PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550655
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550655
Global ovulation test kit market is estimated to be valued at USD 2.92 Bn in 2024 and is expected to reach USD 4.55 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2023 | Market Size in 2024: | US$ 2.92 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 6.50% | 2031 Value Projection: | US$ 4.55 Bn |
An ovulation test kit, also called an ovulation predictor kit, allows women to determine the most fertile days of their menstrual cycle. It works by detecting luteinizing hormone (LH) levels, which surge around 24-36 hours before ovulation occurs. As the popularity of ovulation predictors increases amongst couples who want to conceive or avoid pregnancy, there will be huge demand for ovulation test kits.
Global ovulation test kit market growth is driven by increasing female infertility rates worldwide coupled with rising trend of late pregnancy. Various factors such as rising pollution levels, changing lifestyle, and stress have contributed to rise in infertility cases. Ovulation test kits help infertile couples maximize their chances of conception. However, factors such as side effects associated with frequent LH level testing, social stigma around infertility in developing nations, and alternatives like fertility apps can hamper the market growth. Growing awareness about ovulation predictors and self-screening family planning products through e-commerce and online medical platforms can offer lucrative opportunities for major players.
This report provides in-depth analysis of the global ovulation test kit market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, and competitive strategies adopted by key players
Key companies covered as a part of this study include Clearblue, First Response, Prestige Brands, RunBio, and Wondfo
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global ovulation test kit market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ovulation test kit market
Detailed Segmentation-
Others