IMARC Group, a leading market research company, has recently releases report titled “Pregnancy Detection Kits Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” 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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What are the growth prospects and trends in the Pregnancy Detection Kits industry?
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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.
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)
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Insights:
- Home Pregnancy Tests (HPT)
- Digital Devices
- Others
Test Type Insights:
- Urine Test for HCG
- Blood Test for HCG
- Others
End User Insights:
- Household
- Gynecology Clinics
- Hospitals
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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
