Global STD diagnostics market is expected to rise at a healthy CAGR of 18.95% in the forecast period of 2019-2026.
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Global STD Diagnostics Market
STD diagnostics is the process of identification of STD’s with the help of certain diagnostic devices, technologies by detection of certain biomarkers, as they rarely show any symptoms till the patient has reached the stage where the options available for treatments are limited.
Market Analysis: Global STD Diagnostics Market
Global STD Diagnostics Market is expected to rise at a CAGR of 18.95% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing prevalence rates of STD.
Market Definition: Global STD Diagnostics Market
STD stands for sexually transmitted diseases which is also known as venereal diseases (VD) and are usually spread through the use of unsterilized drug needles, from mother to infant during childbirth or breast-feeding, blood transfusions and sexually. These infections do not show any symptoms and are detected through various tests like blood tests, urine samples or fluid samples. STD caused by bacteria is usually easy to treat through antibiotics and antiviral drugs. Thermal Cyclers , PCR, Lateral Flow Readers – Immunochromatographic assays, Flow Cytometers, Differential Light Scattering machines, Absorbance Microplate Reader, Phone chips, Rapid Diagnostic Kits are some of the devices which are used to detect these diseases.
- Implementation of National Screening Programs is driving the market.
- Increasing incidence of STD is driving the market.
- High cost of the advanced diagnostic devices is restraining the market.
Key Market Competitors: Global STD Diagnostics Market
Few of the major competitors currently working in the global STD diagnostics market are: Abbott, aposcience, BD, Biocartis, bioMérieux SA, Bio-Rad Laboratories, Inc, Cepheid, Danaher, DiaSorin, GenMark Diagnostics, Inc., Hologic Inc., OraSure Technologies, Inc., Qualigen Inc, Quidel Corporation, F. Hoffmann-La Roche Ltd and Thermo Fisher Scientific Inc, Hologic Inc, MedMira Inc.
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