Global Pregnancy Detection Kits Market: Overview
Pregnancy test kits are used for an early indication of pregnancy. Home pregnancy tests are easy to use, inexpensive, and provide results in a few minutes. Most at-home pregnancy test provide 97% to 99% accurate results when used as per instructions.
A urine pregnancy kit is used to detect human chorionic gonadotropin (hCG) hormone, a special hormone that is produced only in a pregnant woman’s body. hCG production increases in the early days of pregnancy with its level doubling every 2 to 3 days in the blood. The presence of hCG above a particular range confirms pregnancy.
The global pregnancy detection kits can be divided by product type, end-user, type of test, and region.
The publication on the global pregnancy detection kits market makes for an interesting read due to its many offerings. This includes projections of the various segments and sub-segments based on their past and current performance. With the help of standard industry tools such as SWOT analysis and Porter’s Five Forces, the report provides a value chain analysis and market attractiveness analysis until the end of the forecast perioid in 2024.
Global Pregnancy Detection Kits Market: Trends and Opportunities
Increasing awareness about the availability of pregnancy detection kits, rising awareness about the utilization of self-detecting pregnancy kits and their benefits, and the increasing demand for self-detecting pregnancy kits are the major factors boosting the global market for pregnancy detection kits. Moreover, the rising adolescent pregnancy rate, promotional campaigns undertaken by manufacturers that engage celebrities to influence rural population for the utilization of pregnancy testing devices, technological advancements in pregnancy kits, and expansion of distribution network of product manufacturers for widespread availability of kits.
However, high cost of pregnancy detection kits, which makes it unaffordable in undeveloped and developing countries is a major constraint to the market’s growth. In addition, the chances of inaccurate test result is also hampering the market’s growth.
Global Pregnancy Detection Kits Market: Regional Outlook
The report broadly divides the global pregnancy detection kits market into: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Of these, North America is the largest market for pregnancy detection kits due to high government spending for quality healthcare and increased awareness for the utilization of pregnancy detection devices. The region is followed by Europe due to the high adoption of digital pregnancy test kits along with rising disposable incomes.
Asia Pacific is expected to emerge as a significant regional market due to the rising adoption of pregnancy detection kits in rural areas, increasing awareness about the benefits of early detection of pregnancy, growing population, and rising disposable income.
Latin America is emerging as a significant regional market due to the increasing awareness about the benefits of early detection of pregnancy and the availability of pregnancy testing kits at affordable prices. The Middle East and Africa regional segment will display a sluggish growth due to low awareness about the usage of pregnancy testing kit and its associated benefits.
Global Pregnancy Detection Kits Market: Competitive Scenario
Some top players in the global pregnancy detection kits market include Alere Inc., Procter & Gamble Co., Church & Dwight, SPD Swiss Precision Diagnostics, Germaine Laboratories, Piramal Enterprises, Cardinal Health, Abbott Laboratories, DCC plc, Prestige Brands Holdings, Quidel Corporation, Kent Pharmaceuticals, Nantong egens bio Technology Company, and Confirm Biosciences.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.