Self-Testing Market Size, Share, Trend Analysis, Segmentation And Forecast To 2033

The self-testing market size has grown strongly in recent years. It will grow from $13.90 billion in 2023 to $15.28 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to educational reform movements, scientific inquiry and the enlightenment, industrial revolution, healthcare and preventive medicine, psychometric testing and personality assessment.

The self-testing market size is expected to see rapid growth in the next few years. It will grow to $22.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to advancements in personalized medicine, rise of telehealth and remote monitoring, growing demand for mental health support, expansion of wearable health tech. Major trends in the forecast period include point-of-care testing, blockchain-enabled data security, personalized wellness ecosystems, biohacking and quantified self movements.

Market Overview -
Self-testing refers to the practice of individuals testing themselves for a particular medical condition or characteristic using diagnostic tools or kits without the direct involvement of a healthcare professional. These tests allow individuals to monitor their health status, screen for specific conditions, or manage chronic diseases at home, offering benefits such as convenience, privacy, and empowerment for patients.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=14792&type=smp

Increasing Prevalence of Chronic Diseases Fueling Growth In Self-Testing
The increasing prevalence of chronic diseases is expected to propel the growth of the self-testing market going forward. Chronic diseases refer to long-lasting medical conditions that generally progress slowly and persist over an extended period. This disease arises because of demographic changes, lifestyle habits, environmental factors, and advancements in healthcare. Self-testing is leveraged in chronic diseases to actively manage their health, improve adherence to treatment plans, and facilitate early detection of any complications or changes in their condition. For instance, in January 2023, according to the report published by the National Library of Medicine, the US-based medical library, by 2050, there will be 142.66 million people with at least one chronic illness, a 99.5% rise from 71.522 million in 2020. Therefore, the increasing prevalence of chronic diseases is driving the growth of the self-testing market.

Competitive Landscape -
Major companies operating in the self-testing market are Roche Diagnostics, Thermo Fisher Scientific Inc, Abbott Laboratories, Siemens Healthineers, Becton Dickinson and Company, Hologic Inc., PerkinElmer, BioMérieux, Sysmex Corporation, Bio-Rad Laboratories, Quidel Corporation, Cepheid, OraSure Technologies, Meridian Bioscience Inc., Ancestry.com DNA LLC, 23andMe Inc., MyHeritage Ltd., iHealth Labs Inc., Everly Health Inc., Helix OpCo LLC, BioIQ Inc., Veritas Intercontinental Inc., Pathway Genomics Corporation, Vitagene Inc., Orig3n Inc.

Revolutionizing Diagnostic Testing with Innovative Self-Sampling Kits
Major companies operating in the self-testing market are focusing on developing innovative solutions, such as Cervicheck self-sampling kits, to provide greater convenience, accessibility, and accuracy for users. This medical device allows individuals to collect biological samples, such as blood, saliva, urine, or tissue, for diagnostic testing or analysis. For instance, in April 2023, Pragmatech Healthcare Solutions, an India-based biotechnology company, launched Cervicheck, a self-testing kit for screening women for the human papillomavirus (HPV), a significant cause of cervical cancer cases. This kit allows women to collect samples in the privacy of their homes, addressing issues related to late detection due to reluctance to undergo sample collection at hospitals or clinics. Additionally, it features self-sampling and point-of-care detection. Also, this kit is a significant step towards empowering women to detect cervical cancer early, aiming to reduce mortality rates and the burden associated with late-stage cancer detection.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/self-testing-global-market-report

Key Segments -
The self-testing market covered in this report is segmented -
1) By Product: Kits, Devices, Strips
2) By Sample Type: Blood, Urine, Stool, Other Sample Types
3) By Distribution Channel: Online, Offline
4) By Application: Blood Glucose Testing, Pregnancy And Fertility Testing, Cancer Testing, Drug Abuse Testing, Sexually Transmitted Disease Or Sexually Transmitted Infection Testing, Cholesterol Testing, HIV Testing, Thyroid Testing, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.