Press release
Pregnancy Testing Market Analysis with COVID-19 Strategic Trends and Forecast to 2027
Pregnancy Testing Market
Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " by product (Pregnancy rapid test kits, Line indicator devices, Digital devices, Fertility rapid test), Test Type (Follicle stimulate ng hormone (FSH) test, Human chorionic gonadotropin hormone blood test, Urine test, Luteinizing hormone (LH) test), Distribution Channel, (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Gynaecology clinics, Hypermarkets or supermarkets), and Geography – Global/Region/Country Forecast to 2027".
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The pregnancy test kits sector is projected to impel the global pregnancy testing
Pregnancy testing kits are hugely utilized for the quick detection of pregnancy. Home pregnancy test is one kind of pregnancy test, which is easy to make, affordable and show precise results within some time. When the home pregnancy test provides is used according to the instructions, the resulting accuracy is almost up to 97% to 99%. To detect the HCG hormone, urine pregnancy kit is utilized. HCG hormone is a hormone only produced in the pregnant woman body. In early days of the pregnancy, HCG production is increased and will get doubled for every two to three days in blood. There are several prominent factors that increase the demand for pregnancy test kits such as increasing disposable income, adoption of technological development for detecting pregnancy and growing healthcare expenditure. However, lack of technical proficiency in a woman is a major restraining factor. Increasing demand for easy way to obtain faster results and easily attainable pregnancy kits in online stores and pharmacy stores lead towards the increase in demand for pregnancy test kits.
Huge number of unintentional pregnancies increased awareness amid women is anticipated to provide huge growth opportunities for the industry players. Increase in the count of unintended pregnancies will increase the demand for pregnancy test kits. Furthermore, growing promotional campaigns carried out by manufacturers such as celebrity endorsing for influencing the people living in rural area about the use of pregnancy detection devices is anticipated to drive the pregnancy testing market growth.
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Impact of COVID-19 Pregnancy Testing Market:
In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.
North America to obtain the huge market revenue share in the Global Pregnancy Testing Market
North America is the leading market evaluated to hold the biggest market size during the forecast period 2021-2027 due to the growing fertility disorders, growing awareness amid women lead towards increase in demand for pregnancy kits, increasing fertility disorders, presence of favorable government schemes related to family planning and growing unplanned pregnancy rate. The unplanned pregnancy rate is anticipated to drive the market in United States.
Competitive Analysis:
Industry players in the market are implementing different efficient strategies like collaborations, launches, partnerships, acquisitions and mergers, which lead towards the growth of the pregnancy testing market worldwide. Some leading key players of the market are Abbott Laboratories, EKF Diagnostics Holdings plc, BioMérieux SA, Atlas Medical, Quidel Corporation, BIOSYNEX SA, Prestige Brands Holdings, Swiss Precision Diagnostics (SPD) GmbH, Piramal Enterprises, NG BIOTECH SAS.
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