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Ovulation Testing Kits Global Market Report 2024 - By Size, Share, Key Trends, Demand And Forecast To 2033
Ovulation Testing Kits Market
As per the report, the ovulation testing kits market size has grown rapidly in recent years. It will grow from $2.74 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The ovulation testing kits market size is expected to see rapid growth in the next few years. It will grow to $4.49 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%.
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Declining Fertility Rates Globally Drive Growth In Ovulation Testing Kits Market
The declining fertility rates are expected to propel the ovulation testing kits market going forward. Fertility rates refer to the number of live births in a population over a specific period, typically expressed as the number of births per 1,000 women of childbearing age (usually aged 15-49) in a year. The declining fertility rate is due to increased education and career opportunities for women, improved access to and use of contraceptives, delayed marriage and childbearing, and high costs of living. Ovulation testing kits serve as valuable tools for individuals or couples facing low fertility rates by offering a non-invasive and accessible method for optimizing the timing of intercourse and improving the chances of conception. For instance, in February 2024, according to the Office for National Statistics, a UK-based governmental organization, the total fertility rate (TFR) declined to 1.49 children per woman in 2022, compared to 1.55 children per woman in 2021. Therefore, the declining fertility rates are driving the growth of the ovulation testing kits market.
Partnership To Provide Technological Advanced Solution
Major companies operating in the ovulation testing kits market are focused on forming strategic partnerships to gain a competitive edge in the market. Strategic partnerships refer to collaborative efforts between key players in the industry to enhance their market presence, expand product offerings, and capitalize on emerging opportunities. These partnerships involve alliances, joint ventures, collaborations, and agreements between manufacturers, distributors, healthcare providers, and other stakeholders to achieve mutual objectives and drive growth in the market. For instance, in November 2022, Innova Medical Group, a US-based healthcare company manufacturing antigen tests for COVID-19, partnered with iXensor, a Taiwan-based company offering a technology platform for mobile health diagnosis, to launch the 'PHRONESIA Smart Ovulation Test, an intelligent ovulation test. It is integrated with PixoTech technology and powered by iXensor Technology. PixoTech technology has the potential to significantly meet the rising demands for smart at-home testing by collaborating with lateral flow assay manufacturers, pharmaceutical companies, and MedTech innovators.
The ovulation testing kits market covered in this report is segmented -
1) By Product Type: Urine-Based, Saliva-Based, Salivary Ferning
2) By Distribution Channel: Pharmacies And Drugstores, Hypermarkets And Supermarkets, E-Commerce, Other Distribution Channels
3) By End User: Hospitals, Clinics, Diagnostic Centers, Fertility Centers, Home Care Settings, Other End Uses
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Major companies operating in the ovulation testing kits market are Churc*h & Dwight* Co Inc, Piramal Enterprises Inc., Meril Diagnostics Pvt Ltd, Roman Health Ventures Inc, BIOSYNEX SA, Boditech Med Inc., Mankind Pharma Ltd., Innovita Biological Technology Co., Ltd., Hangzhou Clongene Biotech Co., Ltd., Swiss Precision Diagnostics GmbH, Artron Laboratories Inc., Wondfo Biotech Co., Ltd., AdvaCare Pharma, Proov, Shanghai Chemtron Biotech Co., Ltd., Apollo Pharmacy Pvt. Ltd., Ava Science Inc., Clinical Guard Ltd., Fairhaven Health LLC, Femometer Ltd., iProven, Megna Health Inc., Easy Healthcare Corporation (Premom), Biotrol Laboratories Private Limited, Tulip Diagnostics Pvt. Ltd.
Contents of the report:
1. Executive Summary
2. Ovulation Testing Kits Market Report Structure
3. Ovulation Testing Kits Market Trends And Strategies
4. Ovulation Testing Kits Market - Macro Economic Scenario
5. Ovulation Testing Kits Market Size And Growth
…..
27. Ovulation Testing Kits Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- Ovulation Test Market was valued at USD 4.5 Billion in 2020 and is projected to reach USD 18.8 Billion by 2028, growing at a CAGR of 3.85% from 2021 to 2028.
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Summary
Orbis Research Present's Global Ovulation Test Market 2017 Industry Trend and Forecast 2021 enhances the decision making capabilities and helps to create an effective counter strategies to gain competitive advantage.
Description
The Global Ovulation Test market report offers a comprehensive evaluation of the Global Ovulation Test industry. This report evaluates the Global market for "Global Ovulation Test".
The Global Ovulation Test market report report provides complete analysis of the Global Ovulation Test market…
