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Pregnancy Test Kits Market Size, Share, Trends, Growth Analysis, Demand And Forecast 2024-2033 | Johnson & Johnson, Procter & Gamble Co., Abbott Laboratories, BioMerieux SA
Pregnancy Test Kits Market Report
The Business Research Company presents an extensive market research report on the Pregnancy Test Kits Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The pregnancy test kits market size has grown strongly in recent years. It will grow from $1.7 billion in 2023 to $1.8 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to development of early pregnancy tests, increased women's health awareness, educational campaigns, global population growth, home testing convenience, rise of e-commerce.
The pregnancy test kits market size is expected to see strong growth in the next few years. It will grow to $2.24 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rising fertility awareness, market expansion in developing countries, regulatory support for home testing kits, telehealth adoption, customization and personalization. Major trends in the forecast period include digital pregnancy tests, home-based and self-testing options, integration of smartphone technology, integration of artificial intelligence, point-of-care testing..
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Key Market Players:
Johnson & Johnson, Procter & Gamble Co., Abbott Laboratories, BioMerieux SA, Alere Inc, Piramal Enterprises Ltd, Quidel Corporation, Mankind Pharma, Cardinal Health Inc., Healthpoint, EKF Diagnostics Holdings PLC, Sugentech Inc, Egens Group, INTEC Group, Medsource Ozone Biomedicals, SPD Swiss Precision Diagnostics, Geratherm Medical AG, Princeton BioMeditech Corporation, Cupid Limited, Easy Healthcare Corporation, Axis Medicare Ltd., Gregory Pharmaceutical Holdings Inc, AccuQuik Test Kits, Sara Health Care Pvt Ltd., Hicks Thermometers India Limited, Fairhaven Health LLC, Atlas Medical Group, Germaine Laboratories Inc. are prominent players in the industry.
Market Drivers:
The rising rate of unplanned pregnancies is expected to propel the growth of the pregnancy test kits market. Unplanned pregnancies are defined as pregnancies that are either unwanted or unplanned, such as those that happen when no children or additional children are desired. A pregnancy test kit can determine if a woman is pregnant, regardless of whether the pregnancy is planned or unplanned, and helps to decide the pregnancy. For instance, in March 2022, according to the United Nations Population Fund, a US-based sexual and reproductive health agency, there are 121 million unintended pregnancies globally each year. Moreover, Afghanistan's unintended pregnancies are expected to reach 4.8 million in 2025. Therefore, the rising rate of unplanned pregnancies is expected to drive the growth of the pregnancy test kits market.
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https://www.thebusinessresearchcompany.com/report/pregnancy-test-kits-global-market-report
Market Segments Include:
1) By Type: Blood Test For Human Chorionic Gonadotropin (HCG), Urine Test For Human Chorionic Gonadotropin (HCG)
2) By Distribution Channel: Retail, Online
3) By Application: Hospitals, Clinics, Households, Pharmacies
4) By End-Users: Professionals, Home-Based
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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