The demand within the global market for home diagnostics has been escalating on account of the propensity of the masses to spend huge sums of money on healthcare. A large population of people have shown a sense of concern towards staying abreast of their health, and this factor is expected to result in greater adoption of home diagnostics. Home diagnostics, in essence, refers to the installation of basic diagnostic devices and machines within peoples’ homes. The improved living standards of the masses, as a result of increased spendable income, have given an impetus to the growth of the global market for home diagnostics.
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- Rising Incidence of Diseases
The rapid growth of communicable diseases and infections has compelled people to install home diagnostic systems in order to maintain congenial health standards. Furthermore, delayed diagnosis can have severe consequences for the people; this has also led them to adopt quick home diagnostic methods. Cardiac markers, blood-glucose monitors, hematology testing kits, abuse testing kits, urinalysis testing kits, and home pregnancy detection kits are some of the important home diagnostic devices.
2. Use in Community Centers
The use of home diagnostic kits in schools, old-age homes, and community centers has given an impetus to the growth of the global home diagnostics market. Furthermore, increase in the geriatric population has also propelled demand within the global home diagnostics market in recent times.
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Some of the key players in the global home diagnostics market are Roche Diagnostics Ltd., Siemens AG Inc., Abbott Laboratories, Abaxis Inc., Alere Inc., Beckman Coulter Inc., Trinity Biotech Plc, and Becton Dickinson & Company.