Questions? +1 (202) 540-8337 Login
Trusted News Since 1995
A service for publishing professionals · Wednesday, April 25, 2018 · 443,950,812 Articles · 3+ Million Readers

U.S. Digital Pregnancy Test Kit Market is anticipated to grow US$ 102.9 Mn by 2027 End

Branded Test Kits to Reign Supreme in the U.S Digital Pregnancy Test Kit Market

VALLEY COTTAGE, NY, Feb. 06, 2018 (GLOBE NEWSWIRE) -- According to a new report published by Future Market Insights titled “Digital Pregnancy Test Kit Market: U.S. Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” leading manufacturers of digital pregnancy test kits are focussing on co-promotions and co-marketing strategies to expand their commercial presence. The U.S. digital pregnancy test kit market is anticipated to grow from US$ 70.1 Mn in 2016 to US$ 102.9 Mn by 2027 end. This represents a CAGR of 3.6% over the forecast period. The digital pregnancy test kit market in the U.S. represents absolute $ opportunity of US$ 2.4 Mn in 2018 over 2017 and incremental opportunity of US$ 30.5 Mn between 2017 and 2027.

U.S. Digital Pregnancy Test Kit Market: Drivers

Technological advancements and collaboration of manufacturers with hypermarkets and supermarkets are the two main factors expected to boost revenue growth of the U.S. digital pregnancy test kit market. Some of the other drivers of this market include attractive product features and rising demand for fast and self-contained test kits.

/EIN News/ -- Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-6108

U.S. Digital Pregnancy Test Kit Market: Restraints

  • Product recalls: Home pregnancy test kits have been recalled in Australia after several incidences of false results. This recall – though in Australia – is likely to affect the U.S. digital pregnancy test kit market and will restrain revenue growth to some extent.
  • Low reimbursement policies and high cost of digital pregnancy test kits: Pregnancy test kits are not covered under most pregnancy health insurance policies. Besides, there is also an absence of reimbursement policies by the government regarding the usage of digital pregnancy test kits. This is expected to restrict market revenue growth.

Preview Analysis on U.S. Digital Pregnancy Test Kit Market Segmentation Product Type - Branded Test Kits, Private Label Test Kit; Distribution Channel – Pharmacies, Drug Stores, Maternity Clinics, Online Sales, Hypermarket and Supermarket: https://www.futuremarketinsights.com/reports/us-digital-pregnancy-test-kit-market

U.S. Digital Pregnancy Test Kit Market: Segmental Analysis

The U.S. digital pregnancy test kit market is segmented on the basis of product type and distribution channel. On the basis of product type, the market is segmented into branded test kits and private label test kits. In terms of revenue, the branded test kits product type segment is projected to remain dominant and is projected to gain traction due to technological advancements. Branded test kits is the most attractive segment with a market attractiveness index of 1.8 over the forecast period, while the private label test kits segment is expected to be the second most lucrative segment in the U.S. digital pregnancy test kits market by product type, with an attractiveness index of 0.2 during the assessment period.

Segmentation by distribution channel comprises pharmacies, drug stores, maternity clinics, online sales, hypermarkets and supermarkets. Pharmacies and drug stores are expected to dominate the market by distribution channel with more than 60% market share over the forecast period. Online sales accounted for 11.8% value share in 2017 and is projected to account for 12.6% share by 2027 end whereas revenue from hypermarkets & supermarkets is anticipated to increase at a CAGR of 2.7% over 2017–2027, to reach US$ 6.6 Mn by 2027. 

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-6108

U.S. Digital Pregnancy Test Kit Market: Key Players

Swiss Precision Diagnostics GmbH, Church & Dwight Co., Inc., Gregory Pharmaceutical Holdings, Inc., and Sugentech, Inc. are some of the key players operating in the U.S. digital pregnancy test kit market.

More from FMI’s Healthcare, Pharmaceuticals and Medical devices Market Intelligence:

  • Respiratory Devices Market Respiratory Devices Market Segmentation By Product Type – Respiratory Consumables (Oxygen Tubing Sets, Breathing Filters), Nebulizers (Compressed Jet Nebulizers, Ultrasonic Nebulizers), Oxygen Concentrators (Home Oxygen Concentrators, Portable Oxygen Concentrators), Positive Airway Pressure (Pap) Devices, Polysomnography Devices, Pulse Oximeters, Mechanical Ventilators, Spirometers; By End User – Hospitals, Ambulatory Surgical Centres, Clinics, Long Term Care Centres, Others: https://www.futuremarketinsights.com/reports/respiratory-devices-market
  • Smart Insulin Pens Market Smart Insulin Pens Market Segmentation By Indication – Diabetes Type I, Diabetes Type II; By Connectivity – Bluetooth Connected Smart Insulin Pen, USB Connected Smart Insulin Pen; By Distribution Channel – Clinics and Ambulatory Surgical Centres, E-Commerce, Retail Pharmacies: https://www.futuremarketinsights.com/reports/smart-insulin-pens-market
  • Endovenous Laser Therapy Market Endovenous Laser Therapy Market Segments By End User - Hospitals, Ambulatory Surgical Centres and Specialised Clinics, By Product - Endovenous Laser Systems (Diode Lasers and YAG Lasers), Endovenous Laser Fibres (Bare Tip Laser Fibre, Radial Tip Laser Fibre and Gold Tip Laser Fibre): https://www.futuremarketinsights.com/reports/endovenous-laser-devices-market

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Healthcare, Pharmaceuticals and Medical devices

Contact Us
                    
                    Mr. Sudip Saha
                    Future Market Insights
                    616 Corporate Way, Suite 2-9018,
                    Valley Cottage, NY 10989,
                    United States
                    T: +1-347-918-3531
                    F: +1-845-579-5705
                    T (UK): + 44 (0) 20 7692 8790 
                    Sales: sales@futuremarketinsights.com
                    Press Office: Press@futuremrketinsights.com
                    FMI Blog: http://www.fmiblog.com/
                    Website: www.futuremarketinsights.com
                    

Primary Logo

Powered by EIN News