Global At-home Saliva Testing Kit Market Overview:
The demand for saliva-based home test kits is likely to expand at a healthy rate. With the rising number of infection cases, demand for these saliva-based home test kits has increased, with the goal of reducing the time it takes to detect infected people. These test kits differ from home-collection test kits, in which a sample is collected at home and delivered to a laboratory for a week's worth of results. The main advantages of using a saliva sample over a blood sample are its ease of collection, cost-effectiveness, safety, non-invasiveness, and user-friendliness, as well as the number of biomarkers such as genetic material and proteins contained in saliva.
- Rising adoption of self-help and do-it-yourself (DIY) test kits due to convenience and rapid results
- Increasing incidence of diseases such as HIV
- Increasing awareness amongst the population for early detection of disease at the convenience of home
- Rising industrial research programs along with government involvement to develop low cost and single-use devices
- Lacks the regulatory approvals
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are OraSure Technologies (United States), Xiamen Boson Biotech Co. Ltd. (China), Hunan Runmei Gene Technology Co. Ltd. (China), Diagnostics Automation/Cortex Diagnostics Inc. (United States) and Guangzhou Decheng Biotechnology Co. Ltd. (China). Considering Market by Indication, the sub-segment i.e. Malaria will boost the At-home Saliva Testing Kit market. Considering Market by Distribution Channel, the sub-segment i.e. Drugstores will boost the At-home Saliva Testing Kit market.
On May 8, 2020, Rutgers’ RUCDR Infinite Biologics received an amended emergency use authorization from the FDA late Thursday for the first SARS-CoV-2 coronavirus test that will allow people to collect their own saliva at home and send it to a lab for results.
What Can be Explored with the At-home Saliva Testing Kit Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global At-home Saliva Testing Kit Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in At-home Saliva Testing Kit
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global At-home Saliva Testing Kit market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in At-home Saliva Testing Kit market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, At-home Saliva Testing Kit Provider, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global At-home Saliva Testing Kit Market?
The At-home Saliva Testing Kit market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in At-home Saliva Testing Kit Market?
Top performing companies in the Global At-home Saliva Testing Kit market are OraSure Technologies (United States), Xiamen Boson Biotech Co. Ltd. (China), Hunan Runmei Gene Technology Co. Ltd. (China), Diagnostics Automation/Cortex Diagnostics Inc. (United States) and Guangzhou Decheng Biotechnology Co. Ltd. (China), to name a few.
3. What trending factors would impact At-home Saliva Testing Kit Market growth most?
"Growing research and development activities to develop more specific saliva-based test kits" is seen as one of major influencing trends for At-home Saliva Testing Kit Market during projected period 2020-2026.