The rising prevalence of unplanned pregnancy, technological advancement in the field of diagnosis, along with the changing lifestyles are driving the demand for the market.
Market Size – USD 808.2 million in 2019, Market Growth - CAGR of 8.1%, Market Trends – increase in unplanned pregnancies coupled with the changing lifestyles.
The global homecare pregnancy test kits market is forecast to reach USD 1391.8 million in 2027, according to a new report by Reports and Data. The global homecare pregnancy test kit market is growing at a substantial pace owing to the growing acceptance and inclination of the patients towards the newly invented advanced testing kits over the conventional ones. In order to substantialize the testing technique, every year, the research and development are carried out tremendously, and government bodies invest a handful of the amount in their R&D, which fuels up the market growth by a large margin during the forecast period.
The key factors responsible for driving the growth of the homecare pregnancy test kit market include the technological advancements in testing, a rise in the incidence of unplanned pregnancy globally, an increasing number of R&D, and improving effectiveness and clinical outcomes of the testing kits. Besides, the increase in healthcare expenditure and increasing demand for self-contained and quick test results coupled with the increasing age of women having first pregnancy are propelling the market growth. There is also the rapidly increasing disposable income in developing countries like India and China, which is coupled with the fact that the middle class in these regions is expanding on a large scale. Thus, the increasing investments the key market players for product development in the emerging market are expected to drive the growth of the overall market eventually. Furthermore, due to constant product innovation and enhanced accuracy, the adoption of an enhanced marketing strategy is driving the market during the forecast period.
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The report puts an emphasis on the information regarding the key players with a special focus on their company profile, business overview, recent advancements, product catalog, and strategic business plans. It provides a comprehensive overview of the strategic alliances in the market under taken by the key players such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, brand promotions, and corporate deals, among others.
Key companies operating in the market and profiled in the report include:
Abbott Laboratories Boditech Med Inc. Cardinal Health Confirm Biosciences Germaine Laboratories Siemens Piramal Enterprises Danaher Corporation Procter & Gamble Co., and Quidel Corporation
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The Homecare Pregnancy Test Kits market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to offer key insights into market growth, market size, market share, revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Type of test Outlook (Revenue, USD Billion; 2017-2027)
- Urine Test for HCG
- Home Blood Test Kits for HCG
Product Outlook (Revenue, USD Billion; 2017-2027)
- Digital Devices
- Strips/Dip Sticks & Cards
- Line Indicators
Sales Channel Outlook (Revenue, USD Billion; 2017-2027)
- Drug Store
Key Regions Analyzed in the Report include:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Furthermore, it consists information about individual segment of the Homecare Pregnancy Test Kits market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Key Benefits of the Report:
- Comprehensive overview of the changing dynamics of competitive landscape
- Detail oriented futuristic prospects of factors driving and restraining growth of the market
- Valuable insights on key market growth driving trends and monetary competence in the forecast period
- Strategic recommendations to key players and new entrants to overcome barriers and challenges in the market
- Revenue forecasts for the period of 2021-2027
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