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Pregnancy Testing Market Size, Growth Analysis Report, 2021: Share, Analysis and Forecast-2030

Pregnancy Tests Market 2021

The first pregnancy testing kit which can be used in homes was introduced in 1976. Since then, pregnancy testing products are being increasingly used by women to confirm the onset of pregnancy. These tests rely on antibodies present in women to detect the levels of human chorionic gonadotropin (hCG). Testing kits make use of blood serum, urine and other body fluids to provide pregnancy results in a matter of minutes. Different types of testing kits are now available in the market. In Germany, for instance, around 15-20 types of home-based pregnancy testing kits are being sold in pharmacies and drugstores. Urine-based tests are being provided by numerous market participants due to the ease in testing urine, along with its greater accuracy. Prega News, for instance, provides the One Step Urine HCG Pregnancy Test that makes use of urine during the morning hours and provides the result in under five minutes. If pregnant, two pink lines appear in the test result window. The rise in awareness amongst women regarding the availability and higher accuracy of home-based testing kits is helping in the growth of the global pregnancy tests market.

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Major Key Players:

Some of the players operating in the pregnancy tests market are Apollo Inc., Atlas Medical, bioMérieux SA, Biosynex, Cardinal Health, Church & Dwight Co., Inc., Cliawaived, Inc. , Confirm BioSciences, Dr. Reddy’s Laboratories Ltd, EKF Diagnostics Holdings plc, NG BIOTECH SAS, Piramal Enterprises, Prega News, Quidel Corporation, Salignostics and Swiss Precision Diagnostics GmbH,  amongst others.

Key Findings of the Report:

In terms of revenue, global pregnancy tests market was valued at US$ 1444.68 Mn in 2019 and is anticipated to grow at a CAGR of 13.17% over the forecast period.

Online distribution channels are expected to show the highest growth during the forecast period. The growth of smart devices and the affordability of the internet is bringing more individuals online. Furthermore, reduced tax costs and the lesser operational costs associated with online sales...

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