According to a new report by Reports and Data, the global Ovulation Testing Kits market is forecast to reach USD 665.7 Million by 2027. Ovulation testing kits help determine the timing of ovulation and optimum fertility. There has been a dramatic rise in the number of women who have their babies at age 35 and over in the past four decades. This progression started in the mid-1970s in the U.S. and has proceeded to grow slowly over time. Fifteen percent of birth-giving people today are 35 and older, up from 11% in 2002 and 8% in 1990. With the increasing trends of late pregnancies across different parts of the world, the adoption of ovulation test kits is anticipated to grow significantly
The new entrance into the existing field is another major factor driving the interest of field players to develop future revenue. For instance, Proov Israel based software company received FDA approval for its at-home ovulation testing kit. The test kit determines progesterone metabolite PdG in urine, which is linked to a woman's ovulation cycle. Nearly 10% of American women have difficulty in conceiving, according to the Centers for Disease Control and Prevention. According to the World Fertility Patterns statistics, Mexico's birth rates are about two kids per mother, well below the levels expected to support current Mexico's population. Brazil's birth rate is also lower, at 1.75, close to that of 1.77 for Colombia. Costa Rica is even smaller, down from 1.66. These declining fertility rates can be threatening for women and parents planning to conceive. Thus, more couples are approaching an artificial pregnancy method.
A significant limiting factor is the high cost of products and the inefficiency of the product. The ovulation testing kits cannot work effectively and can give false positive/negative results if the woman is under the influence of any fertility drugs. Moreover, it has also been claimed that the kits do not help detect ovulation in women with PCOS.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Swiss Precision Diagnostics, Church Dwight Co., Inc., HiLin Life Products, Fairhaven Health, LLC, Geratherm Medical, Piramal Enterprises, Nectar Lifesciences, CIGA Healthcare and Visiomed Group SA
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Ovulation Testing Kits market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Ovulation Testing Kits industry, the market is segmented into:
Products Outlook (Revenue, USD Billion; 2017-2027)
- Ovulation Urine Test
- Dipsticks
- Test Strips
- Cards
- Digital Ovulation Tests
- Saliva Ovulation Test
- Ferning’ Test Measuring Gadget
- Ferning’ Test Consumable
- Others
Sales Channel Outlook (Revenue, USD Billion; 2017-2027)
- Pharmacies
- Drug Stores
- Online
- Supermarkets
- Others
End Use Outlook (Revenue, USD Billion; 2017-2027)
- Homecare Settings
- Hospitals
- Fertility Clinics
- Others
The regional analysis covers:
- North America
- US.
- Canada
- Mexico
- Europe
- Germany
- UK.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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Benefits of Ovulation Testing Kits Market Report:
- Panoramic overview of the opportunities and risks in the Ovulation Testing Kits sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Ovulation Testing Kits industry
- In-depth assessment of the competitive landscape of the key players of the Ovulation Testing Kits industry
- Analysis of the Ovulation Testing Kits market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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