The Global Over The Counter Tests Market Size is valued at 17.19 billion in 2022 and is predicted to reach 43.40 billion by the year 2031 at a 10.96% CAGR during the forecast period for 2023-2031.
Counter tests are devices that anyone can use with ease to conduct the desired test. These test kits are readily available and provide results right away. Additionally, these kits are offered at neighborhood pharmacies, making it simple for clients to buy the product. These test kits are frequently used for urine testing, infection detection, pregnancy detection, and glucose testing. Medical testing equipment that is sold over-the-counter (OTC) is immediately accessible to the consumer and does not need a prescription. They can be used in places other than hospitals, like homes, schools, workplaces, and communities.
The over-the-counter testing products are correctly branded and come with clear instructions so that the user can use them independently of a doctor. Food and Drug Administration (FDA) contends that the advantages of having an accessible over-the-counter device outweigh the hazards due to the safety margin of over-the-counter medical devices and testing goods.
The main factors influencing market expansion include rising incidences of infectious illnesses and other chronic conditions. The most common chronic conditions that demand quick and accurate testing are diabetes and infectious illnesses. As a result, the market for over-the-counter tests is driven by rising demand for testing such disorders. Additionally, the rising incidence of HIV and urinary tract infections presents substantial growth prospects for the market. The ease of use and accessibility of these test kits are benefits that help the industry expand.
The Over The Counter Tests market is segmented on the basis of product and end-use. Product segment includes cholesterol test, fecal occult blood test, pregnancy test, glucose monitoring tests, drug abuse test, and others. By end-use, the market is segmented into online pharmacies and retail pharmacies.
Infectious illness tests, coagulation monitoring tests, urinalysis tests, cholesterol tests, drug-of-abuse tests, and other tests are some segments of the global OTC tests market. In 2022, the segment with the most significant revenue share was glucose monitoring tests. Over-the-counter glucose monitors are in hot demand right now. There is a strong demand for at-home glucose monitoring devices that are user-friendly, precise, and affordable due to the rising occurrence of diabetes and the significance of routinely checking blood glucose levels. A low-cost, risk-free solution is to use a home blood glucose test to diagnose diabetes preventatively. This is important because diabetes frequently starts out without any symptoms.
Due to the rise in the number of diabetics, the surge in demand for self-monitoring devices, and government initiatives to improve hospital pharmacy, the online pharmacies category was the largest contributor by end-use in 2022 and is anticipated to continue its lead during the projection period. However, due to technological advancements in the healthcare industry and an increase in demand for remote service, the online pharmacies category is anticipated to have significant expansion throughout the projection period.
In the United States, the over-the-counter (OTC) Testing market is anticipated to grow rapidly during the forecast period. Due to the rising prevalence of chronic illnesses, the rise in the number of over-the-counter test products receiving approval, the presence of key players, and advancements in healthcare technology in the region, North America commanded the majority of the over-the-counter test market in 2022 and is anticipated to retain its dominance throughout the forecast period.
Report Attribute |
Specifications |
Market Size Value In 2022 |
USD 17.19 Bn |
Revenue Forecast In 2031 |
USD 43.40 Bn |
Growth Rate CAGR |
CAGR of 10.96 % from 2023 to 2031 |
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
Historic Year |
2019 to 2022 |
Forecast Year |
2023-2031 |
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
Segments Covered |
Product And End-Use |
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
Competitive Landscape |
Abbott Laboratories, Abingdon Health PLC, AccuBioTech Co., Ltd. , Acon Laboratories Inc. , B. Braun Melsungen AG, Becton Dickinson and Company, Clip Health, Dario Health Corp, Ellume Health Ltd, Eurofins Scientific Group, F. Hoffmann-La Roche AG, Lia Diagnostics Inc, Lifescan IP Holdings, LLC, Lucira Health, Inc, Now Diagnostics Inc, Orasure Technologies Inc, PHC Holdings Corporation, Quidel Corporation, SD Biosensor Inc., and Sinocare Inc. |
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Over The Counter Tests Market Snapshot
Chapter 4. Global Over The Counter Tests Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis of Metaverse Industry
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. COVID-19 Impact on Metaverse Industry
Chapter 5. Market Segmentation 1: By Technology Estimates & Trend Analysis
5.1. By Technology & Market Share, 2019-2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Technology:
5.2.1. Lateral Flow Assays
5.2.2. Immunoassays
5.2.3. Dipsticks
Chapter 6. Market Segmentation 2: By Product Estimates & Trend Analysis
6.1. By Product & Market Share, 2019-2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Product:
6.2.1. Glucose Monitoring Tests
6.2.2. Pregnancy & Fertility Tests
6.2.3. Infectious Disease Tests
6.2.4. Coagulation Monitoring Tests
6.2.5. Urinalysis Tests
6.2.6. Cholesterol Tests
6.2.7. Others
Chapter 7. Over The Counter Tests Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Over The Counter Tests Market revenue (US$ Million) estimates and forecasts By Technology, 2023-2031
7.1.2. North America Over The Counter Tests Market revenue (US$ Million) estimates and forecasts By Product, 2023-2031
7.1.3. North America Over The Counter Tests Market revenue (US$ Million) estimates and forecasts by country, 2023-2031
7.1.3.1. U.S.
7.1.3.2. Canada
7.2. Europe
7.2.1. Europe Over The Counter Tests Market revenue (US$ Million) by By Technology, 2023-2031
7.2.2. Europe Over The Counter Tests Market revenue (US$ Million) estimates and forecasts By Product, 2023-2031
7.2.3. Europe Over The Counter Tests Market revenue (US$ Million) by country, 2023-2031
7.2.3.1. Germany
7.2.3.2. Poland
7.2.3.3. France
7.2.3.4. Italy
7.2.3.5. Spain
7.2.3.6. UK
7.2.3.7. Rest of Europe
7.3. Asia Pacific
7.3.1. Asia Pacific Over The Counter Tests Market revenue (US$ Million) by By Technology, 2023-2031
7.3.2. Asia Pacific Over The Counter Tests Market revenue (US$ Million) estimates and forecasts By Product, 2023-2031
7.3.3. Asia Pacific Over The Counter Tests Market revenue (US$ Million) by country, 2023-2031
7.3.3.1. China
7.3.3.2. India
7.3.3.3. Japan
7.3.3.4. Australia
7.3.3.5. Rest of Asia Pacific
7.4. Latin America
7.4.1. Latin America Over The Counter Tests Market revenue (US$ Million) by By Technology, 2023-2031
7.4.2. Latin America Over The Counter Tests Market revenue (US$ Million) estimates and forecasts By Product, 2023-2031
7.4.3. Latin America Over The Counter Tests Market revenue (US$ Million) by country, (US$ Million) 2023-2031
7.4.3.1. Brazil
7.4.3.2. Rest of Latin America
7.5. Middle East & Africa
7.5.1. Middle East & Africa Over The Counter Tests Market revenue (US$ Million) by By Technology, (US$ Million)
7.5.2. Middle East & Africa Over The Counter Tests Market revenue (US$ Million) estimates and forecasts By Product, 2023-2031
7.5.3. Middle East & Africa Over The Counter Tests Market revenue (US$ Million) by country, (US$ Million) 2023-2031
7.5.3.1. South Africa
7.5.3.2. GCC Countries
7.5.3.3. Rest of MEA
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Abbott Laboratories
8.2.2. Abingdon Health
8.2.3. AccuBioTech Co., Ltd
8.2.4. ACON Laboratories, Inc.
8.2.5. B. Braun SE
8.2.6. BD
8.2.7. Clip Health
8.2.8. Ellume Limited
8.2.9. Eurofins Scientific
8.2.10. LifeScan IP Holdings
By Product-
By End-Use-
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.