STD Diagnostics Market to grow along with STD Awareness WorldwideA Chapter by David JonesSTD Diagnostics Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa ResearchThe global STD (sexually
transmitted disease) diagnostics market is driven by growing awareness about
STDs among the masses and greater governmental initiatives. Technological
developments too play a vital role in fuelling market growth. Popularity of POC
(point of care) testing propels the demand for improved products, such as
diagnostic devices, kits, and reagents. A number of people have multiple sexual
partners which in turn raises the possibility of contracting infections. Hence,
there’s the growing need for accurate & precise diagnostics solutions.
The worldwide STD diagnostics
market is segmented as per types of infections, location of tests, devices, and
regions. On the basis of infections, the categories are human papilloma virus
(HPV), syphilis, chlamydia, vaginitis, HIV (human immunodeficiency virus),
herpes simplex virus, and gonorrhea. Chlamydia, gonorrhea, and syphilis are
sexually transmitted infections (STIs) caused by bacteria.
Browse Details of Report @ https://www.hexaresearch.com/research-report/std-diagnostics-market Genital warts, HPV, HIV, and hepatitis genital herpes are examples of STIs caused by viruses. These microorganisms get transmitted through semen, blood, and vaginal fluids. Chlamydia is by far the most commonly occurring sexually transmitted disease. In terms of revenues, this segment held the highest share in the overall industry. It generated revenues surpassing USD 36 billion in 2016. However, rising cases of syphilis may contribute to more than 20% of total industry revenues over the forecast period (2016 to 2024).
Based on location of tests, the market is bifurcated
into laboratory testing and point of care (PoC) testing. Laboratory tests are
carried out either in public health labs or in private/commercial labs. Unlike,
PoC testing solutions, laboratory tests deliver more precise results. PoC tests
(such as test kits) are a more convenient option because these deliver
immediate results, but they are not always accurate. The introduction of
bedside & mobile testing is a step towards enhanced healthcare. The
industry for bedside & mobile testing may expand at a CAGR nearly 10% from
2016 to 2024.
According to type of device, the worldwide STD
diagnostics market is segmented into thermal cyclers - PCRs, lateral flow
readers, flow cytometers, differential light scattering machines, absorbance
microplate reader, phone chips (microfluidics+ICT), and bench top/portable/rapid
diagnostics kits. Portable/rapid diagnostics and phone chips are PoC testing
devices, while the others are laboratory test devices. The thermal cyclers
segment is anticipated to grow rapidly at a CAGR surpassing 8% during the
forecast period. The portable PoC testing devices industry is propelled by
continuous technological innovations. It may generate revenues exceeding USD 46
billion by 2024.
Geographically, the global STD diagnostics market is
divided into Asia Pacific, North America, Latin America, Europe, and the Middle
East & Africa. Driven by surging public awareness about STIs and the
presence of a well developed system of health insurance, North America
dominates the global industry. Another vital factor that positively impacts
this region is the growing accessibility to FDA-approved highly advanced
testing devices. As per ongoing industry trends, Asia Pacific may register a
high CAGR over the forecast period and thus prove to be a lucrative market in
the long run. Prominent companies operating in the worldwide STD diagnostics
market are Danaher Corporation, Abbott Laboratories, BioMerieux, Roche Holdings
AG, and Becton Dickinson & Company.
Recently, QuantuMDx, a U.K. based company dealing in
life sciences diagnostics & tools, developed the Q-Poc. This is a highly
affordable diagnostic DNA analyzer which is commonly known as the “handheld
lab”. It is capable of diagnosing certain types of cancers and a number of
infectious diseases (including the sexually transmitted ones). Equipped with a
solar battery, the Q-Poc can analyze biological samples, for example, swabs are
used to detect sexually transmitted diseases/infections.
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StatsAuthorDavid Jonescalifornia, CAAboutResearch Analyst At Hexa Research Which Provides Research Content For All Types Of Domains do check my Articles more..Writing
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