DUBLIN--(BUSINESS WIRE)--The "Home Testing Kits Market Research Report by Test Type, by Form, by Sample Type, by Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Home Testing Kits Market size was estimated at USD 3,189.80 million in 2020 and expected to reach USD 3,376.72 million in 2021, at a CAGR of 6.29% to reach USD 4,889.74 million by 2027.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Home Testing Kits Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Home Testing Kits Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Home Testing Kits Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Home Testing Kits Market?
4. What is the competitive strategic window for opportunities in the Global Home Testing Kits Market?
5. What are the technology trends and regulatory frameworks in the Global Home Testing Kits Market?
6. What is the market share of the leading vendors in the Global Home Testing Kits Market?
7. What modes and strategic moves are considered suitable for entering the Global Home Testing Kits Market?
Market Dynamics
Drivers
- Augment in adoption to reduce healthcare expenses
- Rising availability and accessibility of home testing kits at supermarkets and pharmacies
- Growing prevalence of diseases such as diabetes and cardiovascular diseases coupled with rising disposable income
Restraints
- Dearth of precision and affordability due to high cost
- Probable risks of product recalls
Opportunities
- Advancement in technologies with increased accuracy and new testing kits at home
- Increasing research and development from various private and public organizations
Challenges
- Reduced reluctance and awareness of testing in rural areas
Companies Mentioned
- Abacus Diagnostics, Inc.
- Abbott Laboratories Inc.
- Advacare Pharma LLP
- Becton Dickinson & Company
- Bio-Rad Laboratories Inc.
- bioMerieux SA
- Bright Health Care Private Limited
- BTNX Inc.
- Cellmid Limited
- CPC Diagnostics Private Limited
- Danaher Corporation
- Eiken Chemical Co Ltd
- Hangzhou Biotest Biotech Co., Ltd.
- HLL Lifecare Limited
- Inverness Medical Innovations, Inc.
- Medtronic PLC
- Molbio Diagnostics Pvt. Ltd.
- Nipro Corporation
- OraSure Technologies, Inc.
- Quidel Corporation
- Roche Holding AG
- Siemens Healthineers AG
- Swiss Precision Diagnostics GmbH
- Trividia Health, Inc.
- Voxtur Bio Ltd
For more information about this report visit https://www.researchandmarkets.com/r/321eem