According to FutureWise analysis the market for pregnancy test kits in 2023 is US$ 1.44 billion, and is expected to reach US$ 2.2 billion by 2031 at a CAGR of 5.40%.
Pregnancy Test Kits are used to test a female's pregnancy status. As part of the device, trace amounts of human chorionic gonadotrophin (HCG; female pregnancy hormone) are detected, as it rises in the body during the early stages of pregnancy. The continuous technological advancements in pregnancy test kits, the increasing demand for self-contained and rapid tests, and the increasing age of first pregnancy are among the main factors expected to drive growth in the worldwide ovulation and pregnancy test kits market over the forecast period. Various factors, including emergence of new small companies with little or no experience in the medical equipment market and a large price difference between top players and unorganized competitors, impede the growth of the worldwide pregnancy test kits market in the coming years. There is extensive information in this report about the global pregnancy test kits market and its strengths. Globally, the Pregnancy Test Kits market is growing due to the increasing popularity of Pregnancy Test Kits in pharmacies, drugstores, gynecology clinics, hypermarkets and supermarkets, and online sales. In addition to providing important market valuation information, the report shows the segmentation of the market along with the growth opportunities present across this industry.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Pregnancy Test Kits Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Pregnancy Test Kits Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.