The Pregnancy Testing Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Pregnancy Testing Market is estimated to be $1121 million USD and predicted to rise to $ 1410.39 million USD with a CAGR of 4.7%. The market is segmented by Product Type (Pregnancy Test Kits and Fertility Test kits) and Test Type (FSH Urine Test, Luteinizing Hormone (LH) Urine Test, Human Chorionic Gonadotropin (hCG) Hormone Blood Test and Human Chorionic Gonadotropin (hCG) Hormone Urine Test). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa
Rising demand for fast and self-contained tests, increasing prevalence of infertility and gynecological disorders and accessibility of decentralized diagnostic tests over time-consuming laboratory tests are the major reasons driving the growth of the market. However low adaptation rate and high test price of test kits are the major hurdles faced by the Pregnancy testing market.
Pregnancy testing product segment is the largest segment accounting for a share of approximately XX% and expected to maintain its strong share due to increasing awareness about these kits. On the basis of test type hCG urine test segment accounted for the highest share in 2015 and is expected to gain a significant market share in the forecast period attributed to rising incidence of gynecological disorders and infertility rate across the globe.
North America has been estimated to dominate the global pregnancy testing market. Asia-Pacific region is expected to be the fastest growing segment due to high population base and increasing prevalence of gynecological disorders in these regions.
Some of the major companies covered in the report are Alere Inc., Quidel Corporation, Prestige Brands Holdings, Church & Dwight Co., Inc., bioMÃ©rieux SA, Geratherm Medical AG, Germaine Laboratories, Abbott Laboratories, Kent Pharmaceuticals, Rite-Aid, Procter & Gamble Co., DCC Plc., and Swiss Precision Diagnostics GmbH
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