In contemporary times, there's a growing apprehension about the declining birth rates observed in both developed and developing regions. While developing countries like India, China, among others previously experienced higher fertility rates due to lifestyle changes, increased obesity, and significant advancements in healthcare, these rates have plummeted. Environmental factors linked to urbanization and urban lifestyles are also influencing fertility rates, contributing to the escalating instances of male and female infertility. Additionally, the surge in educational attainment among women and their higher employment rates in developing regions are delaying family planning, consequently impacting fertility rates. For instance, statistics from the World Bank reveal a decline in India's fertility rate from 3.311 in 2000 to 2.326 in 2016, while China witnessed a decrease from 2.35 in 1990 to 1.624 in 2016. This downward trend in fertility rates has intensified concerns regarding infertility, thereby stimulating the demand for rapid and self-contained pregnancy and ovulation tests. According to a report by the Asian Development Bank in 2017, over 40.9% of adults in the Asia Pacific region are overweight, compared to 34.6% in 1990.
Advanced technology equipped with high accuracy has emerged in the domain of ovulation and pregnancy tests to optimize the chances of conception. Ovulation tests detect a surge in the luteinizing hormone that precedes ovulation by a day or two, thereby maximizing the chances of conceiving. Pregnancy tests, on the other hand, help identify pregnancy symptoms by detecting human Chorionic Gonadotropin (hCG) produced in the initial days of pregnancy. These tests have gained widespread acceptance, leading to the introduction of numerous products by key market players. For instance, in January 2016, Church & Dwight Co. introduced the FIRST RESPONSE Pregnancy PRO Digital Test & App Access, emphasizing enhanced accuracy. The integration of advanced technology provides consumers with a more convenient and straightforward method to ascertain fertility. In October 2017, SPD Swiss Precision Diagnostics GmbH, a joint venture of Procter & Gamble (P&G) and Alere (now part of the Abbott group), launched the Clearblue Connected Ovulation Test System, the first and sole ovulation test system capable of tracking two distinct hormones with smartphone connectivity. Accurately identifying the precise ovulation time is crucial for women planning conception or contraception. Hence, these technological strides aid in achieving accurate results, thereby expectedly propelling market growth during the forecast period.
Asia Pacific Pregnancy and Ovulation Testing Market Size was valued at USD 1.67 Billion in 2023. The Global Asia Pacific Pregnancy and Ovulation Testing industry is projected to grow from USD 1.83 Billion in 2024 to USD 3.47 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.40% during the forecast period (2024 - 2032).
Pregnancy tests are kits capable of detecting hormones such as human chorionic gonadotropin (hCG) in urine. Ovulation tests, on the other hand, are capable of detecting an uptick in luteinizing hormone (LH) to decide the optimal time for conceiving children. Availability of ovulation monitors on e-commerce websites, awareness of fertility tests, and awareness of these tests made possible by various promotional marketing activities by major brands are likely to lead to an uptick in market demand over the forecast period.
Digitization of results to provide privacy to consumers has been made possible owing to pervasiveness of smartphones. For instance, the FIRST RESPONSE Pregnancy PRO Digital Test & App Access by Church & Dwight Co., sends accurate results to the consumer’s smartphone. But high costs of ovulation tests can act as a market deterrent.
Report Overview
This report allows the user to gain a deeper understanding of the ongoing events and trends in the Asia Pacific (APAC) market for pregnancy and ovulation testing. By correlating the historical data with key market dynamics, our analysts can make highly accurate projections in the report. MRFR’s report includes a thorough segmental analysis of the APAC market segmented by type, mode of purchase, end-user, and region with astute insights. This report has been prepared to assist industry participants in making informed decisions on growth strategies and operation management. Users will come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.
By type, the Asia Pacific pregnancy & ovulation testing market has been segmented into pregnancy and ovulation testing. The pregnancy testing segment is sub-segmented into blood-based and urine-based testing. This segment is touted to garner above average demand owing to advances in pregnancy testing kits and alarming cases of polycystic ovary syndrome (PCOS). Similarly, the ovulation testing segment is sub-segmented into fertility monitors and ovulation prediction kits.
By mode of purchase, the Asia Pacific pregnancy & ovulation testing market is segmented into prescription and non-prescription testing/over-the-counter (OTC) testing. The non-prescription testing mode of purchase is projected to experience remarkable growth thanks to preference for home pregnancy tests and privacy concerns among women.
By end-user, the Asia Pacific pregnancy & ovulation testing market is segmented into fertility centers, hospitals and clinics, and others. The hospitals and clinics segment is likely to register a 5.8% CAGR during the forecast period owing to their propensity to handle large patient volumes.
The segments and sub-segments covered in the report are analyzed under six major regions – India, China, Japan, Republic of Korea, Australia, and Rest of Asia Pacific, with respective country-level market sizing. For the scope of research, the standard definition of the product/service “pregnancy and ovulation testing” is included in the report. The report discusses and interprets the current and future opportunities of the industry by delivering an unbiased growth assessment.
Noteworthy players in the Asia Pacific pregnancy and ovulation testing market are:
The report offers comprehensive profiles on these market players and assesses their current standing in the Asia Pacific pregnancy and ovulation testing market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.
Research Methodology
Market Research Future (MRFR) uses a combination of primary and secondary research to compile market reports. Primary data is accumulated from interviewing industry stalwarts and secondary research is collated by studying white papers and annual reports of leading players. Our analysts use top-down and bottom-up approaches to validate the findings of the report. The report comprises news, current trends, and future prospects related to the market, all of which can provide a thorough understanding of the market to clients. Industry leaders can make accurate business decisions based on our insights.
Analysis Period
Intended Audience
For the scope of research, the report offers a comprehensive analysis of the Asia Pacific pregnancy and ovulation testing market.
Type
Mode of Purchase
End-user
Region
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)