Last Updated: 17 Jun 2025
Source: Statifacts
The global home diagnostics market size was evaluated at USD 11.55 billion in 2024 and is expected to grow around USD 22.23 billion by 2034, registering a CAGR of 6.76% from 2025 to 2034.
Industry Worth | Details |
Market Size in 2025 | USD 12.31 Billion |
Market Size by 2034 | USD 22.23 Billion |
Market Growth Rate from 2025 to 2034 | CAGR of 6.76% |
Considered a growing facet of healthcare, the home diagnostic market offers medical devices and kits that allow the monitoring and assessment of health parameters by individuals themselves, without the intervention of professionals. This market reflects a shift toward designing personalized and accessible health solutions engendered by digital health technologies coupled with consumer demand for speed, privacy, and accessibility. Alongside increased health literacy and awareness campaigns organized by big manufacturers, consumer behavior has been slightly altered towards an increased inclination for continuous health monitoring and preventive health care. Diagnostics kits being sold on retail shelves and online also augment this growth, providing more accessibility and choices to consumers. Innovation remains at the center of this market, which is poised to have a major impact on how an individual engages with their health.
Mental illnesses are common in the United States and around the world. It is estimated that more than one in five U.S. adults live with a mental illness (59.3 million in 2022; 23.1% of the U.S. adult population).
Early Detection & Prevention: AI analyzes real-time data from wearable and home devices for the detection of early signs of disease.
“Laboratory directors can now explain to regulators, clinicians, and patients exactly how each diagnostic result was determined, creating a new level of trust in molecular diagnostics.”
North America
North America dominated the market in 2024. Due to high levels of healthcare awareness, better access to diagnostic tools, and well-established infrastructure, North America is expected to hold sway over the market for home diagnostics. The US, with its advanced healthcare system and demand from consumers for convenient solutions of health monitoring, constitutes an important factor. Since people are becoming more health-conscious, chronic diseases are on the rise, and the aged population is also growing, the market has witnessed growth in these areas.
Asia-Pacific
Asia Pacific is expected to witness the fastest growth, with a large population aware of various diseases amidst improvements in access to healthcare and infrastructure, acceptance of self-testing, and increasing availability of diagnostic kits. The changeover to preventive healthcare and support from regional governments and private players will spur adoption. Hence, Asia Pacific is turning into a vibrant home diagnostics market, posing growth potential for global and regional players.
The market is moderately fragmented with local players like Abbott Laboratories, Roche Holding AG, ARKRAY Inc., Zeotis Inc., Becton Dickinson & Company, BTNX, Inc., Assure Tech, SA Scientific, ACON Laboratories, Inc., Bionime Corporation, Quidel Corporation, etc., wishing to take the time to edge their presence through investments, partnerships, acquisitions, and mergers. They also invest in product development and competitive pricing. These strategies will promote market growth and lucrative opportunities for market players
Becton Dickinson & Company (BD) reported annual revenue of $20.178 billion for fiscal year 2024.
Bionime Corporation's most recently reported annual revenue is TWD 1,755.57 million for the year ending December 31, 2023.
Acon Laboratories' annual revenue falls within the $10 - $100 million range
Published by Kesiya Chacko
By Region
Stats ID: | 8434 |
Format: | Databook |
Published: | June 2025 |
Delivery: | Immediate |
Last Updated: 17 Jun 2025
Source: Statifacts
Last Updated: 17 Jun 2025
Source: Statifacts
Subsegment | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
---|---|---|---|---|---|---|---|---|---|---|---|
Immunoassay-based Tests | 3,422.60 | 3,604.20 | 3,796.20 | 3,999.40 | 4,214.50 | 4,442.10 | 4,683.00 | 4,938.10 | 5,208.30 | 5,494.40 | 5,769.90 |
Molecular Testing (e.g., PCR tests) | 2,174.80 | 2,353.60 | 2,547.40 | 2,757.60 | 2,985.60 | 3,233.20 | 3,501.80 | 3,793.60 | 4,110.50 | 4,454.90 | 4,780.90 |
Dipsticks and Test Strips | 3,002.20 | 3,144.00 | 3,292.70 | 3,448.70 | 3,612.20 | 3,783.70 | 3,963.40 | 4,151.80 | 4,349.10 | 4,555.70 | 4,756.10 |
Digital Health & Wearable Technology (e.g., smartwatches with diagnostic capabilities) | 1,707.60 | 1,886.10 | 2,081.70 | 2,296.10 | 2,531.00 | 2,788.30 | 3,070.40 | 3,379.40 | 3,718.20 | 4,089.40 | 4,439.00 |
Lateral Flow Tests (LFTs) | 1,238.40 | 1,327.10 | 1,422.40 | 1,525.00 | 1,635.50 | 1,754.50 | 1,882.70 | 2,020.80 | 2,169.60 | 2,330.20 | 2,482.90 |
Last Updated: 17 Jun 2025
Source: Statifacts
Stats ID: | 8434 |
Format: | Databook |
Published: | June 2025 |
Delivery: | Immediate |
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