Press release
Female Fertility And Pregnancy Rapid Test Market Trends 2024-2033
Female Fertility And Pregnancy Rapid Test Market Trends
According to The Business Research Company's, The female fertility and pregnancy rapid test market size has grown strongly in recent years. It will grow from $1.35 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increased awareness of reproductive health, delay in childbearing age, cultural and societal changes, rising maternal age, over-the-counter availability..
The female fertility and pregnancy rapid test market size is expected to see strong growth in the next few years. It will grow to $1.85 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to personalized medicine approaches, rising interest in natural family planning, global fertility tourism, government initiatives for family planning, affordable healthcare initiatives.. Major trends in the forecast period include digital health integration, telemedicine adoption, partnerships and collaborations in the healthcare industry, online retail channels for test kit sales, innovations in ovulation prediction tests..
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Market Drivers and Trends:
The increasing incidence of gynecological disorders is expected to propel the growth of the female fertility and pregnancy rapid test market going forward. A gynecological problem is a medical ailment that affects the female reproductive organs, specifically the breasts and abdominal and pelvic organs such as the womb (uterus), ovaries, vagina, fallopian tubes, Fertility testing can be performed to identify ovulation and/or to diagnose infertility, which is defined as the inability to procreate naturally which in turn helps in reducing gynecological disorders. For instance, in July 2022, according to a report published by the National Library of Medicine, a US-based medical library, the prevalence of gynecological disorders include disposable uterine fibroids (14.23%), spontaneous abortion (13.20%), ovarian dysfunction (11.16%), endometriosis (4.09%) and dysmenorrhea (45.96%). Therefore, the increasing incidence of gynecological disorders is driving the growth of the female fertility and pregnancy rapid test market.
Product innovations are the key trend gaining popularity in the female fertility and pregnancy rapid test market. Major companies are developing innovative test kits to sustain their position in the market. For instance, in November 2022, Salignostics, Israel-based research, and development firm specializing in the development of saliva-based rapid diagnostic assays launched Sailstick, a saliva-based pregnancy test. Salistick is the first rapid saliva-based pregnancy test with an improved user interface and high accuracy for detecting early pregnancy. The kit is based on the company's ground-breaking technology for detecting the pregnancy hormone -HCG in saliva. People who take the test enter one component of the test kit into their mouth for several seconds to collect saliva and then into a testing tube, which produces results in less than 10 minutes.
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Major Key Players of the Market:
Abbott Laboratories; Atlas Medical GmbH; bioMérieux SA; Quidel Corporation; Egens Group; Eurofins Scientific SE; Everlywell Inc.; Genea Pty Limited; Geratherm Medical AG; Mankind Pharma Ltd.; SA Scientific Ltd.; Artron Laboratories Inc.; PRIMA Lab SA; The Procter & Gamble Company; Alere Inc.; Prestige Brands Holdings Inc.; SPD Swiss Precision Diagnostics GmbH; Fairhaven Health LLC; Fertility Focus Limited; HiLin Life Products Inc.; Home Access Health Corporation; Inverness Medical Innovations Inc.; Piramal Enterprises Ltd.; TTK Healthcare Ltd.; UEBE Medical GmbH; Wondfo Biotech Co. Ltd.; Bio-Techne Corporation; Creative MicroTech Inc.; Fluxion Biosciences Inc.; ScreenCell SAS
Female Fertility And Pregnancy Rapid Test Market 2024 Key Insights:
• The female fertility and pregnancy rapid test market will grow to $1.85 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• Rising Incidence Of Gynecological Disorders Fuels Growth In The Female Fertility And Pregnancy Rapid Test Market
• Revolutionizing Women's Health Through The Surge Of Innovative Test Kits In The Female Fertility And Pregnancy Rapid Test Market
• North America was the largest region in the female fertility and pregnancy rapid test market in 2023
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