(MoneyNewsWire.Net, February 13, 2018 ) According to a new market research report " Pregnancy Testing Market By Product Type (Pregnancy Test Kits, Ovulation/Fertility Test Kits) By Test Type (FSH Urine Test, Luteinizing Hormone (LH) Urine Test, Human Chorionic Gonadotropin (HCG) Hormone Blood Test, Human Chorionic Gonadotropin (HCG) Hormone Urine Test) - Global Forecast to 2022", published by MarketDataForecast™, the market is expected to reach USD 1564.7 Million by 2022 from USD 1165.2 Million in 2016, at a CAGR of 5.1%. Factors driving the growth of this market include Mounting first-time pregnancy age, technological advancements and product features are some of the factors driving the growth of Pregnancy and fertility devices market.
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Pregnancy Test Kits are estimated to account for the largest market share in 2016
By product, the Pregnancy Testing Market is classified into Pregnancy Test Kits, Ovulation/Fertility Test Kits. The Pregnancy Test Kits segment is expected to lead the global Pregnancy Testing Market in 2016. Factors driving the growth of this segment include rising demand for fast and self-contained tests, increasing prevalence of infertility and gynaecological disorders, convenience of decentralised diagnostic tests over time-consuming laboratory tests. Low adaptation rate and high price of test kits are the key factors restraining the growth of the market.
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HCG Urine Test segment is expected to dominate the market in 2016
By Test, the market is segmented into FSH Urine Test, Luteinizing Hormone (LH) Urine Test, Human Chorionic Gonadotropin (HCG) Hormone Blood Test, Human Chorionic Gonadotropin (HCG) Hormone Urine Test. The HCG Urine Test segment is expected to account for the largest share of the Pregnancy Testing Market in 2016. With 43.0% share in 2015, HCG urine test accounted for the largest pregnancy test Market.
North America is estimated to lead the largest share of the Pregnancy Testing market
Based on region, the Tissue Diagnostics Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America is expected to dominate the Pregnancy Testing Market in 2016. This is attributed to factors such as accessibility to advanced technologies in pregnancy testing market in this region when compared to other regions.
Key players in the Pregnancy Testing Market include Alere Inc., Quidel Corporation, Prestige Brands Holdings, Church & Dwight Co., Inc., bioMérieux SA, Geratherm Medical AG, Germaine Laboratories, Abbott Laboratories, Kent Pharmaceuticals, Rite-Aid, Procter & Gamble Co., DCC Plc., and Swiss Precision Diagnostics GmbH.
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