Global Home Diagnostics Market Will Expand At A Healthy CAGR of Around 5% Through 2030

Fact.MR’s study predicts that the global home diagnostics market will expand at a healthy CAGR of around 5% through 2030.Home diagnostics is a burgeoning market, fast gaining popularity in a world battling the COVID-19 pandemic. With advanced technology arming this sector, home diagnostic kits enable users to check and monitor their health conditions in the comfort of their homes.

This includes testing blood samples, glucose levels, and cholesterol, besides others. Marketed as more confidential, cost-effective, and less time-consuming, home diagnostic kits now come with cutting-edge technology such as Artificial Intelligence (AI) and Internet of Things (IoT).

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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.

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Key Companies Profiled :

• Bionime Corporation
• Roche Holding AG
• Abbott Laboratories
• ACON Laboratories Inc.
• BTNX Inc.
• Becton Dickinson & Company
• Bionime Corporation.

Questionnaire answered in the Home Diagnostics Market report include:

• How the market for Home Diagnostics has grown?
• What is the present and future outlook of the global Home Diagnostics on the basis of region?
• What are the challenges and opportunities for the Home Diagnostics?
• Why the consumption of Home Diagnostics highest in region?
• In which year segment is expected to overtake segment?

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What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Home Diagnostics market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Home Diagnostics market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Home Diagnostics market and assists to create strategies to overcome the obstacles that may hinder the growth of the Home Diagnostics market.
• Leverage: The Home Diagnostics market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Home Diagnostics market.

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