The Canada sexually transmitted disease testing market size was valued at USD 205.9 million in 2021 and is expected to reach the valuation of USD 233.6 million in 2022. The market is expected to reach USD 310.5 million by 2029 with a CAGR of 4.1% during the forecast period. Rising cases of sexually transmitted diseases in Canada is expected to drive market growth. Increasing government initiatives to raise awareness regarding sexual health is anticipated to support market growth. Fortune Business Insights™ shares this information in its report titled “Canada Sexually Transmitted Disease TestingMarket, 2022-2029.”
Get Sample PDF Brochure:https://www.fortunebusinessinsights.com/enquiry/sample/canada-sexually-transmitted-disease-testing-market-106798Drivers and RestraintsRising Cases of STDs to Surge Demand for Testing Devices
Upsurge in the cases of STDs amongst Canadian population is anticipated to drive the Canada sexually transmitted disease testing market growth. Increasing government initiatives to launch new diagnostics kits and tests are anticipated to propel market growth. In 2020, according to the Public Health Agency of Canada (PHAC), cases for syphilis were increased to 9,126 in 2020 compared to 6,281 in 2018. There is lack of awareness regarding safe sexual intercourses and unappropriated sharing of contaminated and unclean personal objects. This had led to increase in STDs and its diagnosis. Increasing government initiatives for spreading the awareness regarding sexual health and testing are predicted to propel market development.
However, reluctance toward sexually transmitted disease testing is anticipated to hinder market development. Fear of testing positive, the stigma of being judged, and privacy concerns are expected to restrict market growth.
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