A self-test is a procedure that can be carried out at home to identify or diagnose a variety of illnesses. The terms home test, at-home test, and over-the-counter (OTC) test are also used to describe it. In order to protect everyone by reducing the likelihood of viral transmission, self-tests can also be used as one of many risk-reduction strategies, such as vaccination, masking, and physical separation. New methods for identifying, tracking, and treating patients and their conditions are being made possible thanks to self-testing. These testing kits are being created as a component of a continuum of preventative and wellness initiatives, from the diagnosis of acute infections to the treatment of chronic conditions to the identification of potential health issues. These tests are used for a variety of purposes, including glucose monitoring, checking for vitamin and mineral deficiencies, hormone testing, checking for pregnancy, and other things. Key market players are focusing on developing and launching new self-test kits for emerging diseases and infections such as the COVID-19.
For instance, on July 12, 2021, Abbott, an American multinational medical devices and health care company announced the launch of Panbio COVID-19 Antigen Self-Test for the detection of the SARS-CoV-2 virus in adults and children with or without symptoms.
Market Dynamics
Major companies operating in the global self-testing market are focused on product launches or approvals, which is expected to drive the market growth of global self-testing market over the forecast period. For instance, in April 2021, Lucira Health, Inc., a medical technology company focused on the development and commercialization of transformative and innovative infectious disease test kits, announced that Health Canada approved the company's LUCIRA CHECK IT COVID-19 test kit. The LUCIRA CHECK IT COVID-19 test kit is the first Health Canada-approved self-test for people with or without symptoms.
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