Digital Ovulation Test Kit Market Analysis and Forecast 2029
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The digital ovulation test kit market which was USD 180 million in 2021, would rocket up to USD 313.93 million by 2029, and is expected to undergo a CAGR of 7.20% during the forecast period 2022 to 2029.
It has been demonstrated that the digital ovulation test can assist you in becoming pregnant. It is a simple urine test that detects the crucial fertility hormone luteinizing hormone (LH), which increases quickly 24 to 36 hours before ovulation.
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The digital ovulation test kit market is segmented on the basis of product type, distribution channel, type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Drivers
- Increasing usage of kits
The market for digital ovulation test kits is expected to rise over the forecast period of 2022–2029 due to increasing usage of kits due to their accuracy, ease of availability in local medical stores, rising first-time pregnancy age, and lowering fertility rates globally. However, the market for digital ovulation test kits will experience tremendous development potential during the forecast period due to the increasing applications from emerging economies and the introduction of kits for ovulation and pregnancy testing. This will boost the market growth.
- Rising prevalence of sustaining a pregnancy
Globally, the prevalence of sustaining a pregnancy due to health problems, ageing, or other circumstances is anticipated to considerably contribute to market growth. The ease of use, ease of setup, near-accuracy of the results, and other aspects of these kits will boost demand for digital ovulation test kits over the forecast period.
Opportunities
- Rise in awareness of fertility tests
The digital ovulation test kit market's growth is fuelled by an increasing focus on brand protection and increasing awareness of fertility testing. This will provide beneficial opportunities for the digital ovulation test kit market growth.
Moreover, increasing the number of emerging markets and new product launches will further provide beneficial opportunities for the growth of the digital ovulation test kit market during the forecast period.
North America dominates the digital ovulation test kit market due to the growing number of geriatric population along with adoption of innovative medical technology.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rapidly growing number of women suffering from lifestyle disorders.
- CIGA Healthcare Ltd. (U.K.)
- Quidel Corporation (U.S.)
- Runbio Biotech Co. Ltd. (China)
- Egens Group (China)
- ROHTO Pharmaceutical Co., Ltd. (Japan)
- SPD Group (Japan)
- Abbott (U.S.)
- Church & Dwight Co., Inc. (U.S.)
- Prestige Consumer Healthcare, Inc. (U.S.)
- HILIN LIFE PRODUCTS. USA. (U.S.)
- Fairhaven Health (U.S.)
- Geratherm Medical AG (Germany)
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