The latest research study “Pregnancy Detection Kits Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global pregnancy detection kits market size reached US$ 1.42 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.07 Billion by 2028, exhibiting a growth rate (CAGR) of 6.35% during 2023-2028.
Pregnancy detection kits represent diagnostics devices used for an early indication of pregnancy. They are manufactured using a lateral flow device (LFD) that contains various types of paper engineered with pores of several sizes. Pregnancy detection kits comprise a test strip that consists of an absorbent paper, result window, and sample well and aid in detecting the presence of reproductive hormones, including human chorionic gonadotropin (HCG), in the specimens of urine and blood. They are easy to use, reliable, cost-effective, and provide results in a few minutes. In addition, pregnancy detection kits are gaining traction across the globe, as they aid in detecting early pregnancy and promote social and emotional well-being. As a result, these devices find widespread applications across households, hospitals, and gynecology clinics.
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Pregnancy Detection Kits Market Trends and Drivers:
The multiple benefits associated with the early detection of the prenatal period, such as focusing on social and emotional well-being and the rising adolescent pregnancy rate, high birth rate, and the increasing number of unplanned incubations, are primarily driving the pregnancy detection kits market. Besides this, the escalating demand for home-based detection tools to reduce the number of hospital visits and minimize healthcare expenses and the expansion of pharmacies across residential areas are further augmenting the market growth. Moreover, the leading players are focusing on promotional strategies, including celebrity endorsements, banner and television advertisements, and marketing to drive people to use pregnancy detection kits, which is also catalyzing the global market. Apart from this, the emerging trend of urbanization and the inflating purchasing power of the consumer are acting as significant growth-inducing factors. Furthermore, the elevating number of online retail platforms that offer these tools at affordable rates and with easy accessibility through the comforts of the home are anticipated to propel the pregnancy detection kits market over the forecasted period.
Pregnancy Detection Kits Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Who are the key players in the Pregnancy Detection Kits Market?
Abbott Laboratories
Axis Medicare
bioMérieux SA (INSTITUT MERIEUX)
Cardinal Health Inc.
Church & Dwight Co. Inc.
Germaine Laboratories Inc
Mankind Pharma
Piramal Enterprises
QuidelOrtho Corporation
Swiss Precision Diagnostics GmbH (Procter & Gamble Company)
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The report has segmented the market on the basis of
Product Insights:
Home Pregnancy Tests (HPT)
Digital Devices
Others
The report has provided a detailed breakup and analysis of the pregnancy detection kits market based on the product. This includes home pregnancy tests (HPT), digital devices, and others. According to the report, digital devices represented the largest segment.
Test Type Insights:
Urine Test for HCG
Blood Test for HCG
Others
A detailed breakup and analysis of the pregnancy detection kits market based on the test type has also been provided. This includes urine test for HCG, blood test for HCG, and others. According to the report, blood test for HCG accounted for the largest market share.
End User Insights:
Household
Gynecology Clinics
Hospitals
A detailed breakup and analysis of the pregnancy detection kits market based on the end user has also been provided. This includes household, gynecology clinics and hospitals. According to the report, gynecology clinics accounted for the largest market share.
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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