Global STD Testing Market
Global Sexually Transmitted Disease Testing Market Size Expands to Cross USD 135.5 Billion by 2029
Published | 10 January 2023
Global sexually transmitted disease (STD) testing market is flourishing because of an increasing prevalence and rising incidences of STDs, growing establishment of national screening programs, and rising support for STD testing reimbursements across the globe.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global sexually transmitted disease (STD) testing market size at USD 91.4 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global sexually transmitted disease testing market size to grow at a steady CAGR of 6.2% reaching a value of USD 135.5 billion by 2029. Major factors for the expansion of global sexually transmitted disease testing market include increasing public awareness and patient education, global rise in the incidence of sexually transmitted illnesses, increasing patient awareness through education campaigns, and a surge in government activities. The prevalence and incidence of sexually transmitted illnesses have increased significantly during the previous decade. As the frequency of sexually transmitted illnesses increases, countries worldwide are focused on the deployment of national screening programs to expand the coverage of sexually transmitted disease diagnosis. Also, the payment regulations for services related to sexually transmitted diseases have been favorable. Technology advancements and developments in the diagnosis of STDs are also projected to boost market expansion. Increased national screening program implementation to increase sexually transmitted disease diagnosis coverage will also boost the demand for STDs testing. These reasons are considerably driving the growth of the global sexually transmitted diseases testing market. However, social stigma associated with patients visiting specialized STD clinics and huge protection of patients infected with STDs in remotes areas are anticipated to hinder the market growth during the period in analysis.
Global Sexually Transmitted Disease Testing Market – Overview
Sexual health testing is a collection of diverse tests and procedures used to diagnose and detect sexually transmitted illnesses, such as Chlamydia, Gonorrhea, Trichomonas, HIV, HSV, HCV, HPV, and others. For sexual health testing, four major types of testing are employed, including Culture/Isolation of Organisms, Molecular Test, Immunology Assay, and others. HIV can be diagnosed using one of three HIV tests: antibody testing, antigen/antibody tests, and nucleic acid tests (NAT). STD prevalence and incidence have risen considerably in the recent decade. As the prevalence of sexually transmitted illnesses rises, nations around the world are focusing on developing nationwide screening programs to increase the adoption of sexually transmitted disease diagnostics coverage. Reimbursement regulations for diagnostic services for sexually transmitted diseases have been useful. These factors are significantly contributing to the growth of the global sexually transmitted diseases diagnostics market.
Impact of COVID-19 on Global Sexually Transmitted Disease Testing Market
COVID-19 adversely affected the STD (sexually transmitted disease) testing market. Due to disruptions in healthcare and STD testing facilities, the CDC (Centers for Disease Control and Prevention) observed a decline in STD testing during the early months of COVID-19. Few members may have unwittingly disseminated the virus due to inadequate testing and diagnosis. As a result, even though the transmission of STDs rose during the pandemic, the market value declined due to the decrease in testing. STD testing surged once the lockdown and travel ban were lifted, and the market is projected to boost the expansion of market growth.
Global Sexually Transmitted Disease Testing Market – By Location
Based on location, global sexually transmitted disease testing market is bifurcated in Laboratory and Point of Care (PoC). In 2022, the laboratory testing segment had a higher market share, but PoC testing is expected to rise at a faster rate in the years ahead. Laboratory testing includes commercial/private labs and public health labs. Laboratory testing is a time-consuming but more exact procedure that involves commercial/private labs as well as public health labs. Likewise, the PoC segment includes testing kits, is faster, the results may be less exact. However, bedside testing or mobile testing that allows for rapid healthcare provision for patients is capturing market share. There has been a major transition from traditional laboratory tests to rapid and easy point of care tests, due to the benefits provided by point of care testing equipment.
Major players operating in global sexually transmitted disease testing market include Abbott Laboratories, BioMérieux, Inc., Becton Dickinson Company, Danaher Corporation, Bio-Rad Laboratories, Inc., Hologic, Inc., Diasorin Molecular LLC, Roche Holding AG, Orasure Technologies, Inc., Thermo Fisher Scientific Inc., AccuBioTech Co. Ltd., AdvaCare Pharma, BIOGENIX Inc. Pvt. Ltd., CTK Biotech Inc., Everlywell Inc., F. Hoffmann La Roche Ltd., Gilead Sciences Inc., GlaxoSmithKline Plc, and Merck and Co. Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Sexually Transmitted Disease Testing Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Sexually Transmitted Disease Testing Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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