Home Care Testing Market – By Product Type (Strip, Cassette, Test Panel, Midstream, Dip Card), Test Type (Infectious Disease, Diabetes & Glucose, HIV Pregnancy, Cholesterol & Triglycerides, UTI), Sample (Blood), Distribution Channel & Forecast, 2024 - 2032
Report ID: GMI10201
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Published Date: July 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 17
Tables & Figures: 151
Countries covered: 23
Pages: 100
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Home Care Testing Market Size
Home care testing market size was valued at around USD 10.9 billion in 2023 and is estimated to grow at 6.8% CAGR from 2024 to 2032. The rising prevalence of chronic diseases such as diabetes, cardiovascular diseases, and respiratory disorders is a significant driver for the growth of the market.
For instance, according to the International Diabetes Federation, the global prevalence of diabetes in 2021 was estimated to be 10.5%, affecting approximately 536 million adults. With chronic conditions requiring regular monitoring, patients are increasingly turning to home care testing solutions for convenience and timely management of their health. These at-home tests offer a practical alternative to frequent visits to healthcare facilities, reducing healthcare costs and improving patient compliance.
Home care testing refers to a range of medical tests and diagnostic procedures that individuals can perform at home, rather than in a clinical setting. These tests are designed to be user-friendly, allowing individuals to monitor various health parameters and manage chronic conditions conveniently and efficiently.
Home Care Testing Market Trends
Recent technological advancements in home care testing are revolutionizing patient monitoring and health management, driving increased demand and usage.
Home Care Testing Market Analysis
Based on product type, the market is categorized into strip, cassette, test panel, midstream, dip card, and other product types. The strip segment dominated the market, with a revenue share of around 25.8% in 2023.
Based on test type, the home care testing market is categorized into infectious disease, diabetes & glucose, HIV, pregnancy, cholesterol & triglycerides, urinary tract infection, and other test types. The infectious disease segment is anticipated to witness highest growth with USD 5.2 billion in 2032.
Based on sample, the home care testing market is categorized into blood, urine, saliva, and other samples. The blood segment dominated the market, with a revenue share of 40.7% in 2023.
Based on distribution channel, the home care testing market is categorized into retail pharmacies, hospital pharmacies, online pharmacies and other distribution channel. The retail pharmacies segment dominated the market, with a revenue share of around 39.1% in 2023.
North America home care testing market accounted for USD 4.9 billion revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
U.S. home care testing market holds a dominant position with the market share of 93.8% in 2023.
Germany home care testing market is expected to grow significantly during the forecast period.
China home care testing market is anticipated to witness a high growth rate from 2024-2032, due to several factors.
Home Care Testing Market Share
The home care testing industry is competitive in nature, with various large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel home care products with improved efficiency and cost-effectiveness are key market strategies for home care testing product manufacturers, driving competition and innovation in the industry. This emphasis on innovation aims to address evolving clinical needs and enhance patient outcomes, positioning companies to gain market share and meet the growing demand for novel home care testing.
Home Care Testing Market Companies
Some of the eminent market participants operating in the home care testing industry include:
Home Care Testing Industry News:
Home care testing market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032 for the following segments:
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Market, By Product Type
Market, By Test Type
Market, By Sample
Market, By Distribution Channel
The above information is provided for the following regions and countries: