Dublin, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The "Pregnancy Detection Kits - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Pregnancy Detection Kits was estimated at US$1.3 Billion in 2023 and is projected to reach US$1.8 Billion by 2030, growing at a CAGR of 4.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the pregnancy detection kits market is driven by several factors. The increasing awareness of early pregnancy detection and the growing demand for convenient, at-home diagnostic tools are significant drivers. Technological advancements that enhance the accuracy, sensitivity, and ease of use of these kits are also propelling market growth. The rising trend of women opting for over-the-counter pregnancy tests for privacy and convenience is further boosting demand.
Additionally, the expansion of online retail channels, which make these kits more accessible, is contributing to market growth. The increasing focus on women's health and the availability of advanced features in pregnancy detection kits, such as digital readouts and connectivity with health apps, are further driving the market. These factors, combined with the continuous innovation in diagnostic technologies, are driving the sustained growth of the pregnancy detection kits market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Home Pregnancy Tests (HPT) segment, which is expected to reach US$805.2 Million by 2030 with a CAGR of a 5.7%. The Digital Devices segment is also set to grow at 4.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $346.3 Million in 2023, and China, forecasted to grow at an impressive 8.3% CAGR to reach $391.7 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Pregnancy Detection Kits Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Alere, Inc., Church & Dwight Co., Inc., Confirm BioSciences, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.3 Billion |
| Forecasted Market Value (USD) by 2030 | $1.8 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- World Market Trajectories
- Pregnancy Detection Kits - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Rising Awareness of Early Pregnancy Detection Propels Market Growth
- Technological Innovations in Test Accuracy and Convenience Enhance Product Offerings
- Increasing Preference for Home-based Testing Expands Addressable Market
- Growing Awareness of Reproductive Health Throws the Spotlight on Pregnancy Kits
- Government Initiatives and Health Campaigns Strengthen Business Case
- Expansion of E-commerce Platforms Boosts Product Accessibility and Sales
- Rising Incidence of Unplanned Pregnancies Drives Demand
- Focus on Cost-effective and Easy-to-use Kits Sustains Market Growth
- Increasing Adoption of Digital and Connected Devices Propels Market Dynamics
- Growing Availability in Pharmacies and Retail Stores Enhances Market Reach
- Increasing Global Population and Family Planning Initiatives Accelerate Market Dynamics
- Regulatory Approvals and Product Standardization Enhance Market Prospects
FOCUS ON SELECT PLAYERS (Total 44 Featured):
- Alere, Inc.
- Church & Dwight Co., Inc.
- Confirm BioSciences
- CVS Health Corporation
- Mankind Pharma Ltd.
- Philippine Blue Cross Biotech Corporation
- Prestige Brands Holdings, Inc.
- Quidel Corporation
For more information about this report visit https://www.researchandmarkets.com/r/dtclh5
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