Asia Pacific Pregnancy and Ovulation Testing Market Trend:
The industry is planning an expansion by implementing latest technologies in their products and giving it a wider reach. For instance, in October 2017, SPD Swiss Precision Diagnostics GmbH, in a joint venture between Procter & Gamble (P&G) and Alere (now a part of the Abbott group) launched the Clearblue Connected Ovulation Test System. The system is the first and only ovulation test system to track two different hormones with smartphone connectivity which can be considered a boon for women aiming to get pregnant.
Business Overview Industry Players:
SPD Swiss Precision Diagnostics GmbH, Geratherm Medical AG, Church & Dwight Co., Inc. Mankind Pharma Ltd., Fairhaven Health, LLC, Piramal Enterprises Ltd, Quidel Corporation, TaiDoc Technology & Corporation, Cadila Healthcare Limited, Gregory Pharmaceutical Holdings, Inc., and others.
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The APAC pregnancy and ovulation testing market can be segmented by product type, mode of purchase and end-users.
By product type, the market has two segments, namely, pregnancy testing and ovulation testing. Pregnancy testing held the maximum market share of 81.6% and anticipated to witness growth at a CAGR of 5.95% during the assessment period. Increasing cases of gynecological disorders, continuous advancements in pregnancy testing kits, high efficiency and accurate results in women suffering from polycystic ovary syndrome (PCOS) are expected to drive the market further in the coming years.
Mode of purchase segments the market into non-prescription or over-the-counter (OTC) testing and prescription testing. Non-prescription or OTC segment is experiencing a significant boost in the market owing to the increased accuracy of test kits and home-based technology. Currently, OTC testing dominates the market with 68.2% market share and can showcase a CAGR of 6% during the assessment period.
End-users comprises hospitals & clinics, fertility centers, and others. Hospitals & clinics are currently the major market influencers with 55.6% of the market share. The fertility centers are expected to register the fastest CAGR during the forecast period with a rise in number of pregnancies and ovulation testing taking place in hospitals.
Asia Pacific Pregnancy and Ovulation Testing Market Regional Analysis:
The key regions influencing the APAC market of pregnancy and ovulation testing are Japan, China, India, Republic of Korea, Australia, and Rest of Asia Pacific.
Japan, with its increasing per capita income and well-developed technology, is the market leader. The fertility rate in recent times has experienced a drastic decline and currently 1.6. This has given rise to the demand for pregnancy and ovulating test kits in the region.
China is expecting a CAGR of 6.42% till 2023 owing to increasing awareness and rapidly expanding population.
India can become the biggest contributor to the market by displaying a CAGR of 6.54% over the forecast period owing to increasing demand for tests with accurate and rapid results coupled with the increasing age of first pregnancy. Presence of various manufacturers can also act as a market catalyst.
Main TOC for Asia Pacific Pregnancy and Ovulation Testing Market Research Report – Global Forecast To 2023:
1 Report Prologue
2 Executive Summary
3 Market Introduction
4 Research Methodology
5 Market Dynamics
6 Market Factor Analysis
7 Asia Pacific Pregnancy & Ovulation Testing Market, by Product Type
8 Asia Pacific Pregnancy & Ovulation Testing Market, by Mode of Purchase
9 Asia Pacific Pregnancy & Ovulation Testing Market, by End-User
10 Asia Pacific Pregnancy & Ovulation Testing Market, by Country/Region
11 Competitive Landscape
12 Company Profiles
14 List of Tables
15 List of Figures
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