Pregnancy Test Kits Market Analysis, Trends and Opportunities 2022 - 2030
The pregnancy test kits market size is expected to
reach USD 1.9 billion by 2030 at 5.17% CAGR during the forecast period
2022-2030
The Pregnancy
test kits market has been evaluated as average growing market and expected that
the market will reach high growth figures in coming years. A factsheet
published by the WHO states that about 40% of pregnancy cases reported each
year were unintended and around 10% cases were that of teenage pregnancies and
the number is expected to increase further in the coming years. These are the
main reasons leading to the market growth of pregnancy test kits market. Other
factors such as the increasing awareness about the availability of pregnancy
test kits with their clinically proven safety and effectiveness has resulted in
an increasing demand for self-detecting pregnancy kits thereby increasing the
growth and size of global pregnancy test kits market. Moreover, the escalating
adolescent pregnancy rate, promotional campaigns undertaken by manufacturers of
these pregnancy test or recognition kits is driving the growth of pregnancy
test kits market.
North America
holds the first rank in global pregnancy test kit market during the forecasted
period. The market in the region is likely to elaborate at a CAGR of 3.8% over
the next few years. Higher expenditure on healthcare sector is expected to be a
major growth driver of North America pregnancy test kit market. Western Europe
pregnancy test kit market is also anticipated to witness a promising growth
sparked by rising adoption of digital pregnancy test kit devices in the region.
Asia-Pacific pregnancy test kit market is expected to observe a highest CAGR
during the forecast period. Speedily expanding population in the region, rising
per capita pay and growing urbanization are some of the major issues which are
projected to strengthen pregnancy test kit market in countries such as India
and China.
Major Key
Players:
The Pregnancy Test Kits Market Players
are Alere Inc. (US), Prestige Brands Holdings, Inc, (US), Quidel Corporation
(US), Procter & Gamble Co., (Germany), Piramal Enterprises (India),
Cardinal Health (US), and Confirm Biosciences (US).
Market Segmentation
The global pregnancy kits market is segmented on the basis
of type of test, product and end users. Based on the type of test, the market
has been segmented as blood test for HCG, Urine test for HCG and others. Based
on products, the market has been segmented into digital devices, line
indicators which are further segmented into strips, cassettes and mid-stream
devices and others. Further on the basis of end users the market has been
segmented as hospitals, clinics, households and others. The home
pregnancy test segment is growing at a rapid pace due to technological
progressions and arresting product features with major organizations such as
Alere Inc, Prestige Brands Holding Inc, and Procter & Gamble etc playing
the key role in the launching of new and innovative home pregnancy test kits.
Also the market has been growing due to the reasons such as some of the home
pregnancy test kits have 99% exactness rate in detecting HCG levels from the
day of the expected period of women undertaking the test. The HCG urine test
accounts for the largest pregnancy test market share as per alleged pregnancy
test market capturing nearly 43% of the revenues shared in 2016. There is an
increasing inclination for conventional laboratory tests resulting in the
decline of other test types such as FSH Urine test, HCG
blood test, and LH urine test.
Regional
Analysis
The regional segmentation of the global pregnancy test strips market North
America, Europe, Asia Pacific, and the Middle East & Africa (MEA). The
lion's share in this market belongs to North America, and this share is
expected to grow during the forecast period. Reasons for the growth of this
market include increasing pool of aware females, need for household
determination of pregnancy, and investment regarding the advancement of
pregnancy test kits. Biggest share in the North American market is controlled by
the United States of America (USA). Many key players in this market are also
based in the USA.
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