DIAGNOSTIC TESTING OF STDS MARKET ANALYSIS | Coherent Market Insights

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• DIAGNOSTIC TESTING OF STDS MARKET ANALYSIS
• Diagnostic Testing of STDs Market, By Test Type
  (Chlamydia, Gonorrhea, Syphilis, HIV, HPVpap
  smear, HSV, Chancroid), and By Region (North
  America, Latin America, Europe, Asia Pacific,
  Middle East Africa) - Size, Share, Outlook, and
  Opportunity Analysis, 2020 - 2027

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• Sexually Transmitted Diseases (STDs) are diseases
  that spread primarily through person-to-person
  sexual contact. Early identification or diagnosis
  of STDs and partner notification can help halt
  further transmission.
• Statistics
• The global diagnostic testing of STDs market is
  estimated to account for US 290,128.2 Mn in
  terms of value by the end of 2027.
• Global Diagnostic Testing of STDs Market Drivers
• Increasing prevalence of STDs is expected to
  propel growth of the global diagnostic testing of
  STDs market over the forecast period. For
  instance, according to UNAIDS Global HIV AIDS
  statistics 2019 fact sheet, 37.9 million people
  were infected with HIV worldwide.
• Moreover, increasing funding to treatment and
  management of STDs is also expected to aid in
  growth of the market. For instance, in February
  2020, the U.S. government released its Fiscal
  Year 2021 Federal Budget proposal that includes
  US 716 million for the second year of the
  multiyear Ending the HIV Epidemic A Plan for
  America (EHE) initiative to eliminate HIV in
  America.

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• Statistics
• Asia Pacific held dominant position in the global
  diagnostic testing of STDs market in 2019,
  accounting for 36.3 share in terms of value,
  followed by North America and Europe,
  respectively
• Figure 1 Global Diagnostic Testing of STDs
  Market Share () Value, By Region, 2019

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• Global Diagnostic Testing of STDs Market
  Restraints
• Stigma associated with voluntary /
  Client-Initiated Counselling and Testing (CICT)
  STD testing is expected to hinder growth of the
  market. Many refrain from voluntary / CICT STD
  testing at any of the labs or STD clinics to
  avoid uncomfortable situations or embarrassment
  in the society. This hinders the uptake of
  diagnostic tests or testing volume, thus
  restraining growth of the market.
• Moreover, stringent regulatory scenario is also
  expected to limit the market growth. In Europe,
  diagnostic testing devices for STDs can be
  commercialized with a CE mark that can be
  obtained through compliance to the Directive of
  In Vitro Diagnostic Medical Devices, 98/79/EC
  and CLIA waivers. Other countries accept the U.S.
  FDA approval or CE Mark.

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Diagnostic Testing of STDs Market Report Coverage

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• Global Diagnostic Testing of STDs Market
  Opportunities
• RD in HIV self-testing kits is expected to offer
  lucrative growth opportunities for players in the
  global diagnostic testing of STDs market. For
  instance, in August 2019, researchers at the
  Center for Urban Health Solutions at St.
  Michael's Hospital, Canada, started clinical
  trial on HIV self-testing kits with the aim of
  gaining federal approval for the first such
  device in Canada.
• Moreover, increase in sexually transmitted
  infections is also expected to aid in growth of
  the market. For instance, there were over 126,700
  chlamydia infections and 28,300 cases of
  gonorrhea diagnosed in 2017 in Canada, according
  to provincial and territorial government data
  compiled in 2019.

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Statistics
The global diagnostic testing of STDs market was
valued at US 140,028.5 Mn in 2019 and is
forecast to reach a value of US 290,128.2 Mn by
2027 at a CAGR of 9.6 between 2020 and 2027.

• Figure 2 Global Diagnostic Testing of STDs
  Market Value (US Mn), 2016 2027

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• Market Trends/Key Takeaways
• The market in Canada is witnessing sale of
  unlicensed test kits majorly through online
  distribution channels. Clinical trials to boost
  device approvals are necessary to address the
  issue.
• Major players in the market are focused on
  approval and launch of new products to expand
  their product portfolio. For instance, in
  November 2019, Chembio Diagnostics received World
  Health Organization approval for its Sure Check
  HIV Self-Test, a single-use immunochromatographic
  test for the detection of antibodies to HIV types
  1 and 2.
• Global Diagnostic Testing of STDs Market
  Competitive Landscape
• Major players operating in the global diagnostic
  testing of STDs market include, Vela Diagnostics
  USA Inc., Roche Holdings AG, Alere, Inc., Becton
  Dickinson Company, bioMerieux, Danaher
  Corporation (Beckman Coulter), Hologic, Inc.,
  binx health, Chembio Diagnostics, Pinpoint
  Science Inc., and bioLytical Laboratories.

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• Global Diagnostic Testing of STDs Market Key
  Developments
• Major players in the market are focused on
  approval and launch of new products to expand
  their product portfolio. For instance, in April
  2020, binx health received a second 510(k)
  clearance from the U.S. Food and Drug
  Administration (FDA) for its binx io, a molecular
  point-of-care testing platform for the detection
  of chlamydia and gonorrhea.
• Major players in the market are also focused on
  adopting collaboration strategies to expand their
  product portfolio. For instance, in February
  2020, Pinpoint Science Inc. collaborated with
  Analog Devices, Inc. to advance the development
  and manufacture of novel nanosensor diagnostics
  for infectious diseases.

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