Press release
Pregnancy Testing Market Analysis and Growth 2023 by Top Companies - Abbott Laboratories, Cardinal Health, Church & Dwight, Germaine Laboratories, Kent Pharmaceuticals, Piramal Enterprises, Prestige Brands Holdings, and Procter & Gamble Co.
Pregnancy tests are tests used to detect the presence of reproductive hormones such as Follicle Stimulating Hormone or Luteinising Hormone. Fertility rapid test kits help to find the exact day of ovulation or confirm the presence of menopause in women whereas they are used to detect the sperm count.
Pregnancy and fertility devices market are mainly driven by factors such as rising demand for fast and self-contained tests, growing prevalence of infertility and gynecological disorders, accessibility of decentralized diagnostic tests over time-consuming laboratory tests. Escalating first-time pregnancy age, technological advancements, and striking product features are some of the factors driving the growth of Pregnancy and fertility devices market. However low adaptation rate and the high price of test kits are the key factors restraining the growth of the market.
Pregnancy Testing Market Forecast Report (2018-2023):
Pregnancy Testing Market was valued USD $1.29 Billion in 2018 and estimated to reach USD $1.65 Billion by 2023 growing at a CAGR of 5.10%.
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Pregnancy Testing Market Segmentation:
The Global Market for Pregnancy testing is segmented into product type and test type. On the basis of product the pregnancy testing market is segmented into Pregnancy Test Kits and Fertility Test Kits. Pregnancy test kits are further sub-segmented into Strips/Dip Sticks & Cards, Mid-Stream, Cassette and Digital Devices. Fertility test kits are further sub-segmented into Line Indicator Devices and Digital Devices. On the basis of test type the market is segmented into FSH Urine Test, Luteinizing Hormone (LH) Urine Test, Human Chorionic Gonadotropin (hCG) Hormone Blood Test and Human Chorionic Gonadotropin (hCG) Hormone Urine Test.
On a geographical level global market for pregnancy testing is analyzed under five major regions namely North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa. North America dominates the pregnancy testing market owing to advanced techniques in pregnancy testing. Asia-Pacific is the fastest growing region due to its huge population base and greater opportunity for market penetration.
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Key Developments in the Market:
• December 2017 - Lia Diagnostics Inc., an American Company, developed first biodegradable pregnancy kits. The test will be available in the US market in 2018.
• March 2017 - The failed batches of the Genesis Biotech PregSure digital test were the subject of an urgent recall, Minco Import and Export’s One Step Pregnancy Test was removed from the register and the sponsor ceased supply
Major Players:
• Abbott Laboratories,
• Cardinal Health,
• Church & Dwight,
• Germaine Laboratories,
• Kent Pharmaceuticals,
• Piramal Enterprises,
• Prestige Brands Holdings,
• Procter & Gamble Co.,
• Quidel Corporation,
• SPD Swiss Precision Diagnostics
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Reasons to Purchase Pregnancy Testing Market Report:
• Current and future global Pregnancy Testing Market outlook in the developed and emerging markets
• Analysis of various perspectives of the market with the help of Porter’s five forces analysis
• Identifying the segment that is expected to dominate the market
• Regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)
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About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: abhishek@marketdataforecast.com
Tel: +1-888-702-9626
Website: www.marketdataforecast.com
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