FERTILITY AND PREGNANCY RAPID TEST KITS MARKET ANALYSIS

Fertility And Pregnancy Rapid Test Kits MarketSize and Trends

Fertility and pregnancy rapid test kits is a fertility testing option for people, which is easy to use with low complexity. These kits detects the presence of reproductive hormones, such as follicle stimulating hormone (FSH), Luteinizing hormone (LH) and human chorionic gonadotropin (hCG) hormone. The global Fertility And Pregnancy Rapid Test Kits market is estimated to be valued at US$ 1,451.9  million in 2023 and is expected to exhibit a CAGR of 4.5% during the forecast period (2023-2030).

Figure 1. Global Fertility And Pregnancy Rapid Test Kits Market Share (%), by Product Type, 2023

Global Fertility And Pregnancy Rapid Test Kits Market – Market Trends

The rising number of unintended pregnancies is fueling market expansion.

Global Fertility And Pregnancy Rapid Test Kits Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

The COVID-19 pandemic has had a significant impact on the global healthcare industry, including the fertility and pregnancy rapid test kits market. While the market for these products has remained relatively stable, the pandemic has influenced several trends and factors that will shape the market's future.

One of the primary drivers of the fertility and pregnancy rapid test kits market is the growing awareness of family planning and the increasing prevalence of infertility. The pandemic has brought additional attention to the importance of reproductive health, as many couples are postponing pregnancy due to economic and health concerns.

Additionally, COVID-19 has disrupted the global supply chain, which has led to shortages of raw materials and components needed for manufacturing these test kits. The pandemic has also caused a surge in demand for healthcare products, including pregnancy test kits, which has resulted in supply chain challenges and increased prices.