Malaysia Self Testing Kit Market By Test Type (Blood Glucose Testing, Pregnancy and Fertility Testing, Cholesterol Testing, Urine Analysis, COVID-19 Testing, and Others), By Sample (Blood, Urine, and Saliva/Swab), By Usage (Disposable, Reusable), By Distribution Channel (Retail Pharmacy Stores, Hypermarket/Supermarket, and E-Commerce), By Region, Competition, Forecast, and Opportunities, 2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMalaysia Self Testing Kit Market By Test Type (Blood Glucose Testing, Pregnancy and Fertility Testing, Cholesterol Testing, Urine Analysis, COVID-19 Testing, and Others), By Sample (Blood, Urine, and Saliva/Swab), By Usage (Disposable, Reusable), By Distribution Channel (Retail Pharmacy Stores, Hypermarket/Supermarket, and E-Commerce), By Region, Competition, Forecast, and Opportunities, 2028F
Malaysia self testing kit market is anticipated to grow significantly during the projected period due to the prevalence of chronic diseases and immense advancements in technology. As the world continues to grapple with the ongoing COVID-19 pandemic, Malaysia has seen a significant increase in the demand for self-testing kits. The self-testing market in Malaysia has already seen a significant surge in demand since the outbreak of COVID-19. This has been driven by a number of factors, including the need for more widespread testing and the desire for convenience and ease of use. In 2028, the self testing kit market in Malaysia is expected to grow and become a key component in the country's pandemic response strategy. Self testing kits offer a simple and accessible solution for individuals to test themselves in the comfort of their own homes. These tests are carried out without the assistance of medical professionals and can be acquired online or in pharmacies. The processing of collected samples may provide screening, diagnosis, monitoring, or knowledge about a disease's risk that can be done at home or in a laboratory. As these tests become more accessible, more primary care consultations are probably going to result from them.
Malaysia came in first place with a score of 95 out of 100, in the Best Healthcare in the World category of the 2019 International Living Annual Global Retirement Index.
Rising Cases of Chronic Diseases is Booming the Malaysia Self Testing Kit Market
According to the Malaysia Ministry of Health, in 2019, approximately 64% of deaths in Malaysia were attributed to chronic diseases, with cancer and cardiovascular diseases being the leading causes of death.
The self testing market in Malaysia is expected to grow significantly in the coming years, driven by factors such as the rising prevalence of chronic diseases, increased awareness of the importance of early diagnosis, and the availability of a wide range of self-testing kits. One of the most significant drivers of the self testing market in Malaysia is the rising incidence of diabetes. Diabetes is a chronic disease that affects millions of people across the world. Malaysia has one of the highest diabetes rates in the world. The availability of self-testing kits for diabetes has made it easier for individuals to monitor their blood sugar levels regularly, leading to better management of the condition and improved quality of life, thereby leading to the expansion of the Malaysia self testing kit market. Hypertension is another chronic disease that is prevalent in Malaysia. It is a major risk factor for cardiovascular disease, which is the leading cause of death in Malaysia. Self-testing kits for blood pressure are readily found at in the market, and they have made it possible for individuals to monitor their blood pressure regularly and take appropriate action if necessary. The self testing market in Malaysia is also being driven by increased awareness of the importance of early diagnosis. Individuals are increasingly aware of the need to take charge of their health and detect health problems early. Self-testing kits provide an easy and convenient way for individuals to monitor their health and detect potential health problems before they become serious. Such factors are leading to the growth of the Malaysia self testing kit market.
Growing Technological Advancements in Self Testing Kits are Booming the Malaysia Self Testing Kit Market
The healthcare industry has experienced significant changes in its diagnostic procedures, with self-testing becoming a trend in Malaysia. As technology continues to evolve, the Malaysia self-testing market is expected to grow rapidly, reaching new heights by 2028. The growth of self-testing in Malaysia is driven by several factors, including the rising awareness of the importance of early detection and prevention of diseases, the increasing prevalence of chronic diseases, and the demand for convenient and cost-effective healthcare services. Furthermore, the COVID-19 pandemic has also contributed significantly to the growth of self-testing in Malaysia, as people seek ways to monitor their health from the comfort of their homes. One of the most significant technological advancements that has driven the self testing market in Malaysia is the development of portable and easy-to-use diagnostic devices.
These devices are designed to enable patients to perform various tests, including blood glucose monitoring, cholesterol testing, and pregnancy testing. These devices provide quick and accurate results, which are essential in managing chronic conditions and preventing further complications. Another significant technological advancement driving the self testing market in Malaysia is the development of digital health platforms. These platforms allow patients to access medical advice, track their health, and monitor their progress. With the help of digital health platforms, patients can also share their health information with their healthcare providers, enabling them to provide personalized care and treatment. Moreover, the integration of artificial intelligence (AI) and machine learning (ML) technologies in self-testing has also been a significant driver of the market's growth in Malaysia. AI and ML technologies allow for the development of predictive models that can help identify health risks and provide personalized recommendations for prevention and management, which, in turn, is likely to drive the growth of the Malaysia self testing kit market during the forecast period.
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Recent Development
In February 2022, Medical Innovation Ventures (Mediven) launched ProDetect COVID-19 Antigen Rapid Test, which has been certified as 100 percent accurate by the European Society for External Quality Assessment's (ESfEQA). This distinguishes the self-test kit from the competition and offers complete peace of mind while getting tested for COVID-19. Additionally, it is compatible with Delta and Omicron COVID-19 variations of concern (VOC). The ProDetect COVID-19 Antigen Rapid Test is extremely inexpensive, costing little over USD 2 like other self-test kits.
Market Segmentation
The Malaysia self testing kit market is segmented into
Company Profiles
Rapidtestkit, Reszon Diagnostics International Sdn. Bhd, Mediven, Accobiotech Sdn Bhd, Setia Scientific Solution, Isolab Sdn Bhd, Andatech Malaysia, NANG HIN MEDICAL SDN BHD, WATSONS Malaysia, CityMedic Sdn Bhd are some of the key players of the Malaysia self testing kit market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in tons and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, volume forecasting, Company shares, competitive landscape, growth factors, and trends |
| Segments covered | Test Type Sample Usage Distribution Channel |
| Regional scope | The East Malaysia and The West Malaysia. |
| Key companies profiled | Rapidtestkit, Reszon Diagnostics International Sdn. Bhd, Mediven, Accobiotech Sdn Bhd, Setia Scientific Solution, Isolab Sdn Bhd, Andatech Malaysia, NANG HIN MEDICAL SDN BHD, WATSONS Malaysia, CityMedic Sdn Bhd |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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