Global Over the Counter (OTC) Test Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 12% during a forecast period.
Global Over the Counter (OTC) Test Market Overview:

The Counter tests are the products, which can be used easily by any person to carry out the desired test. These test kits give instant results and are available for many purposes. Also, these kits are available at local pharmacy shops which make it convenient for the customers to purchase the product. These test kits are popularly used for glucose testing, pregnancy test, infection and urine tests.
Global Over the Counter (OTC) Test Market Dynamics:

Increasing cases of infectious diseases and other chronic diseases are the primary drivers for market growth.
Diabetes and infectious diseases are the most prominent chronic ailments which require rapid and effective testing. Hence, an increase in demand for testing such diseases drives Over the counter test market. Along with this, the rising prevalence of HIV and urine infections also create potential growth opportunities for the market growth. Advantages of these test kits such as easy usage and availability contribute to the market growth.

The report has profiled twenty-three key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for a future hot spot in APAC region.
Global Over the Counter (OTC) Test Market Segment Analysis:

The global Over the Counter (OTC) Test Market is segmented based on Product Type, Application, Technology and End-Users.

Based on Product Type, the Infectious disease testing segment is expected to grow at the highest CAGR during the forecast period. The growing prevalence of HIV infection globally is the main driving factor for the growth of this segment. According to the global statistical data, approximately 38 million people across the globe were infected with HIV in 2019. Of these, 36.2 million were adults and 1.8 million were children (<15 years old). Various government initiatives are undertaken to increase the awareness and availability of HIV OTC testing in emerging markets like India, China and Brazil.

Based on Technology, the lateral flow assays segment is anticipated to hold a prominent market share over the forecast years. Factors such as increasing adoption of LFA testing products in-home care, development of innovative LFA based OTC devices for pregnancy confirmation and ovulation and screening for infectious diseases are responsible for the growth of this segment.

Global Over the Counter (OTC) Test Market

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Recent Developments:

• In 2019, SD Biosensor launched STANDARD GlucoNavii GDH for blood glucose monitoring.
• Owing to the current outbreak of COVID-19 worldwide, many key players are focusing on developing novel COVID-19 test kits that can be used for home care or by a physician. As per the news released on 12th April 2021, the U.S. Food and Drug Administration (FDA) issued an Emergency Use Authorization (EUA) for the counter (OTC) sale of the LUCIRA CHECK IT test kit that delivers PCR quality molecular accuracy in 30 minutes or less at home. OTC clearance dramatically expands the availability of this highly accurate test.
Global Over the Counter (OTC) Test Market Regional Insights:

Global Over the Counter (OTC) Test Market Regional Insights

The Asia Pacific is anticipated to witness lucrative market growth during the forecast period.
APAC region is expected to grow at the highest CAGR owing to the rising prevalence of infectious diseases and rising patient pool for diabetes. The region is also experiencing a surge in lifestyle diseases and rising government initiatives. Various government initiatives for the awareness of HIV infection and other contagious diseases and several public health-promoting campaigns potentially drive the market growth in the region.

The report also helps in understanding the Global Over the Counter (OTC) Test Market dynamics, structure by analyzing the market segments and project the Global Over the Counter (OTC) Test Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Over the Counter (OTC) Test Market make the report investor’s guide.
Global Over the Counter (OTC) Test Market Scope: Inquire before buying

Global Over the Counter (OTC) Test Market
Global Over the Counter (OTC) Test Market, by Region:

• North America
• Europe
• South America
Global Over the Counter (OTC) Test Market Key Players:

• Bio-rad Laboratories, Inc.
• Cepheid, Inc.
• Hologic, Inc.
• Meridian Bioscience, Inc.
• OraSure, Technologies, Inc.
• Quidel Corporation
• Roche Diagnostics Akers Biosciences, Inc.
• Alere Inc.
• Becton, Dickinson and Company
• i-Health Lab
• F. Hoffmann-La Roche Ltd
• Abbott
• LIA Diagnostics, INC.
• LabStyle Innovations Corp.
• Acon Laboratories Inc
• Lucira Health
• Sinocare INC.
• NOWDiagnostics Inc.
• SD Biosensor
• AccuBiotech
• Siemens Healthcare
• Danaher
• Johnson & Johnson

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