Home Testing Products Market Current Trends & Opportunities by 2024

Posted June 3, 2019 by pragya11

Home Testing Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Home testing products allow an individual to test a disease condition at home. The tests done at home are quick and confidential. Home testing can aid in detecting possible health conditions when there are no symptoms so that treatment can be started. It also lowers the chances of complications. Home tests also help monitor frequent changes in treatment and detect specific condition where there are no signs to allow immediate action. Home testing products are available for various diseases such as HIV, hepatitis, and many conditions such as pregnancy, diabetes, and cholesterol.

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The global home testing products market is anticipated to grow at a steady rate during the forecast period. Major factors driving the global home testing products market are these are quick and provide results within minutes. Additionally, home tests do not require frequent visit to physicians and laboratories, thereby making them preferable for patients across all age groups. Furthermore, growing awareness among people about home testing products for diagnosis of infectious diseases, increasing prevalence of infectious diseases, ease of use, and unhealthy lifestyle are the factors likely to propel the growth of the global home testing products market. According to the WHO, the global diabetes population will increase to 366 million by 2030. This is likely to positively impact the global home testing products market during the forecast period.

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The global home testing products market has been segmented based on application, specimen, and region. In terms of application, the global home testing product market has been divided into pregnancy and fertility, cholesterol, blood glucose, infectious diseases, and others. The blood glucose segment held the largest share of the global home testing products market driven by higher prevalence of chronic illnesses such as diabetes, increase in awareness among patients about self-testing, rise in geriatric population, and unhealthy lifestyle. The pregnancy and fertility segment is expected to witness strong growth from 2016 to 2024 due to ease of use and rapid results. Based on specimen, the global market has been segmented into blood, urine, saliva, and others.

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Issued By Pragya
Business Address State Tower,90 State Street, Suite 700
Country United States
Categories Health
Tags home testing products market
Last Updated June 3, 2019