Over The Counter/OTC Test Market Expected to Grow at 22.2 Billion In Revenue by 2024

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The OTC Test Market is projected to reach USD 22.2 Billion by 2024 from USD 11.9 Billion in 2018, at CAGR of 11.0% during forecast period.

Top Companies Profiled in the Over The Counter/OTC Test Market:
• OraSure Technologies (US)
• Roche Diagnostics (Switzerland)
• i-Health Lab (US)

“The infectious disease tests segment is expected to grow at the highest CAGR during the forecast period.”
The OTC Test market, by product, has been categorized into eight major segments—glucose monitoring tests, cholesterol tests, pregnancy &fertility tests, drugs-of-abuse tests, coagulation monitoring tests, urinalysis tests, infectious disease tests, and other tests. The infectious disease tests segment is estimated to grow at the highest CAGR during the forecast period. This market is majorly driven by factors such as the increasing number of HIV-infected individuals across the globe, coupled with increasing availability and awareness about HIV OTC testing in emerging markets such as India, Brazil, and China

“Asia Pacific projected to grow at the highest CAGR during the forecast period.”
In the OTC Test market, Asia Pacific is projected to record the highest growth during the forecast period. China, Japan, and India are the major markets for OTC Test in the Asia Pacific. Increasing prevalence of target conditions and infectious diseases and growing patient population base in emerging countries like India and China are expected to drive the growth of these markets during the forecast period.

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#In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the OTC Test Market.

• By Company Type: Tier 1–18%, Tier 2–39%, and Tier 3–43%
• By Designation: C-level Executives–25%, Directors–20%, and Others–55%
• By Region: North America–40%, Europe–27%, APAC–20%, and RoW–13%

Competitive Landscape of Over The Counter/OTC Test Market:
1 Overview
2 Vendor Benchmarking
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.2 Innovators
3.3 Dynamic Differentiators
3.4 Emerging Companies
4 Market Ranking Analysis, 2017
5 Competitive Situation and Trends
5.1 Product Launches
5.2 Collaborations, Partnerships, and Agreements
5.3 Acquisitions

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The report will help market leaders/new entrants in this market and provide information on the closest approximations of the revenue numbers for the overall OTC Test market and its sub segments. This report will help the stakeholders to understand the competitive landscape, to gain more insights to better position their businesses, and to plan suitable go-to-market strategies.

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This release was published on openPR.