Market Report: Pregnancy Detection Kits Market 2019 is Anticipated to Reach US$ 5.9% Billion by 2024 and contribute to globe

Report Title: "Global Pregnancy Detection Kits Market - Segmented by Product, Distribution Channel, and Geography - Growth, Trends, and Forecast (2018 - 2023)"

Pregnancy Detection Kits

Pregnancy Detection Kits Market (2018 – 2023) research report provides List of manufacturers, regional analysis, segmentation by type & applications and the actual process of whole Pregnancy Detection Kits industry. Pregnancy Detection Kits Market report delivers a detailed study of present and upcoming Opportunities to clarify future investment in the market.

Pregnancy Detection Kits Market report is expected to register a CAGR of 5.9% over a five years forecast period.”

List of Major Key players operating in the Global Pregnancy Detection Kits Market are –

  • Abbott Laboratories
  • Cardinal Health
  • Church & Dwight
  • Germaine Laboratories
  • Kent Pharmaceuticals
  • Piramal Enterprises
  • Prestige Brands Holdings
  • Procter & Gamble Co.
  • Quidel Corporation
  • SPD Swiss Precision Diagnostics

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The global pregnancy detection kits market is expected to register a CAGR of 5.9% during the forecast period (2018 - 2023). North America is expected to dominate the market during the forecast period owing to the growing awareness regarding home-based pregnancy detection kits in the region.

Increase in Unplanned Pregnancies

Unplanned pregnancy rate in the US is significantly higher than in any other developed country. According to a report from the Guttmacher Institute in the US, it is estimated that 52% of unintended pregnancies result from couples not using any contraception in the month the woman got pregnant, 43% result from inconsistent or incorrect contraceptive use, and only 5% result from contraceptive failure. Almost 44% pregnancies in Europe and 38% in Asia are unplanned, leading to high demand for pregnancy detection kits. Unplanned pregnancies have been increasing globally. Pregnancy detection kits help women check whether they are pregnant or not. Thus, the demand for pregnancy detection kits is expected to increase in the future. Additionally, changing lifestyle, growing women literacy rate, rise in disposable income, and growing e-commerce is driving the market for pregnancy detection kits.

Lack of Availability and Awareness in Low-income Countries

Pregnancy detection kits are not accessible to women in low-income countries. Easy-to-use, highly accurate dip-strip tests can be purchased from manufacturers for less than ten cents. However, in many countries, pregnancy tests are sold to women at a 2000% markup or more, making them prohibitively expensive. Furthermore, in low-income countries, the pregnancy test kits are not readily available and the lack of awareness along with a low literacy rate of women further restricts the sale of pregnancy kits in these countries. Thus, lack of awareness and lack of availability of pregnancy test kits coupled with a high price of pregnancy kits are likely to impede the growth of the market.

North America to Dominate the Market

North America dominates the pregnancy detection kits market due to the growing awareness regarding pregnancy detection kits and the growing expenditure on personal care products. Asia-Pacific is anticipated to grow tremendously during the forecast period owing to numerous factors, such as a rise in disposable income in developing economies, well-established distribution channel, and growing awareness regarding pregnancy product through strong family planning activities conducted by government organizations.

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Global Pregnancy Detection Kits Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2018-2023):

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
  • Asia Pacific (China, Japan, India, Southeast Asia and Australia)
  • Latin America (Brazil, Argentina and Colombia)
  • The Middle East and Africa

Key Questions Answered About Pregnancy Detection Kits Market:

  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the Pregnancy Detection Kits market for selective countries?
  • Which region or sub-segment is selected is expected to drive the market in the forecast period?
  • What factors are estimated to drive and restrain the market growth?
  • What are the key technological and Pregnancy Detection Kits market trends shaping the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?

Reasons to Purchase Pregnancy Detection Kits Market Report:

  • The report analyses how stringent emission control norms will drive the global Pregnancy Detection Kits market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Pregnancy Detection Kits market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

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Pregnancy Detection Kits Market Report TOC Includes:

  1. Introduction of Pregnancy Detection Kits Market
  2. Research Approach and Methodology
  3. Pregnancy Detection Kits Market Overview
  4. Pregnancy Detection Kits Market Segmentation
  5. Competitive Landscape
  6. Company Profiles
  7. Appendix

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