The global over the counter test market was valued at USD 13.24 billion in 2019 and is expected to grow at a CAGR of 11.2% over the forecast period.
Dallas, United States - October 29, 2020 /MarketersMedia/ —
Over the Counter Test Market: Soaring Adoption across Diabetic Patients to Boost Growth
Over the counter tests refer to accessible test kits required to carry out the tests without prescription and complex medical settings or medical personnel intervention. Rising preferences for home tests amongst health-conscious individuals and patient pools, complemented by supportive government initiatives are pushing in ample growth thrust in over the counter test market. Adroit Market Research takes a detailed tour of the prevalent market conditions and associated growth factors that result in high growth thrust.
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Some of the Important and Key Players of the Global Over the Counter Test Market:
Roche Diagnostics, Abbott Laboratories, Orasure Technologies, Accubiotech, LIA Diagnostics, Labstyle Innovations, Biolytical Laboratories, Health Lab, Nowdiagnostics Company, Sinocare
Understanding of the prevalent conditions allow market players to design and implement requisite business plants and futuristic business decisions, backing long term profit and sustainable revenue pools.
Wide scale availability of the products in local chemist and medical shops encourage high thrust adoption, reflecting in market expansion. High prevalence of medical conditions such as increased incidents of infectious diseases, or chronic disorders such as diabetes and high BP which require periodic monitoring, encourages larger adoption, thus favoring steady growth in global over the counter test market.
Over the Counter Test Market Segmentation
Technology Overview, 2018-2028 (USD Billion)
Lateral Flow Assays
Immunoassays and Dipsticks
Product Overview, 2018-2028 (USD Billion)
Glucose Monitoring Tests
Pregnancy & Fertility Tests
Coagulation Monitoring Tests
Urinalysis Tests
Cholesterol Tests
Drugs-Of-Abuse Tests
Others
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Additionally, advances in early detection of pregnancy for superlative medical outcome further invigorate growth scope for over the counter tests market. In the coming years, this particular segment is likely to witness maximum expansion in the coming years.
In recent years, leading manufacturers are also offering novel over the counter tests for new infectious diseases such as HIV . this is likely to be supported by FDA recommendations and approvals. However, the segment is at a very nascent stage and further developments are to be supported by innovative technologies and acceptance by patient pools.
Besides the dominance of matured countries, over the counter tests market is significantly shaped by emerging opportunities in APAC, which is adequately supported by increasing patient pools, growing instances of infectious diseases, and health consciousness.
Some Major Points from Table of Contents:
1. Research Methodology
2. Market Size Estimation Methodology
3. Forecasting Methodology
4. Global Over the Counter Test Market Revenue Share by Technology, 2020 & 2028 (%)
5. Global Over the Counter Test Market Size and Projections for Lateral Flow Assays, 2018-2028 (USD Billion)
6. Global Over the Counter Test Market Size and Projections for Immunoassays, 2018-2028 (USD Billion)
7. Global Over the Counter Test Market Size and Projections for Dipsticks, 2018-2028 (USD Billion)
8. Global Over the Counter Test Market Revenue Share by product, 2020 & 2028 (%)
9. Global Over the Counter Test Market Size and Projections for Glucose Monitoring Tests, 2018-2028 (USD Billion)
10. Global Over the Counter Test Market Size and Projections for Pregnancy & Fertility Tests, 2018-2028 (USD Billion)
11. Global Over the Counter Test Market Size and Projections for Infectious Disease Test, 2018-2028 (USD Billion)
12. Global Over the Counter Test Market Size and Projections for Coagulation Monitoring Tests, 2018-2028 (USD Billion)
13. Global Over the Counter Test Market Size and Projections for Urinalysis Tests, 2018-2028 (USD Billion)
14. Global Over the Counter Test Market Size and Projections for Cholesterol Tests, 2018-2028 (USD Billion)
15. Global Over the Counter Test Market Size and Projections for Drugs-of-abuse Test, 2018-2028 (USD Billion)
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About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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