Syphilis Testing Market to Witness High Growth in near future: Roche Diagnostics, Hologic, Inc., Becton Dickinson & Company, Abbott Laboratories, BioMerieux, Alere Inc., Cepheid Inc., Affymetrix, Inc. and Diasorin.
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Syphilis Testing Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $3,650.3 million by 2020, registering a CAGR of 1.2% during the period 2014-2020. The secondary syphilis testing would continue to be the largest market segment through 2020. Latin America, Middle East&Africa(LAMEA) market accounted for about 43% revenue share of the syphilis testing market in 2014.
Rising Syphilis cases remain a vital public health issue and are a significant concern across the globe, especially in developing economies. The rising burden of syphilis incidences and the implementation of national screening programs are major factors fuelling the growth of Syphilis testing worldwide.
Furthermore, the growing adoption of novel technologies such as Enzyme Immunoassay (EIA) tests, Darkfield microscopy, and Microhemagglutination (MHA-TP) assay enables faster and improved screening results - thus provides an additional boost to the market growth. However, the social stigma associated with patients visiting STD clinics and large patient pool in remote areas would limit the market growth to a certain extent.
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LAMEA and the Asia Pacific constitute the two largest regions for syphilis testing market and collectively accounted for about 4/5th of the global revenue in 2014. Higher adoption rates for technologically advanced screening tests methods, active measures from governments and private associations along with the growing awareness of syphilis infections, largely contributes to the growth of the market in these regions.
Also, rising incidences of syphilis due to men having sex with men (MSM) and implementation of mandatory screening tests for all pregnant women would further foster the growth of syphilis testing market in these regions.
Key findings of Syphilis Testing Market:
• LAMEA will continue to lead the global market, closely followed by the Asia Pacific, all through the analysis period.
• The United States remains a major market in the North American syphilis testing market through 2020.
• Spain and Germany collectively account for about one-fourth of the Europe syphilis testing market.
• China and India collectively account for about 89% share in the Asia Pacific syphilis testing market.
Chapter: 3 MARKET OVERVIEW
3.1 Market Definition and Scope
3.2 Upcoming trends for Syphilis diagnostic testing market
3.2.1 Executing and ensuring accreditation for the qualification of participants in National Screening Programs around the globe.
3.2.2 Technological Advancements for Syphilis diagnostic testing market
3.3 Syphilis diagnostic tests
3.4 Key Findings
3.4.1 Top Factors Impacting global Syphilis diagnostic testing market
3.4.2 Top Investment Pockets of global Syphilis diagnostic testing market (2014-2020)
3.4.3 Top winning strategies of global Syphilis diagnostic testing market
3.5 Government Regulations and reimbursement scenario
3.5.1 Government Regulation
3.5.2 Reimbursement policies for Syphilis testing
3.6 Value Chain Analysis
3.6.1 Primary Activities
3.6.2 Supportive Activities
3.7 Market dynamics
126.96.36.199 Growing incidence rates and increasing prevalence rates of Syphilis
188.8.131.52 Implementation of National Screening Programs
184.108.40.206 Supporting Reimbursement for Syphilis testing
220.127.116.11 Social stigma associated with patients visiting specialized STD clinics.
18.104.22.168 Huge proportion of patients infected with Syphilis in remote areas.
22.214.171.124 Stringent regulatory abidance requirements for the participants of the Syphilis market
126.96.36.199 Decreasing number of visits to GUM clinics and specialized STD clinics
188.8.131.52 National screening Programs across the globe
184.108.40.206 Niche opportunities for technology and POC test providers in emerging economies
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