Global At-Home Testing Kits Market is Expected to Grow with the CAGR of 5.3% in the Forecast Period of 2021 to 2028

Global At-Home Testing Kits Market is forecasted to grow with significant CAGR owing factor such as increasing consciousness and awareness among people and easy availability of self-test kits at retail pharmacies.

Simple operating process and low costs is acting as major driver for growth of at-home testing kits market.

Inaccuracy in results and strict government regulations towards the production standards and distribution of testing kits are acting as major restraint to the market.

At-home testing kits market has shown an exceptional penetration in countries such as U.S., Germany and Japan. The current ongoing COVID-19 outbreak has emerged as an opportunity to the companies for developing rapid at-home testing kits.

At-Home Testing Kits Market Scenario

According to Data Bridge Market Research, the market for at-home testing kits in North America region has the highest market share followed by Europe and Asia-Pacific. Market leader is Abbott which accounts an estimated market share of approximately 12% to 16% in the North America region. The market is witnessing continuous product launch, partnership and other strategies in the market.

For instance,

  • In December 2020, Abbott has introduced new BinaxNOW rapid test for testing COVID-19 virus at home and at very low cost and it provides results in minutes and detects the virus in the early part of the infection and disease. This new launched rapid test kit will help company to acquire more customers and increase their business.

At-Home Testing Kits MarketTrends Impacting the Market

Now the question is which other regions Abbott, Ascensia Diabetes Care Holdings AG and BD are targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific at-home testing kits market and the market leaders targeting Japan and China to be their next revenue pockets for 2021.

The at-home testing kits market is becoming more competitive every year with companies such as Abbott, Ascensia Diabetes Care Holdings AG and BD as they are the market leaders for at-home testing kits. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the at-home testing kits market.

For more analysis on the at-home testing kits market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-at-home-testing-kits-market

At-home testing kits Market Development

  • In August 2020, Ascensia Diabetes Care Holdings AG and its parent company PHC Holdings Corporation announced that they have entered into a strategic partnership with Senseonics Holdings, Inc. which is a medical technology company who are focused on development and commercialization of continuous glucose monitoring (CGM) systems. PHC Holdings Corporation has made an initial investment of USD 35.00 million. It will help the company to further improve their product offerings as well as leverage the huge customer base of Senseonics Holdings, Inc.

Scope of the At-Home Testing Kits Market

Global at-home testing kits market is segmented on the basis of countries into the U.S., Canada and Mexico, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, UAE, Saudi Arabia, Israel, Egypt and Rest of Middle East & Africa.

  • All country based analysis of at-home testing kits market is further analyzed based on further segmentation. On the basis of test type, the at-home testing kits market is segmented into pregnancy test, HIV test kit, diabetes, infectious diseases, glucose tests, ovulation predictor test kit, drug abuse test kit and other test types. On the basis of type, the at-home testing kits market is segmented into cassette, strip, midstream, test panel, dip card and other form types. On the basis of age, the at-home testing kits market is segmented into pediatric, adult and geriatric. On the basis of sample type, the at-home testing kits market has been segmented into urine, blood, saliva and other sample types. On the basis of distribution channels, the at-home testing kits market is segmented into retail pharmacies, drug store, supermarket/hypermarket and online pharmacies.

To know more about the study https://www.databridgemarketresearch.com/reports/global-at-home-testing-kits-market

Key Pointers Covered in At-Home Testing Kits Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Abbott
  • ACON Laboratories, Inc.
  • Rapikit
  • BTNX INC.
  • bioLytical Laboratories Inc.
  • OraSure Technologies, Inc.
  • BD
  • Cardinal Health
  • B. Braun Melsungen AG
  • Piramal Enterprises Ltd.
  • PRIMA Lab SA
  • Siemens Healthcare GmbH
  • Quidel Corporation
  • Bionime Corporation
  • SA Scientific
  • ARKRAY USA, Inc.
  • Everlywell, Inc.
  • Nova Biomedical
  • Eurofins Viracor, Inc.
  • SelfDiagnostics OU
  • AdvaCare Pharma
  • AccuBio Tech Co., Ltd
  • BioSure
  • Atlas Medical UK
  • TaiDoc Technology Corporation
  • LifeScan IP Holdings, LLC
  • Chembio Diagnostics, Inc.
  • Drägerwerk AG & Co. KGaA
  • F. Hoffmann-La Roche Ltd.
  • Biosynex
  • Sensing Self, PTE. Ltd
  • Atomo Diagnostics
  • RUNBIO BIOTECH CO.,LTD
  • Clearblue (A Subsidiary of Clear Blue Technologies International Inc.)
  • Sterilab Services
  • Mylan N.V. (A Subsidiary of Viatris Inc)
  • MP BIOMEDICALS
  • VedaLab
  • Shanghai Chemtron Biotech Co.Ltd
  • Ascensia Diabetes Care Holdings AG

Above are the key players covered in the report, to know about more and exhaustive list of at-home testing kits companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-at-home-testing-kits-market

Research Methodology: Global At-Home Testing kits Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Product Developers, Area Sales Managers, National Sales Managers, and Industrial Professionals among others
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Product Manager and Regulatory Affairs Managers among others.

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