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Self-Testing Market Opportunities, Analysis And Forecast 2024-2033

07-05-2024 12:45 PM CET | Health & Medicine

Press release from: The Business research company

Self-Testing Market

Self-Testing Market

The new report published by The Business Research Company, titled ""Self-Testing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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

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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.

Contents of the report:
1. Executive Summary
2. Self-Testing Market Report Structure
3. Self-Testing Market Trends And Strategies
4. Self-Testing Market - Macro Economic Scenario
5. Self-Testing Market Size And Growth
…..
27. Self-Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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https://www.thebusinessresearchcompany.com/report/self-testing-global-market-report

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Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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