What is Pregnancy Test Meter Market?
The technology advancement in the pregnancy test meter market is expected to grow in the forecast period due to the rise in working women and increased knowledge regarding the availability of the Pregnancy Test Meter. Moreover, the growth in government initiatives to improve medicinal facilities and focus on research and development activities fuel the pregnancy test meters market growth. A pregnancy test can affirm if a lady is pregnant. The test can be carried out at home or in the doctor’s office to perform this test pregnancy test meter is used. A pregnancy test Meter determines whether an individual is pregnant, by using two primary methods are testing for the human pregnancy hormone in blood or urine and ultrasonography. Also, testing blood for hCG results in the earliest detection of pregnancy. It works by estimating levels of a chemical called human chorionic gonadotropin (HCG). HCG can be available in the blood and pee roughly 10 to 14 days after conception. The test is done using a sample of urine or blood.
The market study is being classified by Type (Urine Test Meter and Blood Test Meter), by Application (Households and Hospitals) and major geographies with country level break-up.
Alere Inc. (United States), Procter & Gamble Co. (United States), Church & Dwight(United States), SPD Swiss Precision Diagnostics (Switzerland), Germaine Laboratories (United States), Piramal Enterprises (India), Cardinal Health (United States), Abbott Laboratories (United States), DCC plc (Ireland) and Kent Pharmaceuticals (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Nantong egens bio Technology Company (China) and Confirm Biosciences (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Pregnancy Test Meter market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Pregnancy Test Meter market by Type, Application and Region.
On the basis of geography, the market of Pregnancy Test Meter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rise in awareness among the general population regarding pregnancy test meters
- The increasing adoption of the test meter is booming the demand owing to the undesired need to undergo ultrasound scans
- Easy Availability of Pregnancy Test Meter E-Commerce Websites
- Lack of knowledge along with a low literacy rate of women further restricts the sale of the pregnancy test meter
- Planned or meant pregnancies have increased awareness among women, which offers immense growth opportunities to the key players
- Increasing demand from developing regions
- High cost associated with the Pregnancy Test Meter
"862.1155 Human chorionic gonadotropin (HCG) test system. Human chorionic gonadotropin (HCG) test system intended for any uses other than early detection of pregnancy--(1) Identification. A human chorionic goadotropin (HCG) test system is a device intended for any uses other than early detection of pregnancy (such as an aid in the diagnosis, prognosis, and management of treatment of persons with certain tumors or carcinomas) is intended to measure HCG, a placental hormone, in plasma or urine."
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Pregnancy Test Meter Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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