Home based testing allows individuals to take various health conditions at home. These tests are quick and confidential. Among many tests, blood test is said to be most simplest diagnosis methos which can determine various malfunctioning of human bodily systems.
Recently, when covid-10 hit the entire world, home blood testing products held a very important role in these changing times of increased accessibility and independence. Home based blood tests eliminated danger of cross-infection and prevented susceptible population visiting hospital even for a simple blood test could be counter-productive and can put them at a high risk
The global Home Blood Test Product market is expected to grow at a moderate rate during the forecast period. The growing prevalence of global incidences of oncological conditions, blood sugar levels , heart conditions, cholesterol levels, among others highlight the growing importance of blood tests requirements. Making this trend one the major factor driving the growth of market. However, less amount of awareness for various home based blood testing products can be a major factor that hinders the growth of this market.
Covid-19 Impact on Home Blood Test Product Market:
In addition, the current Home Blood Test Product Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Home Blood Test Product Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Home Blood Test Product Market Segment Overview
Depending on the product Type, the global Home Blood Test Product market is classified into Blood Glucose Test Strips, Cholesterol Test Strips, HDL Test Strips, Triglyceride Test Strips And Other. Among these, the Cholesterol Test Strips segment is expected to witness high growth during the forecast period. The growth is attributed to the fact that cardiovascular diseases are the leading cause of death globally.
Based on application, the global Home Blood Test Product market is classified into Retail Pharmacy, Online Pharmacy, And Hospital. Among these, the Retail Pharmacy is expected to witness high growth during the forecast.
Market Analysis, Insights and Forecast – By Product Type
· Blood Glucose Test Strips
· Cholesterol Test Strips
· HDL Test Strips
· Triglyceride Test Strips
· Other
Market Analysis, Insights, and Forecast – By Application
· Retail Pharmacy
· Online Pharmacy
· Hospital
Home Blood Test Product Market Regional Overview
The global Home Blood Test Product market is segmented into North America, Europe, Asia-Pacific, and LAMEA. By region, North America accounted for largest market share in 2020, in the global Home Blood Test Product market. The high market share is attributed owning to the presence of the advanced healthcare system and growing elderly population. On the other hand, Asia Pacific is expected to grow with the highest CAGR over the forecast period. South Asia and East Asia are forecasted to be lucrative market for the global home blood testing products market mainly due growing awareness and affordability for healthcare in the regional population.
Home Blood Test Product Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Home Blood Test Product Market, Key Players
· Roche
· LifeScan
· Abbott
· Ascensia
· ARKRAY
· B. Braun
· Trividia Health
· AgaMatrix
· ALL Medicus
· Terumo
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Home Blood Test Product Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Blood Glucose Test Strips
- 5.2.2. Cholesterol Test Strips
- 5.2.3. HDL Test Strips
- 5.2.4. Triglyceride Test Strips
- 5.2.5. Other
- 5.3. Market Analysis, Insights, and Forecast – By Application
- 5.3.1. Retail Pharmacy
- 5.3.2. Online Pharmacy
- 5.3.3. Hospital
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Home Blood Test Product Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Blood Glucose Test Strips
- 6.2.2. Cholesterol Test Strips
- 6.2.3. HDL Test Strips
- 6.2.4. Triglyceride Test Strips
- 6.2.5. Other
- 6.3. Market Analysis, Insights, and Forecast – By Application
- 6.3.1. Retail Pharmacy
- 6.3.2. Online Pharmacy
- 6.3.3. Hospital
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Home Blood Test Product Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Blood Glucose Test Strips
- 7.2.2. Cholesterol Test Strips
- 7.2.3. HDL Test Strips
- 7.2.4. Triglyceride Test Strips
- 7.2.5. Other
- 7.3. Market Analysis, Insights, and Forecast – By Application
- 7.3.1. Retail Pharmacy
- 7.3.2. Online Pharmacy
- 7.3.3. Hospital
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Home Blood Test Product Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Blood Glucose Test Strips
- 8.2.2. Cholesterol Test Strips
- 8.2.3. HDL Test Strips
- 8.2.4. Triglyceride Test Strips
- 8.2.5. Other
- 8.3. Market Analysis, Insights, and Forecast – By Application
- 8.3.1. Retail Pharmacy
- 8.3.2. Online Pharmacy
- 8.3.3. Hospital
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Home Blood Test Product Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Blood Glucose Test Strips
- 9.2.2. Cholesterol Test Strips
- 9.2.3. HDL Test Strips
- 9.2.4. Triglyceride Test Strips
- 9.2.5. Other
- 9.3. Market Analysis, Insights, and Forecast – By Application
- 9.3.1. Retail Pharmacy
- 9.3.2. Online Pharmacy
- 9.3.3. Hospital
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2020
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Roche
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. LifeScan
- 10.6. Abbott
- 10.7. Ascensia
- 10.8. ARKRAY
- 10.9. B. Braun
- 10.10. Trividia Health
- 10.11. AgaMatrix
- 10.12. ALL Medicus
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
