Global Over The Counter (OTC) Testing Market to Reach $39 Billion by 2030
The global market for Over The Counter (OTC) Testing estimated at US$20.9 Billion in the year 2023, is expected to reach US$39 Billion by 2030, growing at a CAGR of 9.3% over the analysis period 2023-2030. Glucose Monitoring Tests, one of the segments analyzed in the report, is expected to record a 8.2% CAGR and reach US$10.7 Billion by the end of the analysis period. Growth in the Pregnancy & Fertility Tests segment is estimated at 9.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.3 Billion, While China is Forecast to Grow at 8.8% CAGR
The Over The Counter (OTC) Testing market in the U.S. is estimated at US$6.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.8 Billion by the year 2030 trailing a CAGR of 8.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 8.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR.
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