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Home Care Testing Market Trends

  • Report ID: GMI10201
  • Published Date: Jul 2024
  • Report Format: PDF

Home Care Testing Market Trends

Recent technological advancements in home care testing are revolutionizing patient monitoring and health management, driving increased demand and usage.
 

  • Innovations such as digital health platforms, wearable medical devices, and mobile apps enable real-time health monitoring and data sharing with healthcare providers, enhancing patient care and management. These technologies provide greater accuracy and convenience, making home testing more reliable and accessible.
     
  • For instance, continuous glucose monitors (CGMs) offer real-time blood sugar readings and integrate seamlessly with smartphones. These self-monitoring blood glucose devices allowing users to track their levels and receive alerts instantly.
     
  • Similarly, at-home diagnostic kits for COVID-19, equipped with smartphone apps, provide quick and accurate results, reducing the need for lab visits and ensuring timely intervention.
     
  • Additionally, the development of smart home healthcare devices by leveraging advanced technologies such as artificial intelligence (AI) and machine learning to provide more accurate and personalized health insights.
     
  • For instance, smart blood pressure monitors with AI-driven algorithms, not only measure blood pressure but also analyze trends and provide health recommendations based on the user's historical data.
     
  • Additionally, electrocardiogram devices can detect irregular heart rhythms and other cardiac issues, sending detailed reports directly to healthcare providers for immediate review and action. These innovations are enhancing the efficacy and user experience of home care testing, making it a vital component of modern healthcare.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Home care testing market size was valued at USD 10.9 billion in 2023 and is estimated to grow at 6.8% CAGR from 2024 to 2032, driven by the rising prevalence of chronic diseases.

The strip segment held a 25.8% revenue share in 2023 and will grow rapidly through 2032, owing to its versatility.

North America home care testing market size was USD 4.9 billion in 2023 and is predicted to witness substantial market growth through 2032, driven by the increasing incidence of chronic diseases, such as diabetes, hypertension, and cardiovascular conditions.

Chembio Diagnostics, Inc, F. Hoffmann-La Roche Ltd., LifeScan IP Holdings, LLC, MP BIOMEDICALS, Nova Biomedical, OraSure Technologies, Inc., Quidel Corp, SA Scientific Ltd, Siemens Healthcare GmbH, and Sterilab Services among others.

Home Care Testing Market Scope

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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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