Pregnancy Test Kits as the name suggests, aid to determine the pregnancy. The handy kit is capable of sensing the small amount of HCG (Human Chorionic Gonadotrophin) – a female pregnancy hormone which tends to increase during the preliminary stages of a pregnancy in the female body.
Using the Pregnancy Test Kits is the most practical way of confirming the pregnancy. These kits are economical & efficient, giving results in less than a minute. And thus save a whole lot of time & money required to conduct the pregnancy confirmation tests in clinics or pathological labs. If used as per the instruction of the manufacturer, these kits give reliable results.
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Pregnancy Test Kits help both genres – couples who want and/or want to avoid pregnancy. To couples looking forward to get pregnant, it not only helps them to rule out the anxiety period before the results arrive, but also allow to take faster decisions to determine the further line of care & treatment assuring safety. And for those not willing to continue, these kits help taking faster actions to discontinue the pregnancy saving further consequences.
Although the growing word population is threatening the ecology increasing per minute, a large number of people prefer to have their own children for their own set of reasons – to carry forward the family bloodline (this one is popular in Asian Countries) among other miscellaneous reasons. On the other hand, owing to the increasing trend of nuclear family, increasing number of working women, increasing awareness towards benefits of family planning/ birth controlling etc. a large amount genre decide not to opt for a delayed pregnancy or don’t want it at all.
Whether one wants or not, sometimes the nature plays its role promptly impacting the young genre (Teen agers) severely, further restricting their growth overall (in every aspects). Similarly, even middle aged people (above 35yrs) get accidently affected – who have crossed the puberty phase physically & mentally, already have a complete family, are not prepared or just do not want the pregnancy. Pregnancy Test Kits hugely benefit all these people.
For a multitude of reasons worldwide, the Pregnancy Test Kits market enjoys an extensive demand ever growing constantly. Leverage to the growing size of the market, a leading research firm ‘Market Research Future’ recently published a brilliant study report mapping companies active in the industry and the growth drivers & restraining factors. In its market prognosis, MRFR asserts that the global Pregnancy Test Kits Market will perceive phenomenal accruals posting a striking CAGR during 2017 – 2023.
In addition to the convenience of low cost solutions at home comfort these kits provide, other factors contribute to bolster the market growth include continuous technological advancements in the field, rising demand of self-contained and quick test results, improving economy, growing urbanization etc.
On the other hand, factors such as increasing number of new entrants with limited medical equipment business history, and a significant price gap between the top players and small un-organized players’ are restricting the market growth. Also, consumer skeptism towards the efficacy of these kits inhibits the market growth. However, these factors are far negligible than the wide pool of probable buyers that assures a take for everyone.
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Pregnancy Test Kits Market – Competitive Analysis
Alere Inc. (US), Prestige Procter & Gamble Co., (Germany), Piramal Enterprises (India), Brands Holdings, Inc, (US), Quidel Corporation (US), Confirm Biosciences (US) and Cardinal Health (US) are some of the leaders driving the Global Pregnancy Test Kits Market. Profiling those in its analysis MRFR finds out their strategies that place them at the forefront of completion.
Although still in its embryonic stage the Pregnancy Test Kits market is moderately competitive already. The market demonstrates a pretty good growth prospects that are expected to attract new entrant further introducing the market with fierce competition.
Industry/ Innovations/ Related News
Jun 12, 2017 – Scientists at the Rutgers School of Engineering (The State University of New Jersey (US)) presented their invention – biosensor technology that they have developed to be used in wearable or hand-held devices to monitor health & exposure to various bacteria/ viruses/pollutants. This innovation important in the context of personalized health monitoring constantly analyzes body’s blood & sweat or blood for different types of biomarkers, including HCG hormone (measured in home pregnancy test kits), and prostate-specific antigen (PSA – a protein generated by prostate gland cells).
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Worldwide Pregnancy Test Kits Market – Geographical Analysis
North America is the largest market for Pregnancy Test Kits accounting for the maximum market share. This growth attributes to the augmenting awareness towards the advantages of the Test kits and the independent decision making power these women posses. Continuing with the same trends the market is expected to grow pervasively in the years to come. Technological advancements transpired in to the field of pregnancy test kits or instant pregnancy tests are also one of the prominent driving forces for the regional growth.
Despite the several adversaries Asia pacific market is surging rapidly due to the ongoing programmes to increase awareness among people, developments in healthcare coupled with the increasing number of working woman & growing rate of literacy & per capita income. These trends are expected to foster the market growth demanding the maximum market share of the market.
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