Global At-Home Molecular Testing Industry is expected to surpass the US$ 18.1 Billion by 2033 at a CAGR of 5.9%, according to FMI

At-Home Molecular Testing Industry
At-Home Molecular Testing Industry

In 2023, the global at-home molecular testing industry demand is expected to be worth US$ 10.2 billion. The market is expected to reach US$ 18.1 billion by 2033, expanding at a 5.9% CAGR throughout the forecast period. The market has seen a significant expansion of test offerings beyond traditional genetic testing. At-home testing kits now cover a wide range of health conditions and concerns, including hormone levels, fertility, food sensitivities, STIs, cholesterol levels, vitamin deficiencies, and more. This diversification allows individuals to gain insights into various aspects of their health and well-being.

The COVID-19 pandemic has had a transformative impact on the at-home testing kits market. The demand for accessible and convenient COVID-19 testing options surged during the pandemic phase, leading to the rapid development and availability of at-home COVID-19 testing kits. At-home kits typically involve self-administered nasal or saliva sample collection, and they provide results that individuals can interpret at home. Moreover, genetic testing continues to be a prominent trend in the at-home testing kits market. Consumers are increasingly interested in understanding their genetic predispositions to certain diseases, traits, and ancestry. Genetic testing kits offer insights into family history, disease risk factors, carrier status for genetic disorders, and pharmaco-genomic information to guide medication selection.

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The regulatory landscape for at-home testing kits is evolving, with regulatory bodies like the FDA playing a critical role in ensuring safety, accuracy, and reliability. Stricter regulations and increased scrutiny are being applied to ensure the quality of at-home testing kits, which can foster consumer confidence and promote market growth. These factors highlight the increasing consumer demand for accessible, personalized, and convenient healthcare solutions.

Key Takeaways from the At-home Molecular Testing Market:

  • The at-home molecular testing industry in the United States is predicted to reach US$ 5.6 billion by 2033, increasing at a 7.2% CAGR.
  • The at-home molecular testing industry in the United Kingdom is estimated to reach a market size of US$ 689.1 million, expanding at a CAGR of 6.8% by 2033.
  • During the forecast period, the at-home molecular testing industry in China is expected to reach a market value of US$ 1.3 billion, securing a 5.1% CAGR.
  • The at-home molecular testing industry in Japan is predicted to reach US$ 1.12 billion by 2033, increasing at a 5.8% CAGR.
  • South Korea’s at-home molecular testing industry is predicted to achieve a market value of US$ 253.9 million, rising at a 3.6% CAGR during the forecast period.
  • With a CAGR of 6.7% from 2023 to 2033, the cassettes segment is expected to dominate the at-home molecular testing industry.
  • With a CAGR of 6.7% from 2023 to 2033, the infectious diseases such as are expected to dominate the at-home molecular testing industry.
  • With a CAGR of 5.5% from 2023 to 2033, the blood sample is expected to dominate the at-home molecular testing industry.
  • With a CAGR of 6.2% from 2023 to 2033, the drug stores are expected to dominate the at-home molecular testing industry.

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How Does the Competition Look in the At-home Molecular Testing Market?

The market for at-home molecular testing is quite competitive, with numerous companies vying for market share. Several significant participants in this industry comprise

  1. Abbott
  2. ACON Laboratories, Inc.
  3. Rapikit
  4. Becton and Dickinson
  5. Cardinal Health
  6. B. Braun Melsungen AG
  7. Piramal Enterprises Ltd.
  8. Siemens Healthcare GmbH
  9. Quidel Corporation
  10. Bionime Corporation
  11. SA Scientific
  12. ARKRAY USA, Inc.
  13. Nova Biomedical
  14. AdvaCare Pharma
  15. AccuBioTech Co., Ltd.
  16. Atlas Medical UK
  17. TaiDoc Technology Corporation
  18. Drägerwerk AG & Co. KGaA
  19. F. Hoffmann-La Roche Ltd
  20. Sensing Self
  21. PTE. Ltd
  22. Atomo Diagnostics
  23. Mankind Pharma

The main corporations are investing extensively in R&D projects to develop inventive and creative products with improved reliability, efficacy, and cost. In order to meet changing consumer expectations, they are also concentrating on extending their product portfolio and bolstering their distribution strategies.

Industry-wide, tactical alliances and partnerships with other businesses are more frequent, enabling parties to capitalise on one another’s advantages and increase their market power.

Leading companies employ mergers and consolidation to expand into new markets and improve their market share. In emerging markets, particularly in China and India, the sector is rapidly growing.

To boost their presence in these regions, major companies are expanding their distribution networks and building regional manufacturing sites. They are also concentrating on offering cost-effective solutions to customers in these markets in order to get a competitive advantage.

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Segmentation Analysis of the At-home Molecular Testing Market:

By Product:

  • Cassettes
  • Strips
  • Test Panels
  • Dip Cards
  • Midstreams
  • Others

By Test Type:

  • Pregnancy Tests
  • HIV Tests
  • Diabetes
  • Infectious Diseases
  • Glucose Tests
  • Ovulation Predictor Tests
  • Drug Abuse Tests
  • Others

By Sample Type:

  • Urine
  • Blood
  • Saliva
  • Others

By Distribution Channel:

  • Retail Pharmacies
  • Drug Stores
  • Supermarkets/Hypermarkets
  • Online Pharmacies

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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