Blog - FAQS of Pregnancy Testing Market

2021-09-30

The demand for pregnancy test kits is increasing substantially owing to increasing incidences of unplanned pregnancies globally

Frequently Asked Questions

Q1) What is the Market size & CAGR of the Global pregnancy testing market during the forecasting period 2022-2029? 

Ans) The global pregnancy testing market size was worth $ 1,264.1 million in 2020 and is forecasted to reach $ 1,841.5 million by 2029, at a CAGR of 7.1% during the forecast period.

Q2) What is the base year calculated in the Global pregnancy testing market report?

 Ans) The base year considered in the report is 2020.

Q3) What are the major factors driving the Global pregnancy testing market?

  • Increasing Demand for Fast and Self-Contained Fertility and Pregnancy Tests
  • Growing Incidence of Infertility & Gynecological Disorders 
  • Technological Advancements in Pregnancy Testing Kits

Q4) What are the major restraints for the Global pregnancy testing market?

  • Paradox of Choice
  • Lack of Buyers Owing to Low Income Potential 

Q5) Based on Product Type, the Global pregnancy testing market is segmented into?

Ans) Based on product type, the Global pregnancy testing market is segmented into pregnancy and fertility test kits. 

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Q6)What is the market value of pregnancy testing kits during the forecasting period?

Ans) The pregnancy testing kits market was valued at USD 806.0 million in 2020 and is estimated to grow at a CAGR of 7.1% during the forecast period (2021-2028) to reach USD 1,184.5 million by 2029.

Q7) What is the primary factor behind the growing use of pregnancy testing kits?

Ans) The demand for pregnancy test kits is increasing substantially owing to increasing incidences of unplanned pregnancies globally is driving the global pregnancy testing market

Q8)Which region occupies the highest market share during 2022-2029?

Ans) North America occupied the highest market share of about 31.2% in 2021 which is expected to increase to 32.2% by 2029.

Q9) What is the growing CAGR of the NoAmericanrica pregnancy testing market

Ans) North America is growing at a CAGR of 5.4% during the forecast period (2021-2028).

Q10)  Who are the major Key players involved in the global pregnancy testing market?

Ans) Some of the major players in the global pregnancy testing market are Abbott Laboratories, EKF Diagnostics Holdings plc, BioMérieux SA, Atlas Medical, Quidel Corporation, BIOSYNEX SA, Cardinal Health, Church & Dwight, Swiss Precision Diagnostics (SPD) GmbH, Piramal Enterprises, NG BIOTECH SAS.

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