Sexually Transmitted Diseases (STDs) Testing Market Expected to Reach $190,010 million by 2022

The global sexually transmitted diseases (STDs) testing market size was valued at $107,024 million in 2015, and is projected to reach $190,010 million by 2022, registering a CAGR of 8.5% over the forecast period. High incidences of STDs and increased governmental support are the factors that drive the market growth. In addition, rise in awareness among people, and patient education are the other pivotal factors that fuel the growth of the market.

Download PDF Sample Report: https://www.alliedmarketresearch.com/request-sample/1775

Sexually transmitted diseases (STDs) are infections that are transmitted from one person to another through sexual contact. STDs affect individuals of all ages, however, according to CDC, age group of 15‐24 accounts for half of all new STDs infections. Currently, STDs are the most common diseases in U.S., and as per CDC, about 19 million men and women are diagnosed with STDs each year. The disease is caused due to transmission of microbes (bacteria, virus, yeast, and parasites) during sexual intercourse. The disease is diagnosed using laboratory and point-of-care tests such as differential light scattering, ELISA, micro fluidics, and immunochromatographic test (ICTs).

Favorable reimbursement scenario for STD tests in the U.S. market is set to further drive the market growth. This report provides deep understanding of the laboratory claims for STD tests in the U.S. Claims for laboratory services must include an ICD-10-CM codes, which are found in the “ICD-10-CM Diagnosis Code” column of the laboratory services grid. For several laboratory tests, only ICD-10-CM codes are required for reimbursement. Some of the laboratory tests also require an additional code for reimbursement, which provides the medical necessity to perform tests. Since 2011, CMS covers screening for chlamydia, gonorrhea, syphilis, HIV, and HPV with the appropriate FDA-approved lab tests used with FDA-approved labeling and in compliance with CLIA regulations when ordered by a primary care provider, and performed by an eligible Medicare provider for these services.

However, stigma related to voluntary testing and critical regulatory compliance forms are the restraints for the market. However, global initiatives along with development in healthcare infrastructure are projected to provide platform for the market growth.

KEY BENEFITS FOR STAKEHOLDERS

- The report provides an in-depth analysis of the market along with current trends and future estimations to elucidate the imminent investment pockets.

- The report provides a quantitative analysis for the period of 2014‐2022 to enable stakeholders to capitalize on the prevailing market opportunities.

- Extensive analysis of the market based on technology helps to understand the type of devices used to treat STDs.

- Extensive analysis of the market is conducted by following key technology positioning and by monitoring the top contenders within the market framework.

Access Full Report: https://www.alliedmarketresearch.com/top-STD-testing-technologies-market

About Us:

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

This release was published on openPR.