Syphilis Testing Market Size, Competitive Landscape Forecasts to 2029

According to Precision Business Insights (PBI), the latest report the global syphilis testing market is estimated to be valued at USD 1,538.4 million in 2023 and is poised to grow at a significant CAGR of 8.5% during the forecast period 2023-2029. Rising prevalence and incidence rates of syphilis. Infections are spreading more frequently and among the MSM (Men who have sex with men) population, injectable drug users, and sex workers. Furthermore, many cases of syphilis are undetectably transmitted since they are asymptomatic during the infectious phase. Syphilis testing market growth is influenced by several additional important variables, including the introduction of screening programmes and rising sex-related knowledge. Therefore, prevention and control of STD transmission remain crucial and top priorities across all regions. Early identification diagnostic testing can make it feasible to avoid and control the spread of syphilis.

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The Primary Segment is Dominating the Syphilis Testing Market:
The Primary segment is expected to account for a larger revenue share and the market is expected to grow at double digit growth rate over the forecast years. Syphilis usually develops in stages. Each stage has different signs and symptoms that can last for weeks, months, or even years. The primary stage of syphilis occurs about three to four weeks after a person contracts the bacteria. The symptoms after primary infection include, one or more open sores called chancres, which often feel firbm and painless & swollen lymph nodes. Syphilis is easiest to cure in the early stages of infection with the help of diagnostic test kits. Some of the diagnostic method use to detect syphilis are rapid plasma regain (RPR), Venereal Disease Research Laboratory (VDRL), fluorescent treponemal antibody absorption (FTA-ABS) test, agglutination assay (TP-PA), darkfield microscopy

The syphilis testing market is segmented based on by product type, by location of testing, and geography.
Based on the Product Type, the market is segmented into the following:
• Primary & Secondary Syphilis
• Others

Based on the By Location of Testing, the market is segmented into the following:
• Laboratory testing
• Point of care (POC) testing

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

North America Leads Syphilis Testing Market:
North America is expected to hold significant market share in the global Syphilis Testing market and is projected to grow at a prominent growth rate over the forecast years owing to Rising public awareness about syphilis treatment people are utilizing the social media platforms and the various campaigns by the NGO and various authorities are making people aware about the Syphilis testing in the region The goal of government is to reduce stigma, fear, and discrimination associated with STDs, as well as to make sure that people have the tools and knowledge they need to prevent, detect, and treat STDs.

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Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
The global syphilis testing market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In April 2019, Quest Diagnostics Launches New Consumer-Initiated STD Tests Through Quest Direct.

Key player's profiles in the syphilis testing market report are Abbott Laboratories, Becton, Dickinson and Co, Bio-Rad Laboratories Inc, Danaher Corp, DRG International Inc, F. Hoffmann-La Roche AG, Hologic Inc, Omega Diagnostics Group Plc, Siemens Healthineers AG, Thermo Fisher Scientific Inc.

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