Global Syphilis Testing Market 2015-2019

November 18, 2015
This market study by Technavio presents a detailed analysis and segmentation of the global syphilis testing market by technology (POC syphilis test and conventional syphilis test), by products (assays/consumables and instruments), and by geography (Americas, APAC, and EMEA). Key vendors analyzed in this market research are Abbott Diagnostic, Alere, Beckman Coulter, Siemens Healthcare, and Roche Diagnostics.

Market outlook of the global syphilis testing market

Syphilis is an example of a sexually transmitted disease that is caused by the bacteria Treponema pallidum. The increasing global prevalence of syphilis infection is a major factor that facilitates market growth during the forecast period. This market is expected to exhibit steady growth during the forecast period and is heavily influenced by the growing awareness of syphilis infection and its repercussions among the people, which results in this market’s steady CAGR of more than 4% by 2019.

Technavio’s market research analyst estimates the Americas to account for a market share of more than 48% by 2019. The high market share of this region can be attributed to factors like the growing public awareness, increased product launches, and numerous FDA approvals for new innovative products.

Technological segmentation of the syphilis testing market

  • POC syphilis test
  • Conventional syphilis test

In this market research report, analysts estimate the conventional syphilis testing segment to retain its dominating hold over the market by 2019. Currently, this market accounts for a share of more than 78% of the total market and advantages like its high specificity and sensitivity coupled with its ability to enable automation and increased sample throughput facilitate market growth in this segment during the forecast period.

Product-based segmentation of the syphilis testing market

  • Assays/consumables
  • Instruments

The assays and consumables segment currently dominates the global market for syphilis testing devices and consists of advanced, innovative, specific, biological components that detect the presence and type of specific antibodies in a patient’s blood sample. The ability of this segment to generate a high return on investment (ROI) for manufacturers is a critical factor that bolsters the prospects for growth in this segment during the forecast period.

Competitive landscape and key vendors

This market consists of large, medium, and small sized vendors and is highly fragmented due to the opportunities presented by the emerging economies during the period of 2014 and 2019. To take advantage of such opportunities, many vendors form partnerships with various distributors and local vendors as it helps them to consolidate their position in the global syphilis testing market.

Key vendors in this market are -

  • Abbott Diagnostic
  • Alere
  • Beckman Coulter
  • Siemens Healthcare
  • Roche Diagnostics

Other prominent vendors analyzed in this global market research are AccuBioTech, Becton Dickinson and Company, Bio-Rad Laboratories, bioLytical Laboratories, Chembio Diagnostic Systems, Diasorin, DRG International, Grifols, IBL International, MedMira, Omega Diagnostics, Trinity Biotech, Ulti med Products, and ZEUS Scientific.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2019?
  • What are the key factors driving the global syphilis testing market?
  • What are the key market trends impacting the growth of the global syphilis testing market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global syphilis testing market?
  • What are the market opportunities and threats faced by the vendors in the global syphilis testing market?
  • Trending factors influencing the market shares of the EMEA, Americas, and APAC?
  • What are the key outcomes of the five forces analysis of the global syphilis testing market?

Technavio also offers customization on reports based on specific client requirement.

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