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Pregnancy Detection Kits Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type ((Line Indicators (Strips, Cassettes, Mid-stream Devices), Digital Devices, Others)), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), By Region and Competition


Published on: 2024-11-15 | No of Pages : 320 | Industry : Healthcare

Publisher : MIR | Format : PDF&Excel

Pregnancy Detection Kits Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type ((Line Indicators (Strips, Cassettes, Mid-stream Devices), Digital Devices, Others)), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), By Region and Competition

Number of employed women in the United States stood at 74.09 million in 2022.

Pregnancy detection kits are devices used by women to confirm whether they are pregnant or not. These kits work by detecting the presence of the human chorionic gonadotropin (hCG) hormone in the urine of the woman. The hCG hormone is produced by the placenta after a fertilized egg attaches to the uterus. Pregnancy detection kits have become an essential tool for women who are trying to conceive or are concerned about a possible pregnancy. The global pregnancy detection kits market has seen significant growth in recent years, and this trend is expected to continue in the future.

Increasing Awareness Regarding Family Planning

The demand for family planning among population in Japan is expected to reach around 68% by 2030.

The growing number of government initiatives aimed at promoting family planning is also driving the growth of the pregnancy detection kit market. Governments are now investing in programs aimed at promoting family planning and making pregnancy detection kits more widely found at. This has led to an increase in the number of women who are aware of the benefits of early detection of pregnancy and are using pregnancy detection kits to test for pregnancy, hence creating lucrative opportunities for the growth of global pregnancy detection kits market.

Sudden Outbreak & Spread of COVID-19 Driving Market Growth

The rising number of people infected with the virus had a substantial impact on medical care around the world. Strict norms and regulations regarding the control of the coronavirus made users to refrain from visiting the centers and facilities for the early detection and confirmation of the pregnancy. Also the availability of the kits on the online websites helped customers meet the requirement and is one of the major contributing factors for growth of the

The growth of e-commerce platforms is also driving the pregnancy detection kit market. Online platforms offer women the convenience of purchasing pregnancy detection kits from the comfort of their own homes. Online platforms also provide women with a greater choice of pregnancy detection kits, and they are often offered at discounted prices. This has led to an increase in the number of women purchasing pregnancy detection kits online. This in turn is expected to drive the growth of global pregnancy detection kits market.

Furthermore, the rise of telehealth services has also impacted the pregnancy detection kit market. Telehealth services provide women with access to healthcare professionals who can offer advice and guidance on pregnancy-related issues. This has led to the development of telehealth pregnancy detection kits that can be used in conjunction with telehealth services. These kits are shipped directly to the woman's home and can be used to test for pregnancy under the guidance of a healthcare professional.


MIR Segment1

Growth in usage of Mid-stream Devices compared to Strips

The Mid-stream Devices are much easier to use as compared to the strips. The strips style testing kits are smaller as compared to the mid-stream devices and there is no requirement for any additional components or devices for performing the tests. But strips cannot be placed in the urine flow reason being the product has to be avoided from getting moistened. It is performed with the help of cup or container and collecting urine sample into it. Midstream tests are used to perform test either by placing in urine flow or by placing testing kit in containers or cups. In terms of efficiency and sensitivity both have the same value of 99%.

North America contributing to the Market Growth

A rising number of unwanted pregnancies, increased awareness of pregnancy detection kits, , and the presence of significant market competitors are some of the factors driving market expansion in the North American region. Pregnant women with COVID-19 are at an elevated risk of preterm delivery and may have an increased risk of other unfavorable pregnancy outcomes, according to a May 2021 study from the Centers for Disease Control and Prevention (CDC). The pregnancy detection kits market in North America is predicted to grow, as demand for self-test kits and point-of-care testing kits rises due to people choosing to stay at home rather than attend hospitals during the pandemic. According to Statistics Canada 2020, during the coronavirus pandemic in Canada, sales of family planning items such as pregnancy tests and contraception increased dramatically. The companies of North American market are adopting numerous strategies like introducing new products, research and development, acquisition, and collaboration for increasing market share.

Increasing Healthcare Expenditure by Govt. and users will support Market Growth

The existing healthcare and medical device industry is predicted to benefit from rising healthcare expenditures in various countries throughout the world. This, in turn, is predicted to have a positive impact on market growth through 2028. According to the World Health Organization, worldwide healthcare spending was over USD 8.3 trillion in 2018, accounting for about 10% of global GDP, and is anticipated to reach USD 10 trillion by 2024. The sudden breakout and spread of the COVID-19 pandemic, on the other hand, raised demand for healthcare services, while spending on lifestyle and other diseases decreased across countries. Because of rising demand for other healthcare services, this expenditure is likely to rise in the next years, creating chances for development of the global Pregnancy Detection Kits market.

Market Segmentation

Global Pregnancy Detection Kits market is segmented based on product


MIR Regional

Company Profiles

Abbott Laboratories, Inc.,

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Product Type

 

Type of Test

Distribution Channel

Regional Scope

North America; Europe; Asia Pacific; South America; Middle East and Africa

Country Scope

United States; Canada; Mexico; United Kingdom; Germany; France; Spain; Italy; China; India; Japan; Australia; South Korea; i; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE

Key Companies Profiled

Abbott Laboratories, Inc., Cardinal Health, Inc., Piramal Enterprises Ltd., Procter & Gamble Co., Quidel Corporation, Church & Dwight Co., Inc., Germaine Laboratories, Inc., Kent Pharmaceuticals Limited, Prestige Consumer Healthcare Inc., Swiss Precision Diagnostics GmbH

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

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PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )