Syphilis testing: Key market research findings
- Growing focus on technological advancements
- Increase in adoption of POC syphilis test
Technavio has added a new market research report on the global syphilis testing market, which is expected to grow at a CAGR of around 5% between 2015 and 2019. The increasing global prevalence of syphilis infection is a major factor that facilitates market growth during the forecast period. The Americas lead the global market for syphilis testing, accounting for around 49% of the overall market share. The high market share of this region can be attributed to factors like the growing public awareness, increased product launches, and numerous FDA approvals for new innovative products.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The market is witnessing various new syphilis disease diagnostic techniques and testing platforms in the recent years. Changes such as decentralized POC testing and multiplex testing have enhanced the clinical testing of Treponema bacteria. Vendors are aiming towards technological advancements to improve infectious disease testing methods, which are more accurate, more sensitive, and faster and offer a broader range of pathogen detection as compared to most traditional methods. Also, several vendors like Chembio, Alere,Trinity Biotech, and Medmira have also developed HIV and syphilis combination tests,” says Imran Mushtaq, Lead Analyst, Healthcare & Lifesciences, Technavio Research
Owing to the time-consuming process and treatment delays of the laboratory-based tests, patients are opting for POC tests for syphilis diagnosis. These diagnostic tests provide rapid results, reduce hospital stays and lead to immediate treatment decisions. Several key playesr in the market are focusing on a patient-centered model with new innovative POC diagnostic testing.
The leading vendors in the global syphilis testing market include Abbott Diagnostic, Alere, Beckman Coulter, Siemens Healthcare, and Roche Diagnostics. This market consists of large, medium, and small sized vendors and is highly fragmented due to the opportunities presented by the emerging economies during the period of 2014 and 2019. To take advantage of such opportunities, many vendors form partnerships with various distributors and local vendors as it helps them to consolidate their position in the global syphilis testing market.
A more detailed analysis is available in the Technavio report, Global Syphilis Testing Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Global Sexually Transmitted Disease (STD) Testing Market 2014-2018
- Global Enzyme-Linked Immunosorbent Assay (ELISA) Testing Market 2015-2019
- Global HPV Testing Market 2014-2018
Further Reading:
