The self-testing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Self-Testing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
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.
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Scope Of Self-Testing Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Self-Testing Market Overview
Market Drivers -
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.
Market Trends -
Major
companies operating in the service dispatch software market focus on
developing innovative solutions, such as Dispatch, to revolutionize
emergency services teams. Software design refers to a cutting-edge
computer-aided dispatch (CAD) product named Dispatch that aims to
enhance operational efficiency and performance in control rooms by
providing tools for better incident management. For instance, in
November 2023, NEC Software Solutions Corp., a UK-based company,
launched Dispatch, a software designed to dispatch services. It provides
the features to enhance operational efficiency, improve resource
management, optimize routes, increase service speed, reduce costs, and
ultimately elevate the overall customer experience in emergency service
dispatch operations.
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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Regional Insights -
North
America was the largest region in the self-testing market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the
forecast period. The regions covered in the self-testing market report
are Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East and Africa.
Key Companies -
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.
Table of Contents
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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