Automatic Testing Market Analysis, Industry Status, Growth Opportunities, Company Revenue and Demand Forecast 2028
Self-test market is valued at $5.96 billion in 2020 and should reach $8.11 billion by 2027 with the CAGR of 4.50% over the forecast period.
Scope of the Global Automatic Testing Market Report:
Self-test kits are used for rapid diagnosis of different diseases. In this test no need for the medical expert. Self-tests are comfortable and convenient because they can be done at any time and require a small procedure. Self-test kits are used in different conditions such as pregnancy self-test, HIV self-test, infertility self-test kits, self-test kits for STIs and others. Home screening multiplied from 1970 with the pregnancy kit. In recent years, many kinds of self-test kits are available in the market. Now these kits are simple and quick tests for ovulation. People can also monitor blood pressure as well as tests for HIV, colon cancer, hepatitis C, worsening vision, and urinary tract infections. Some products provide results immediately, while others are sample collection devices that must be mailed to a laboratory for processing. Consumers are turning to the self-test kit because it is convenient and gives quick results.
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Some of the Major Players/Manufacturers involved in the Automatic Testing Market are:
- PRIMA Lab SA.
- bioLytical Laboratories Inc.
- Self-diagnosis OR
- OraSure Technologies, Inc.
- Nectar Lifesciences Limited
- Piramale Companies
- Cardinal Health
- Geratherm Medical AG
- Johnson & Johnson
- Braun Holding GmbH
Automatic Testing Market Segmentation Analysis:
- Diagnostic kits
- Diagnostic device
- Diagnostic strips
- Cholesterol and triglyceride tests
- Diabetes and glucose tests
- Blood pressure test
- Diabetes and glucose test
- Pregnancy test
- Urinary tract infection test
- STD/STI test Fertility test
- Ovulation test Cancer test
- Transaminase test
- Thyroid test Menopause test
- Test for intolerance or celiac disease
- Allergy test
- Anemia test
- Oral swabs
Per end user
- Hospital pharmacies
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Home Diagnostics Startup Everlywell launches home coronavirus test sample kit.
March 19, 2020; Everlywell announces that a home collection kit with telehealth diagnosis for COVID-19 will be available for $139. The initial offer of 30,000 collection kits will have a significant impact on total US coronavirus testing capacity; free telehealth consultations are included for those with positive results. By working with multiple labs to scale the infrastructure, the company plans to have testing and diagnostic capacity for a quarter of a million people per week.
The growing demand for self-testing kits in hospitals is one of the major factors driving the market growth.
Rapid diagnostic tests are widely adopted for diagnosis, patient management, epidemiology, and screening and the growing preference for self-diagnosis of viral diseases are some of the key market growth drivers. Furthermore, the increase in the detection of new infectious viruses also complements the growth of the self-testing market. For example, according to the US government; approximately 37.9 million people living with HIV/AIDS worldwide in 2018. Of these, 36.2 million were adults and 1.7 million were children. However, a complex regulatory scenario regarding the approval of diagnostic tests for viral infections and lack of awareness regarding new self-tests might hamper the market growth during the forecast period. Despite this, research and development by self-testing manufacturing companies can create a number of opportunities for future market growth.
Asia-Pacific is an emerging region in the global self-test test kit market
North America held the largest self-test market share in recent years owing to an increasing number of healthcare sectors adopting these diagnostic kits to detect various infectious diseases caused by bacteria and viruses. Many people in the United States get sick and die each year from infectious diseases. The United States and Canada are the main contributors to the growth of the regional market. The North American market includes productive government regulatory support to encourage domestic private investment, which is likely to be an important driver for the growing healthcare industry in the region. Asia-Pacific is an emerging region in the self-testing market owing to the increase in population and health awareness in this region.
The Special Requirement Self Testing Market report is also available for the region below:
- Germany, France, United Kingdom, Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
- Saudi Arabia, United Arab Emirates, Egypt, South Africa, Rest of MEA
Key questions this study will answer:
- How big is the Self Testing market growth?
- What is the basic strategy for growth in the Self Testing Market?
- What is the promise of long-term growth?
- What is the promise of growth over the forecast period?
- What is the Self Testing market size?
- What are the key growth opportunities in the Self Testing market?
- What is the scope of growth in a particular country/region I’m interested in?
- What are the risks of investing in the self-test market?
- Who are the key players in the Self Testing market?
- What are the core strategies of the Autotest market key players?
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