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Global Market Insights adds a new report Global Pregnancy Detection Kits Market Research Report for the period of 2023-2032 that shows the growth of the market is rising at a Steady CAGR to 2032.
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Pregnancy Detection Kits Market Future Challenges and Industry Growth Outlook 2032
Industry Insights • Pregnancy Detection Kits Market size will expand substantially through 2032. Rising birth rates globally are paving the path for industry growth. • Moreover, surging urbanization coupled with increasing disposable income in developed and developing economies has further increased consumer spending on pregnancy detection kits for preventive care and enhanced outcomes. • Players in the field are focusing on novel product innovations to stand out from the competition, which will further propel product sales in the long run. • Based on the product, industry value from the digital devices segment will register significant gains through 2032. Surging digitalization has increased the demand for digital devices for rapid pregnancy detection. Moreover, recent advancements in digital devices are further presenting lucrative opportunities for segment growth.
Some digital pregnancy tests can connect to smartphone apps through Bluetooth or other wireless technologies. These apps may offer features such as personalized fertility tracking, cycle analysis, and pregnancy-related information. • Based on the test, the industry value from the urine test from the HCG segment will witness substantial gains through 2032. The convenience and flexibility offered by these tests favor their adoption. • Moreover, the rising demand for non-invasive tests has increased the demand for urine tests over blood tests. Urine tests for HCG are generally affordable compared to other pregnancy detection methods, such as blood tests or ultrasound. • This affordability makes them accessible to a broader range of people. • Based on the distribution channel, the industry size from the retail pharmacies segment will expand substantially through 2032. High availability of a wide range of pregnancy detection kits has increased patient footfall in retail pharmacies. These facilities are often conveniently located in local neighborhoods, making it easy to access a pregnancy detection kit when needed. The convenience of purchasing from this facility eliminates the need for online ordering and waiting for delivery.
Regional Analysis • From the regional standpoint, Europe pregnancy detection kits market share will grow at a notable CAGR from 2023 to 2032. Rising awareness about sexual health has increased the demand for pregnancy detection kits in Europe. • Competitive Analysis • Alere Inc., Prestige Brands Holdings Inc., Quidel Corporation, Procter & Gamble Co., Piramal Enterprises, Cardinal Health, Confirm Biosciences, SPD Swiss Precision Diagnostics, Church & Dwight, Abbott Laboratories, Germaine Laboratories, Mankind Pharma, Mylab Discovery Solutions
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