According to IMARC Group's latest research report, titled "Syphilis Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the syphilis testing market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global syphilis testing market size reached US$ 1.15 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.63 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
What are Syphilis Testing?
Syphilis refers to a sexually transmitted infection (STI) that is caused by sexual intercourse and is passed by coming into touch with skin or mucous membranes. It initially appears as a painless sore on the mouth's rectum and genitalia. If neglected, it could lead to tertiary syphilis problems, which can harm the brain, nerves, blood vessels, and joints. Practitioners currently employ rapid plasma reagin (RPR) and the venereal diseases research laboratory (VDRL) as standard testing procedures that help in detecting early signs of syphilis. The rising awareness about STD treatment among the masses is providing an impetus to market growth.
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What are the Growth Prospects and Trends in the Syphilis Testing Industry?
The global market is majorly driven by the rising prevalence of syphilis among the masses. Additionally, the ease of use and low-price points of syphilis test kits, which are readily available at online retail outlets and in-store pharmacies, are further fostering market expansion. Apart from this, the current research and development (R&D) operations to introduce efficient treatment alternatives and significant advancements in the healthcare industry are contributing to the market. Moreover, the development of the market is being aided by the favorable medical reimbursement rules that exist for the testing of STDs creating a positive market outlook. Some of the other factors driving the market include continual improvements in the healthcare infrastructure and rising investment in the development of medical facilities across the geographically extended locations.
What is included in Market Segmentation?
The report has segmented the market into the following categories:
Competitive Landscape with Key Players:
Abbott Laboratories
Becton Dickinson and Company
Bio-Rad Laboratories Inc.
Danaher Corporation
DRG International Inc. (BioCheck Inc.)
F. Hoffmann-La Roche AG
Siemens Healthineers AG (Siemens AG)
Thermo Fisher Scientific Inc.
Type Insights:
Primary and Secondary Syphilis
Latent and Tertiary Syphilis
Location of Testing Insights:
Laboratory Testing
Point-of-Care (POC) Testing
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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