Syphilis Testing Market by Technology and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR40538
Technavio

The 2021-2025 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The syphilis testing market size has the potential to grow by USD 0.42 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by technology (conventional testing and POC testing) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 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, and Thermo Fisher Scientific Inc.

Market Overview

syphilis-testing-market-size

Browse TOC and LoE with selected illustrations and example pages of syphilis testing market

Request a FREE sample now!

Market Competitive Analysis

The market is fragmented. The key vendors have strong financial and R&D resources, superior manufacturing capabilities, and extensive distribution networks. Hence, new entrants face intense competition from the existing vendors and find it a challenge to sustain in the market. Also, leading vendors acquire smaller vendors to add new products to their portfolios and expand into untapped markets. F. Hoffmann-La Roche AG, Hologic Inc., Omega Diagnostics Group Plc, Siemens Healthineers AG, and Thermo Fisher Scientific Inc. are some of the major market participants. Although the increasing prevalence of syphilis will offer immense growth opportunities, the high cost of syphilis diagnostic tests will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this syphilis testing market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this syphilis testing market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • 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.

Syphilis Testing Market: Segmentation by Region

syphilis-testing-market-share-by-region

For more insights on the market share of various regions Request for a FREE sample now!

APAC will offer several growth opportunities to market vendors during the forecast period. The high prevalence of STDs such as syphilis, large patient population base, the growing interest of international and domestic players to set up manufacturing facilities, and increase in R&D activities will significantly influence the growth of the syphilis testing market share in this region.

40% of the market’s growth will originate from APAC during the forecast period. China is one of the key markets for syphilis testing in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Syphilis Testing Market: Segmentation by Technology

syphilis-testing-market-share-by-distribution-channel

Request for a FREE sample and Get more information on the market contribution of various segments

Conventional tests are highly preferred as they have an established presence in the market, and they provide precise results. Furthermore, many POC devices are yet to be approved by the regulatory health authorities, thus leading to increased demand for conventional tests, especially in the developing regions. The lack of availability, affordability, and awareness about the approved POC testing devices will also drive market growth in the conventional testing segment.

Market growth in this segment will be faster than the growth of the market in the POC testing segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the syphilis testing market size.

Syphilis Testing Market: Key Drivers and Trends

Syphilis is a genital ulcerative disease caused by the bacterium T. pallidum and has mild initial symptoms like a painless sore or no symptoms at all. As the disease progresses, severe rashes appear, and the disease eventually causes blindness or damage to internal organs and death. Untreated syphilis causes serious health problems, such as making the affected person vulnerable to HIV infection or even death. The increasing incidence and prevalence of syphilis will drive the use of syphilis tests, accelerating the growth of the global syphilis testing market.

The high incidence of syphilis has had a direct impact on the expansion of the global syphilis testing market. The increase in premarital screening for syphilis is one of the key syphilis testing market trends, which will further boost the market growth. Premarital testing programs aim to drive awareness about the benefits of premarital screening. This in turn, provides couples with accurate and unbiased information about STDs, STD testing, STD treatment, and STD testing centers. Growing awareness through these programs has led to an increased emphasis on premarital screening. As a result of these factors, the market will register a CAGR of over 2% during the forecast period.

syphilis-testing-market-report

Request for a FREE sample now!

Syphilis Testing Market: Key Highlights of the Report for the Forecast Period 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive syphilis testing market growth during the next five years
  • Precise estimation of the syphilis testing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the syphilis testing industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of syphilis testing market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

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
Technavio

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
Technavio

TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The syphilis testing market growth will increase by $0.42 billion during 2019-2024.
The syphilis testing market is expected to grow at a CAGR of 2.23% during 2019-2024.
Technavio has segmented the syphilis testing market by technology (Conventional testing and POC testing) ,application (Mobile computing devices, Consumer electronics, Automotive, Industrial automation, and Others) , and geographic (North America, Europe, APAC, and South America).
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. are a few of the key vendors in the syphilis testing market.
APAC will register the highest growth rate of 42.50% among the other regions. Therefore, the syphilis testing market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the syphilis testing market growth are:
  • Increase in prevalence of syphilis
  • Proliferation of wireless technologies
The syphilis testing market vendors should focus on grabbing business opportunities from the conventional testing segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Consumer Staples
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>