Pregnancy detection kits are medical devices that are used to identify early signs of pregnancy in women. The device detects a small amount of HCG (Human Chorionic Gonadotrophin; female pregnancy hormone), which expands within the human body during the early stages of pregnancy. Home pregnancy tests are inexpensive, simple to use, and yield results in a short amount of time. When used according to the directions, the kit offers 97 percent to 99 percent accurate findings. Pregnancy detection kits measure hormones in our blood or urine samples, such as human chorionic gonadotropin (hCG), to determine whether or not a woman is pregnant.
MARKET SCOPE
The "Global Pregnancy Detection Kits Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the pregnancy detection kits market with detailed market segmentation by product type, test type and end user. The report provides key statistics on the market status of the leading pregnancy detection kits market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type the market is segmented as, home pregnancy test, digital devices and others.
- Based on test type the market is segmented as, urine test for HCG, blood test for HCG and others.
- Based on end user the market is segmented as, household, gynecology clinics and hospitals.
MARKET DYNAMICS
Drivers:
- Increasing demand for pregnancy detection kits and self detection kits.
- Technological advancements in pregnancy detection kits.
- Untapped potential in emerging economies is expected to fuel the market growth.
Restraints:
- Whereas, lack of awareness about pregnancy detection kits in some developing nations along with high cost of the kits are the restraining factors for the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The pregnancy detection kits market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the pregnancy detection kits market in these regions.
IMPACT OF COVID-19 ON PREGNANCY DETECTION KITS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the pregnancy detection kits market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from pregnancy detection kits market are anticipated to lucrative growth opportunities in the future with the rising demand for pregnancy detection kits in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the pregnancy detection kits market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Abbott
- SPD Swiss Precision Diagnostics
- Cardinal Health
- Church and Dwight Co., Inc
- Piramal Enterprises
- Germaine Laboratories, Inc
- Quidel Corporation
- Mankind Pharma
- Confirm BioSciences
- Prestige Brands Holdings Inc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.