Indian Sexually Transmitted Diseases Diagnostics Market Research and Forecast
Posted by OMR Global on March 11th, 2020
Indian STD diagnostics market is growing at a CAGR of around 9.9% during the forecast period. The factors that are driving the sexual transmitted diagnostic test market include increasing prevalence of HIV/HPV infected population across the globe, rising incidences of unprotected sex, and lack of awareness regarding STDs. Moreover, various regulatory authorities have recommended sexually active men and women to have STD screening, which further accelerates the demand for STD testing in the country. Research activities are being carried out to understand the growing prevalence of STDs, particularly Syphilis, among bisexual men and MSMs. All these factors are anticipated to boost the growth of the Indian STD diagnostics market during the forecast period.
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Further, for creating awareness regarding the STDs government has started various initiatives and programs that supports the market growth. Some of the projects led by the Indian government includes the Project Sunrise and Project Nirantar. Project sunrise is responsible for improved condition of HIV in north eastern states. The project is focused on key affected populations, particularly people who inject drugs. The project began in 2016 with the central goal of providing treatment to 90% of people by 2020. It will also look to build the capacity of state-level institutions to respond to the needs of people who inject drugs and other key affected populations in order to prevent HIV and expand treatment. Thus, such initiatives are expected to provide the growth of the Indian STD diagnostics market during the forecast period.
A full Report of Indian Sexually Transmitted Diseases (STD) Diagnostics Market is Available at: https://www.omrglobal.com/industry-reports/indian-sexually-transmitted-disease-market
The companies which are contributing significantly in the Indian STD diagnostics market include Abbott Laboratories, Inc., AbbVie Inc., Becton, Dickinson and Co., Biocartis NV, Bio-Rad Laboratories, Inc., Danaher Corp., Eli Lilly and Co., F. Hoffmann-La Roche Ltd. and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Indian Sexually Transmitted Diseases (STD) Diagnostics Market Segmentation
By Disease Type
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