Fertility and Pregnancy Rapid Test Kits Market
Added: (Mon Jan 07 2019)
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Global demand for fertility and pregnancy rapid test kits market will reach US$ 1,068.4 Mn in 2016, up from US$ 1,029.1 Mn in 2015, witnessing 3.8% growth in 2016 over 2015. Increasing prevalence of gynaecological diseases and infertility will continue to drive demand in 2016, with dual-capability test kits gaining traction among consumers.
Pregnancy rapid test kits will continue to witness higher demand than fertility kits, representing US$ 600 Mn in market value in 2016. Line-indicator kits will continue to outsell digital devices, with the latter generating only one-third revenues of the former. Mid-stream and cassettes line indicator pregnancy rapid test kits will witness strong growth rates than strips/dip sticks, however, strips/dip sticks will continue to account for the highest market value, representing US$ 197 Mn in revenues in 2016.
Line indicators will remain the preferred product type in fertility rapid test landscape as well, representing market value worth US$ 329.2 Mn in 2016, up from US$ 317.7 Mn in 2015.
hCG urine test will account for the highest market share on the basis of test type, representing nearly 43% revenue share in 2016. Apart from hCG, other test types – FSH urine test, hCG blood test, and LH urine test will witness a decline in their market share, suggesting increasing preference for conventional laboratory tests.
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Drugstores and pharmacies will remain the largest distribution channels for both fertility and pregnancy rapid test kits. Drugstores will sell US$ 286.4 Mn worth of fertility and pregnancy rapid tests kits in 2016, representing nearly 27% revenue share of the market by distribution channel.
North America will remain the largest market for fertility and rapid test kits in 2016, accounting for over half of global revenues. Demand for rapid kits will continue to grow in the developing countries of Asia Pacific, Middle East, and Africa. While APEJ fertility and rapid test kits market will reach US$ 267.2 Mn in revenues in 2016, MEA market will be worth US$ 7.5 Mn.
Market Segmentation By Product
Based on product type, the market has been segmented into pregnancy rapid test kits and fertility rapid test kits. Pregnancy rapid test kits product type segment is further classified as line-indicator devices (further sub-segmented into strip/dip sticks, mid-stream devices and cassettes) and digital devices, whereas, fertility rapid test kits product type segment consists of line-indicator devices and digital devices. In terms of value, pregnancy test kits segment is estimated to account for more than 55% market share in global fertility and pregnancy rapid test kits market, by 2026 end.
Market Segmentation By Test Type
On the basis of test type, the market has been segmented into LH urine test, FSH urine test, hCG blood test and hCG urine test. hCG urine test segment accounted for highest market share of 42.8% in 2015 and is expected to gain the market share over the forecast period. Increasing demand for hCG rapid test is attributed to rising incidence of gynaecological disorders and infertility rate across the globe.
Market Segmentation By Distribution Channels
On the basis of distribution channels, the market has been segmented into pharmacies, drugstores, gynaecology and fertility clinics, online sales and hypermarkets & supermarkets. Drugstores followed by pharmacies are the most preferred medium of distribution of fertility and pregnancy rapid test kits. However, increasing consumer preference for online sales channel which provides mail order requests, are expected to impart significant competition to these traditional channels in some of the regions such as North America and Western Europe.
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Church & Dwight Co., Inc., Alere Inc., bioMérieux SA, and Quidel Corporation are the market leaders in the global fertility and pregnancy rapid test kits landscape. Collaboration with distribution partners and strengthening market position through acquisitions remains the key strategy of these players.
Long-term Outlook: Future Market Insights projects a moderate 4.1% CAGR for fertility and pregnancy rapid test kits market during the forecast period 2016-2026.