A self-test is a way to find out if you have a certain disease that you are able to treat at home. Self-tests, vaccinations, hiding, and physical separation are all ways that people can protect themselves by making it less likely that the COVID-19 virus will spread from one person to another. You can also check for diabetes on your own by keeping an eye on your blood sugar levels. With a blood sugar test, you can find out how much sugar or glucose is in your blood. Participants in the market are focusing on different strategies, such as funding and investments, which are likely to drive market growth over the next few years. During the next few years, the global self-testing market is expected to grow as more key market players use business growth strategies like agreements, collaborations, and acquisitions. Over the next few years, the market is expected to grow as more technologically improved self-test kits are made. From 2022 to 2030, the world market for Self-Testing will grow at an average annual rate of 8.7%.
Leading Companies in the Self Testing Industry:
Becton Dickinson and Company
Becton Dickinson and Company also known as BD, is an American multinational medical technology company that manufactures and sells medical devices, instrument systems, and reagents. It was founded in 1897 and headquartered in New Jersey, United States. It operates in over 190 countries. In November 2022, BD started coming up with new ways to bring genetic tests to the homes of patients. The goal of the collaboration with Decode Health is to speed up the development of new ways to test for diseases, run clinical trials, handle chronic care, and do other things.
Abbott
Abbott is an American multinational medical devices and health care company, was founded in 1888 and headquartered in Illinois, United States. It operates in more than 160 countries. In Nov 2022, Abbott Laboratories planned to expand its home testing beyond COVID-19.
ACCESS BIO
ACCESS BIO is a company that works to avoid infectious diseases and find them early by researching, developing, and making in vitro rapid diagnostic tests, biosensors, and molecular diagnostic products. It was founded in 2001 and headquartered in New Jersey, United States. It operates in more than 120 countries.
CELLTRION INC.
CELLTRION INC. is a biopharmaceutical company, was founded in 2002 and headquartered in Incheon, South Korea. It has an operational presence in Korea, Russia, the UK and the US. In September 2021, the Department of Defense awarded Celltrion up to $626 million to supply COVID-19 Point-of-Care (POC) Rapid Antigen Test Kits.
Siemens Healthcare GmbH
Siemens Healthcare GmbH is a German medical device company, was founded in 2017 and headquartered in Erlangen, Germany. It operates in over 70 countries. In November 2022, Siemens, Labcorp, Abbott, BD, plan to expand home testing market.
ACON Laboratories Inc.
ACON Laboratories Inc. was founded in 1996 and headquartered in San Diego, California,. It operates in 130 countries.
ARKRAY, Inc
ARKRAY, Inc mission is to contribute to health and well-being of people all over the world through much advancement. It was founded in 1960 and headquartered in Japan. It operates in more than 80 countries.
F.Hoffmann-La Roche Ltd.
F.Hoffmann-La Roche Ltd. commonly known as Roche, is a Swiss multinational healthcare company, founded in 1896 and is headquartered in Basel, Switzerland. It operates in more than 150 countries.
OraSure Technologies Inc.
OraSure Technologies Inc. is a company in the medical device industry, was founded in 1988 and headquartered in Pennsylvania, United States. It operates internationally. OraSure Technologies, in May 2023, signs three new molecular partnerships to support cancer diagnostics, testing for women's health, and microbiome services.
Quest Diagnostics
Quest Diagnostics is an American clinical laboratory, was founded in 1967 and headquartered in New Jersey, United States. It operates in United States, Puerto Rico, Mexico, and Brazil. Quest also has deals with hospitals and clinics all over the world to work together. In April 2023, new transplant support services from Quest Diagnostics seek to expedite test results and provide at-home lab draws.
Bionime Corporation
Bionime Corporation is a specialized in the business of biotechnology and medical testing, was founded in 2003 and headquartered in Taiwan. It operates in more than 100 countries.
*Definition: A self-test enables the entire process to be carried out at home. A sample is taken at home, and the results are given on-site. The test kit includes instructions for interpreting the results. In most cases, self-tests yield results in less than an hour. A self-test is also known as a "home-test" or a "at-home test." These self-collection kits and tests are available by prescription or without a prescription in a pharmacy or retail store.
