Pregnancy Test Kits Market Forecast 2024-2033: Growth Rate, Drivers, And Trends|Johnson & Johnson, Procter & Gamble Co., Abbott Laboratories, Church & Dwight Co Inc., BioMerieux SA

The Pregnancy Test Kits Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Pregnancy Test Kits Global Market Report 2024, The pregnancy test kits market size has grown strongly in recent years. It will grow from $1.7 billion in 2023 to $1.8 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to development of early pregnancy tests, increased women’s health awareness, educational campaigns, global population growth, home testing convenience, rise of e-commerce..

The pregnancy test kits market size is expected to see strong growth in the next few years. It will grow to $2.24 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rising fertility awareness, market expansion in developing countries, regulatory support for home testing kits, telehealth adoption, customization and personalization.. Major trends in the forecast period include digital pregnancy tests, home-based and self-testing options, integration of smartphone technology, integration of artificial intelligence, point-of-care testing..

The rising rate of unplanned pregnancies is expected to propel the growth of the pregnancy test kits market. Unplanned pregnancies are defined as pregnancies that are either unwanted or unplanned, such as those that happen when no children or additional children are desired. A pregnancy test kit can determine if a woman is pregnant, regardless of whether the pregnancy is planned or unplanned, and helps to decide the pregnancy. For instance, in March 2022, according to the United Nations Population Fund, a US-based sexual and reproductive health agency, there are 121 million unintended pregnancies globally each year. Moreover, Afghanistan’s unintended pregnancies are expected to reach 4.8 million in 2025. Therefore, the rising rate of unplanned pregnancies is expected to drive the growth of the pregnancy test kits market.

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The pregnancy test kits market covered in this report is segmented –

1) By Type: Blood Test For Human Chorionic Gonadotropin (HCG), Urine Test For Human Chorionic Gonadotropin (HCG)
2) By Distribution Channel: Retail, Online
3) By Application: Hospitals, Clinics, Households, Pharmacies
4) By End-Users: Professionals, Home-Based

Major companies operating in the pregnancy test kits market are developing innovative at-home test kit products such as PregaScreen to increase profitability in the market. PregaScreen is an at-home pregnancy test kit that can detect the presence of human chorionic gonadotropin (hCG) in urine, which is accurate when used correctly. For instance, in June 2022, Mylab Discovery Solutions Pvt. Ltd., an India-based biotechnology research company, launched PregaScreen, an at-home pregnancy test kit. The test kit enables women to determine pregnancy status independently, delivering exact results in minutes, boasting an accuracy rate of 99.99%. Each kit includes a pregnancy stick and a dropper. PregaScreen is a testing approach for women to validate pregnancy after missing the initial menstrual period.

The pregnancy test kits market report table of contents includes:

1. Executive Summary
2. Pregnancy Test Kits Market          Characteristics
3. Pregnancy Test Kits Market          Trends And Strategies
4. Pregnancy Test Kits Market          – Macro Economic Scenario
5. Global  Pregnancy Test Kits Market          Size and Growth

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32. Global  Pregnancy Test Kits Market          Competitive Benchmarking
33. Global  Pregnancy Test Kits Market          Competitive Dashboard
34. Key Mergers And Acquisitions In  Pregnancy Test Kits Market
35. Pregnancy Test Kits Market          Future Outlook and Potential Analysis
36. Appendix

 

Top Major Players :

• Johnson & Johnson
• Procter & Gamble Co.
• Abbott Laboratories
• Church & Dwight Co Inc.
• BioMerieux SA

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