic testing of STDs market was valued at US$ 140,028.5 Mn in 2019 and is forecast to reach a value of US$ 290,128.2 Mn by 2027 at a CAGR of 9.6% between 2020 and 2027. Approval and launch of new diagnostic tests is expected to propel growth of the global diagnostic testing of STDs market over the forecast period.
Chlamydia segment held dominant position in the global diagnostic testing of STDs market in 2019, accounting for 29.9% share in terms of value. Increasing incidence and prevalence of chlamydia in developing economies is expected to drive the segment growth during the forecast period.
Market Trends
Major players in the market are focused on approval and launch of new products to expand their product portfolio. For instance, in September 2019, bioLytical Laboratories launched the INSTI HIV-1 / HIV-2 Antibody Test in Canada.
North America is witnessing increasing adoption of STD testing. For instance, in May 2020, GoodRx, Inc. announced the GoodRx labs marketplace to offer 18 different tests by direct-to-consumer companies such as myLAB Box, Paloma Health and HeyDoctor by GoodRx for conditions such as allergies, coronavirus, diabetes, thyroid, cholesterol, urine analysis, STDs, fertility, and pregnancy.
Global Diagnostic Testing of STDs Market: Competitive Landscape
Major players operating in the global diagnostic testing of STDs market include, Vela Diagnostics USA Inc., Roche Holdings AG, Alere, Inc., Becton Dickinson & Company, bioMerieux, Danaher Corporation (Beckman Coulter), Hologic, Inc., binx health, Chembio Diagnostics, Pinpoint Science Inc., and bioLytical Laboratories.
Global Diagnostic Testing of STDs Market: Key Developments
August 2019: binx health received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its binx io, a molecular point-of-care diagnostic testing platform for the detection of chlamydia and gonorrhea
May 2019: Hologic, Inc. received the U.S. FDA clearance for its Aptima BV and Aptima CV/TV assays used for diagnosing vaginitis
Buy this Research Report: https://www.coherentmarketinsights.com/insight/buy-now/3917
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We do offer wide range of services such as Industry analysis, Consulting services, Market Intelligence, Customized research services and much more. We have expertise in many fields such as healthcare, chemicals and materials, Automation, semiconductors, electronics, energy, food and beverage, packaging and many more. Visit our website to know more.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave.
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]