This Self Testing market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Self Testing market.
Self-tests are apparatuses that aid in rapid diagnosis of various conditions and diseases. No medical expert is required for diagnosis of conditions and diseases using self-tests, thus avoiding the waiting time and consultation fees until developing confidence about the positive result of the test. Self-tests are comfortable and convenient as they can be taken at any time and require a small procedure. Moreover, they are reasonably cheap. Most of the self-testing kits are easily available at retail pharmacies, drug stores, departmental stores and also on e-commerce. Some of the various advantage of self-tests are: fertility self-test, ovulation self-test, menopause self-test, pregnancy self-tests aid in family planning and scheduling. Early detection of dangerous diseases or allergies is possible with the help of STD/STI self-tests, intolerance self-tests and cancer-tests. Individuals suffering from diabetes or on low sugar diet are assisted by Diabetes and Glucose self-tests. HIV self-test market has witnessed enormous growth upon the FDA approval of the product in 2012.
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Demand for easy and reliable kits and devices for self-testing is driving the concerned market. This demands is escalated owing to the quick generation of results and as well as the achievement of privacy. Easy availability and advertising strategies are also factors influencing the expansion of the concerned market. Increasing awareness about healthcare and associated disease as well as government and non-profit organization’s encouragement further propel the growth of self-testing market. In spite of the various advantages, self-tests are not always correct, in fact they may product completely wrong reason. Also, they cannot be substituted by professional expert but just used to check for symptoms which eventually results in visiting for an expert consultation. Lack of high accuracy or incorrect result generation creates a restrain for expansion of the concerned market.
Self-testing Market: Overview
The global self-test market has witnessed enormous growth due to increasing demand for quick and easy diagnosis methods. Increasing adoption and utilization of self-tests for early diagnosis is luring manufacturers in the market. Easy availability of product through retail pharmacies or online pharmacies is encouraging the manufacturers to enter into agreement with supply and distribution chains to establishment global footprint and enter untapped markets. By application, the market is segmented for diabetes and glucose, ovulation, pregnancy and fertility as well as self-tests for infections and allergies have been in the market for a while. However, HIV self-test, cancer self-tests are emerging in the market since a few years. With the technological advances, self-test market is expected to further boost during the forecast period.
Self-testing Market: Regional Outlook
Geographically, the dermatome device market has been segmented into eight regions: North-America, Asia- Pacific excluding China & Japan, China, Japan, Western Europe, Eastern Europe, Latin America and Middle-East & Africa. North America is the most lucrative Self-testing market due to higher product penetration and greater patient adoptions. Europe is expected to be second most lucrative market due high purchasing power, high adoption rate and greater healthcare expenditure. Latin America market is expected to witness steady growth due to improving treatment seeking rate as well as increasing adoption of self-test kits. Asia-Pacific is regarded as emerging market due emerging economies such as India and China coupled with manufacturing of cost effective self-test kits and devices. Middle East and Africa show sluggish growth as the awareness about the products is low among the population and lack of manufacturers of the product due to low growth of medical healthcare system as compared to other regions.
Self-testing Market: Key Players
Some of the global key participants operating in the concerned market are: PRIMA Lab SA., bioLytical Laboratories Inc., SelfDiagnostics OÜ, OraSure Technologies, Inc, Nectar Lifesciences Limited, Piramal Enterprises, Cardinal Health, Accuquik, Geratherm Medical AG, Johnson & Johnson, B. Braun Holding GmbH and others
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Indication
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia-Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, South Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Self-testing Market: Segmentation
Global self-testing market is segmented on the basis of product type, usage, application, sample, and end user,
By product type, the market is segmented as:
- Diagnostic kits
- Diagnostic device
- Diagnostic strips
By usage, the market is segmented as:
- Disposable
- Reusable
By application, the market is segmented as:
- Cholesterol and Triglycerides 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
- Intolerance or Celiac disease Test
- Allergy Test
- Anemia Test
By sample, the market is segmented as:
- Urine
- Blood
- Saliva
- Stools
- Vaginal swab
- Semen
- Oral swab
By end user, the market is segmented as:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Drugstore
- e-commerce
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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What will you discover from Self Testing Market report?
- The current and future market size, covering each aspect and nuanced trends across key national and geographic markets
- An overview of the market report, providing an imperative visual of the varied market subdivisions and overall forecast statistics in terms of value and volume
- Extensive database and key dynamics elevating the market with varied verticals associated
- Underlying Self Testing Market forces that are compelling consumers or businesses to purchase the product
- How novel technologies and consumer-centric innovations will create new value-adding opportunities for companies active in the Self Testing Market
- What will be environment and regulatory impacts on the market over the next decade
Which framework has been used to develop the Self Testing Market report?
- Investment Feasibility Matrix - It shows returns on investment, level of competition, success rate of investment, and potential risks associated with the market. The analysis shows that the competition is high in the established market, while the returns for short-term investment are also taken into consideration
- Relative Maturity Mapping – The relative maturity is measured according to three growth phases (growth, maturity, decline)
- Relative PLC (Product Life Cycle) – Analysis of the emergence of prominent players and competitive test prices which are driving factors behind every market. (expected market behavior, observed market behavior, expected market performance, observed market performance)