NEW YORK, Oct. 17, 2018 (GLOBE NEWSWIRE) -- The global pregnancy detection kits market is expected to grow from USD 1,200 million in 2017 to USD 2,100 million in 2024, at a CAGR of 7.7% from 2018 to 2024. The growth in the market is attributed to the growing demand for self-detecting pregnancy kits, increasing government support for the use of pregnancy tests, and technological advancement in pregnancy test kits. Moreover, increasing adolescent pregnancy rate, and new product launches are also driving the market growth. However, concerns regarding inaccurate test results may hamper the market growth to some extent.
Key findings from the report:
- On the basis of products type, the home pregnancy tests (HPT)segment held the major share of the market in 2017, owing to technological advancements and growing number of product approvals. Moreover, growing research and development activities, and easy availability of home pregnancy test kits has further augmented the market growth.
- Geographically, North America held the major share of the global market in 2017
- Some of the key companies operating in the market include Church & Dwight Co., Inc., Quidel Corporation, Cardinal Health, Confirm Biosciences, Inc., Procter & Gamble., Prestige Brands, Inc., Mankind Pharma Ltd, Sugentech Incorporated, EKF Diagnostics Holdings plc, Jant Pharmacal Corporation, and Abbott Laboratories
Rising Demand for Pregnancy Detection Kits
Pregnancy test is based on the detection the level of human chorionic gonadotropin (HCG) in urine. The pregnancy detection test kit detects the presence of HCG level to confirm the pregnancy. The demand of pregnancy test kit is increasing due to growing demand for easy and convenient ways to get immediate results, and easy availability of pregnancy kits in various distribution channels, such as pharmacy and online stores. Furthermore, technological advancements such as smart countdown and digital test kits are also expected to drive the market growth over the forecast period.
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Pregnancy Detection Kits Market – Regional insight
Geographically, the global pregnancy detection kits market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America held the largest share of the market in 2017. The growth in the region is attributed to the growing demand for self-detecting pregnancy kits and increasing awareness among people. Moreover, new product launches owing to presence of major players in the region is also driving the market growth. The growth of pregnancy detection kits market in the Europe is primarily due to the technological advancements in pregnancy detection kits. Asia-Pacific is expected to witness the highest CAGR during the forecast period owing to growing awareness about home based pregnancy detection kits, and easy availability of pregnancy detection kits in the region. The growth in pregnancy detection kits market in the Rest of the World (RoW) is primarily due to increasing adolescent pregnancy rate in the region.
This report segments global pregnancy detection kits market based on product type, type of test, distribution channel, end-user and region.
By Products Type
- Home Pregnancy Tests (HPT)
° Test Cassette Format
° Test Strip Format
° Test Midstream Format - Digital Devices
- others
By Type of Test
- Urine test for HCG
- Blood test for HCG
- others
By Distribution Channel
- Online Pharmacies
- Hospital Pharmacies
- Independent Pharmacies Store
By End-user
- Gynecology Clinics
- Hospitals
- Household
By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
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