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Syphilis Testing Market to Reach $1.9 Bn, Globally, by 2030 at 5.6% CAGR: Allied Market Research

Increase in the occurrence of sexually transmitted disease and technological advancements drive the growth of syphilis testing market.

PORTLAND, Ore., May 4, 2022 /PRNewswire/ — Allied Market Research recently published a report,titled, Syphilis Testing Market by By Type (Primary & Secondary Syphilis, Others), by Location of Testing (Laboratory testing, Point of care (POC) testing): Global Opportunity Analysis and Industry Forecast, 2020-2030.” According to the report, the global syphilis testing industry was pegged at $1.1 billion in 2020, and is expected to reach $1.9 billion by 2030, growing at a CAGR of 5.6% from 2021 to 2030.

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Drivers, restraints, and opportunities-

Increase in the occurrence of sexually transmitted disease including syphilis and technological advancements drive the growth of syphilis testing market. However, high proportion of health and economic burden for the developing countries due to Syphilis and avoidance and refraining from voluntary / CICT Syphilis testing hinder the uptake of diagnostic tests or testing volume, thus restraining the growth of the syphilis testing market. Moreover, rapid development in diagnostic kits, improved healthcare infrastructure, and availability of test kits are expected to create opportunities for market growth during the forecast period.

COVID-19 scenario-

  • The outbreak of the Covid-19 pandemic negatively impacted the global syphilis testing market. This is owing to decrease in the number of patient visits to hospitals and clinics for testing, as a result of the suspension of various elective procedures and outpatient visits, which reduces the demand for syphilis tests.
  • Between May 2019 and May 2020the Syphilis testing rate fell by 64%.

The primary & secondary syphilis segment to dominate by 2030-

By type, the primary & secondary syphilis segment accounted for nearly two-thirds of the global syphilis testing market share in 2020, and is anticipated to retain its dominance throughout the forecast period. This is attributed to increase in syphilis infection rate, availability of screening test such as automated treponemal tests (TTs) that includes enzyme immune-assays (EIAs) under primary syphilis & RPR card, the serological test VDRL, and USR for secondary syphilis. Moreover, the same segment would showcase the fastest CAGR of 5.7% by 2030.

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The laboratory testing segment held the lion’s share in 2020-

Based on location of testing, the laboratory testing segment held the lion’s share in 2020, contributing to more than four-fifths of the global syphilis testing market, and is expected to continue its lead during the forecast period. However, the point of care (POC) testing segment is expected to witness the highest CAGR of 6.8% by 2030, due to an increase in prevalence of syphilis infection, the laboratory test is cost efficient, convenient and confidential for use in hospitals & clinics.

North Americato lead the trail in terms of revenue-

By region, North America, garnered the largest share in 2020, contributing to more than one-third of the global syphilis testing market and is expected to dominate the market during the forecast period. However, LAMEA region is expected to grow at the fastest CAGR of 6.2% by 2030.

Leading market players-

  • Becton Dickinson And Company
  • Hologic, Inc.
  • Cepheid Inc.
  • DiaSorin
  • Abbott Laboratories
  • Bio-Rad Laboratories
  • Beckman Coulter Inc.
  • F. Hoffmann-La Roche
  • Affymetrix, Inc.
  • Siemens healthcare

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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