Home Diagnostics Market To Grow USD 7.95 Billion by 2027 |Nova one advisor
The global Home Diagnostics market gathered revenue around USD 5.10 Billion in 2020 and market is set to grow USD 7.95 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 4.0% during the prediction period 2021 to 2027.
Home diagnostics, also referred to as at-home diagnostics, enables patients or users to conduct different types of tests directly at home. These test kits are usually used to track a current health condition, diagnose a previously undiagnosed medical issue, or provide information on personal health traits. These tests play an important role in the ongoing attempts to improve people's engagement in their healthcare. It is critical that the results are accurate and easily accessible to end users.
The prevalence of various lifestyle-associated and infectious diseases such as obesity, hypertension, diabetes, STD, and the recent outbreak of COVID-19 pandemic has boosted the demand for home diagnostics. This is likely to further augment the demand for home diagnostics laboratory testing for early diagnosis. Cancer is a leading cause of death across the world. Majority of cancer cases are caused due to lifestyle-related factors. Various home diagnostic test kits are available to detect health and lifestyle-related diseases. Rise in demand for early disease detection & diagnosis and availability of personalized medicines are anticipated to drive the global home diagnostics market. Furthermore, increase in geriatric population that is vulnerable to chronic illnesses is driving the demand for home diagnostics.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Home Diagnostics market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Home Diagnostics market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Home Diagnostics market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Home Diagnostics Market: Regional Outlook
In terms of region, the global home diagnostics market has been split into North America (U.S. and Canada), Europe (U.K., Germany, Spain, Italy, France, Switzerland, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). Each region considered in the market has been divided into countries/sub-regions.
The home diagnostics market report provides size and forecast for each region and country/sub-region from 2017 to 2027. The CAGR for each of these regions and countries has also been provided for the forecast period from 2021 to 2027. The home diagnostics market study also covers the competitive scenario across the globe.
| Report Highlights | Details |
| Market Size | US$ 7.95 Billion by 2027 |
| Growth Rate | CAGR of 4.0% From 2021 to 2027 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2027 |
| Segments Covered | Type,Sample Type,Distribution Channel |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | SelfDiagnostics, F. Hoffmann-La Roche Ltd., Trinity Biotech Plc, Bionime Corporation, ARKRAY, Inc., ACON Laboratories, Inc., Assure Tech.(Hangzhou) Co., LTD., Abbott, Becton Dickinson & Company, and Quidel Corporation |
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Home Diagnostics Market include: SelfDiagnostics, F. Hoffmann-La Roche Ltd., Trinity Biotech Plc, Bionime Corporation, ARKRAY, Inc., ACON Laboratories, Inc., Assure Tech.(Hangzhou) Co., LTD., Abbott, Becton Dickinson & Company, and Quidel Corporation.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Home Diagnostics Market: Segmentation
Home Diagnostics Market, by Type
Home Diagnostics Market, by Sample Type
Home Diagnostics Market, by Distribution Channel
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Home Diagnostics market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Home Diagnostics market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Home Diagnostics markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Home Diagnostics market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Home Diagnostics Market, By Type
7.1. Home Diagnostics Market, by Type, 2021-2027
7.1.1. Glucose Monitoring
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Cholesterol Detection
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Cholesterol Detection
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Allergies & Intolerances
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Infectious Disease Testing
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Fertility, Ovulation & Sexual Health
7.1.6.1. Market Revenue and Forecast (2016-2027)
7.1.7. Drug Abuse Testing
7.1.7.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Home Diagnostics Market, By Sample Type
8.1. Home Diagnostics Market, by Sample Type, 2021-2027
8.1.1. Blood
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Urine
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Home Diagnostics Market, By Distribution Channel
9.1. Home Diagnostics Market, by Distribution Channel, 2021-2027
9.1.1. Retail
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Online
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 10.Global Home Diagnostics Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.1.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.2.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.3.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.4.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.5.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Sample Type (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Distribution Channel (2016-2027)
Chapter 11. Company Profiles
11.1. SelfDiagnostics
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. F. Hoffmann-La Roche Ltd.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Trinity Biotech Plc
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Trinity Biotech Plc
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. ARKRAY, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. ACON Laboratories, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. ACON Laboratories, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Abbott, Becton Dickinson & Company
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Quidel Corporation
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers