Global Home Blood Testing Devices Market Report and Forecast 2024-2032

Global Home Blood Testing Devices Market Outlook

The global home blood testing devices market size was valued at USD 16.4 billion in 2023, driven by the rising prevalence of diabetes across the globe. The market is expected to grow at a CAGR of 10.7% during the forecast period of 2024-2032, with the values likely to rise from USD 18.2 billion in 2024 to USD 41.1 billion by 2032.

Home Blood Testing Devices: Introduction

Home blood testing devices are portable medical devices used to monitor blood glucose levels in people who are diabetic, and other tests such as cholesterol levels, blood pressure, hemoglobin levels, and more. The tests are performed by taking blood samples with the help of test strips or cartridges (usually comes with the device kit). The advantage of using home blood testing devices is the ability to monitor health conditions of an individual in real-time, early detection of abnormalities or changes in blood parameters, and the convenience of testing at home without the need to visit a healthcare facility.

Global Home Blood Testing Devices Market Analysis

The home blood testing devices market demand is driven by the increased application and demand of at home devices. Due to the changing lifestyles and increasing health expenditures, people now prefer self-performing activities that could be performed without the presence of a healthcare professional. Hence, the demand for home blood testing devices has increased.

The increasing technological advancement in the development of home blood testing devices to acquire accurate and reliable results is also driving the market growth globally. The practice to reduce the size of these devices is also going on with the integration of digital platforms to manage the data and analyze it in real time. In August 2023, Vital Bio unveiled their new product VitalOne, that could interpret the test results of smaller blood samples in just 20 minutes. Such technologies are contributing to market growth significantly.

The increasing integration of home blood testing devices with wearable devices, such as smartwatches and fitness trackers, is also gaining popularity and driving the market growth. With the help of this integration continuous monitoring of health parameters and seamless data sharing between devices is possible which enhances the overall healthcare experience for individuals.

There is a significant rise in the home blood testing devices market value with the arrival novel technologies like bloodless blood tests in the market. General Prognostics is developing the potentially lifesaving bloodless blood tests technology that detects the changing trends in a patient’s body, even before they show symptoms. Based on artificial intelligence (AI), such tests utilise digital biomarkers with blood biomarkers to provide timely, clinically significant information about the condition of heart failure patients.

Global Home Blood Testing Devices Market Segmentation

Market Breakup by Type

• Glucose Test Kits

• Infectious Diseases Test Kits

• Cholesterol Test Strips

• Drugs of Abuse Test Kits

• Coagulation Monitoring Tests

• Others

Market Breakup by Age Group

• Pediatric

• Adult

• Geriatric

Market Breakup by Distribution Channel

• Hospital Pharmacy

• Retail Pharmacy

• Online Pharmacy

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Home Blood Testing Devices Market Overview

With the rising prevalence of chronic diseases, North America, especially the United States, has led the home blood testing devices market share in the historical period. The increased focus on preventive healthcare and well-equipped infrastructure to adapt with the technological advancements have majorly driven the market growth.

In Europe, owing to the increased efforts of the government and influential healthcare companies, at home blood testing has become normal in common households. With a robust healthcare ecosystem, the region is a major consumer of such testing devices and is estimated to have a large market share in the forecast period as well.

To meet the high home blood testing devices market demand, the companies present in the Asia-Pacific region have boosted the production of such devices. With a substantial portion of geriatric population, the region is witnessing a high number of cholesterol level, hemoglobin, blood pressure level testing. In addition, the governments are also proactive in spreading awareness and educating the population about the benefits and application of these tools. 

Global Home Blood Testing Devices Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• ACON Laboratories Inc

• Quidel Corporation

• OraSure Technologies Inc

• Cardinal Health Inc

• PHC Holdings Corporation

• B. Braun Melsungen AG

• Abbott Laboratories

• Biomerieux SA

• F. Hoffmann-La-Roche Ltd

• Everly Health Inc

• Walgreens

• D&A health

• Pts Disgnostics

• Trinity Biotech Plc

• Siemens Healthineers

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report