According to the ovulation test market analysis, the market will be expected to reach USD 2500 million in the forecast period with a CAGR rate of 4.5%
The biological process of releasing eggs from the ovary is ovulation and is the best time for conceiving. The growing demand for ovulation test to detect the right time for conceiving and increase the chance for fertility can support the expansion of the ovulation test market in the review period. A surge in the luteinizing hormone (LH) in the urine indicated the ovulation phase as the hormone signals the ovary to release an egg that can fertilize. This increase in the adoption of ovulation test by women to predict the egg release to boost the chance of pregnancy owing to the highly accurate results can favor the ovulation test market in the review period. In addition, ovulation prediction kits are also used in the detection of the exact day of ovulation for women undergoing treatment for infertility. The surge in demand for ovulation test kit due to their highly reliable result and increase in number of women undergoing infertility treatment can promote the market in the near future.
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Segment Study of Ovulation Test Market
The segment study of the global ovulation test market is done on the basis of type and end-users. The type-based segments of the ovulation test are urine-based test, and saliva-based test among other tests. The end users-based segments of the global ovulation test market are fertility centers, Hospitals, clinics, home care, and diagnostic centers among others. The fertility centers are identified as the high end-users of ovulation test kits, following the home care end-user, which are expected to earn high revenue for the market.
The market of ovulation test is expected to rise on emerging new trends tests concerning fertility through the review period. Technological advancement and the highly reliable and accurate results provided by ovulation test kits can spur the market rise in the review period. According to the Centers for sickness Control, one in eight ladies has hassle conceiving or sustaining a pregnancy, because of age, health problems or different factors. For that, firms are introducing advanced kits which can facilitate them to observe their physiological state and ovulations. For instance, apps like Glow and Apples own Reproductive Health kit in iOS create it easier to record, visualize and aggregate massive amounts of knowledge regarding the fruitful health of the patients. Moreover, physiological state management and women and kid health gaining importance throughout the globe favor the growth of this market. The need to increase chance of first pregnancy and curb complications during pregnancy are causes that are encouraging women to use reliable technology to assists in pregnancy that can support the market expansion.
Regional Analysis of Ovulation Test Market
Globally, the market of ovulation test is analysed across four regions Americas, Asia Pacific, Europe, and the Middle East Asia and Africa. In the North America region, the ovulation test market is identified as the largest market. North America Ovulation Test market is expected to rise at 2.20% CAGR to garner USD 900 Mn from USD 550 million by 2023. Europe Ovulation Test market is expected to thrive at 1.24% CAGR in the analysis period. On the conclusion of the review tenure, causes, such as; spreading awareness about methods to plan pregnancy can favor the growth in these regions. In the APAC region, India is likely to contribute significantly to the market rise owing to the rise in cases of infertility in the region.
Key Players for Ovulation Test Market
Swiss Precision Diagnostics GmbH (Switzerland), Prestige Brands Holdings Inc. (U.S.), Church & Dwight Co. Inc. (U.S.), Fairhaven Health LLC (U.S.), HiLin Life Products Inc. (U.S.), Fertility Focus Limited (U.K.), Accuquik (California), Geratherm Medical AG (Germany), Piramal Healthcare (India), and NecLife (India) are some top-notch companies in the ovulation test market that are listed by MRFR in the report. The latest report on the Ovulation Test market published by Market Research Future comprises of extensive, both primary research and secondary research, along with the detailed assessment of quantitative and qualitative aspects by several industry experts and key opinion leaders to earn deeper insight of the ovulation test market and everything thing related to the industry performance.
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