Press release
Pregnancy Detection Kits Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Pregnancy test kits are devices used to detect possible pregnancy in females. Pregnancy tests are generally done after the first day of missed period. Fewer pregnancy test kits in which detection is possible through urine sample are user friendly and can be demonstrated at home by understanding the manual. These pregnancy test kits give an early indication of pregnancy. Generally, home pregnancy test kits provide 99% accurate results and can be further confirmed by undergoing a lab pregnancy test. These kits are designed to detect human chorionic gonadotropin (hCG) hormone, a pregnancy hormone, in the urine sample or blood sample. hCG increases in the early days of pregnancy and presence of this hormone above particular range confirms pregnancy.
The global pregnancy detection kits market is driven growing awareness about early and self-detection of pregnancy, increasing demand for self-detection of pregnancy boosted by rising adolescent pregnancy rate, technological advancements in pregnancy tests making it more accurate, promotional strategies employed by manufacturers with celebrity endorsement which influences the rural population to undertake self-pregnancy test through kits, and expansion of logistics network by distributors and manufacturers to increase accessibility of the kits. However, high cost is a major restraint of the global pregnancy detection kits market which is a concern in the undeveloped and developed countries. The risk factor associated with the inaccuracy of the test results is also hampering the growth of the global pregnancy detection kits market.
The global pregnancy detection kits market can be segmented based on product type, type of test, end-user, and region. In terms of product type, the global pregnancy detection kits market is divided into digital devices and line indicators such as strip/dip, cassettes, and mid-stream devices. Based on test type, the market can be segmented into LH urine test, hCG urine test, FSH urine test, and hCG blood test. In terms of end-user, the market can be segmented into hospitals, diagnostic labs, and home care. The home care segment includes distribution channels such as hospital pharmacies, retail pharmacies, and online pharmacies.
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In terms of region, the global pregnancy detection kits market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global pregnancy detection kits market due to increased health care spending by the government. Europe is the next major market in terms of revenue and is driven by high usage of digital pregnancy test kits due to increased disposable income and growing awareness regarding the test. Asia Pacific is expected to grow exponentially during the forecast period led by growing awareness about early detection of pregnancy and its benefits, rising population, increasing disposable income, and better access to pregnancy tests in the rural sector. Latin America is an emerging market for pregnancy detection kits due to growing awareness and availability of pregnancy test kits at affordable prices. The market in Middle East & Africa is expected to witness sluggish growth due to less awareness regarding the usage of pregnancy kit and its associated benefits.
Top players in the global pregnancy detection kits market are Alere, Inc., Abbott Laboratories, Procter & Gamble Co., DCC plc, Church & Dwight, Prestige Brands Holdings, SPD Swiss Precision Diagnostics, Quidel Corporation, Germaine Laboratories, Kent Pharmaceuticals, Piramal Enterprises, Nantong egens bio Technology Company, Cardinal Health, and Confirm Biosciences.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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