The Global At-Home Testing Kits Market is experiencing substantial growth as consumers increasingly embrace the convenience and accessibility of testing at home. At-home testing kits offer various medical, diagnostic, and wellness tests, empowering individuals to monitor their health without visiting a healthcare facility. These user-friendly kits provide accurate results and reduce the need for in-person consultations. With the growing focus on preventive healthcare and the COVID-19 pandemic driving demand for self-testing, the market is poised for further expansion and a positive impact on global public health.
According to Data Bridge Market Research, the global at-home testing kits market will grow at a CAGR of 6.1% during the forecast period of 2022 to 2029.
“Rising demand for preventive healthcare surge market demand"
The rising demand for preventive healthcare is driven by growing awareness and the recognition of the importance of early detection and monitoring of health conditions. At-home testing kits offer a convenient and accessible solution for individuals to proactively take charge of their health. By conducting tests at home, people can regularly monitor their health status and detect potential health issues early, leading to timely interventions and improved health outcomes. This emphasis on prevention and proactive health management has increased the adoption of at-home testing kits as a valuable tool in preventive healthcare strategies.
What restraints the growth of the global at-home testing kits market?
“Lack of healthcare professional guidance can impede the market growth”
The lack of healthcare professional guidance in at-home testing can be a significant challenge. Unlike in-person consultations, where healthcare professionals interpret test results and provide personalized advice, at-home testing may not offer the same expertise. This could lead to potential misinterpretation of results by individuals without medical training. Furthermore, without timely guidance from healthcare professionals, there is a risk of delayed medical attention for any abnormal findings, which could impact the timely management of health conditions and the overall effectiveness of the testing process.
Segmentation: Global At-Home Testing Kits Market
The at-home testing kits market is segmented on the basis of test type, type, age, sample type, usage, and distribution channels
- On the basis of test type, the global 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 others.
- On the basis of type, the global at-home testing kits market is segmented into cassette, strip, midstream, test panel, dip card, and others.
- On the basis of age, the global at-home testing kits market is segmented into pediatric, adult, and geriatric.
- On the basis of sample type, the global at-home testing kits market is segmented into urine, blood, saliva, and others.
- On the basis of usage, the global at-home testing kits market is segmented into disposable and reusable
- On the basis of distribution channels, the global at-home testing kits market is segmented into retail pharmacies, drug store, supermarket/hypermarket, and online pharmacies.
Regional Insights: North America dominates the Global At-Home Testing Kits Market
North America's dominance in the global at-home testing kits market is attributed to its substantial market share and revenue, a trend expected to continue in the forecast period. The region's high healthcare expenditure enables the widespread adoption of at-home testing kits. Additionally, increasing awareness among the population about the benefits and convenience of at-home testing contributes to the market's growth. As consumers seek convenient and accessible healthcare solutions, North America will likely maintain its dominant position in the at-home testing kits market.
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Recent Developments in Global At-Home Testing Kits Market
- In 2021, Atomo Diagnostics and Viatris agreed to support Unitaid’s quest to expand access to HIV self-testing in Low and Middle-Income Countries (LMIC). Unitaid’s expansion program will support the supply of up to one million HIV self-tests, with commitments to make testing available in 135 countries. This will help the company to increase its global presence in the market.
- In 2021, ACON Laboratories, Inc., announced that its Flowflex COVID-19 Antigen Home Test had been authorized for emergency use by the U.S. Food and Drug Administration. This will help the company increase its global market presence and expand its product portfolio.
The Prominent Key Players Operating in the Global At-Home Testing Kits Market Include:
- Abbott (U.S.)
- ACON Laboratories, Inc. (U.S.)
- Rapikit (Malaysia)
- BD (Becton, Dickinson and Company) (U.S.)
- Cardinal Health (U.S.)
- B. Braun Melsungen AG (Germany)
- Piramal Enterprises Ltd. (India)
- Siemens Healthcare GmbH (Germany)
- Quidel Corporation (U.S.)
- Bionime Corporation (Taiwan)
- SA Scientific (U.S.)
- ARKRAY U.S., Inc. (U.S.)
- Nova Biomedical (U.S.)
- AdvaCare Pharma (U.S.)
- AccuBioTech Co., Ltd. (China)
- Atlas Medical UK (United Kingdom)
- TaiDoc Technology Corporation (Taiwan)
- Drägerwerk AG & Co. KGaA (Germany)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Sensing Self, PTE. Ltd (Singapore)
- Atomo Diagnostics (Australia)
- RUNBIO BIOTECH CO.,LTD. (China)
- Mylan N.V. (a subsidiary of Viatris, Inc.) (U.S.)
- MP BIOMEDICALS (U.S.)
- VedaLab (France)
- Shanghai Chemtron Biotech Co. Ltd. (China)
- Ascensia Diabetes Care Holdings AG (Switzerland)
Above are the key players covered in the report, to know about more and exhaustive list of global at-home testing kits market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global At-Home Testing Kits Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. 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, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
