Asia Pacific Std Diagnostics Market Size & Outlook
Asia Pacific std diagnostics market, 2017-2030 (US$M)
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Asia Pacific std diagnostics market highlights
- The Asia Pacific std diagnostics market generated a revenue of USD 2,177.4 million in 2023.
- The market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, consumables (reagents and kits) was the largest revenue generating product in 2023.
- Consumables (Reagents and kits) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,177.4 million |
| Market revenue in 2030 | USD 3,825.9 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Consumables (reagents and kits) |
| Fastest growing segment | Consumables (Reagents and kits) |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments & Services, Consumables (Reagents and kits), Softwares |
| Key market players worldwide | BD, Roche, Hologic Inc, Abbott Laboratories, Danaher Corp, Qiagen NV, OraSure Technologies Inc, Bio-Rad Laboratories Inc, BioMerieux SA, Thermo Fisher Scientific Inc, Seegene, Diasorin SpA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.0% of the global std diagnostics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,825.9 million by 2030.
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STD Diagnostics Market Scope
STD Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific std diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to std diagnostics market will help companies and investors design strategic landscapes.
Consumables (reagents and kits) was the largest segment with a revenue share of 69.87% in 2023. Horizon Databook has segmented the Asia Pacific std diagnostics market based on instruments & services, consumables (reagents and kits), softwares covering the revenue growth of each sub-segment from 2017 to 2030.
The STD diagnostics market in Asia Pacific is driven by increasing emphasis on preventive healthcare and improving economy . Increase in pro-health initiatives, rise in adoption of better technologies, and increase in consumer awareness are among factors driving market growth in this region.
In addition, rising incidence of STDs, increasing demand for cost-effective diagnostics, and growing population are significantly contributing to market growth. Asia Pacific markets such as China, Australia, Korea, and Taiwan already have a healthcare reimbursement system that provides coverage for in vitro diagnostic tests.
Presence of untapped opportunities in the form of unmet medical needs, increasing initiatives for scientific research, and positive economic growth are some of the primary growth drivers of this market.
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Our clientele includes a mix of std diagnostics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific std diagnostics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific std diagnostics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific std diagnostics market size, by country, 2017-2030 (US$M)
Asia Pacific STD Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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