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Canada Sexually Transmitted Disease Testing Market Size worth USD 310.5 Million in 2028

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 Testing Market, 2022-2029.Get Sample PDF Brochure: COVID-19 Impact: Decline in Demand for Sexually Transmitted Disease Testing Kits Affected Market Growth Negatively Outbreak of COVID-19 pandemic led to decrease in the cases of STDs. The market experienced a decline by -12.5% in 2020 due to decline in STDs cases. The market is expected to have a recovery due to rise in the untreated patient population of STDs. Drivers and Restraints Rising 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. Click here to get the short-term and long-term impact of COVID-19 on this market. Please visit: About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. Contact Us: Fortune Business Insights Pvt. Ltd. 9th Floor, Icon Tower, Baner – Mahalunge Road, Baner, Pune-411045, Maharashtra, India. Phone: US :+1 424 253 0390 UK : +44 2071 939123 APAC : +91 744 740 1245

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