Global Ovulation Testing Kits Market Overview And Statistics For 2024-2033
Ovulation Testing Kits Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033
The Business Research Company’s Ovulation Testing Kits Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033
LONDON, GREATER LONDON, UK, July 30, 2024 /EINPresswire.com/ -- The ovulation testing kits market has experienced robust growth in recent years, expanding from $2.74 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to increased fertility awareness, rising trend of family planning, growing emphasis on women's health, expanding the availability of over-the-counter options, and growing demand for accurate ovulation testing kits.
Strong Future Growth Anticipated
The ovulation testing kits market is projected to continue its strong growth, reaching $4.49 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to the expanding global population and increasing birth rates, rising prevalence of fertility issues and delayed childbearing, growing adoption of digital health solutions and mobile apps, increasing awareness and acceptance of at-home fertility testing, and expanding access to healthcare in emerging markets.
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Growth Driver Of The Ovulation Testing Kits Market
The declining fertility rates are expected to propel the ovulation testing kits market going forward. Fertility rates refer to the number of live births in a population over a specific period, typically expressed as the number of births per 1,000 women of childbearing age (usually aged 15-49) in a year. The declining fertility rate is due to increased education and career opportunities for women, improved access to and use of contraceptives, delayed marriage and childbearing, and high costs of living. Ovulation testing kits serve as valuable tools for individuals or couples facing low fertility rates by offering a non-invasive and accessible method for optimizing the timing of intercourse and improving the chances of conception.
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Major Players And Market Trends
Key players in the ovulation testing kits market include Church & Dwight Co Inc., Piramal Enterprises Inc., Meril Diagnostics Pvt Ltd., Roman Health Ventures Inc., BIOSYNEX SA.
Major companies operating in the ovulation testing kits market are focused on forming strategic partnerships to gain a competitive edge in the market. Strategic partnerships refer to collaborative efforts between key players in the industry to enhance their market presence, expand product offerings, and capitalize on emerging opportunities. These partnerships involve alliances, joint ventures, collaborations, and agreements between manufacturers, distributors, healthcare providers, and other stakeholders to achieve mutual objectives and drive growth in the market.
Segments:
1) By Product Type: Urine-Based, Saliva-Based, Salivary Ferning
2) By Distribution Channel: Pharmacies And Drugstores, Hypermarkets And Supermarkets, E-Commerce, Other Distribution Channels
3) By End User: Hospitals, Clinics, Diagnostic Centers, Fertility Centers, Home Care Settings, Other End Uses
Geographical Insights: North America Leading The Market
North America was the largest region in the ovulation testing kits market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ovulation testing kits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Ovulation Testing Kits Market Definition
Ovulation testing kits are diagnostic tools designed to help individuals determine the most fertile days of the menstrual cycle by detecting the surge in luteinizing hormone (LH) that precedes ovulation. These kits are commonly used by those trying to conceive to identify the optimal time for intercourse to increase the likelihood of pregnancy. These kits are valuable tools for family planning, offering a non-invasive and straightforward method to understand better and utilize the body's natural fertility signals.
Ovulation Testing Kits Global Market Report2 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Ovulation Testing Kits Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on ovulation testing kits market size3, ovulation testing kits market drivers and trends, ovulation testing kits market major players, ovulation testing kits competitors' revenues, ovulation testing kits market positioning, and ovulation testing kits market growth across geographies. The ovulation testing kits market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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