Canada Std Diagnostics Market Size & Outlook, 2023-2030
Canada std diagnostics market, 2017-2030 (US$M)
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Canada std diagnostics market highlights
- The Canada std diagnostics market generated a revenue of USD 419.8 million in 2023 and is expected to reach USD 743.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.5% 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.
Std diagnostics market data book summary
| Market revenue in 2023 | USD 419.8 million |
| Market revenue in 2030 | USD 743.8 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Consumables (reagents and kits) |
| Fastest growing segment | Consumables (Reagents and kits) |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 4.2% of the global std diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. std diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 743.8 million by 2030.
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STD Diagnostics Market Scope
STD Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 69.84% in 2023. Horizon Databook has segmented the Canada 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 incidence of STDs is also increasing in Canada due to unhealthy lifestyle and low awareness in some areas of the country. In May 2021, Health Canada announced its aim to improve screening rate of the population to identify asymptomatic population in community settings.
The use of IVD devices has been increasing in the past few years owing to increase in the prevalence of target diseases, such as HIV; rapid & early diagnosis leading to better treatment alternatives; and rise in health consciousness.
The Public Health Agency of Canada, National Molecular Microbiology Diagnostics User Group, and Canadian Public Health Association are actively involved in spreading awareness about STDs & providing crucial diagnostic support.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada std diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into Canada std diagnostics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada std diagnostics market size, by product, 2017-2030 (US$M)
Canada STD Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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