Pregnancy Test Kits are expected to provide distinct results about whether a woman is pregnant or not.
The global pregnancy kits test market can see growing at a rapid speed with substantial CAGR during the forecast period (2017-2023).
Based on the type of test, the pregnancy test kits market can be segmented into
The urine test for HCG can gain substantial revenue for the global market as it is gaining traction due to growing popularity among women.
The region is also experiencing high growth in competition due to hike in investment for various research and development sectors.
This competition leads to better product innovation and competition that would curb the price of the end product considerably.
Oct 07, 2019 (AB Digital via COMTEX) -- Market Analysis
The Global Pregnancy Test Kits Market size is predicted to grow at a healthy CAGR over the forecast period (2014-2023), as per the new Market Research Future (MRFR) report.
These pregnancy detection devices help in detecting small amounts of the female pregnancy hormone, Human Chorionic Gonadotrophin (hCG).
Pregnancy Test Kits Market is projected to grow rapidly owing to constant advancements of technology in pregnancy detection kits, growing demand for quick and self-contained test results, increasing age of first pregnancy, and growing awareness about the availability and benefits of pregnancy detection kits.
On the flip side, the high price of pregnancy detection kits, chances of inaccurate results, and frequent product recalls are factors that may hinder the pregnancy test kits market growth over the forecast period.
Based on the type of test, the pregnancy test kits market is segmented into urine test for HCG, blood test for HCG, and others.
