(MENAFN- America News Hour) Research Nester released a report titled“Luteinizing Hormone Test Market : Global Demand Analysis & Opportunity Outlook 2030”which delivers detailed overview of the global luteinizing hormone test market in terms of market segmentation by disease indication, end-user, distribution channel, and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The luteinizing hormone test market is projected to grow with a high CAGR during the forecast period, i.e., 2022-2030 on account of the increasing investment in the advancements of technology and the rising number of infertility cases. As per The World Health Organization (WHO), the estimated 186 million individual and 48 million couples are infertile globally. The growing prevalence of infertility is expected to boost the demand for luteinizing hormone test products globally.
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The market is segmented on the basis of disease indication, into irregular menstrual cycle, infertility, PCOS, pituitary disorder, and others, out of which, the infertility segment is anticipated to garner notable share during the forecast period, owing to the increasing cases of infertility around the globe.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the luteinizing hormone test market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period, on the back of increasing population and rising number of infertility cases. The market in the North America region is estimated to hold the largest share by the end of the forecast period. This can be attributed to the presence of leading service provider in the region, especially in the United States, who are extensively involved in the research and development for innovative of new luteinizing hormone test products.
Increasing Infertility Rate and Growing Awareness among the Population to Drive the Market Growth
According to the Centers for Disease Control and Prevention (CDC), approximately 10% of the women population in the United States which accounts of 6.1 million individuals, are suffering from infertility issue or unable to stay pregnant. Such increasing cases of reproductive problems is expected to drive the market growth over the forecast period.
The increasing awareness among the population for the growing incidence of infertility cases among the individuals and increasing number of male hypogonadism disorder are expected to boost the market.
However, the low accuracy & specificity level is one of the factors that are estimated to restrain market growth in the near future.
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This report also provides the existing competitive scenario of some of the key players of the global luteinizing hormone test market which includes company profiling of Merck & Co., Cigna Corporation, Lee BioSolutions, Inc., Swiss Precision Diagnostics GmbH, Proov Inc., Abbott Laboratories, Quidel Corporation, Geratherm Medical AG, bioMérieux SA, and CIGA Healthcare Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Luteinizing Hormone Test market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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