Malaysia Self Testing Kit Market to be Dominated by Rising Geriatric Population through 2028
Prevalence
of chronic diseases and rising technological advancements are expected to drive
the growth of the Malaysia Self Testing Kit Market
during the forecast period.
According to TechSci
Research report, “Malaysia
Self Testing Kit Market – By Region, Competition, Forecast, and Opportunities, 2028”, the
Malaysia self testing kit market is anticipated to grow at a significant rate during
the forecast period. In recent years, Malaysia has seen a significant increase
in its geriatric population, and this demographic shift has created new
opportunities in the healthcare sector. One area that has seen particular
growth is the self-testing market, as more elderly individuals seek convenient
and accessible ways to monitor their health. This demographic trend has
significant implications for the healthcare sector, as older adults are more
likely to suffer from chronic conditions such as diabetes, hypertension, and
cardiovascular diseases.
These conditions require
ongoing monitoring and management, and self-testing devices offer a convenient
and cost-effective way for patients to do so. Self-testing devices include
blood glucose monitors, blood pressure monitors, cholesterol monitors, and
other diagnostic tools that allow patients to track their health metrics at
home. These devices are becoming increasingly sophisticated, with features such
as Bluetooth connectivity, data storage, and analysis software that can help
patients and healthcare providers make more informed decisions about their
care. The growing demand for self-testing devices is being driven not only by
the geriatric population but also by younger consumers who are becoming more
health-conscious and proactive about their wellbeing. The COVID-19 pandemic has
also contributed to the growth of the Malaysia self-testing market, as more
people seek to avoid in-person medical appointments and testing facilities.
Self testing kit techniques
are valuable tools for early detection, monitoring disease progression, and
evaluating treatment response in patients. Suh factors are likely to fuel the growth
of the Malaysia self testing kit market during the forecast period.
However, patients
receive adequate training and support in using these devices, as improper use
can lead to inaccurate results and potential harm. Additionally, there are
concerns about the quality and accuracy of some self-testing devices, and
regulatory bodies must ensure that these products meet appropriate standards
which may hamper the growth of the market during the forecast period.
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The Malaysia self
testing kit market is segmented into test type, sample,
usage, distribution channel, and region.
Based on test type, the
market is divided into blood glucose testing, pregnancy and fertility testing,
cholesterol testing, urine analysis, COVID-19 testing, and others. The blood
glucose testing segment is expected to witness growth during the forecast
period. This is attributed to the rising cases of diabetes among the population
of Malaysia due to their lifestyle changes and eating habits.
Based on sample, the
market is divided into blood, urine, and saliva/swab. The blood segment is
expected to witness growth during the forecast period. This is attributed to
the fact that most of the self-testing kits require blood as a sample for tests
such as glucose test, fecal occult blood test and hepatitis C test.
Based on usage, the
market is divided into disposable and reusable. The disposable segment is
expected to witness growth during the forecast period. This is attributed to
the cost effectiveness and better accuracy associated with disposable self
testing kits.
Based on distribution channel,
the market is divided into retail pharmacy stores, hypermarket/supermarket, and
e-commerce. The e-commerce segment is expected to witness growth during the
forecast period due to the rising use of e-commerce services as it is very appropriate
and has wide variety of brands.
Major companies
operating in the Malaysia self testing kit market are:
- Rapidtestkit
- Reszon
Diagnostics International Sdn. Bhd
- Mediven
- Accobiotech
Sdn Bhd
- Setia
Scientific Solution
- Isolab
Sdn Bhd
- Andatech
Malaysia
- NANG
HIN MEDICAL SDN BHD
- WATSONS
Malaysia
- CityMedic
Sdn Bhd
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“The Malaysia self testing
kit market is expected to witness a significant growth in the coming years due
to the growing technological advancements in healthcare services with
increasing awareness for self-testing in the nation. In Malaysia, significant
market growth will be driven by the growing population and the rising
prevalence of chronic diseases such as diabetes, hypertension, and
cardiovascular diseases. Also, growing e-commerce and rising healthcare cost
are strengthening the growth of the market, which is expected to continue through
2028,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
Malaysia Self Testing Kit Market, By Test Type (Blood Glucose Testing, Pregnancy and
Fertility Testing, Cholesterol Testing, Urine Analysis, COVID-19 Testing, and
Others), By Sample (Blood, Urine, and Saliva/Swab), By Usage (Disposable,
Reusable), By Distribution
Channel (Retail Pharmacy Stores, Hypermarket/Supermarket, and E-Commerce), By Region,
Competition, Forecast, and Opportunities, 2028 has evaluated the
future growth potential of the Malaysia self testing kit 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 the Malaysia self testing kit market.
Contact
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