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

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

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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

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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

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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.

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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

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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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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.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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