The Global STD Testing Devices Market is currently dominated by several market players. Additionally, growing initiatives to create awareness is driving the growth of the market. For instance, Inovio Pharmaceuticals, Inc. in 2018, signed an agreement with ApolloBio Corp. for the exclusive rights for the development, manufacturing, and commercialization of VGX – 3100, Inovio’s DNA immunotherapy product. This product is used for pre-cancer indication.
According to MRFR analysis, STD Testing Devices Market is expected to register a CAGR of 9.3% during the forecast period of 2019 to 2025 and accounted for USD 70.29 Billion in 2018.
Increasing product development in the STD testing devices market is also likely to be a major feature of the global STD testing devices market over the forecast period. Major players in the global STD testing devices market are likely to focus on developing new and advanced cures for STDs in the coming years.
The historical impact of these drivers and restraints is analyzed in context of the current impact of these factors and projections are made for the likely impact of these drivers and restraints over the forecast period. Various components of the global STD testing devices market are also studied in the report and projections are made for the growth trajectory of each distinct component. The various segments and sub-segments within the global STD testing devices market are studied in detail in the report.
STD Testing Devices Market Segmentation:
The global STD testing devices market is segmented on the basis of type, end use, and region.
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By type, the global STD testing devices market is segmented into laboratory devices and point of care devices. The laboratory devices segment holds the largest share in the global STD testing devices market due to the longstanding usage of laboratory devices for STD detection. STDs are not often a cause for emergency, leading to relatively slow adoption of point of care devices.
By end use, the global STD testing devices market is segmented into hospitals and clinics, diagnostic laboratories, and research laboratories and institutes. The hospitals and clinics segment holds the dominant share in the global STD testing devices market, while the research laboratories and institutes segment is expected to exhibit the highest growth rate in the market over the forecast period.
STD Testing Devices Market Regional Analysis:
The Americas is the largest regional segment of the global STD testing devices market due to the widespread prevalence of sexually transmitted infections and high awareness among the population.
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STD Testing Devices Market – Competitive Analysis:
Leading players in the global STD Testing Devices Market include Abbott, MedMira Inc., Qaigen Inc., Thermo Fisher Scientific, Cepheid (Danaher Corporation), F. Hoffman-La Roche AG, Diasporin SpA, Bio-Rad Laboratories Inc., bioMerieux, Becton Dickinson and Company, Hologic Inc., GenePOC Inc., Meridian Bioscience, and OraSure Technologies.
In 2019, the U.S. FDA cleared two new tests to detect chlamydia and gonorrhea: Hologic’s Aptima Combo2 Assay and Cepheid’s Xpert CT/NG.
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