Ovulation Test Kits Market is Driven by Growing Preference for...

Ovulation Test Kits Market is Driven by Growing Preference for Conception and Pregnancy Planning

Posté 2024-08-05 10:30:17

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Ovulation test kits, also known as ovulation prediction kits, are home testing kits used to predict and detect the time of ovulation in the menstrual cycle. They help detect luteinizing hormone (LH) surges, which indicates ovulation will occur within 24-36 hours. The kits work by detecting the LH hormone which reaches its peak level in urine 1-2 days before ovulation. With the help of ovulation test kits, women can accurately predict their fertile window to get pregnant or avoid pregnancy depending on their needs. The kits offer convenience and ease of use compared to other ovulation prediction methods.

Global ovulation test kit market is estimated to be valued at USD 2.92 Bn in 2024 and is expected to reach USD 4.55 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.

Key Takeaways

Key players operating in the ovulation test kit market are Clearblue, Adisseo, ClinicalGuard, Wondfo, AccuMed, PREGMATE, iProven, Wellify (Piramal group), Femometer, Proov, Easy@Home Fertility, Fairhaven Health, Mankind pharma, First Response, Sugentech, and Geratherm Medical AG. Clearblue is currently the global market leader with over 30% market share.

The growing Ovulation Test Kits Market Demand for pregnancy planning and birth control across developed nations is driving significant market growth. Additionally, delayed pregnancies and rising infertility rates have increased consumption of ovulation test kits globally.

Major players are focused on geographic expansion strategies and introducing digital ovulation trackers along with the test kits to capitalize on the growing global connected healthcare market. The kits integrated with fertility tracking apps offer additional features like period/ovulation calendar, pregnancy/fertility test reminders, etc.

Key players are also investing in R&D to develop rapid, easy to use, and highly accurate ovulation prediction kits to improve user experience.

Market Drivers

One of the key drivers of the ovulation test kit market is the growing preference for planned and informed conception. Planning pregnancies allow couples to time intercourse precisely for best chances of conception. It also helps avoid unintended pregnancies. The accuracy and convenience offered by ovulation test kits compared to traditional prediction methods is a major factor driving their increased adoption globally. Delayed childbearing especially in developed nations and rising infertility rates are thus contributing significantly to market revenues.

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