The global STD (sexually transmitted disease)
Diagnostics Market is driven by growing awareness about STDs among the
masses and greater governmental initiatives. Technological developments too
play a vital role in fuelling market growth. Popularity of POC (point of care)
testing propels the demand for improved products, such as diagnostic devices,
kits, and reagents. A number of people have multiple sexual partners which in
turn raises the possibility of contracting infections. Hence, there’s the
growing need for accurate & precise diagnostics solutions.
The
worldwide STD diagnostics market is segmented as per types of infections,
location of tests, devices, and regions. On the basis of infections, the
categories are human papilloma virus (HPV), syphilis, chlamydia, vaginitis, HIV
(human immunodeficiency virus), herpes simplex virus, and gonorrhea. Chlamydia,
gonorrhea, and syphilis are sexually transmitted infections (STIs) caused by
bacteria.
Genital
warts, HPV, HIV, and hepatitis genital herpes are examples of STIs caused by
viruses. These microorganisms get transmitted through semen, blood, and vaginal
fluids. Chlamydia is by far the most commonly occurring sexually transmitted
disease.
In terms of
revenues, this segment held the highest share in the overall industry. It
generated revenues surpassing USD 36 billion in 2016. However, rising
cases of syphilis may contribute to more than 20% of total industry revenues
over the forecast period (2016 to 2024).
Based on
location of tests, the market is bifurcated into laboratory testing and point
of care (PoC) testing.
Laboratory
tests are carried out either in public health labs or in private/commercial
labs. Unlike, PoC testing solutions, laboratory tests deliver more precise
results. PoC tests (such as test kits) are a more convenient option because
these deliver immediate results, but they are not always accurate. The
introduction of bedside & mobile testing is a step towards enhanced
healthcare. The industry for bedside & mobile testing may expand at a CAGR
nearly 10% from 2016 to 2024.
According
to type of device, the worldwide STD diagnostics market is segmented into
thermal cyclers - PCRs, lateral flow readers, flow cytometers, differential
light scattering machines, absorbance microplate reader, phone chips
(microfluidics+ICT), and bench top/portable/rapid diagnostics kits.
Portable/rapid diagnostics and phone chips are PoC testing devices, while the
others are laboratory test devices. The thermal cyclers segment is anticipated
to grow rapidly at a CAGR surpassing 8% during the forecast period. The
portable PoC testing devices industry is propelled by continuous technological
innovations. It may generate revenues exceeding USD 46 billion by 2024.
Geographically,
the global STD diagnostics market is divided into Asia Pacific, North America,
Latin America, Europe, and the Middle East & Africa. Driven by surging
public awareness about STIs and the presence of a well developed system of
health insurance, North America dominates the global industry. Another vital
factor that positively impacts this region is the growing accessibility to
FDA-approved highly advanced testing devices. As per ongoing industry trends,
Asia Pacific may register a high CAGR over the forecast period and thus prove
to be a lucrative market in the long run. Prominent companies operating in the
worldwide STD diagnostics market are Danaher Corporation, Abbott Laboratories,
BioMerieux, Roche Holdings AG, and Becton Dickinson & Company.
Recently,
QuantuMDx, a U.K. based company dealing in life sciences diagnostics &
tools, developed the Q-Poc. This is a highly affordable diagnostic DNA analyzer
which is commonly known as the “handheld lab”. It is capable of diagnosing
certain types of cancers and a number of infectious diseases (including the
sexually transmitted ones). Equipped with a solar battery, the Q-Poc can
analyze biological samples, for example, swabs are used to detect sexually
transmitted diseases/infections.
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