Digital Pregnancy Test Kits Market Value Predicted to Hit Big Revenues in Future | Church & Dwight Co., Gregory Parmaceutical Holdings, & S.A. Diagnosis

 The human chorionic gonadotropin (HCG) in urine samples is measured in a pregnancy test, which is an indicative marker test for determining pregnancy. Because the HCG hormone is only present in the human body during pregnancy, the test can offer precise findings. There are several different types of pregnancy tests on the market. The most common is the home pregnancy test (HPT), which provides the convenience of pregnancy testing at home without the requirement to see a doctor or gynaecologist. Digital pregnancy test kits have emerged as a result of recent technical breakthroughs in home pregnancy tests. These test kits provide instant results (pregnant / not pregnant) in a digital format.

Teenage pregnancy and birth rates in the United States are alarmingly high. A global change in the population age distribution has resulted from a decrease in birth rates and an increase in life expectancy. Changes in the birth rate can occur not just as a result of changes in age-specific fertility rates, but also as a result of population structural changes. Despite falling birth rates around the world, due to increased food security, prosperity, and urbanisation, the world's population is expected to exceed 8 billion (up from 6.5 billion now) by 2030, and could reach 9 billion by 2050, according to Theoretical Population Biology.

The number of weeks a woman has been pregnant can be estimated using digital pregnancy test kits. The quantity of visibility of the representation determines the correctness of the result. Digital pregnancy tests deliver accurate results, eliminating the need for a doctor's visit.

In terms of revenue, North America led the digital pregnancy test kits market in 2020, followed by Europe. The United States, Canada, and countries in Europe have a considerable portion of the global market due to increased adoption of new and improved test kits as a result of increased public knowledge about pregnancy test kits and adequate reimbursement policies for digital pregnancy test kits. Due to rising pregnancy rates in growing countries such as China, India, and other Southeast Asian countries, and increased adoption of digital pregnancy test kits in these countries, the market in Asia Pacific is expected to grow at a faster CAGR from 2021 to 2031.

Due to the presence of a few number of important competitors, the global digital pregnancy test kits market is highly consolidated. The following are the top players in the global digital pregnancy test kits market:

·        Church & Dwight Co., Inc. is a company that manufactures clothing.

·        Gregory Parmaceutical Holdings, Inc. is a pharmaceutical company based in the United States.

·        Sugentech, Inc. is a company that develops new technologies.

·        S.A. Diagnosis

·        Test Kits AccuQuik