(PharmaNewsWire.Com, June 14, 2018 ) Global Pregnancy Detection Kits Market 2018-2023: 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.
Major Players: ABBOTT LABORATORIES, CARDINAL HEALTH, CHURCH & DWIGHT, GERMAINE LABORATORIES, KENT PHARMACEUTICALS, PIRAMAL ENTERPRISES, PRESTIGE BRANDS HOLDINGS, PROCTER & GAMBLE CO., QUIDEL CORPORATION, AND SPD SWISS PRECISION DIAGNOSTICS, amongst others.
Companies Mentioned: Abbott Laboratories, Cardinal Health, Church & Dwight, Germaine Laboratories, Kent Pharmaceuticals, Piramal Enterprises, Prestige Brands Holdings, Procter & Gamble Co., Quidel Corporation, Spd Swiss Precision Diagnostics
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.
Key Developments in the Market December 2017 - Lia Diagnostics Inc., an American Company, developed first biodegradable pregnancy kits. The test will be available in the US market in 2018. March 2017 - The failed batches of the Genesis Biotech PregSure digital test were the subject of an urgent recall, Minco Import and Export’s One Step Pregnancy Test was removed from the register and the sponsor ceased supply
Reasons to Purchase this Report Current and future global pregnancy detection kits market outlook in the developed and emerging markets Analysis of various perspectives of the market with the help of Porter’s five forces analysis Identifying the segment that is expected to dominate the market 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 market players 3 months analyst support, along with the Market Estimate sheet (in Excel)
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Table Of Content: 1. Introduction 2. Research Approach and Methodology 3. Executive Summary 4. Key Inferences 5. Market Overview Continued…
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