The global STD diagnostics market size is expected to reach USD 19.63 billion by 2032, according to a new study by Polaris Market Research. The report “STD Diagnostics Market Share, Size, Trends, Industry Analysis Report, By Product (Instruments and Devices, Consumables, and Software); By Application; By Technology; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rising number of government initiatives promoting the development or creation of technologically advanced diagnostic solutions providing precise testing and increased public awareness as well as patient education, are the key factors projected to drive market’s growth. Increasing healthcare expenditure or spending from both government and private organizations resulting in greater access to improved healthcare facilities and diagnostics for various diseases including STDs.
Furthermore, the rapid emergence of CRISPR-based diagnostics as cutting-edge technology offering sensitive and specific detection of nucleic acids is gaining traction. CRISPR-Cas systems for the detection of nucleic acids appear to be extremely sensitive and capable on one-step detection of both DNA and RNA. Thereby, these tests are gaining huge popularity due to their potential to enhance the overall accuracy of STD diagnostics and becoming a highly valuable tool for point-of-care testing.
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The rapid development of at-home STD testing kits that provide individuals greater convenient and options for self-testing, is also increasing the accessibility of these devices. Thereby, people with privacy concerns and growing interest in self-testing of their STDs among people worldwide, have the potential for the expansion and development of at-home testing solutions. For instance, in October 2023, Lindus Health and Daye, announced that they have teamed up for the launch of a clinical trail that investigates a capability of tampon for the detection of STIs and HPV. The newly developed tampon likely to prove a more accessible at-home alternative with greater efficacy and safety.
STD Diagnostics Market Report Highlights
Polaris Market Research has segmented the STD diagnostics market report based on product, application, technology, and region:
STD Diagnostics, Product Outlook (Revenue - USD Billion, 2019 - 2032)
STD Diagnostics, Application Outlook (Revenue - USD Billion, 2019 - 2032)
STD Diagnostics, Technology Outlook (Revenue - USD Billion, 2019 - 2032)
STD Diagnostics, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 10.81 billion |
Revenue forecast in 2032 |
USD 19.63 billion |
CAGR |
7.7% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments covered |
|
Regional scope |
|
Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
For Specific Research Requirements |