New York, United States , Nov. 06, 2023 (GLOBE NEWSWIRE) -- The Global Home Care Testing Market Size is expected to reach USD 20.49 Billion by 2032, at a CAGR of 9.2% during the forecast period 2023 to 2032.
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Home care testing refers to medical tests and diagnostic procedures that can be conducted by individuals in the comfort of their homes. It provides convenience and accessibility to various health assessments. Test kits are typically used for self-administration, allowing individuals to collect samples like blood or urine and send them for laboratory analysis. Common home care tests include pregnancy tests, blood glucose monitoring for diabetes, cholesterol checks, and genetic testing. Home care testing enables individuals to monitor their health, detect diseases early, and make informed decisions. However, it's crucial to consult healthcare professionals for accurate interpretation and guidance based on test results.
Browse key industry insights spread across 200 pages with 130 market data tables and figures & charts from the report on the "Global Home Care Testing Market Size, Share, and COVID-19 Impact Analysis, By Product (Strip, Cassette, Test Panel, Midstream, Dip Card, and Others), By Age (Pediatric, Adult, and Geriatric), By Sample (Urine, Saliva, Blood, and Others), By Test Type (HIV Test Kit, Diabetes & Glucose Tests, Cholesterol & Triglycerides Tests, Pregnancy Tests, Infectious Diseases Tests, Urinary Tract Infection Tests, and Others), By Distribution Channel (Retail Pharmacies, Supermarket/Hypermarket, and Online Pharmacies), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032."
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The online pharmacies segment is expected to grow at a CAGR of around 8.7% during the forecast period
Based on the distribution channel, the global home care testing market is segmented into retail pharmacies, supermarket/hypermarket, and online pharmacies. The online pharmacies segment is expected to experience significant growth in the forecast period for several reasons. Increasing internet penetration, convenience, and the growing trend of e-commerce have led to a rise in online purchases of healthcare products, including home testing kits. Online pharmacies offer a wide range of products, easy ordering processes, and doorstep delivery, making them an attractive option for consumers seeking home care testing solutions. Moreover, the COVID-19 pandemic has further accelerated the adoption of online pharmacies as people prefer contactless transactions. These factors are expected to drive the growth of the online pharmacies segment in the forecast period.
The infectious disease test segment held the largest market share with more than 18.50% in 2022.
Based on the test type, the global home care testing market is segmented into HIV test kit, diabetes & glucose tests, cholesterol & triglycerides tests, pregnancy tests, infectious diseases tests, urinary tract infection tests, and others. The infectious disease test segment has experienced significant market growth due to the ongoing COVID-19 pandemic has heightened the global focus on infectious diseases and the importance of early detection and monitoring. This increased awareness and demand for testing have driven the growth of infectious disease tests. Furthermore, the development of rapid and accurate diagnostic tests for infectious diseases, including COVID-19, has fueled market expansion. The implementation of public health measures and the need for effective disease surveillance have also contributed to the rising demand for infectious disease testing.
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North America dominated the market with more than 32.65% revenue share in 2022.
North America has emerged as a dominant player in the Home Care Testing market, holding the largest share for several reasons, the region benefits from a well-developed healthcare infrastructure and advanced technology, which supports the growth of home care testing. The high healthcare expenditure in North America allows for significant investment in research and development, leading to the development of innovative and reliable home testing kits. Moreover, the region has a strong emphasis on patient-centric care and consumer empowerment, with a growing demand for convenient and accessible healthcare options. Additionally, the prevalence of chronic diseases, such as diabetes, obesity, and cardiovascular conditions, in North America drives the need for regular monitoring and testing, which further fuels the demand for home care testing. Furthermore, favorable reimbursement policies and insurance coverage for home testing in some countries within North America contribute to its market dominance in the industry.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Some of the major players in the global home care testing market include Abbott, BD, Quidel Corp., BioSure, F. Hoffmann-La Roche Ltd., Nova Biomedical, Siemens Healthcare GmbH, ACON Laboratories, Inc., OraSure Technologies, Inc., and Chembio Diagnostics, Inc.Others.
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Recent Development
- In January 2023, In response to the COVID-19 epidemic, the National Institutes of Health (NIH) started a pilot project called Home Test to Treat. In order to assist patients, manage their symptoms and provide them advice on how to effectively care for themselves when they are alone, the programme seeks to offer patients at-home COVID-19 testing kits and telemedicine services.
- In February 2023, R.R. Donnelley & Sons Company (RRD) recognized the increasing demand for at-home testing and expanded its diagnostic test kit solution accordingly. By doing so, RRD aims to cater to the growing market need for convenient and accessible diagnostic solutions that can be used in the comfort of one's home. This expansion allows RRD to provide customers with reliable and user-friendly test kits, helping individuals monitor their health and detect diseases early while enjoying the benefits of at-home testing.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global home care testing market based on the below-mentioned segments:
Home Care Testing Market, By Product
- Strip
- Cassette
- Test Panel
- Midstream
- Dip Card
- Others
Home Care Testing Market, By Age
- Pediatric
- Adult
- Geriatric
Home Care Testing Market, By Sample
- Urine
- Saliva
- Blood
- Others
Home Care Testing Market, By Test Type
- HIV Test Kit
- Diabetes & Glucose Tests
- Cholesterol & Triglycerides Tests
- Pregnancy Tests
- Infectious Diseases Tests
- Urinary Tract Infection Tests
- Others
Home Care Testing Market, By Distribution Channel
- Retail Pharmacies
- Supermarket/Hypermarket
- Online Pharmacies
Home Care Testing Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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