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Pregnancy Detection Kits Market Size
Pregnancy Detection Kits Market size surpassed USD 1 billion in 2022 and is projected to exhibit over 5.4% CAGR between 2023 and 2032 owing to increasing awareness about various pregnancy testing kits among the population base in developing countries.
Pregnancy detection kits are medical devices that are designed to detect the presence of human chorionic gonadotropin (hCG) hormone in a woman's urine. This hormone is produced by the placenta shortly after a fertilized egg implants in the uterus. Pregnancy detection kits are easy to use and can provide accurate results within minutes. Additionally, the majority of patients have shifted their inclination towards self-testing pregnancy kits, thereby accelerating market growth.
What is the size of the pregnancy detection kits market?
Global market for pregnancy detection kits was over USD 1 billion in 2022 and will record more than USD 2 billion by 2032 due to the rising need for detecting the presence of human chorionic gonadotropin (hCG) hormone in a woman's urine.
What factors are driving North America pregnancy detection kits industry?
North America pregnancy detection kits market exceeded USD 500 million in 2022 and will record over USD 1 billion by 2032 on account of the ongoing technological developments for early detection of pregnancy.
Who are the leading pregnancy detection kit manufacturers?
Some prominent pregnancy detection kit industry players include Alere Inc., Prestige Brands Holdings Inc., Quidel Corporation, Procter & Gamble Co., Piramal Enterprises, Cardinal Health, Confirm Biosciences, and SPD Swiss Precision Diagnostics.
Why is the demand for line pregnancy tests increasing?
line pregnancy tests segment is estimated to reach more than USD 1.3 billion by 2032 owing to the wide product availability and higher involvement of major industry players.