Pregnancy Detection Kits Market size was over USD 1.04 billion in 2023 and is poised to cross USD 2.09 billion by 2036, growing at more than 5.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of pregnancy detection kits is evaluated at USD 1.09 billion.
The growth of the pregnancy detection kits market can be attributed to increasing health awareness and scientific advancements in the healthcare sector. Furthermore, with the advent of the pandemic, demand for the pregnancy test kit has increased manifold as pregnant women are at higher risk of getting infected with COVID-19. The data released by the US Department of Health & Human Services states that a home pregnancy test can tell whether a woman is pregnant with almost 99% accuracy. Also, people want to eliminate unnecessary hospital visits, on account of this, the global pregnancy test kit market is projected to grow during the forecast period. Furthermore, since the test is quick and easy to perform, it enables women to seek antenatal care as early as possible. Also, pregnancy testing kits allow the user to test instantly and start with maternal care. This eliminates the probability of adolescent deaths. Moreover, according to the data released by World Health Organization, 12 million girls aged 15–19 years give birth each year in developing regions, and complications during pregnancy and childbirth are the leading cause of death for 15-19 years, old girls, worldwide. Such factors are estimated to boost the global pregnancy test kit market growth during the forecast period.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?