Feb 01, 2021 (The Expresswire) -- Global Pregnancy Detection Kits Market research report provides a Point-by-Point In-Depth analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
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Pregnancy Detection Kits Market competition is assessed by top manufacturers, with production, price, revenue (value), and market share for each manufacturer. It offers a complete evaluation of every area including the volume of the global Pregnancy Detection Kits market in that area in the estimated duration. This well-drafted report entails the existing market status, historical data, and projection outlook. A detailed segmentation analysis of the market is done on regions, types, and applications in the report. The report tracks primary trends that decide future growth prospects in the global market.
Pregnancy Detection Kits Market Report Overview includes major players of the global Pregnancy Detection Kits Market covered in the research study, research scope, Market segments by type, Market segments by application, years considered for the research study, and objectives of the report.The research report explores the Pregnancy Detection Kits market across the globe shows industry summary, definition, and scope along with major regions and countries. The research report provides a detailed study on each and every aspect of Pregnancy Detection Kits Market. Furthermore, the research study classifies the market based on product types, application and end user industries of Pregnancy Detection Kits.
The global pregnancy detection kits market is expected to register a CAGR of 5.9% during the forecast period (2018 - 2023). North America is expected to dominate the market during the forecast period owing to the growing awareness regarding home-based pregnancy detection kits in the region.
Increase in Unplanned Pregnancies
Unplanned pregnancy rate in the US is significantly higher than in any other developed country. According to a report from the Guttmacher Institute in the US, it is estimated that 52% of unintended pregnancies result from couples not using any contraception in the month the woman got pregnant, 43% result from inconsistent or incorrect contraceptive use, and only 5% result from contraceptive failure. Almost 44% pregnancies in Europe and 38% in Asia are unplanned, leading to high demand for pregnancy detection kits. Unplanned pregnancies have been increasing globally. Pregnancy detection kits help women check whether they are pregnant or not. Thus, the demand for pregnancy detection kits is expected to increase in the future. Additionally, changing lifestyle, growing women literacy rate, rise in disposable income, and growing e-commerce is driving the market for pregnancy detection kits.
Lack of Availability and Awareness in Low-income Countries
Pregnancy detection kits are not accessible to women in low-income countries. Easy-to-use, highly accurate dip-strip tests can be purchased from manufacturers for less than ten cents. However, in many countries, pregnancy tests are sold to women at a 2000% markup or more, making them prohibitively expensive. Furthermore, in low-income countries, the pregnancy test kits are not readily available and the lack of awareness along with a low literacy rate of women further restricts the sale of pregnancy kits in these countries. Thus, lack of awareness and lack of availability of pregnancy test kits coupled with a high price of pregnancy kits are likely to impede the growth of the market.
North America to Dominate the Market
North America dominates the pregnancy detection kits market due to the growing awareness regarding pregnancy detection kits and the growing expenditure on personal care products. Asia-Pacific is anticipated to grow tremendously during the forecast period owing to numerous factors, such as a rise in disposable income in developing economies, well-established distribution channel, and growing awareness regarding pregnancy product through strong family planning activities conducted by government organizations.
Key Developments in the Market
December 2017 - Lia Diagnostics Inc., an American Company, developed first biodegradable pregnancy kits. The test will be available in the US market in 2018.
March 2017 - The failed batches of the Genesis Biotech PregSure digital test were the subject of an urgent recall, Minco Import and ExportÃ¢â¬â¢s One Step Pregnancy Test was removed from the register and the sponsor ceased supply
Major Players: ABBOTT LABORATORIES, CARDINAL HEALTH, CHURCH and DWIGHT, GERMAINE LABORATORIES, KENT PHARMACEUTICALS, PIRAMAL ENTERPRISES, PRESTIGE BRANDS HOLDINGS, PROCTER and GAMBLE CO., QUIDEL CORPORATION, and SPD SWISS PRECISION DIAGNOSTICS, AMONG OTHERS.
Reasons to Purchase this Report
Current and future global pregnancy detection kits market outlook in the developed and emerging markets
Analysis of various perspectives of the market with the help of PorterÃ¢â¬â¢s five forces analysis
Identifying the segment that is expected to dominate the market
Regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Pregnancy Detection Kits Market for 2021-2024. To calculate the market size, the report considers new installations or sales and subscription payments of Pregnancy Detection Kits.
The market is divided into the following segments based on geography:
Global Pregnancy Detection Kits Market 2021-2024, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key questions answered in this report
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