The at-home testing market is experiencing significant growth, reaching a value of USD 12.73 billion in 2023. This trend is poised to continue, with market revenue expected to climb at a compound annual growth rate (CAGR) of 8.2% between 2024 and 2030.
At-Home Testing Market Overview:
The At-Home Testing Market across various sectors are experiencing a period of mixed performance. While some areas, like equities, have seen broad growth, others, like emerging market bonds, have lagged behind. This trend suggests a cautious optimism, where investors are finding opportunities but remain aware of potential risks. Understanding these dynamics is crucial for navigating the At-Home Testing market landscape.
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At-Home Testing Market Scope:
At-Home Testing Market scope refers to the size and characteristics of the potential audience for a specific product or service. It encompasses various factors like demographics, purchasing habits, and geographic location. Understanding market scope is crucial for businesses to develop targeted marketing strategies, identify competitor landscape, and assess the overall demand for their offerings. A well-defined market scope allows businesses to allocate resources efficiently and maximize their chances of success.
At-Home Testing Market Drivers:
The self-testing market is booming thanks to a surge in funding. This money is coming from a variety of sources, including public and private organizations as well as industry players. This investment is leading to the development of more innovative, reliable, and user-friendly self-testing kits. These kits are now readily available at pharmacies and online retailers, making it easier than ever for people to test themselves for a variety of health conditions.
At-Home Testing Market Segmentation:
by Product
Kits
Devices
Strips
by Sample
Blood
Urine
Stool
by Application
Blood Pressure Test
Diabetes and Glucose Tests
Cholesterol and Triglycerides Tests
Pregnancy Test
STD /STI Test
Urinary Tract Infection Test
Cancer Test
Celiac disease Test
Thyroid Test
Transaminase Test
Anemia Test
Allergy Test
by End-User
Retail Pharmacies
Hospital Pharmacies
Online Pharmacies
Key Players: the key players are
1. BD (Becton, Dickinson and Company) (U.S.)
2. LifeScan IP Holdings, LLC (U.S.)
3. Abbott (U.S.)
4. ACON Laboratories, Inc. (U.S.)
5. Quidel Corporation (U.S.)
6. ARKRAY USA, Inc. (U.S.)
7. Nova Biomedical (U.S.)
8. Cardinal Health (U.S.)
9. OraSure Technologies (U.S.)
10. Everlywell, Inc. (U.S.)
11. SA Scientific Ltd. (U.S.)
12. MP BIOMEDICALS (U.S.)
13. Chembio Diagnostics, Inc. (U.S.)
14. BTNX INC. (Canada)
15. Biolytical Laboratories Inc. (Canada)
16. Siemens Healthcare GmbH (Germany)
17. Drägerwerk AG & Co. KGaA (Germany)
18. F. Hoffmann-La Roche Ltd (Switzerland)
19. Ascensia Diabetes Care Holdings AG (Switzerland)
20. PRIMA Lab SA (Switzerland)
21. BioSure (U.K.)
22. Sterilab Services (France)
23. Biosynex (France)
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At-Home Testing Market Regional Analysis:
The U.S. self-testing market is particularly strong, driven by factors like high diabetes and HIV rates, along with a growing preference for at-home testing options like pregnancy kits. However, regulations and registration processes can create hurdles for bringing new tests to market. This is despite the increasing presence of major players in the DNA testing space and innovative companies offering comprehensive at-home health experiences.
The report has assessed the global At-Home Testing market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
Key Questions answered in the At-Home Testing Market Report are:
- What is the current size of the global At-Home Testing Market?
- What are the key factors driving the growth of the At-Home Testing Market?
- Who are the major players in the At-Home Testing market?
- What are the potential future opportunities for growth in the At-Home Testing market?
- What are the factors that could restrain the growth of the market?
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