Global Pregnancy Detection Kits Market 2016-2020
About Pregnancy Detection Kits
A pregnancy detection kit is used for the determination of human chorionic gonadotropin (hCG) hormone in urine samples, for obtaining a visual and qualitative result that leads to an early detection of pregnancy. The global pregnancy detection kit market is driven by factors such as rising demand for POC testing, fast and self-contained tests, growing incidence of gynecological disorders, and improved availability of decentralized diagnostic tests over time-consuming laboratory tests.
Technavio’s analysts forecast the global pregnancy detection kits market to grow at a CAGR of 5.86% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global pregnancy detection kits market 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sale of pregnancy detection kits.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pregnancy Detection Kits Market 2016-2020
Technavio recognizes the following companies as the key players in the global pregnancy detection kits market: Alere, Church & Dwight, Prestige Brands, and Quidel.
Other Prominent Vendors in the market are: Boots Pharmaceuticals, Confirm BioSciences, CVS Health, Germaine Laboratories, KIP Diagnostics, Map Diagnostics, Piramal Healthcare, Philippine Blue Cross Biotech, Princeton BioMeditech, Rite-Aid, and Mankind Pharma.
Commenting on the report, an analyst from Technavio’s team said: “One trend gaining popularity in this market is advances in product offerings. Vendors in the market are continuously innovating to expand product lines and remain competitive. These innovations are made keeping in mind the kind of information consumers need at the beginning of the pregnancy. While the digital pregnancy kit was the first innovation in the market, there has been progress regarding new features added to these test kits.”
According to the report, demand for POC testing will boost growth in the pregnancy detection kits market. With the fast-paced lifestyle, the need for instantaneous pregnancy test results has increased. This has resulted in continuous improvements in the products, which help provide a prompt diagnosis at a desired time and place. Immediate results reduce or eliminate the anxiety associated with pregnancy detection and the need to visit a doctor or clinic.
Further, the report states that midstream pregnancy detection kits are the most expensive pregnancy testing kits available in the market. The high price is due to the use of advanced technologies for getting precise results instantly. As a result, many consumers choose to use other formats of pregnancy tests such as the card or the strip, as they provide the same basic results with an acceptable level of accuracy, but are significantly cheaper than the midstream format. This is especially true in developing economies, where the penetration of this format is extremely low due to low affordability.
Alere, Church & Dwight, Prestige Brands, Quidel, Boots Pharmaceuticals, Confirm BioSciences, CVS Health, Germaine Laboratories, KIP Diagnostics, Map Diagnostics, Piramal Healthcare, Philippine Blue Cross Biotech, Princeton BioMeditech, Rite-Aid, Mankind Pharma.
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