LONDON--(BUSINESS WIRE)--The global sexually transmitted disease (STD) testing market is expected to post a CAGR of close to 9% during the period 2019-2023, according to the latest market research report by Technavio.
A key factor driving the growth of the global sexually transmitted disease (STD) testing market size is the increased initiatives by governments worldwide. Government bodies across the world are carrying out initiatives aimed at preventing the transmission of new HIV infections, slowing down the progression of the disease and improving the quality of life. All these activities are contributing to the global efforts to reduce the spread of HIV. For instance, the National AIDS Control Programme (NACP) launched by the Government of India aims at preventing and controlling HIV in India. Such initiatives are expected to fuel the demand for STD testing, thereby driving market growth during the forecast period.
As per Technavio, the advances that enable the rapid diagnostics of STDs will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global sexually transmitted disease (STD) testing market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Sexually Transmitted Disease (STD) Testing Market: Advances that Enable the Rapid Diagnostics of STDS
In recent times, the market has witnessed a significant shift from traditional laboratory testing to rapid POC testing, which has become the most accepted method for HIV diagnosis. This method is being implemented to overcome some of barriers between the patient and lab technician during routine screening. Furthermore, the market is witnessing rapid advances in the molecular diagnostics used in STD testing. Such advances that enable the rapid diagnostics of STDs will fuel the growth of the STD testing market size during the forecast period.
“Apart from the technological advances in diagnostics, other factors such as the approval of drugs and strong drug pipeline, and the rising initiatives to increase awareness will have a significant impact on the sexually transmitted disease (STD) testing market growth during the forecast period,” says a senior analyst at Technavio.
Global Sexually Transmitted Disease (STD) Testing Market: Segmentation Analysis
This market research report segments the global sexually transmitted disease (STD) testing market by product (laboratory testing devices, and POC testing devices), and geographic regions (North America, Europe, Asia, and ROW).
The North American region led the sexually transmitted disease (STD) testing market in 2018, followed by Europe, Asia, and ROW respectively. The sexually transmitted disease (STD) testing market report identifies the factors such as the presence of many established vendors, the availability of a wide variety of STD testing kits, and the increasing number of HIV and syphilis cases, to account for the market dominance of North America during the forecast period.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
