Syphilis Testing Market 2022 Segmentation, Business Challenges, Investment Opportunities Analysis Till 2030

Owing to increase in prevalence of individual suffering from sexually transmitted disease, rise in geriatric population, and growth in awareness among the population concerning the benefits of syphilis test globally are the key factors anticipated to drive the growth of market during the forecast period.

According to the report, the global syphilis testing industry was pegged at $1.1 billion in 2020, and is expected to reach $1.9 billion by 2030, growing at a CAGR of 5.6% from 2021 to 2030.

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Syphilis is a sexually transmitted disease caused by Treponema pallidum bacteria. Syphilis tests are used for screening and detection of antibodies against bacteria into the patients' blood. There are various complications related to syphilis infection, such as infertility in both, men and women, ectopic pregnancy, cervical cancer in women and congenital mortality, and infections. Treponemal tests applied for the screening of bacterial infection includes the Treponema pallidum particle agglutination (TP-PA) and fluorescent treponemal antibody (FTA-ABS).

Non-treponemal tests are relatively simple to perform and interpret, give rapid results, and are economic. However, non-treponemal tests require laboratory equipment and trained personnel to perform and interpret test reactions. Non-treponemal tests include, Rapid Plasma Reagin (RPR), which is an improved version of the Venereal Disease Research Laboratory (VDRL) test and tests for the same antigen.

COVID-19 scenario-

The outbreak of the Covid-19 pandemic negatively impacted the global syphilis testing market. This is owing to decrease in the number of patient visits to hospitals and clinics for testing, as a result of the suspension of various elective procedures and outpatient visits, which reduced the demand for syphilis tests.

Between March 2019 and May 2020, the Syphilis testing rate fell by 64%.

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The laboratory testing segment held the lion's share in 2020-

Based on location of testing, the laboratory testing segment held the lion's share in 2020, contributing to more than four-fifths of the global syphilis testing market, and is expected to continue its lead during the forecast period. However, thepoint of care (POC) testing segment is expected to witness the highest CAGR of 6.8% by 2030, due to increase in prevalence of syphilis infection, the laboratory test is cost efficient, convenient and confidential for use in hospitals & clinics.

Leading market players-

Becton Dickinson And Company
Hologic, Inc.
Cepheid Inc.
DiaSorin
Abbott Laboratories
Bio-Rad Laboratories
Beckman Coulter Inc
F. Hoffmann-La Roche
Affymetrix, Inc
Siemens healthcare

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