Sexually Transmitted Disease (STD) Testing Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR70506
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The sexually transmitted disease (STD) testing market has the potential to grow by USD 74.64 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.30%.

This sexually transmitted disease (STD) testing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (laboratory testing devices and POC testing devices) and geography (North America, Europe, Asia, and ROW). The sexually transmitted disease (STD) testing market report also offers information on several market vendors, including Abbott Laboratories, Becton, Dickinson and Co., bioMerieux SA, Bio-Rad Laboratories Inc., Danaher Corp., F. Hoffmann-La Roche Ltd., Hologic Inc., OraSure Technologies Inc., QIAGEN NV, and Thermo Fisher Scientific Inc. among others.

What will the Sexually Transmitted Disease (STD) Testing Market Size be in 2021?

Sexually-Transmitted-Disease-(STD)-Testing-Market-Market-Size-2020-2025

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Sexually Transmitted Disease (STD) Testing Market: Key Drivers and Trends

The increased initiatives by governments worldwide is notably driving the sexually transmitted disease (STD) testing market growth, although factors such as social stigma associated with STDs may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the sexually transmitted disease (STD) testing industry get your FREE report sample now.

  • Rising prevalence of STDs across the world is increasing the need for public awareness and evaluation.
  • Governments have started taking initiatives through awareness programs to prevent the spread of STDs.
  • The Canadian Government launched the Federal Initiative to Address HIV/AIDs in the country.
  • The primary goals of the initiative are to reach out to the high-risk population, prevention of transmission, improving quality of life of patients by slowing down the progression, and contributing to global efforts to reduce the spread of HIV. These trends will increase the sales of STD testing kits.
  • The increasing initiatives by governments worldwide is one of the sexually transmitted disease testing market growth drivers.
  • The need for tests that eliminate certain patient and provider barriers, which hamper routine screening, is rising. In line with this, vendors of the global STD testing market are providing rapid POC testing kits.
  • The preference for self-testing for HIV is growing rapidly across the world. Most of the HIV test kits provide accurate results within 5-20 minutes.
  • Molecular diagnostics used for STD testing are also undergoing rapid advances. These factors will influence the growth of the market over the forecast period.
  • Vendors are also leveraging on the fact that there are barely any techniques available in the market to detect human papillomavirus (HPV). As a result, vendors are focusing on developing advanced diagnostic techniques to screen HPV.
  • Advances enabling rapid diagnostics of STDs is one of the critical sexually transmitted disease testing market trends.

This sexually transmitted disease (STD) testing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Sexually Transmitted Disease (STD) Testing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • Becton, Dickinson and Co.
  • bioMerieux SA
  • Bio-Rad Laboratories Inc.
  • Danaher Corp.
  • F. Hoffmann-La Roche Ltd.
  • Hologic Inc.
  • OraSure Technologies Inc.
  • QIAGEN NV
  • Thermo Fisher Scientific Inc.

 

The sexually transmitted disease (STD) testing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the sexually transmitted disease (STD) testing market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Sexually Transmitted Disease (STD) Testing Market?

Sexually-Transmitted-Disease-(STD)-Testing-Market-Market-Share-by-Region-2020-2025

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30% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for sexually transmitted disease (STD) testing market in North America. Market growth in this region will be slower than the growth of the market in other regions.

The presence of many vendors and the availability of a wide variety of STD testing kits will facilitate the sexually transmitted disease (STD) testing market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Sexually Transmitted Disease (STD) Testing Market?

Sexually-Transmitted-Disease-(STD)-Testing-Market-Market-Share-by-Product-2020-2025

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The laboratory testing devices market segment comprises systems and analyzers used for the detection of pathogens in STDs. The segment has witnessed significant growth, owing to the high use of this equipment by diagnostic and research laboratories that carry out the diagnosis of STDs and STIs worldwide. HIV is one of the most prevalent infectious diseases and places a huge burden on healthcare and disease management globally. The increasing prevalence of HIV and a growing trend for preventive healthcare is encouraging more people to undergo STD tests or screening at hospitals and clinics, which, in turn, is spurring the demand for laboratory testing devices in the STD testing market. 

The COVID-19 impact was negative on the laboratory testing devices market segment growth in 2020. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the sexually transmitted disease (STD) testing market size.

 

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What are the Key Factors Covered in this Sexually Transmitted Disease (STD) Testing Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive sexually transmitted disease (STD) testing market growth during the next five years
  • Precise estimation of the sexually transmitted disease (STD) testing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sexually transmitted disease (STD) testing industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sexually transmitted disease (STD) testing market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The sexually transmitted disease (std) testing market growth will increase by $74.64 million during 2020-2025.
The sexually transmitted disease (std) testing market is expected to grow at a CAGR of 8.30% during 2020-2025.
Technavio has segmented the sexually transmitted disease (std) testing market by product (Laboratory testing devices and POC testing devices) and geographic (North America, Europe, Asia, and ROW).
Abbott Laboratories, Becton, Dickinson and Co., bioMerieux SA, Bio-Rad Laboratories Inc., Danaher Corp., F. Hoffmann-La Roche Ltd., Hologic Inc., OraSure Technologies Inc., QIAGEN NV, Thermo Fisher Scientific Inc. are a few of the key vendors in the sexually transmitted disease (std) testing market.
North America will register the highest growth rate of 30.25% among the other regions. Therefore, the sexually transmitted disease (std) testing market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the sexually transmitted disease (std) testing market growth are:
  • Increased initiatives by governments worldwide
  • Increasing involvement of various organizations to create awareness about STDs
The sexually transmitted disease (std) testing market vendors should focus on grabbing business opportunities from the laboratory testing devices segment as it accounted for the largest market share in the base year.
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