A recent report published by Infinium Global Research on home testing kits market provides in-depth analysis of segments and sub-segments in the global as well as regional home testing kits market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional home testing kits market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global home testing kits market. According to the report, the global home testing kits market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.

Market Insight

Home testing kits are self-diagnostic kits used for diagnosis of a medical condition such as infections, diseases, hormones, abnormalities and many more. There are many types of home testing kits currently available in the market serving a purpose of self-assessment of disorder and for analysis of biological material showing the presence of significant component which gives traces of the presence of abnormality, infection or disorder in an individual. Home testing kits are simple to use and results can be easily interpreted by these kits. Home tests kits works on antigen detection, antibody detection, and chromatography. Different methods are developed for accurate results on these principles. Home testing kits are used for various purposes like yeast infections, drugs, HIV, allergies, diabetes, urinary tract infection, cholesterol, pregnancy, ovulation, infertility, and several others.

The rapid growth of infectious diseases across the globe is majorly driving the growth of the home testing kits market. The use of home testing kits provides early diagnosis of certain diseases, increasing the chances of survival. Furthermore, the growing adoption of home testing kits to reduce healthcare expenditure is another factor that is significantly promoting the growth of the market. Besides, the easy availability of kits at pharmacies and supermarkets supports the growth of home testing kits market. The demand for home testing kits is anticipated to increase across all segments of diagnosis in the near future as they are cost-effective and convenient. In addition, home testing kits are easy to use as they are handy and can be used during a commute. The growing use of technology in healthcare and increasing awareness about the testing kits is resulting in the high adoption of such kits that in turn contributes to the growth of the home testing market. Besides that, the growing acceptance of home testing kits among patients instead of laboratory diagnostic tests as it helps in maintaining ones privacy promotes the growth of the market. However, home testing kits are not high on accuracy, one cannot completely depend on these home testing kits that hampers the growth of the home testing kits market. Moreover, new technologies are anticipated to flourish the markets with new advancements and increased accuracy in home testing products.

Among the regions, North America is the dominant region in the global home testing kits market. In North America, factors such as advances in the technology of diagnostics and awareness of pre-diagnosis amongst the people are boosting to the growth of the home testing kits market. Canada and the U.S are major countries contributing to the growth in North America home testing kits market. Europe holds the second largest share owing to the rising adoption of home testing kits to balance healthcare budgets and restrain spending. Asia Pacific region is anticipated to hold a significant share over the forecast period as home testing kits are used being adopted due to increasing awareness about home testing kits, ongoing advancements in research and development and increasing buyer power of the consumers.

Segment Covered

The report on global home testing kits market covers segments such as test type, form type, and sample type. On the basis of test type, the sub-markets include pregnancy test, HIV test kit, ovulation predictor test kit, drug abuse test kit, and other test types. On the basis of form type, the sub-markets include cassette, strip, midstream, and other form types. On the basis of sample type, the sub-markets include urine, blood, saliva, and other sample types.

Companies Profiled:

The report provides profiles of the companies in the market such as Abbott Laboratories, ACON Laboratories Inc., Becton Dickinson & Company, BTNX Inc., Danaher Corporation, Medtronic plc, Quidel Corporation, Roche Holding AG, Siemens Healthineers, and True Diagnostics Inc.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of home testing kits market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.