PUBLISHER: The Business Research Company | PRODUCT CODE: 1409407
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409407
“Female Fertility And Pregnancy Rapid Test Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on female fertility and pregnancy rapid test market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for female fertility and pregnancy rapid test? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The female fertility and pregnancy rapid test market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The female fertility and pregnancy rapid tests involve methods for testing fertility and pregnancy in women, utilizing drugstore-bought urine tests and blood tests conducted at a doctor's office. These rapid test kits offer a straightforward and user-friendly solution for fertility testing, aiming to detect ovulation and diagnose infertility in females.
The primary products in the female fertility and pregnancy rapid tests category include fertility rapid test kits and pregnancy rapid test kits. Fertility rapid tests are in vitro diagnostic tools designed for the qualitative identification and assessment of pregnancy, fertility cycles, ovulation, and sperm counts within minutes. These devices come in various forms, including digital devices and line-indicator devices, and can be utilized for tests such as FSH urine test, LH urine test, HCG blood testing, and HCG urine testing. These kits are available through different distribution channels, including hospitals, retail outlets, and online platforms.
The female fertility and pregnancy rapid test market research report are one of a series of new reports from The Business Research Company that provides female fertility and pregnancy rapid test market statistics, including female fertility and pregnancy rapid test industry global market size, regional shares, competitors with a female fertility and pregnancy rapid test market share, detailed female fertility and pregnancy rapid test market segments, market trends and opportunities, and any further data you may need to thrive in the female fertility and pregnancy rapid test industry. This female fertility and pregnancy rapid test market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The female fertility and pregnancy rapid test market size has grown strongly in recent years. It will grow from $1.35 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to factors such as increased awareness of reproductive health, a trend towards delaying childbearing age, cultural and societal changes, rising maternal age, and the over-the-counter availability of these rapid test kits.
The female fertility and pregnancy rapid test market size is expected to see strong growth in the next few years. It will grow to $1.85 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to factors such as personalized medicine approaches, a rising interest in natural family planning, the emergence of global fertility tourism, government initiatives for family planning, and affordable healthcare initiatives. Major trends in the forecast period include the integration of digital health, increased adoption of telemedicine, partnerships and collaborations in the healthcare industry, the use of online retail channels for test kit sales, and innovations in ovulation prediction tests.
The rising prevalence of gynecological disorders is anticipated to drive growth in the female fertility and pregnancy rapid test market. Gynecological disorders affect the female reproductive system and can include various conditions impacting the uterus, ovaries, vagina, and other related organs. Diagnosing fertility-related issues through tests can address infertility problems, reducing the impact of gynecological disorders. According to a July 2022 report by the National Library of Medicine, prevalent gynecological disorders encompass ailments such as uterine fibroids, spontaneous abortion, ovarian dysfunction, endometriosis, polycystic ovary syndrome, and dysmenorrhea. Hence, the market for female fertility and pregnancy rapid tests is experiencing growth due to the increasing occurrence of such disorders.
The escalation in healthcare spending is expected to contribute to the expansion of the female fertility and pregnancy rapid test market. Healthcare expenditure refers to the total investment made in healthcare goods and services within a specified period, which supports research and development efforts in reproductive health. Elevated investment in female fertility and pregnancy rapid tests advances technology, accessibility to testing, and fosters a comprehensive approach to reproductive health. As evidenced in May 2023 by the UK's Office for National Statistics, healthcare spending in the UK notably increased, resulting in enhanced pharmaceutical expenses, a surge in preventive care spending, and an overall rise in healthcare costs. Consequently, this surge in healthcare expenditure is a driving factor behind the growth of the female fertility and pregnancy rapid test market.
A prevailing trend in the female fertility and pregnancy rapid test market is product innovation, particularly in the development of innovative test kits. Leading companies are focusing on creating novel solutions to fortify their market presence. For instance, in November 2022, Salignostics, an Israel-based research and development firm, introduced Salistick, a saliva-based pregnancy test. Salistick is a pioneering rapid saliva-based pregnancy test that offers improved user interface and high accuracy in detecting early pregnancy by identifying the pregnancy hormone (HCG) in saliva. The kit's technology allows users to collect saliva for testing, providing results in less than 10 minutes, offering convenience and quick detection of pregnancy using an innovative approach.
Major enterprises within the female fertility and pregnancy rapid test market are concentrating on innovative offerings, such as home fertility test kits, aimed at providing enhanced fertility status assessments within the comfort of one's home. A home fertility test kit refers to a device or kit designed for individuals to self-collect samples and analyze hormone levels or reproductive health indicators without visiting a medical facility. For example, in January 2022, Kindbody, a New York-based provider of fertility clinic networks and family-building benefits, introduced the Kind at Home fertility test. This test kit offers a comprehensive assessment of fertility status for both men and women, obtained conveniently from home through a straightforward finger prick. Within a few days, users receive their results and tailored recommendations accessible via the proprietary Kindbody patient platform.
In May 2021, Ro, a US-based telehealth company, completed the acquisition of Modern Fertility for an undisclosed sum. This acquisition is poised to integrate Modern Fertility within Ro's extensive nationwide platform and infrastructure. The integration aims to expand Modern Fertility's operational capacities and leverage Ro's existing capabilities while fostering new personalized healthcare experiences. Modern Fertility specializes in the development of home diagnostic kits catering to women's health.
Major companies operating in the female fertility and pregnancy rapid test market report are Abbott Laboratories, Atlas Medical GmbH, bioMerieux SA, Church & Dwight Co. Inc., Quidel Corporation, Egens Group, Eurofins Scientific SE, Everlywell Inc., Genea Pty Limited, Geratherm Medical AG, Mankind Pharma Ltd., SA Scientific Ltd., Artron Laboratories Inc., PRIMA Lab SA, The Procter & Gamble Company, Alere Inc., Prestige Brands Holdings Inc., SPD Swiss Precision Diagnostics GmbH, Fairhaven Health LLC, Fertility Focus Limited, HiLin Life Products Inc., Home Access Health Corporation, Inverness Medical Innovations Inc., Piramal Enterprises Ltd., TTK Healthcare Ltd., UEBE Medical GmbH, Wondfo Biotech Co. Ltd., Bio-Techne Corporation, Creative MicroTech Inc., Fluxion Biosciences Inc., ScreenCell SAS .
North America was the largest region in the female fertility and pregnancy rapid test market in 2023. The regions covered in the female fertility and pregnancy rapid test market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the female fertility and pregnancy rapid test market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The female fertility and pregnancy rapid test market consists of sales of urine and blood test kits used to detect female pregnancy and fertility. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.