STDs Testing Market Became a Highly Profitable Industry: Revenue Analysis and Industry Forecast, 2016-2022

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.

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The sexually transmitted diseases (STDs) testing market is growing at a remarkable pace globally, owing to rise in incidences of fatal STDs, increased implementation of service provider-initiated counseling and testing (PICT) & client-initiated counseling and testing (CICT), and development of novel technologies such as microfluidics and rapid diagnostics kits to test HIV at home. With the rise in prevalence of STDs, the diagnosis of the disease is also increasing. For instance, as per CDC, about 20 million new STD cases are diagnosed each year. The diagnosis of STDs is facilitated through laboratory and point-of-care testing devices.

High incidences of sexually transmitted diseases and increased governmental support are the factors that drive the market growth. In addition, favorable reimbursement scenario for STD tests, rise in awareness among people, and patient education are the other pivotal factors that fuel the growth of the market. However, stigma related to voluntary testing and stringent regulatory policies are the major restraints for the market growth. However, global initiatives along with development in healthcare infrastructure are projected to provide platform for the market growth.

Currently, laboratory testing devices accounted for the major share of the total market in 2015, as laboratories perform bulk of the tests. Microfluidics is expected grow fastest, growing at a CAGR of 34.2% owing to the ease of use, technological advancements, and quick results. Moreover, it provides excellent performance in the diagnosis of infectious diseases using only 1l of unprocessed whole blood in much less time.

Segment Review

STDs testing market is segmented into laboratory and point-of-care testing devices. Based on laboratory testing devices, the market is divided into PCR, immunochromatographic capillary flow dipstick technology (assays), flow cytometry, differential light scattering, and enzyme-linked immunosorbent assay (ELISA). On the basis of point-of-care testing devices, the market is further segmented into rapid diagnostic kits, phone chips, microfluidics, and immunochromatographic tests. Currently, laboratories perform bulk of the tests, and are anticipated to continue to hold larger share of the market, both in terms of volume and revenue.

Flow cytometry is expected to grow fastest, owing to its cost-effectiveness and accuracy of these tests for the diagnosis of STDs in laboratories. However, trained personnel and expensive equipment are required for using this technology, which can be a prime cause of concern.

Table Of Content

Chapter: 1. INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY MARKET SEGMENTS
1.3. RESEARCH METHODOLOGY
1.3.1. Secondary research
1.3.2. Primary research
1.3.3. Analyst tools and models

Chapter: 2. EXECUTIVE SUMMARY

Chapter: 3. REIMBURSEMENT SCENARIO
3.1. OVERVIEW
3.2. PREVENTIVE SERVICE BILLING AND CODING REFERENCE

Chapter: 4. GLOBAL STD TESTING MARKET, BY TECHNOLOGY
4.1. INTRODUCTION
4.1.1. Market size and forecast
4.2. LABORATORY TESTING DEVICES
4.2.1. Polymerase chain reaction (PCR)
4.2.1.1. Market size and forecast
4.2.2. Immunochromatographic capillary flow dipstick technology (Assay)
4.2.2.1. Market size and forecast
4.2.3. Flow cytometry
4.2.3.1. Market size and forecast
4.2.4. Differential light scattering
4.2.4.1. Market size and forecast
4.2.5. Enzyme linked immunosorbent assay (ELISA)
4.2.5.1. Market size and forecast

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