Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- A new report published by Transparency Market Research, titled "Diagnostic Testing of STDs Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", states that the global diagnostic testing of STDs market was valued at US$65.9 billion in 2012, and growing at a high CAGR of 8.1% in the forecast period 2013 to 2019, the market is anticipated to reach an estimated value of US$108.5 billion by the end of 2019.
Sexually Transmitted Diseases (STDs) are spread through sexual contact. Typically, STDs are caused by viruses, bacteria, and parasites and are a severe health issue that majorly affects general population in the 15-44 age group. According to the study stated in this report, around 500 million new cases of STD infections are recorded every year globally. STDs, if left undiagnosed, can develop into critical implications for maternal, reproductive, and newborn health.
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This report discusses some of the most prevalent STDs such as P&S syphilis, chlamydia, gonorrhea, genital herpes (causative agent - Herpes Simplex Virus (HSV)), chancroid, AIDS (causative agent - HIV), anal cancer, vulval/vaginal cancer, genital warts, cervical cancer, some types of oral and throat cancers (causative agent - Human Papilloma Virus (HPV)), and penal cancer. According to the research in this study, around 10%-15% of women affected with untreated chlamydia infection have high chances to develop symptomatic pelvic inflammatory disease (PID). Further untreated progression of PID cases can lead to tubal factor infertility.
HPV-caused cancer is the most common cervical cancer in women. Worldwide, HPV infection has resulted in about 500,000 cases of cervical cancer. For around 99% women affected by cervical cancer, HPV is the causative agent. Every year around 300,000 cervical cancer deaths are recorded due to HPV. HPV testing is a rapidly growing market segment that is expected to increase at a very high CAGR of over 70% during the forecast period 2013 to 2019.
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The HPV market is segmented into two types - high-risk HPV and low-risk HPV, which manifests as warts. These two types of cancer cause different forms of cancer in people. The incidence rates, prevalence, and number of cases for low-risk HPV infections primarily depend on the initial presentation of warts by the patients. The diagnostic testing for low-risk HPV cannot be a screening, whereas that of high-risk HPV includes contesting, conducted by different laboratory testing methods. In high-risk HPV diagnostic testing an additional test known as the Pap smear test is also carried out in order to determine high-risk HPV cancer cases.
Such factors and growing technologies in the diagnostic testing of STDs market are fueling high growth in the global market. The HPV testing volume market is anticipated to grow at an extremely high CAGR until the end of 2019.
At present, North America and Europe hold the highest market share in terms of diagnostic testing volume of the most prevalent STDs. These diseases include gonorrhea, chlamydia, and P&S syphilis. In addition, in terms of testing volume of viral STDs such as HSV, HIV, and chancroid many other countries in the Asia-Pacific and RoW region have also acquired a higher market share within the diagnostic testing of STDs market.
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Source:Transparency Market Research