“Global Pregnancy Test Kit
Market Analysis & Opportunity Outlook 2023”
The
global pregnancy test kit market is segmented into application such as digital
devices and line-indicator devices. Additionally, the line-indicator devices
segment is further segmented into strip/dip sticks , cassettes and mid-stream
devices out of which, the strip/dip sticks segment is anticipated to have the
largest share by 2023 and it is expected to occupy a significant CAGR during
the forecast period. Further, the growth of this segment is attributed to high adoption of strip/dip
sticks due to easy availability through various distribution channels. Apart
from this, digital devices are also projected to attain a remarkable CAGR due
to growing demand for fast and accurate pregnancy test kit.
Global pregnancy test kit market is expected to register a noteworthy
CAGR of 3.8% over the forecast period. Moreover, the global
pregnancy test kit market is
anticipated to reach at notable revenue by 2023. The market is expected
to expand on the back of rapid urbanization and growing technological
advancements in pregnancy test kit.
The human chorionic
gonadotropin (hCG) hormone urine test captured the biggest share of overall pregnancy test kit market in 2015. In
terms of regional platform, North America is slated to account for a leading
share in the pregnancy test kit market
owing to growing adoption of digital pregnancy test kit devices. Apart from
this, Asia-Pacific is expected to showcase tremendous growth over the forecast
period due to emerging economies such as China and India.
Advancement in Pregnancy Test Kit
Growing
technological advancements in pregnancy test kit such as introduction of
digital pregnancy test kit devices and increased popularity of latest test kits
are the major reason which is driving the demand for pregnancy test kit all
over the globe. Additionally, increasing demand for
self-detecting pregnancy kits is also anticipated to boost the demand of global
pregnancy test kit. These factors are envisioned to bolster the market of pregnancy
test kit by the end of 2023.
Rising Awareness Regarding
Pregnancy Test Kit
Rising
adolescent pregnancy rate coupled with changing life styles are also some of
the factors fostering the growth of pregnancy test kit market all over the
globe. Moreover, rising disposable income of the population across the globe on
the back of positive GDP figures in growing nations are also increasing the
penetration of pregnancy test kit.
On
the contrary, high cost associated with digital pregnancy test kit devices are
expected to limits the growth of pregnancy test kit market. Moreover, lack of
awareness regarding the pregnancy test kit in underdeveloped nations is
hindering the growth of pregnancy test kit market.
The
report titled “Global Pregnancy Test Kit Market Analysis & Opportunity
Outlook 2023” delivers detailed
overview of the global pregnancy test
kit market in terms of market segmentation by product, by test type, by
distribution channels and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global pregnancy test kit market which
includes company profiling of Accuquik™ Test
Kits, Procter & Gamble Co, Alere Inc., Quidel Corporation, Prestige
Brands Holdings, INSIGHT Pharmaceuticals(Prestige Brands), Precision
Diagnostics LLC, CVS Health Corporation,
Boots Pharmaceuticals and Germaine Laboratories. The profiling enfolds
key information of the companies which encompasses business overview, products
and services, key financials and recent news and developments. On the whole,
the report depicts detailed overview of the global pregnancy test kit market that will help industry consultants,
equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Contact for more Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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