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OVULATION TEST KIT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Ovulation Test Kit Market, By Product (Urine Ovulation Test, Digital Ovulation Test, and Saliva Ovulation Test), By Sales Channel (Online and Offline), By End User (Individual/Personal use, Hospitals/Clinics, Fertility Centers/ Clinics, Research Institutes/Medical Colleges, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Aug 2024
  • Code : CMI7219
  • Pages :165
  • Formats :
      Excel and PDF
  • Industry : Medical Devices

Ovulation Test Kit Market Size and Trends

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 6.5% from 2024 to 2031.

Ovulation Test Kit Market Key Factors

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Fertility treatment and family planning have gained immense popularity worldwide, thus, boosting adoption of ovulation test kits. Consumers are increasingly opting for ovulation test kits to effectively plan pregnancies and monitor fertility cycles. Rising women empowerment and financial independence has prompted women to take well-informed healthcare decisions, boosting sales of ovulation test kits. Various technological advancements in ovulation test kits such as smartphone apps have made tracking fertility cycles more convenient. Leading manufacturers are engaged in new product launches with improved accuracy and portability to cater to changing consumer needs. However, factors such as social stigma surrounding fertility screening in some countries and easy availability of alternative fertility monitoring options can hamper the market growth.

Rising demand for home-based ovulation test kits

Rising demand for home-based ovulation test kits can drive the market growth. With changing lifestyles and work patterns, women now prefer the convenience of using home kits rather than visiting clinics or labs for ovulation testing. Home kits allow women to test for their fertile window privately and as per their schedule without taking time out from their busy routines. Delayed childbearing is now a growing trend in many developed nations. As women try to conceive at an older age, these are more reliant on ovulation tests to accurately identify their fertile window and maximize their chances of conception each month. Advanced digital home test kits that are easy to use and provide clear results have furthered this shift. These allow women to closely monitor their fertility without difficulties. The COVID-19 pandemic has also played a role by restricting non-essential visits to clinics and labs. This prompted many to switch to self-testing using home kits. Moreover, rising awareness about natural birth control methods like fertility awareness-based methods (FABMs) has boosted uptake of ovulation test kits. Such methods require periodic checking of cervical fluids and luteinizing hormone (LH) levels using test strips to determine the fertile window.

Growing preference for natural conception

Rising preference for natural conception without medical can drive the market growth. More couples are turning to ovulation test kits to track the timing of ovulation and increase their chances of conceiving naturally. Many people view natural conception as a more intimate experience than relying on assisted reproductive technologies. There is also a perception that it may reduce risks, costs and side effects as compared to treatments like IVF. Furthermore, lifestyle changes amid the COVID-19 pandemic provided many couples ample time to focus on their family planning goals in a relaxed setting. This environment has made home-based solutions like ovulation test kits more attractive. As a result, the sales of ovulation test kits have been increased over the last few years. According to the data published by the United Nations Department of Economic and Social Affairs, around 1.9 million couples in the U.S. alone were unable to conceive in 2020 and tried self-monitoring and home remedies before seeking medical help. This represents an increase of almost 15% compared to 2018 levels. Similar trend has been observed in several European countries as well as China and India. Fertility rates are declining worldwide even as the desire to start families remains intact. This unmet need as well as the convenience and privacy offered by ovulation test kits can boost their adoption. At the same time, progressive normalization of conversations around fertility and family planning has removed much of the stigma around these products.

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