"Designing Growth Strategies is in our DNA"
Syphilis is a sexually transmitted disorder caused by the bacteria Treponema pallidum. Syphilis is majorly transmitted through sexual contact. As a result ulcers can occur in the vagina and around the external genitals. Transmission of syphilis can occur during anal, vaginal or oral sex. Moreover, pregnant women suffering from syphilis can transmit the infection to their unborn child. Increasing prevalence of the disorder in various regions of the world will significantly drive the syphilis rapid test kits market growth across the forecast timeframe. Syphilis rapid diagnostic test plays a crucial role in the early diagnosis of the disorder and thus preventing its irreversible consequences. Moreover, increasing technological advancements in the test kits for detection of syphilis is another major factor augmenting market growth.
The global syphilis rapid test kits market is anticipated to show considerable growth owing to a number of factors such as, increasing prevalence of sexually transmitted disorders across various economies and growing technological advancements in the diagnostic test kits. Point of care diagnostic tests for syphilis can be performed with minimal training and can also be done outside a laboratory setting. Hence, such tests can limit problems associated with lack of access to a laboratory or any other clinical settings. Additionally, growing prevalence of sexually transmitted disorders in the developing as well as developed economies will further propel industry expansion. For instance, as per the Centers for Disease Control and Prevention (CDC), nearly 20 million new sexually transmitted infections (STI) occur every year in the U.S., thus anticipated to boost syphilis rapid test kits market growth during forecast period.
Key Market Driver -
Increasing prevalence of sexually transmitted disorders across several economies
Key Market Restraint -
Lack of precision in the diagnostic tests coupled with dearth of awareness in developing economies
The factors anticipated to hamper syphilis rapid test kits market growth are lack of precision in the test results coupled with dearth of awareness among the population of emerging economies about the adverse effects of syphilis. Moreover, China is facing an emerging epidemic of syphilis, owing to lack of knowledge pertaining to its treatment solutions.
Some of the major companies included in the global syphilis rapid test kits report are Bio-Rad Laboratories, Inc., Beckman Coulter, Inc., Abbott (Alere), BD, Thermo Fisher Scientific Inc., Biokit S.A., Trinity Biotech, INTEC, NecLife, ELITech Group, bioLytical Laboratories Inc. and few others. These players are implementing various inorganic strategies such as, novel product launch, acquisitions and mergers to gain a competitive edge over its peers.
As per the current market trend, the treponemal segment is expected to hold major market share during the projected duration owing to increasing prevalence of syphilis across the globe.
The global syphilis rapid test kits market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global syphilis rapid test kits market followed by Europe owing to a number of factors such as the increasing prevalence of sexually transmitted diseases, growing healthcare expenditure, rising awareness among the population about the adverse effects of syphilis, increasing adoption of rapid diagnostic tests in various clinical settings and technological advancements pertaining to several diagnostic test kits.
To gain extensive insights into the market, Request for Customization
Furthermore, dearth of knowledge among the millennials about unprotected sexual intercourse is another major factor leading to such ever-growing epidemic. Hence, the aforementioned factors will significantly boost product demand, thus augmenting business growth. Moreover, favorable government campaigns and initiatives helping create awareness about the ill effects of STD’s will further drive industry growth.
By Test Type
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry