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Global Pregnancy Point Of Care Testing Market Size, Share, Growth, Industry Trends and Forecast 2020-2030
Global pregnancy point of care testing market accounted 26180.7 USD million in 2020 and is expected to reach 63125.9 USD million by 2030 growing with a CAGR of 9.2% during the forecast period.The medical testing is performed outside of a clinical laboratory near to the place where the patient is receiving treatment is point of care( POC) testing which is also known as bedside testing or remote testing. These devices have now found applications in a large number of medical conditions due to its increased usage in the field of critical care settings to deliver decentralized, patient-centric healthcare to the patients. Emerging technological innovations in smartphones, biosensors, lab-on-a-chip and wearable devices are affecting the POC testing in health sector to provide speed up diagnosis where the patient is seen or in the patient’s home. The pregnancy tests are point of care tests used to qualitatively detection of the presence of reproductive hormones including Follicle Stimulating hormone (FSH), Luteinizing hormone (LH) and Human Chorionic Gonadotropin (HCG) hormone. In 2018, HCG urine test kits projected for nearly 43% revenue share of this market due to higher reliability and accuracy of this urine tests. The manufacturers are taking advantage over rapid ubiquity of smartphones with the launch of next-generation pregnancy POC testing devices coupled with smartphone apps which are known to be revealed as promising alternatives to traditional diagnostic testing practices.
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Market Dynamics and Factors:
Growing prevalence of gynaecological issues & fertility disorders, and high preference for fast and self-contained tests is one of the major drivers for the growth of the global pregnancy point of care testing market. Moreover, increasing awareness about the availability of advanced technology and high-precision pregnancy POC testing products are some of the other factors which will drive the pregnancy point of care testing market. The manufacturers are adopting next-generation technologies to introduce advanced features such as accuracy and easily operable will also propel the demand in these markets. However, low levels of awareness about fertility issues are responsible to restrain the market growth. Moreover, the technological advancements in pregnancy POC testing for more reliable and rapid diagnostics is create immense opportunities for the pregnancy point of care testing market growth. Further, tough regulations and standards merged with lengthy certification processes issued by governing bodies are considered to be the challenge for pregnancy point of care testing market.
Market Segmentation :
Global Pregnancy Point Of Care Testing Market – By Product Type
Pregnancy Test Kits
Fertility Test Kits
Global Pregnancy Point Of Care Testing Market – By Test Type
Luteinizing Hormone Urine
Follicle Stimulating Hormone Urine
Human Chorionic Gonadotropin Blood
Human Chorionic Gonadotropin Urine
Global Pregnancy Point Of Care Testing Market – By Application
Pharmacies & Drugstores
Gynecology & Fertility Clinics
Hypermarkets & Supermarkets
Online Sales
Global Pregnancy Point Of Care Testing Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North American was responsible for the largest market share accounted as USD 648 million of total global production attributed to grow prevalence of gynaecological as well as fertility disorders, and triggered by changing lifestyle across the region which is prompted to led the growth of the global pregnancy point of care testing market during upcoming years. The leading manufacturers in North America are embracing advanced technologies to receive competitive gains with the introduction of more reliable and speedy diagnostics. Asia Pacific is expected to fastest growth of the pregnancy point of care testing market with lucrative opportunities for product penetration and increasing preference for home monitoring devices for ovulation tracker. Additionally, Europe are expected to form the steady market by increasing awareness about the availability of advanced technology which further boosted the pregnancy point of care testing market in these regions.
Competitive Scenario:
The key players of global pregnancy point of care testing market are Abbott Laboratories, Danaher Corporation, Prestige Brands Holdings, Quidel Corporation, Roche Diagnostics, Church & Dwight Co., Inc., Swiss Precision Diagnostics (SPD) GmbH, EKF Diagnostics Holdings plc., Alfa Scientific Designs and NOW Diagnostics Inc.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Pregnancy Point Of Care Testing industry, although key threats, opportunities and disruptive technologies that could shape the Global Pregnancy Point Of Care Testing Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Pregnancy Point Of Care Testing Market most.
The data analysis present in the Global Pregnancy Point Of Care Testing Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Pregnancy Point Of Care Testing Market business.
The 2021 Annual Global Pregnancy Point Of Care Testing Market offers:
100+ charts exploring and analysing the Global Pregnancy Point Of Care Testing Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Pregnancy Point Of Care Testing Market type
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Decision Foresight is a market research organization known for its reliable and genuine content, market estimation and the best analysis which is designed to deliver state-of-the-art quality syndicate reports to our customers. Apart from syndicate reports, you will find the best market insights, strategies that will help in taking better business decisions on subjects that may require you to develop and grow your business-like health, science, technology and many more. At Decision Foresight, we truly believe in disseminating the right piece of knowledge to a large section of the audience and cover the in-depth insights of market leaders across various verticals and horizontals.
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