“The Pregnancy Testing Market is anticipated to grow at significant CAGR over the forecast years to reach about US$ 1,497.9 Mn by 2025 due to surge R&D activities for the launch of newer test kits into market”.
Precision Business Insights (PBI) in its report titled “Pregnancy Testing Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
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The pregnancy testing market estimated to reach US$ 1,497.9.9 Mn by 2025. The factors contributing the growth of global pregnancy testing market are surge in the female population coupled with surge in awareness about the point-of-care pregnancy test kits among the population across the globe. Moreover, rise in R&D for the development of advanced test kits such as digital devices, low cost of testing devices, and better availability of the products are anticipated to bolster the pregnancy testing market over the forecast years. However, chances of inaccuracy in test results, stringent regulations for the product approval, and product recall are anticipated to restrain the growth of pregnancy testing market over the forecast years. For instance, in October 2018, Guangzhou Wondfo Biotech recalled the company’s digital pregnancy test kits due to false positive results,
Patient monitoring devices market segmented on the basis of product type, test type, technology, end user, and region.
Human Chorionic Gonadotropin (hCG) Hormone Urine Test Segment Expected to Dominate the Market
Based on test type, the pregnancy testing market segmented into FSH Urine Test, Luteinizing Hormone (LH) Urine Test, Human Chorionic Gonadotropin (hCG) Hormone Blood Test, Human Chorionic Gonadotropin (hCG) Hormone Urine Test. hCG hormone urine test dominated the pregnancy testing market in 2018 and is expected to maintain its dominance over the forecast period attributed to increase in awareness about the devices among the population, development of technologically advanced devices such as point-of-are devices, and low cost of devices. However, hCG hormone blood test segment expected to grow at highest growth rate and creates lucrative opportunities over the forecast years.
North America, Accounts for Major Revenue Share for Pregnancy Testing Market
Precision Business Insights (PBI), pregnancy testing market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for highest share in 2018 due to increase in R&D for the development of newer devices by the market players, presence of huge number of market players, and high awareness among the population in USA and Canada. Asia Pacific is anticipated to show a significant growth rate owing to large pool of population, surge in female population in emerging countries and rise in disposable income are boost the market.
Product Approval and Product Launch Play Vital Role in Pregnancy Testing Market
Approval from US FDA and launch of the product will play an important role in the development of the market. For instance, In 2015 April, Abbott Laboratories received U.S. FDA approval for its I-STAT TOTAL HCG test for the rapid and accurate detection of HCG hormone in pregnant women
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Key players in the market include Procter & Gamble Co (U.S.)., Alere Inc. (U.S.), Church & Dwight (U.S.), Germaine Laboratories (U.S.), SPD Swiss Precision Diagnostics (Switzerland), Piramal Enterprises (India), Abbott Laboratories (U.S.), DCC plc (Ireland), Cardinal Health (U.S.), Prestige Brands Holdings (U.S.), Kent Pharmaceuticals (UK), and Quidel Corporation (U.S.).
By Product Type
Strips/Dip Sticks & Cards
By Test Type
FSH Urine Test
Luteinizing Hormone (LH) Urine Test
Human Chorionic Gonadotropin (hCG) Hormone Blood Test
Human Chorionic Gonadotropin (hCG) Hormone Urine Test
By Distribution Channel
Rest of Europe
Rest of Asia Pacific
Res of Latin America
Middle East and Africa
Rest of MEA
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