Global Home Diagnostics Market In Europe Is Projected To Expand At A CAGR Of 4.4% From 2021 To 2031; States Fact.MR

26 Jul 2022
www.biospace.com
Collaborate
Popularity of Home Diagnostics Surging amidst COVID-19 Pandemic, Especially for Diabetes & Infections: Fact.MR Home Diagnostics Market Is Primarily Driven By The Growing Need For The Diagnostics Due To The Rising Prevalence Of Various Chronic Diseases And Growing Geriatric Population Across The Globe. Fact.MR, A Market Research And Competitive Intelligence Provider - The global home diagnostics market will expand at a healthy CAGR of around 5% through 2030. The coronavirus pandemic has led to rapid rise in the demand for home diagnostic equipment. Individuals with health issues such as diabetes and other chronic diseases are likely to be affected by Covid-19 worse than others, and, as such, need to keep their health in check to avoid any complications. The rising awareness amongst the population regarding the availability of various home diagnostic kits across the globe owing to the aggressive marketing and promotional activities of the top market players has significant contributions in the market growth. Furthermore, rising health consciousness, rising disposable income, easy availability of diagnostic kits, and rising consumer expenditure on the healthcare are the major factors behind the burgeoning demand for the home diagnostic kits across the globe. For more insights into the Market, Get A Sample of this Report! This report analyzes the current scenario and future prospects of the global home diagnostics market. Rise in demand for early disease detection and diagnosis; availability of personalized medicines; growth in prevalence of various lifestyle-associated and infectious diseases; and increase in geriatric population are key factors projected to propel the global market home diagnostics market during the forecast period. Practice of diagnostic tests at home for periodic health checkups, contagious diseases, flu, and so on has been rising over the years, due to convenience and ease of operation. Technological advancements in automatic analyzers, and advanced devices that give instantaneous results of tests, are augmenting growth of the home diagnostics market, globally. Key Takeaways from Report There has been an increase in the adoption of digital home diagnostics to improve disease diagnosis. Market players have innovatively introduced digital home diagnostics through various technologies aligned with the growth of smartphone users, which makes accessibility easier. The industry faces limitations due to compliance of strict laws laid down by regulatory bodies such as the FDA and EU, so as to keep quality and accuracy in check. Home diagnostics are yet to penetrate developing economies on a large scale. Glucose monitoring, pregnancy testing, and infection tests are the most widely used types across the world. Urine diagnosis is by far the most widely used sampling method for home diagnostic purposes. North America leads as far as demand for home diagnosis is concerned, followed by Europe. “The COVID-19 pandemic has disrupted several sectors, but has benefitted the home diagnostics market, as people are more inclined to stay indoors and self-test when possible, due to increased risk going to hospitals," says a Fact.MR analyst. For Comprehensive Insights Ask An Analyst Here Collaborative Efforts Top Manufacturers’ Priority Fact.MR finds that, the number of people suffering from hearing loss has encouraged stakeholders in the home diagnostics market to introduce advanced hearing assessment kits. Leading market players such as Quidel Corporation are setting the bar high. Roche Holding AG partnered with GE Healthcare to deliver data-driven diagnostics, which include tests that critical care patients can use at home. ARKRAY, Inc. is now in an agreement with leading diagnostics manufacturers to deliver diagnostics in the Indian healthcare system. Some of the key players in the home diagnostics market include: Abbott Laboratories ACON Laboratories Inc. BTNX Inc. ARKRAY Inc. Assure Tech (Hangzhou) co. Ltd. Becton Dickinson & Company Bionime Corporation Roche Holding AG Quidel Corporation True Diagnostics Inc. Runhe Biomedical Technology (Shantou) Co., Ltd. SA Scientific Sekisui Diagnostics LLC Shanghai Kehua Bio-engineering Co., Ltd. Siemens Healthineers TaiDoc Technology Corporation Thermo Fisher Scientific, Inc. Zoetis, Inc. who are integrating innovative technologies to further improve performance features, such as efficiency and accuracy, to gain a competitive edge in this space. By Test Type Glucose Monitoring Devices Pregnancy Test Ovulation Predictor Test Kits HIV Test Kits Cholesterol Detection Kits Infection Testing Kits Drug of Abuse Test Kits Others By Form Cassettes Midstream Instruments Strips Test Digital Monitoring Dip Cards By Distribution Channel Retail Pharmacies Drug Stores Hypermarket & Supermarkets Online Pharmacies Get Customization on this Report for Specific Research Solutions Valuable Insights into the Report Fact.MR provides a detailed overview of the home diagnostics market, concerning the pivotal drivers impacting the revenue graph of this business. Current trends are based on regional landscape, demand, and growth graph. Based on region, the market is segmented into North America, Latin America, Europe, Asia Pacific, China, and the Middle East and Africa. These markets are divided into four categories, based on test type (glucose monitoring devices, pregnancy tests, HIV test kits, ovulation predictor test kits, cholesterol detection test kits, drug of abuse test kits, and others), form (cassettes, strips, midstream, digital monitoring instruments, test panels, cups, and dip card), distribution channel (retail pharmacies, drug stores, supermarkets, and online pharmacies), and sample type (blood, saliva, and urine). Fact.MR’s Domain Knowledge in Healthcare Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions. Explore Fact.MR’s Coverage on the Healthcare Domain Cardiopulmonary Stress Testing Systems Market - Cardiopulmonary Stress Testing Systems Market By Product Type (Stress ECG, Pulse Oximeters, Single-Photon Emission Computed Tomography), By End-user (Hospitals, Specialty Clinics/Cardiology Clinics, Ambulatory Surgical Centers)- Global Market Insights 2020 to 2025 Addiction Treatment Market - Addiction Treatment Market Size, Trend Analysis & Competition Tracking By Treatment Type (Alcohol, Tobacco/Nicotine, Opioid), By Drug Type (Bupropion, Varenicline, Acamprosate, Disulfiram, Naltrexone, Methadone, Buprenorphine) - Global Market Insights 2020 to 2025 Arterial Stents Market - Arterial Stents Market By Product (Coronary Stents, Peripheral Stents), By Application (Coronary Artery, Carotid Artery, Iliac Artery, Femoral & Popliteal Artery), By By Region - Global Market Insights 2020 to 2025 Contraceptives Market - Contraceptives Market Analysis by Product Type (Contraceptive drugs [Combined Contraceptives, Mini pills, Contraceptive Injectables], Contraceptive Devices [Female Condoms, Contraceptive Diaphragms, Contraceptive Sponges, IUD]), by Distribution Channel - Global Forecast 2020-2025 Genetic Testing Services Market - Genetic Testing Services Market Analysis By Test types (Prenatal Testing, New Born Screening, Predictive and Presymptomatic Testing, Pharmacogenomic Testing), By Service providers (Hospital-based Laboratories, Diagnostic Laboratories, Specialty Clinics) & Regional Forecast 2020-2025 Fluid Management Market - Fluid Management Market By Product (Infusion Therapy Systems, Renal Systems), By Application (Urology, Cardiology, Orthopedic/Osteology, Neurology, Oncology, Gastroenterology), By End-users, By Regions - Global Market Insights 2020 – 2025 Immunoassay Market - Immunoassay Market Analysis by Technology Type (Chemiluminescence Immunoassay (CLIA), Enzyme-linked Immunosorbent Assay (ELISA), Radioimmunoassay (RIA)), by Product Type (Analyzer, Consumables), by Application Type, by End-User - Global Forecast 2022-2032 Helicobacter Pylori Non-Invasive Testing Market - Helicobacter PyloriHelicobacter Pylori (H-Pylori) Non-Invasive Testing Market Analysis, By Non-invasive Test Type (Serology Test, Stool Antigen Test, Urea Breath Test), By Test Type (Laboratory-based Tests, Point-of-Care Tests), By End-user (Hospitals, Diagnostic Labs, Clinics) - Global Market Insights 2020 to 2026 High-flow Nasal Cannula Market - High-flow Nasal Cannula Market Analysis Report By Component (Air/Oxygen Blend, Air Humidifier, Single Heated Tube, Nasal Cannula), By Application (Acute Respiratory Failure, Bronchiectasis, Sleep Apnea), By End-user, By Region - Global Insights to 2025 Orthopedic Devices Market - Orthopedic Devices Market Analysis By Product (Joint Reconstruction, Knee Replacement, Spinal Devices, Trauma Fixation, Orthopedic Prosthetics, Orthopedic Braces and Support, Orthopedic Accessories), By End-User, By Region - Global Insights to 2026 About Fact.MR Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. 80% of Fortune 1000's trusts us in critical decision making. We provide both qualitative and quantitative research, spanning market forecast, market segmentation, competitor analysis, and consumer sentiment analysis. Contact: Mahendra Singh US Sales Office 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 E: sales@factmr.com Follow Us: LinkedIn | Twitter
For more details,please visit the original website
The content of the article does not represent any opinions of Synapse and its affiliated companies. If there is any copyright infringement or error, please contact us, and we will deal with it within 24 hours.
Organizations
Indications
Targets
Drugs
Chat with Hiro
Get started for free today!
Accelerate Strategic R&D decision making with Synapse, PatSnap’s AI-powered Connected Innovation Intelligence Platform Built for Life Sciences Professionals.
Start your data trial now!
Synapse data is also accessible to external entities via APIs or data packages. Empower better decisions with the latest in pharmaceutical intelligence.