"Rising Demand for Point-of-Care Testing Drives Over-The-Counter (OTC) Test Market Growth During COVID-19 Pandemic"

𝑻𝒉𝒆 𝑪𝑶𝑽𝑰𝑫-19 𝒐𝒖𝒕𝒃𝒓𝒆𝒂𝒌 𝒊𝒔 𝒂𝒏𝒕𝒊𝒄𝒊𝒑𝒂𝒕𝒆𝒅 𝒕𝒐 𝒉𝒂𝒗𝒆 𝒂 𝒑𝒐𝒔𝒊𝒕𝒊𝒗𝒆 𝒊𝒎𝒑𝒂𝒄𝒕 𝒐𝒏 𝒕𝒉𝒆 𝒈𝒓𝒐𝒘𝒕𝒉 𝒐𝒇 𝒕𝒉𝒆 𝒈𝒍𝒐𝒃𝒂𝒍 𝒐𝒗𝒆𝒓-𝒕𝒉𝒆-𝒄𝒐𝒖𝒏𝒕𝒆𝒓 𝒕𝒆𝒔𝒕 𝒎𝒂𝒓𝒌𝒆𝒕. 𝑻𝒉𝒆 𝑪𝑶𝑽𝑰𝑫-19 𝒑𝒂𝒏𝒅𝒆𝒎𝒊𝒄 𝒉𝒂𝒔 𝒔𝒕𝒓𝒆𝒔𝒔𝒆𝒅 𝒕𝒉𝒆 𝒉𝒆𝒂𝒍𝒕𝒉𝒄𝒂𝒓𝒆 𝒔𝒚𝒔𝒕𝒆𝒎𝒔 𝒊𝒏 𝒕𝒉𝒆 𝒘𝒐𝒓𝒍𝒅 𝒂𝒏𝒅 𝒊𝒏𝒄𝒓𝒆𝒂𝒔𝒆𝒅 𝒕𝒉𝒆 𝒏𝒆𝒆𝒅 𝒇𝒐𝒓 𝒕𝒉𝒆 𝒅𝒆𝒗𝒆𝒍𝒐𝒑𝒎𝒆𝒏𝒕 𝒐𝒇 𝒂𝒅𝒗𝒂𝒏𝒄𝒆𝒅 𝒂𝒕-𝒉𝒐𝒎𝒆 𝒐𝒗𝒆𝒓-𝒕𝒉𝒆-𝒄𝒐𝒖𝒏𝒕𝒆𝒓 𝒕𝒆𝒔𝒕𝒊𝒏𝒈 𝒑𝒓𝒐𝒅𝒖𝒄𝒕. 𝑰𝒏𝒄𝒓𝒆𝒂𝒔𝒆 𝒊𝒏 𝒕𝒉𝒆 𝒔𝒑𝒓𝒆𝒂𝒅 𝒐𝒇 𝑪𝑶𝑽𝑰𝑫-19 𝒊𝒏𝒇𝒆𝒄𝒕𝒊𝒐𝒏 𝒔𝒖𝒓𝒈𝒆𝒅 𝒕𝒉𝒆 𝒅𝒆𝒎𝒂𝒏𝒅 𝒇𝒐𝒓 𝒐𝒗𝒆𝒓-𝒕𝒉𝒆-𝒄𝒐𝒖𝒏𝒕𝒆𝒓 𝑪𝑶𝑽𝑰𝑫-19 𝒕𝒆𝒔𝒕 𝒌𝒊𝒕.

Over-the-counter (OTC) test market size was valued at $13,498.50 million in 2020, and is estimated to reach $39,937.90 million by 2030, growing at a CAGR of 11.7% from 2021 to 2030. An over-the-counter (OTC) test is a medical test or diagnostic tool that can be purchased without a prescription and used at home by the patient. OTC tests are typically simple and easy to use, and they can provide quick results.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐚𝐭 https://www.alliedmarketresearch.com/request-sample/10830

There are many different types of OTC tests available, including pregnancy tests, HIV tests, home cholesterol tests, and home blood pressure monitors. OTC tests can be a convenient way for individuals to monitor their health or check for certain conditions without needing to make a doctor's appointment or visit a laboratory.

However, it's important to note that OTC tests are not always accurate or reliable. It's always a good idea to follow up with a healthcare provider if you receive an abnormal or unexpected test result. Additionally, OTC tests should not be used as a substitute for regular medical check-ups and screenings.

The COVID-19 pandemic has led to a surge in demand for point-of-care testing and has also led to the approval of over-the-counter (OTC) and point-of-care (POC) testing for COVID-19. This has contributed to the growth of the OTC test market. The availability of OTC and POC test products for COVID-19, such as Abbott BinaxNOW COVID-19 Ag self-test, Quidel QuickVue at-home over-the-counter COVID-19 test, and BD Veritor System, has enabled the detection and screening of respiratory infections in schools, workplaces, and communities.

Furthermore, the rise in the geriatric population has also fueled the growth of the OTC market. This is because older individuals are more susceptible to chronic and infectious diseases, which can be detected and monitored using OTC tests. For instance, pneumococcal pneumonia is a common respiratory infection among older individuals, and the U.S. Food and Drug Administration (FDA) has reported that around 300,000 individuals aged 50 and above are diagnosed with this disease every year. OTC tests can help detect and monitor such diseases, leading to increased demand for these products.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.alliedmarketresearch.com/purchase-enquiry/10830

Key Market Segments
By Product Type
• Glucose Monitoring Test
o Blood Glucose Meters
o Testing Strips
o Lancets
• Pregnancy & Fertility Test
o Pregnancy Test
o Fertility Test
• Coagulation Monitoring Test
• Urinalysis Test
• Cholesterol Test
• Other Test
By Technology
• Lateral Flow Assays
• Immunoassays
• Dipsticks
By Distribution Channel
• Hospital Pharmacy
• Retail Pharmacy
• Online pharmacy

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

1. Abbott Laboratories
2. Abingdon Health PLC
3. AccuBioTech Co., Ltd.
4. Acon Laboratories Inc.
5. B. Braun Melsungen AG
6. Becton Dickinson and Company
7. Clip Health
8. Dario Health Corp
9. Ellume Health Ltd
10. Eurofins Scientific Group
11. F. Hoffmann-La Roche AG
12. Lia Diagnostics Inc
13. Lifescan IP Holdings, LLC
14. Lucira Health, Inc
15. Now Diagnostics Inc
16. Orasure Technologies Inc
17. PHC Holdings Corporation
18. Quidel Corporation
19. SD Biosensor Inc.
20. Sinocare Inc.

𝐅𝐑𝐄𝐐𝐔𝐄𝐍𝐓𝐋𝐘 𝐀𝐒𝐊𝐄𝐃 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍𝐒?

1. What are Over-The-Counter (OTC) tests?
2. What are the different types of OTC tests available in the market?
3. How accurate and reliable are OTC tests?
4. How do OTC tests differ from diagnostic tests conducted in laboratories or hospitals?
5. What factors are driving the growth of the OTC test market?
6. What are some of the key players operating in the OTC test market?
7. What are some of the challenges faced by the OTC test market, and how are they being addressed?
8. What impact has the COVID-19 pandemic had on the OTC test market?
9. What is the market size and growth potential for the OTC test market?
10. What are the regulatory requirements for OTC tests, and how are they evolving?

𝐁𝐮𝐲 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐎𝐯𝐞𝐫 𝐓𝐡𝐞 𝐂𝐨𝐮𝐧𝐭𝐞𝐫 (𝐎𝐓𝐂) 𝐓𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 https://www.alliedmarketresearch.com/checkout-final/b4becb29e1c482e59edb8c042d51c9e8

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