Global Home Pregnancy Tests (HPT) Market to Reach $1.6 Billion by 2030
The global market for Home Pregnancy Tests (HPT) estimated at US$1.1 Billion in the year 2023, is expected to reach US$1.6 Billion by 2030, growing at a CAGR of 6% over the analysis period 2023-2030. Digital Home Pregnancy Test Devices, one of the segments analyzed in the report, is expected to record a 7.1% CAGR and reach US$597.6 Million by the end of the analysis period. Growth in the Strips / Dip Sticks & Cards segment is estimated at 6.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $291.7 Million, While China is Forecast to Grow at 9.9% CAGR
The Home Pregnancy Tests (HPT) market in the U.S. is estimated at US$291.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$348.3 Million by the year 2030 trailing a CAGR of 9.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 6.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$212.9 Million by the year 2030.
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