Over-the-counter (OTC) tests, also known as self-tests or home tests, transform health monitoring by allowing individuals to obtain quick and convenient results without healthcare professionals' involvement. These tests, including ovulation, pregnancy, fertility, cholesterol, blood glucose, drug, and strep tests, offer significant advantages such as convenience, timely results, privacy, early detection, and cost-effectiveness.
This blog will explore OTC drugs, medical devices, and diagnostics. We'll spotlight some of the top companies making waves in the industry, explore their contributions, and examine the exciting trends shaping the future of healthcare.
According to BCC Research, The global market for OTC drugs, medical devices, and diagnostics is estimated to increase from $251.7 billion in 2024 to reach $359.7 billion by 2029 at a compound annual growth rate (CAGR) of 7.4% from 2024 through 2029. This growth is boosted by advancements in medical technology, rising healthcare awareness, and the increasing prevalence of chronic diseases.