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.
The Malaysian government
has also recognized the importance of self-testing in the country's pandemic
response. In 2028, the government is expected to continue promoting the use of
self-testing kits as a means of increasing the availability of testing and
reducing the burden on healthcare facilities. This includes providing subsidies
and incentives for individuals and businesses to purchase and use self testing kits.
The self testing kit market in Malaysia is expected to grow significantly in
the coming years, driven by factors such as increasing healthcare spending. 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. Also, with the rising geriatric population, there is a growing
demand for self-tests. This increase in the aging population will lead to an
increased demand for healthcare services, including self-testing kits.
According to the Department of Statistics Malaysia, the percentage of the
population aged 65 and above is projected to increase from 7.3% in 2020 to
15.3% by 2040. This growth will be driven by several factors, including the
increasing prevalence of chronic diseases among the elderly population,
advancements in self-testing technology, and government initiatives to improve
healthcare services, thereby augmenting the growth of the Malaysia self testing
kit market.
Rising Cases of Chronic Diseases is Booming the Malaysia
Self Testing Kit Market
The Malaysia self testing kit market is expected to
grow at a steady rate in the coming years. To facilitate early and accurate diagnosis
of chronic diseases, monitor disease progression, and direct treatment
decisions, there has been an increasing demand for advanced self testing kit
technologies in Malaysia. The prevalence of chronic diseases has been on the
rise in Malaysia, which has led to an increase in the demand for self-testing
kits. Chronic diseases are long-term health conditions that require ongoing
medical attention and often result in disability and premature death. Some of
the most common chronic diseases in Malaysia include diabetes, hypertension,
and cardiovascular disease. 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. In this regard, self-testing kits are essential because these kits
allow early detection and monitoring of chronic diseases, prompting timely interventions
and better patient outcomes leading to the growth of the Malaysia self testing
kit market. According to WHO Statistical Information System, cardiovascular disease
death rates in Malaysia is 25% lower than the United States.
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
available 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 test type, sample, usage, distribution channel, company, and regional distribution. Based on test type, the market is divided into blood
glucose testing, pregnancy and fertility testing, cholesterol testing, urine
analysis, COVID-19 testing, and others. Based
on sample, the market is categorized into blood,
urine, and saliva/swab. Based
on usage, the market is categorized into disposable
and reusable. Based on distribution
channel, the market is divided
into retail
pharmacy stores, hypermarket/supermarket and e-commerce. Based on region, the market is segmented into East
Malaysia and West Malaysia.
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)
|
Report Scope:
In this report, the Malaysia self testing kit market has been segmented into the following categories, in addition
to the industry trends, which have also been detailed below:
- Malaysia Self
Testing Kit Market, By Test Type:
- Blood Glucose Testing
- Pregnancy and Fertility
Testing
- Cholesterol Testing
- Urine Analysis
- COVID-19 Testing
- Others
- Malaysia Self
Testing Kit Market, By Sample:
- Malaysia Self Testing Kit Market, By Usage:
- Malaysia Self Testing Kit Market, By Distribution
Channel:
- Retail Pharmacy
Stores
- Hypermarket/Supermarket
- E-Commerce
- Malaysia Self
Testing Kit Market, By Region:
- East
Malaysia
- West
Malaysia
Competitive landscape
Company Profiles: Detailed analysis of the major companies in the Malaysia
self testing kit market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options are
available for the report:
Company
Information
- Detailed analysis
and profiling of additional market players (up to five).
Malaysia self testing kit
market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected].