Syphilis Testing Market - Top Impacting Factors That Could Escalate Rapid Growth During 2020-2030

 Allied Market Research recently published a report, titled, "Syphilis Testing Market by By Type (Primary & Secondary Syphilis, Others), by Location of Testing (Laboratory testing, Point of care (POC) testing): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global syphilis testing industry was pegged at $1.1 billion in 2020, and is expected to reach $1.9 billion by 2030, growing at a CAGR of 5.6% from 2021 to 2030.

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COVID-19 scenario-

  • The outbreak of the Covid-19 pandemic negatively impacted the global syphilis testing market. This is owing to decrease in the number of patient visits to hospitals and clinics for testing, as a result of the suspension of various elective procedures and outpatient visits, which reduced the demand for syphilis tests.
  • Between March 2019 and May 2020, the Syphilis testing rate fell by 64%.

Major Key market players –

  • Becton Dickinson And Company
  • Hologic, Inc.
  • Cepheid Inc.
  • DiaSorin
  • Abbott Laboratories
  • Bio-Rad Laboratories
  • Beckman Coulter Inc
  • F. Hoffmann-La Roche
  • Affymetrix, Inc
  • Siemens healthcare

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Lab testing segment takes lion share in 2020 -

Based on testing trends, the laboratory testing segment captured the lion's share in 2020, contributing more than four-fifths of the global syphilis testing market, and is expected to maintain its lead during the forecast period. . However, the point-of-care (POC) testing segment is expected to witness the highest CAGR of 6.8% by 2030, which results in an increase in syphilis infections, cost-effective laboratories, and privacy for clinical use and hospital.

North America, leading in revenue -

By region, North America won the largest share in 2020, contributing more than one-third of the global syphilis testing market and is expected to dominate the market during the forecast period. However, the LAMEA region is expected to grow at the fastest CAGR of 6.2% through 2030.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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