Good news: the rapid pregnancy test market is expected to grow at a CAGR of 4.3% in the period leading up to 2021.
“Why is this good news?” you may be asking yourself. “Why do I even care?”
The rapid pregnancy test is the kind you can take home and use there, rather than having to go to a doctor for a test. This makes pregnancy tests more available to people who cannot afford to visit a doctor, especially if they aren’t sure and don’t want to pay for a false alarm.
Additionally, it’s great for people who are on the go and may not know a doctor where they are.
Plus, since pregnancy tests can pick up pregnancies early on, it gives people more time to plan and research their options, rather than being forced into making a quick decision they may later regret.
More women are more comfortable going to their ob-gyn for a pregnancy test regardless of their marital status. However, at home pregnancy tests started due to a need for privacy, but have since expanded into something that is helpful for everyone who needs them.
If you want to know more about the business side of this and what it means for the global market, you can request the report here.