Geographically, ~67% of the Syphilis Testing market share is held by the developed regions, due to heavy investments and affordability of advanced small animal in-vivo imaging devices. North America is the dominant region owing to its adoption of advanced technologies, healthcare awareness and favorable reimbursement policies. The research outcomes in the field of small animal imaging market in North America are the blend of academic and industry efforts supported by government programs and initiatives
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Syphilis Testing Market Report, published by Research Beam, forecasts that the global market is expected to garner $3,650.3 million by 2020, registering a CAGR of 1.2% during the period 2014-2020. The secondary syphilis testing would continue to be the largest market segment through 2020.Latin America, Middle East Africa (LAMEA) market accounted for about 43% revenue share of the syphilis testing market in 2014.
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Rising Syphilis cases remain a vital public health issue and is a significant concern across the globe, especially in developing economies. Rising burden of syphilis incidences and implementation of national screening programs are major factors fueling the growth of Syphilis testing worldwide.
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Furthermore, the growing adoption of novel technologies such as Enzyme Immunoassay (EIA) tests, Dark field microscopy and Microhemagglutination (MHA-TP) assay enables faster and improved screening results - thus provides additional boost to the market growth. However, social stigma associated with patients visiting to STD clinics and large patient pool in remote areas would limit the market growth to a certain extent.
LAMEA and Asia Pacific constitute the two largest regions for syphilis testing market and collectively accounted for about 4/5th of the global revenue in 2014. Higher adoption rates for technologically advanced screening tests methods, active measures from governments and private associations along with the growing awareness of syphilis infections, largely contributes to the growth of the market in these regions.
Also, rising incidences of syphilis due to men having sex with men (MSM) and implementation of mandatory screening tests for all pregnant women would further foster the growth of syphilis testing market in these regions.
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Key Findings of Syphilis Testing Market:
- LAMEA will continue to lead the global market, closely followed by Asia Pacific, all through the analysis period
- United states remains a major market in the North America syphilis testing market through 2020
- Spainand Germany collectively accounts for about one fourth of the Europe syphilis testing market
- ChinaandIndiacollectively accounts for about 89% share in the Asia Pacific syphilis testing market
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