Global STD diagnostics markets estimated to grow by over CAGR of 8
Date: February 13th, 2018
More than 25-30 infectious diseases comprise the term STD
The word Sexually Transmitted Diseases is used to denote a group of sicknesses that can be transmitted from one person to another via infusing body fluids, vaginal fluids and blood.
This term that is sometimes scary, carries a sum of between 25 to 30 infections that most of them are spread through sexual interactions.
25-30 sexually transmitted diseases
The term sexually transmitted disease include more than 25-30 infectious diseases that are spread through sexual activities.
Some common STDs never display symptoms. This leads to most of them not to be treated hence causing long-term effects like sterility, permanent brain damage, cancer, heart diseases, sterility and even death in severe cases.
It is very vital that any person who has been exposed to STDs to go for frequent medical examinations so that treatment can be done and also possible effects to be assessed.
The common STDs are chlamydia, syphilis, gonorrhea, herpes simplex virus, human papillomavirus and human immunodeficiency virus (HIV).
The Sexual Transmitted Diagnostic test market was envisaged to see the maximum growth during the predicted phase owing to the scaling percentages of HIV/HPV infested populace in the world.
Poor immunity increasing the growth
The Global STD diagnostics market has also grown due to the up-surging incidents of poor immunity among people, which is tied to many cases of unprotected sex.
There is also growing demand for rapid and precise Global STD diagnostics and also this situation is coupled with the presence of aiding environment and government initiatives, for instance, Brazil, India, and China.
The market has also met somewhat little hindrance in growth owing to the high cost of the diagnosis thus preventing more people from taking part in the Diagnostics.
The other hitch is the culture of unwillingness from some populations (either infected or uninfected) who do not want or rather ever wish to undergo to screening procedures. This point is also coupled with the impact the result (especially if infected) will create to the subject.
The results can result in stigma and even segregation from the immediate community or family.
Depending on the kind of the global market of STD, diagnostic test is branched into seven categories, they include:
Syphilis tests, gonorrhea testing, herpes simplex virus testing chlamydia testing, human papillomavirus (HPV) testing, human immunodeficiency virus (HIV) screening among others.
HPV instigated cervical cancer is a usually observed and also most widespread cancer amongst females.
The most causative agent is HPV 16 and HPV 18 which in roughly 99% of females infested with cervical cancer.
Each year, about 300,000 cervical cancer related demises are recorded owing to HPV. The segment which is expected to grow faster is HIV hence creating a boost in the global STD diagnostic testing market in the subsequent years.
The projected expand is at a CAGR of nearly 10
North America has been observed to be in the leading market for a sexually transmitted diseases diagnostic market in the year 2015.
This was in terms of income due to the accessibility of cutting-edge computer-guided screening tests, which enable quick, efficient and accurate screening hence the boost in the market.