Pregnancy Testing Market predicted to cross 1.4 billion by 2022
According to the report Pregnancy Testing Market, published by Market Data Forecast, the Global market is projected to reach USD 1.41 billion by 2022, at a CAGR of 4.7% from 2017 to 2022.
Pregnancy Testing kits are used to detect pregnancy in a female. They are also used to check the levels of FSH and LH in the body.
Home pregnancy tests are gaining popularity over the years and are easily accessible and easy to use.
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Pregnancy Testing Market: Drivers & Restraints
There has been a rise in the demand for fast and convenient tests leading to the market growth. The increasing incidences of infertility and gynaecological disorders among couples, escalating cases of unwanted pregnancies and technological advancements are further driving the market growth.
However the adoption rate is low and the expensive cost of pregnancy detection kits is likely to hamper market growth.
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Pregnancy Testing Market: Segmentation
- Pregnancy test kits
o Mid - stream
o Digital devices
- Ovulation/fertility test kits
o Line indicator devices
o Digital devices
By test type
- FSH urine test
- LH urine test
- Human Chorionic Gonadotrophin Hormone Blood test
- Human Chorionic Gonadotrophin Hormone urine test
- North America
o United States
o South Korea
- Latin America
o Rest of Latin America
- Middle East & Africa
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Pregnancy Testing Market: Overview
Pregnancy test kits accounted for a major share of the market revenue. Human Chorionic Gonadotrophin Urine test segment holds a major share of the market and is expected to grow at a high pace.
The Pregnancy Testing Market is dominated by North America. Asia Pacific and Latin America are important markets and are expected to grow at a high CAGR.
Pregnancy Testing Market: Key Players
The Pregnancy Testing market is highly competitive with a large number of players. Some of the major Companies are Alere Inc., Quidel Corporation, Prestige Brands Holdings, Church & Dwight Co., Inc., bioMérieux SA, Geratherm Medical AG, Germaine Laboratories, Abbott Laboratories, Kent Pharmaceuticals, Rite-Aid, Procter & Gamble Co., DCC Plc., and Swiss Precision Diagnostics GmbH
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