Research Nester published a report titled “Pregnancy Test Kit Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global pregnancy test kit market in terms of market segmentation by type, distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global pregnancy test kit market is estimated to garner a notable CAGR over the forecast period, which is, 2022-2031. The market is segmented by distribution channel in top harmacies, drug stores, maternity clinics, and online sales. Out of which, the pharmacies sub-segment is estimated to grow significantly during the forecast period owing to easy availability and higher accessibility of test kits in pharmacies. Moreover, governments all over the world are raising awareness regarding the usage of pregnancy test kits. On account of escalating government initiatives regarding women’s health, the global pregnancy test kit market is expected to witness remarkable growth during the forecast period.
The global pregnancy test kit market is expected to grow during the forecast period on the back of rising initiatives taken by governments. It has been noticed that greater availability of pregnancy self-tests leads to an improved health outcome in pregnant women. Furthermore, with the advent of the pandemic, people are eliminating unnecessary visits to the hospitals and are opting for easy measures to diagnose pregnancy. On account of this, the global pregnancy test kit market is expected to grow significantly during the forecast.
Regionally, the global pregnancy test kit market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America region is estimated to witness significant growth over the forecast periodowing to the presence of state-of-the-art healthcare infrastructure. The Asia Pacific region is also estimated to witness significant growth over the forecast period on account of the good initiatives taken by the government.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Rising Government Initiatives to Boost the Global Pregnancy Test Kit MarketGrowth
The data given by the US Department of Health & Human Services states that a home pregnancy test can tell whether a woman is pregnant with almost 99% accuracy.
The rising government initiatives are expected to boost the global pregnancy test kit market during the forecast period. Mortality rate of new born kids and mothers are very high in underdeveloped countries. Such countries also face the issue of teen pregnancies. With the help of pregnancy test kits, early confirmation of pregnancy can be achieved, and women can make the right decision for their health. On the back of this, the global pregnancy test kit market is expected to grow during the forecast period.
However, lacking awareness regarding reproductive health is expected to operate as a key restraint to the growth of the global pregnancy test kit market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global pregnancy test kit market which includes company profiling of bio Merieux SA, Easy Healthcare Corporation, Atlas Medical Group., Cardinal Health, Inc., Egens Group, EKJ Diagnostics Holdings PLC, Germaine Laboratories, Inc., Mankind Pharma Ltd., Piramal Enterprises Ltd., and Quidel Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global pregnancy test kit market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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