At-Home Testing Market Growing Technology, Advancement, Specifications, Share Statistics, Growth Feasibility 2030

Published: 2024-06-14
Views: 34
Author: Shitalmax
Published in: Arts & Entertainment

Anticipated Growth in Revenue:

The At-Home Testing market is poised for substantial growth in the coming years, driven by increasing consumer demand for convenient healthcare solutions and advancements in technology. In 2023, the market size was valued at USD 12.73 billion, with projections indicating a robust CAGR of 8.2% from 2024 to 2030. By the end of the forecast period, the market is expected to reach nearly USD 22.10 billion in revenue.

At-Home Testing Market Overview:

At-Home Testing refers to medical diagnostic tests conducted by individuals in the comfort and privacy of their homes. These tests eliminate the need for clinic visits, providing convenience and quick results. The market encompasses various types of tests, including pregnancy tests, infectious disease tests, cholesterol tests, and genetic tests, among others. Advancements in technology, coupled with increasing awareness regarding preventive healthcare, are key factors propelling market growth.

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Report Scope and Research Methodology

This report provides a comprehensive analysis of the At-Home Testing market, focusing on current trends, market dynamics, competitive landscape, and future growth prospects. The research methodology employed includes primary and secondary research sources, ensuring reliability and accuracy of the data gathered. Primary research involved interviews with key industry stakeholders, while secondary research utilized industry databases, company websites, and annual reports.

Dynamics

The At-Home Testing market dynamics are driven by several factors, including:

1. Increasing Demand for Convenience: Consumers prefer at-home testing due to its convenience and time-saving benefits, especially for routine health monitoring.

2. Technological Advancements: Innovations such as smartphone-connected testing devices and remote monitoring solutions are enhancing the accessibility and accuracy of at-home tests.

3. Rising Awareness and Healthcare Expenditure: Growing awareness about early disease detection and rising healthcare expenditure are boosting market adoption.

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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

At-Home Testing Market Regional Insight

North America currently dominates the At-Home Testing market, driven by high healthcare expenditure, technological advancements, and a proactive approach to personal health management. However, the Asia Pacific region is expected to witness the fastest growth during the forecast period, fueled by increasing disposable incomes, rising healthcare awareness, and expanding access to healthcare infrastructure.

Some of the current players in the At-Home Testing Market 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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Key Offerings:

• Past Market Size and Competitive Landscape
• At-Home Testing Market Size, Share, Size & Forecast by different segment 
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• At-Home Testing Market Segmentation – A detailed analysis by Product
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations 

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