Global Pregnancy Detection Kits Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024
Global pregnancy detection kits market is expected to grow from USD 1,200 million in 2017 to USD 2,100 million in 2024, at a vigorous CAGR of 7.7% from 2018 to 2024.
The growth in the market is attributed to the growing demand for self-detecting pregnancy kits, increasing government support for the use of pregnancy tests, and technological advancement in pregnancy test kit. Moreover, increasing adolescent pregnancy rate and new product launches are also driving the market growth.
The years used for the assessment are as follows;
Historical year: 2014, 2015, and 2016
Base year: 2017
Forecast period: 2018 – 2024
The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
Obtaining historical data of the market based on news, articles, publications, government websites, annual reports, press releases, white papers, surveys, investor presentation of companies, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year Impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total pregnancy detection kits market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global pregnancy detection kits market
Finalizing the overall size and share of the global pregnancy detection kits market
To analyze market trends, opportunities, drivers, and restraints associated with the global pregnancy detection kits market
To study market response with respect to the mergers and acquisitions in the industry
To profile key companies operating in the pregnancy detection kits market and provide their competitive landscape
The research scope for global pregnancy detection kits market is as follows:
By Products Type
Home Pregnancy Tests (HPT)
Test Cassette Format
Test Strip Format
Test Midstream Format
By Type of Test
Urine test for HCG
Blood test for HCG
By Distribution Channel
Independent Pharmacies Store
Rest of the World (RoW)
Pregnancy test includes urine pregnancy test, home pregnancy test, and over-the-counter pregnancy test. Pregnancy tests are designed to provide positive and negative results. The growth in the pregnancy test kits market is primarily attributed to the ease of availability and advance technology used in home pregnancy test kits. Moreover, growing demand of pregnancy test kits in developing regions, such as India, China, and Africa owing to increasing adolescent pregnancy rate is expected to drive the market growth during the forecast period. Additionally, strong government support for the usage of pregnancy test kits in family planning is expected to result in high market growth in these regions.
Geographically, the global pregnancy detection kits market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America held the largest share of the market in 2017. The growth in the region is attributed to the growing demand for self-detecting pregnancy kits and increasing awareness among people. Moreover, new product launches owing to presence of major players in the region is also driving the market growth. The growth of pregnancy detection kits market in the Europe is primarily due to the technological advancements in pregnancy detection kits. Asia-Pacific is expected to witness the highest CAGR during the forecast period owing to growing awareness about home based pregnancy detection kits, and easy availability of pregnancy detection kits in the region. The growth in pregnancy detection kits market in the Rest of the World (RoW) is primarily due to increasing adolescent pregnancy rate in the region.
Some of the key companies operating in the market include Church & Dwight Co., Inc., Quidel Corporation, Cardinal Health, Confirm Biosciences, Inc., Procter & Gamble., Prestige Brands, Inc., Mankind Pharma Ltd, Sugentech Incorporated, EKF Diagnostics Holdings plc, Jant Pharmacal Corporation, and Abbott Laboratories.