Pregnancy & Fertility Testing to dominate the Self Testing Market through 2028
Global Self Testing Market to be driven
by the increasing healthcare awareness among the population during the forecast
period.
According to TechSci Research report, “Self
Testing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028F”, Global
Self Testing Market is anticipated to grow at an impressive rate in the
forecast period, 2024-2028. The global self testing market is driven by
factors such as the rising prevalence of chronic diseases, the growing aging
population, increasing awareness about self testing, and the increasing availability
of over-the-counter (OTC) testing kits. Global self testing market is a rapidly
growing industry that provides consumers with convenient and cost-effective
ways to monitor their health from the comfort of their own homes. Self testing
devices have gained popularity in recent years due to the increasing prevalence
of chronic diseases such as diabetes, cardiovascular diseases, and respiratory
disorders, which require frequent monitoring.
Additionally, the sudden outbreak and
spread of pandemic COVID-19 has led to a surge in demand for self-testing
products, thereby driving the growth of self testing market. In response,
numerous companies have developed rapid antigen and antibody tests that can be
performed at home. These tests allow consumers to quickly and easily determine
if they have been infected with the virus, enabling them to take appropriate
measures to protect themselves and others. Furthermore, wearable devices, such
as fitness trackers and smartwatches, have become increasingly popular in
recent years. These devices can track a wide range of health indicators,
including heart rate, sleep quality, and physical activity. Newer devices are
also incorporating additional features, such as blood pressure monitoring and
electrocardiogram (ECG) measurements, making them even more useful for self testing
purposes. This in turn is expected to create lucrative opportunities for the
growth of global self testing market.
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However, one of the biggest challenges
associated with self-testing is accuracy. While many self-tests are reliable,
there is always the risk of false positives or false negatives. This can lead
to unnecessary stress or missed diagnoses. To ensure accuracy, it is important
to follow the instructions provided with the test carefully and to consult with
a healthcare professional if there are any concerns. This in turn is expected
to hamper the growth of global self testing market. Another challenge with
self-testing is quality control. Self-tests are often produced by a range of
manufacturers, and there is no guarantee that all tests meet the same quality
standards. This can lead to variability in the accuracy and reliability of
self-tests, which can have serious consequences for patients. To address this
challenge, regulatory bodies such as the FDA closely monitor the development
and production of self-tests to ensure that they meet certain quality
standards. This in turn is expected to slow down the growth of global self-testing
market.
Global Self
Testing Market can be segmented by test type, by sample, by usage, by distribution
channel, and by region. Based on test type, the global self testing market can
be categorized into blood glucose testing, pregnancy & fertility testing,
cholesterol testing, urine testing, covid-19 testing, and others. The pregnancy
& fertility testing is expected to dominate the market through 2028 owing
to the fact that these kits help women in managing their reproductive health by
tracking ovulation and fertility status.
The blood glucose testing segment is expected
to witness the highest growth during the forecast period. This can be
attributed to the growing prevalence of diabetes.
By usage, global self testing market can be segmented into disposable
and reusable. Disposable kits hold a larger share in the patient at home
testing kit market and will continue to grow in the forecast period. The reason
for the uninterrupted demand for disposable kit will directly depend on their
consumer behavior. Most of the self- diagnostic tests, which primarily include
sources like saliva/swab, urine analysis, require disposable kits. Moreover,
increasing awareness regarding health and hygiene after COVID-19 outbreak is
one of the leading factor to use disposable kits, only to prevent the further
spread of infection. Diagnostic tests done by reusable kits are disease
specific and require more attention while handling as compared to disposable
kits, thereby supporting the growth of global self testing market.
Major companies operating in the Global Self
Testing Market are:
- Lucira
Health, Inc.
- Essenlix
Corporation
- Abbott
Laboratories, Inc.
- Quidel
Corporation
- ACON
Laboratories, Inc.
- Scanwell
Health, Inc.
- Johnson
& Johnson
- Geratherm
Medical AG
- B.
Braun Holding GmbH
- OraSure
Technologies, Inc.
- bioLytical
Laboratories Inc.
- Bionime
Corporation
- Becton,
Dickinson & Company
- PRIMA
Lab SA
- F.
Hoffmann-La Roche AG
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“Global self-testing market has grown rapidly in recent years, driven by
factors such as convenience and accessibility, increasing awareness of health
and wellness, technological advances, cost-effectiveness, and personalization.
As the global self testing market continues to grow, it is likely that the
market will see even more innovative self-testing products that enable consumers
to monitor their health and wellness in new and exciting ways.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
Self Testing Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Test Type
(Blood Glucose Testing, Pregnancy & Fertility Testing, Cholesterol Testing,
Urine Testing, COVID-19 Testing, Others), By Sample (Blood, Urine, Saliva), By
Usage (Disposable v/s Reusable), By Distribution Channel (Retail Stores/Retail
Pharmacies, Hospital Pharmacies, Hypermarket/Supermarket, E-Commerce
Channels/Online Pharmacies), By Region and Competition”, has evaluated the future growth potential of Global Self
Testing Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Self Testing Market.
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