DUBLIN, Nov. 8, 2023 /PRNewswire/ — The “Self Testing Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Test Type, By Sample, By Usage, By Distribution Channel, By Region and Competition” report has been added to ResearchAndMarkets.com’s offering.
Global Self Testing Market is expected to grow at an impressive rate to 2028
The global self-testing market is experiencing significant growth, driven by several key factors. One of the primary drivers is the convenience and accessibility offered by self-testing products. These products allow consumers to monitor their health from the comfort of their own homes, eliminating the need for frequent visits to healthcare professionals. This convenience is particularly beneficial for individuals with busy schedules, mobility challenges, or those living in remote areas.
Furthermore, the growing awareness of health and wellness worldwide has contributed to the market’s expansion. People are increasingly proactive about their health and are actively seeking ways to monitor and enhance their well-being. Self-testing products enable individuals to conveniently track various health indicators such as blood sugar levels, cholesterol levels, and blood pressure. This valuable information empowers consumers to make informed decisions about their health, promoting a proactive approach to healthcare management.
Additionally, advancements in technology have played a crucial role in enhancing the accuracy and reliability of self-testing products. These technological improvements have boosted consumer confidence in the results provided by self-testing devices, further fueling market growth.
In conclusion, the global self-testing market is thriving due to its convenience, accessibility, and alignment with the growing trend of proactive health management among consumers. Technological advancements continue to enhance the reliability of self-testing products, making them a preferred choice for individuals seeking greater control over their health monitoring.
Affordability
Self-testing products are often more cost-effective than traditional healthcare services, which has also contributed to their popularity. Consumers can save money by monitoring their health at home instead of paying for expensive medical tests or doctor’s visits. Additionally, some self-testing products are covered by insurance, which further reduces costs for consumers. This, in turn, is expected to support the demand for global self-testing market in the coming years.
Personalization
Global self-testing market has grown over the last few years due to the personalization that these products offer. Consumers can choose from a wide range of self-testing products that cater to their individual needs, such as monitoring blood sugar levels for diabetes management or tracking ovulation for fertility planning.
This personalization allows consumers to take control of their health and make informed decisions based on their unique circumstances. Additionally, the test results are also not known to anyone else except the one opting for the test, thereby supporting the growth of global self-testing market.
The self-testing kits are highly useful in fertility testing. Home testing kits can provide information on ovulation and fertility status, enabling women to plan their families and make informed decisions about their reproductive health. Fertility testing has traditionally been performed in a clinical setting, but new products have made it possible for women to test their fertility at home. This, in turn, is expected to drive the growth of global self-testing market.
Growing Prevalence of Chronic Diseases
The growing prevalence of chronic diseases such as cardiovascular diseases and diabetes is expected to support the self-testing market growth through 2028. The United States is home to the world’s third-largest diabetic population.
Around 30.3 million adults in the United States are suffering from diabetes which is almost 1 in 10 adults. The major factors contributing to cardiovascular diseases are diabetes and high cholesterol. This, in turn, is expected to increase the demand for blood glucose testing and cholesterol testing segment of global self-testing market.
Growing Adoption of Telemedicine
The growing adoption of telemedicine and remote patient monitoring increased the demand for at-home testing kits, thereby driving the growth of global self-diagnostics market.
The advent of telemedicine made patients switch to at-home diagnostics, especially in the case of patients suffering from diabetes who continuously need to monitor their blood glucose levels. Diabetic patients using at-home testing kits check their blood glucose levels at home and then consult their doctor over the phone or video call.
This, in turn, has reduced the need for patients to visit clinics and hospitals. The growing diabetic population will further support the growth of global self-testing market. According to International Diabetes Federation, as of 2021, Approximately 537 million adults (20-79 years) are living with diabetes. The total number of people living with diabetes is projected to rise to 643 million by 2030 and 783 million by 2045.
Genetic Testing
Genetic testing has also become more widely available in recent years, with companies offering tests that can provide information on a wide range of genetic traits and health risks.
These tests can be performed at home and provide consumers with personalized information on their genetic makeup. This information can be used to make informed decisions about their health and wellness, such as making lifestyle changes or seeking out medical interventions.
Genetic testing has become increasingly popular in recent years as people seek to better understand their health and ancestry. Advances in technology have made it possible for individuals to order genetic testing kits online and perform the tests in the comfort of their own homes.
These at-home genetic testing products provide people with a convenient and affordable way to learn more about their genetic makeup and potential health risks. There are many different companies that offer genetic testing kits for use at home, including 23andMe, AncestryDNA, and MyHeritage. These companies provide individuals with a simple saliva collection kit that they can use to provide a DNA sample. The samples are then sent to a laboratory for analysis, and the results are usually available within a few weeks.
The tests offered by these companies can provide a wealth of information about an individual’s genetic makeup. For example, they can identify specific genetic variants that are associated with an increased risk of certain diseases, such as Parkinson’s disease, Alzheimer’s disease, and breast cancer.
They can also provide information about an individual’s ancestry and genealogy, which can be helpful for those interested in tracing their family history. This, in turn, is expected to create new prospects for the growth of global self-testing market.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Global Self Testing Market.
- 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
Report Scope:
Self Testing Market, By Test Type:
- Blood Glucose Testing
- Pregnancy & Fertility Testing
- Cholesterol Testing
- Urine Testing
- COVID-19 Testing
- Others
Self Testing Market, By Sample:
- Blood
- Urine
- Saliva
Self-Testing Market, By Usage:
- Disposable
- Reusable
Self-Testing Market, By Distribution Channel:
- Retail Stores/Retail Pharmacies
- Hospital Pharmacies
- Hypermarket/Supermarket
- E-Commerce Channels/Online Pharmacies
Self-Testing Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
For more information about this report, visit https://www.researchandmarkets.com/r/mljgbd
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