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Self-testing Market Size

Report ID: GMI7669
Published Date: Dec 2023
Report Format: PDF

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Self-testing Market Size

Self-testing Market was valued at around USD 15 billion in 2023 and is estimated to expand at 6.7% CAGR from 2024 to 2032. Preventive healthcare, rise in chronic diseases, aging population, convenience and accessibility offered by self-testing kits are some of the key factors fueling the market growth. The growing emphasis on preventive healthcare encourages individuals to monitor their health regularly, driving the demand for self-testing as a proactive approach to well-being.

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Additionally, the trend towards personalized medicine, including genetic testing and tailored health recommendations, contributes to the popularity of self-testing for obtaining individualized health insights. For instance, in July 2023, Quest Diagnostics launched 'Genetic Insights', its first consumer-initiated genetic test. These tests will be made available to users through company's consumer health portal questhealth.com. Moreover, the rise of e-commerce and digital health platforms facilitates the easy distribution and accessibility of self-testing kits, making it more convenient for consumers to purchase and use these products.

Self-testing refers to the process of individuals conducting diagnostic or screening tests on themselves without the direct involvement of healthcare professionals. This practice allows individuals to monitor various aspects of their health, wellness, or specific medical conditions using self-administered testing kits or devices.

Self-testing Market Report Attributes
Report Attribute	Details
Base Year:	2023
Self-testing Market Size in 2023:	USD 15 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.7%
2032 Value Projection:	USD 27.2 Billion
Historical Data for:	2018 to 2023
No. of Pages:	280
Tables, Charts & Figures:	468
Segments covered:	Product Type, Sample Type, Usage, Application, Test Type, Distribution Channel, and Region
Growth Drivers:	Development of technologically advanced self-test kits Growing adoption and easy availability of self-testing kits Rising awareness of preventive healthcare Increasing prevalence of chronic diseases
Pitfalls & Challenges:	Lack of accuracy and reliability Affordability and complexity issues associated with tests

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Self-testing industry size was USD 15 billion in 2023 and is estimated to reach over USD 27.2 billion by 2032 due to the rise in chronic diseases and the rapidly aging population.

Self-testing industry size from the kits product type segment was valued at USD 6.4 billion in 2023 owing to their growing adoption to cater to a wide range of tests and health parameters.

North America self-testing industry size was USD 4.8 billion in 2023 and is predicted to witness substantial growth up to 2032 owing to the growing emphasis on consumer empowerment in healthcare.

Few of the major self-testing firms include F. Hoffmann-La Roche Ltd., Piramal Enterprises Ltd., Becton, Dickinson and Company, PRIMA Lab SA, B. Braun Melsungen AG, Alere Inc., Cardinal Health, and Quidel Corporation.