A latest report from Absolute Markets Insights covers insights into the global STD Diagnostics market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes STD Diagnostics market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this STD Diagnostics report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The STD Diagnostics report also shows a new uptrend that includes market conditions and market forecast 2022-2030.
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Some of the major players operating in the global STD Diagnostics market include: Abbott Laboratories, BD, bioMérieux SA, Bio-Rad Laboratories, Inc., Cellabs, Cepheid, Danaher Corporation, DiaSorinS.p.A., EUROSPITAL SPA, F. Hoffmann-La Roche Ltd, Hologic, Inc., JAL Medical (OK Biotech Co. Ltd.), MedMira Inc., OraSure Technologies, Inc., QIAGEN, Quest Diagnostics, Quidel Corporation, Rapikit.com and Siemens Healthcare GmbH amongst others.
In terms of revenue, global STD diagnostics market was valued at US$ 88706.7 Mn in 2022 and is anticipated to grow at a CAGR of 5.06% over the forecast period.
The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.
Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the STD Diagnostics Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.
Key insights from the report:
- The report provides key statistics on the market status of STD Diagnostics Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
- The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
- The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
- The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
- The report makes some important proposals for a new project of STD Diagnostics Market before evaluating its feasibility.
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Covid-19 cumulative impact:
This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The STD Diagnostics Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The STD Diagnostics Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.
Key questions answered in this report:
- What will the market size and growth rate be in 2030?
- What are the key drivers of the global market?
- What are the key market trends impacting the growth of the global market?
- What are the market growth challenges?
- Who are the key vendors in the global market?
- What are the global market opportunities and challenges for sellers?
- What are the key findings of the global five-point analysis of the STD Diagnostics market?
Sexually transmitted infections (STIs) or sexually transmitted diseases (STDs) are some of the most widespread infections in the world which can occur during sexual or intimate contact with anyone. STDs can also be transmitted by sharing of used needles, during pregnancy and breastfeeding, amongst others. More than 30 different bacteria, viruses and pathogens are transmitted sexually. STDs are becoming a worldwide public health concern as more than 1million STDs are being reported every day. STDs affect both men and women. Individuals younger than 25 years old are highly prone to get these infections due to unprotected and high-risk sexual practices. The statistics of World Health Organization published in June 2019 states that around 376 million new STDs are reported each year. These STDs are having a severe impact on reproductive and sexual health on the global population which can even lead to death in extreme cases.
Early detection of STDs can reduce the morbidity rate and help people recover faster without spreading the infection. Technological advancements in medical devices have introduced portable rapid testing solutions for diagnosis of STDs which enable immediate delivery of care to the patients, thus driving the growth of STD diagnostics market. As compared to traditional in-lab testing which requires long time durations for availing the test results, rapid kits produce results in a matter of hours. These portable rapid tests are available for STDs such as Human Immunodeficiency Virus (HIV), Hepatitis C virus (HCV), syphilis, amongst others which can be detected by using finger-prick blood or oral fluid. binx health, inc. received clearance from U.S’s Food and Drug Administration (FDA) in August 2019 for its portable bench-top platform which diagnose chlamydia and gonorrhoea. Many new market participants such as QuantuMDx Group Ltd., European Union funded SelfDiagnostics and others are developing new portable rapid testing platforms for STDs. Thus, the availability of advanced portable rapid diagnostic devices to curb the growth of STDs amongst individuals is driving the demand for kits in the global STD diagnostics market.
The growing penetration of counterfeit products across the medical supply chain is impacting the growth of the global STD diagnostics market. World Health Organization estimates that up to 8% of the medical devices in circulation are counterfeit. The false diagnosis of these products leads to improper treatment, thus increasing the burden of health costs. These factors have led to stringent regulatory policies and guidelines for production and marketing of STD testing kits. The high regulatory requirements increases time to market of medical devices, thus, hampering the growth of the STD diagnostics market across the globe. Also, the social stigma of STDs is creating hesitance among people for testing which further impedes the growth of market.
Telehealth services for STD diagnosis is rapidly gaining momentum as people are reluctant to discuss their sexual diseases in-person. Online consultation is helping in removing this barrier. The recent outbreak of COVID-19 pandemic has further inflated these telehealth STD diagnostic services as people are restricted to leave their houses amidst lockdowns. To tap on this opportunity, Planned Parenthood Federation of America Inc. announced telehealth services including STD testing across all 50 states in April 2020. In a similar instance, Philadelphia city government is providing telephonic assistance for people with STD amidst COVID-19 crisis. Thus, the recent outbreak of coronavirus pandemic is expected to boost the demand for telehealth services in global STD diagnostics market in future years.
Global STD Diagnostics Market Segmentation:
STD Diagnostics Market By Clinical Indications (Human Immunodeficiency Virus (HIV), Chlamydia, Trichomoniasis, Syphilis, Genital Herpes, Epididymitis, Gonorrhoea, Genital Warts/Human Papillomavirus (HPV), Vaginitis (Atrophic Vaginitis, Vulvodynia), Others); By Technologies (Microscopy, Point-Of-Care (POC) Antigen Detection Tests, Culture, Nucleic Acid Amplification Tests (NAATs), Others); By Test Types (Swab Tests, Urine Tests, Blood Tests, Combinational Tests); By End User(Hospitals, Clinics, Laboratories, Pathological Centres, Research Institutes, Others); By Product Offerings (Test Kits, Reagents, Assays, Probes, Others); By Region (U.S., Canada, Mexico, Rest Of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa,Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022 – 2030
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