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Home Care Testing Market Size
- Report ID: GMI10201
- Published Date: Jul 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Home Care Testing Market Size in 2023: | USD 10.9 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 6.8% |
| 2032 Value Projection: | USD 20.1 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 151 |
| Segments covered: | Product Type, Test Type, Sample, Distribution Channel and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Home Care Testing Market Scope
