Std Diagnostics Market Size, Industry Share, Price Trends, Capacity Forecasts to 2022

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STD Diagnostics Industry Share and Size, Market Analysis,

Trends and Growth, End-use And Segment Forecasts To

2022

Global STD diagnostics market is expected to reach USD 200.9 billion by 2022 according to a new study

by Grand View Research Inc. The rising geriatric population base, increasing global incidence of various

STIs, rise in sedentary lifestyle adoption levels, and rising awareness & patient education are the driving

forces for the STD diagnostics market growth over the forecast period.

Increasing number of people having multiple partners and low levels of infection awareness levels are

the major drivers fueling industrial growth. Increasing demand for rapid and accurate diagnostic tests

and presence of favorable government initiatives for STD testing in developing countries such as Brazil,

India, and China are further estimated to boost market growth.

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Further key findings from the study suggest:

Chlamydia testing accounted for over 34% of the market in 2014. Chlamydia testing for sexually active

women aged below 25 years is strictly recommended by the U.S Preventive Services Task Force (PSTF).

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Syphilis testing is estimated to witness lucrative growth over the forecast period. It is anticipated to

grow at a CAGR of 10% owing to increasing prevalence of syphilis infection globally.

On the basis of test location, laboratory testing held the largest market share of over 63% in 2014 owing

to the availability of cost effective diagnostic tests used for multiple STIs at a single location such as

public health labs. Point of care on the other hand is anticipated to be the fastest growing segment over

the forecast period owing to the owing to the introduction of CLIA waived tests.

Laboratory testing devices dominated the...