STD Diagnostics Market is Set to grow at a CAGR of 12.27% During the Forecast Period 2028

A worldwide STD Diagnostics Market research report is a verified and reliable source of information that gives a telescopic view of the existing market trends, emerging products, situations, and opportunities that drives the business toward success. This global market research report is organized by collecting market research data from different corners of the globe with an experienced team of language resources. The report serves the clients to tackle every strategic aspect including product development, product specification, exploring niche growth opportunities, application modelling, and new geographical markets. The universal market report also provides company profiles and contact information of the key market players in the key manufacturer's section.

The STD diagnostics market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 12.27% in the forecast period of 2021 to 2028. The increase in patient awareness such as education campaigns is escalating the growth of STD diagnostics market.

STD means sexually transmitted diseases which are also called venereal diseases (VD) and are usually spread through the use of unsterilized drug needles, from mother to infant during childbirth or breast-feeding, blood transfusions and sexually. These diseases are detected through various tests as blood tests, urine samples or fluid samples and do not display any symptoms. With the help of antibiotics and antiviral drugs, STD caused by bacteria can be treated. Some of the devices used to diagnose the disease are absorbance microplate reader, flow cytometers, scattering machines and immunochromatographic assays among others.

The rise in the rate of government initiatives, increasing number of technologically advanced products in the field of diagnostics, providing more precise testing results and growing population having multiple casual sex partners are the major factors driving the STD diagnostics market. The preference of technologically advanced product range including diagnostic kits, instruments and reagents over traditional laboratory testing and introduction of government reforms targeted towards the betterment of healthcare infrastructure accelerate the STD diagnostics market growth. Additionally, growth in population, increasing research and development activities, rising in awareness regarding the disease and treatment, surge in investment and availability of precise testing results facilitating better treatment for sexually transmitted diseases positively affect the STD diagnostics market. Furthermore, technological advancement and need for novel treatments extends profitable opportunities to the STD diagnostics market players in the forecast period of 2021 to 2028.

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STD Diagnostics Market Scope and Market Size

The STD diagnostics market is segmented on the basis of type, testing, testing devices and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

On the basis of type, the STD diagnostics market is segmented into chlamydia testing, syphilis testing, gonorrhea testing, herpes simplex virus testing, human papilloma virus testing and human immunodeficiency virus testing.

On the basis of testing, the STD diagnostics market is segmented into laboratory devices and point of care devices.

On the basis of testing devices, the STD diagnostics market is segmented into thermal cyclers, PCR, lateral flow readers - immunochromatographic assays, flow cytometers, differential light scattering machines, absorbance microplate reader, phone chips and rapid diagnostic kits.

On the basis of end-user, the STD diagnostics market is segmented into hospitals and others.

Global STD Diagnostics Market Country-Level Analysis

The STD diagnostics market is analyzed and market size insights and trends are provided by country, type, testing, testing devices and end-user as referenced above.

The countries covered in the global STD diagnostics market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the STD diagnostics market because of the availability of FDA-approved advanced sexually transmitted diseases testing devices and presence of public healthcare insurance plans fostering healthcare consciousness among population. Asia-Pacific is expected to witness the significant growth during the forecast period of 2021 to 2028 because of the economic prosperity and the prevalence of sexually transmitted infections in underdeveloped countries.

The country section of the STD diagnostics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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Healthcare Infrastructure growth Installed base and New Technology Penetration

The STD diagnostics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for STD diagnostics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the STD diagnostics market. The data is available for historic period 2011-2019.

Competitive Landscape and STD Diagnostics Market Share Analysis

The STD diagnostics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to STD diagnostics market.

The major players covered in the STD diagnostics market report are Abbott, aposcience, BD, Biocartis, bioMérieux SA, Bio-Rad Laboratories, Inc., Cepheid, Danaher, DiaSorin, GenMark Diagnostics, Inc., Hologic Inc., OraSure Technologies, Inc., Qualigen Inc, Quidel Corporation, F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc, MedMira Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

FREQUENTLY ASKED QUESTIONS

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