Market Summery
The Infertility Market Size is anticipated to grow at CAGR of 12.8 % and will reach a valuation of USD 4.72 billion during the forecast period 2023-2032.
The infertility market encompasses a wide range of products and services aimed at addressing fertility issues faced by individuals and couples worldwide. With infertility rates on the rise due to factors such as lifestyle changes, delayed childbearing, and environmental factors, the market has witnessed significant growth and innovation in recent years. Key segments within the infertility market include assisted reproductive technology (ART) procedures such as in vitro fertilization (IVF), fertility drugs, diagnostic tests, and fertility preservation techniques.
Technological advancements and increasing awareness about fertility options have fueled the expansion of the infertility market, with a growing number of individuals seeking solutions to conceive. IVF procedures, in particular, have emerged as a popular choice for couples struggling with infertility, offering them the possibility of parenthood through techniques like embryo transfer and intracytoplasmic sperm injection (ICSI). Additionally, the market has seen a rise in the availability of fertility clinics and specialized healthcare providers offering a range of services tailored to meet the unique needs of individuals and couples seeking fertility assistance. As the demand for infertility treatments continues to grow, the market is expected to witness further innovation and expansion in the coming years, driven by advancements in medical technology and a growing emphasis on reproductive health and wellness.
The infertility market is witnessing a significant surge in demand, driven by various factors such as advancements in assisted reproductive technology (ART) and the increasing prevalence of pregnancy difficulties among couples worldwide. Assisted reproductive technology encompasses a range of medical procedures designed to address infertility issues and facilitate conception for couples facing challenges in conceiving naturally. These technologies include in vitro fertilization (IVF), intracytoplasmic sperm injection (ICSI), and gamete intrafallopian transfer (GIFT), among others. With the refinement of these techniques and the growing expertise of fertility specialists, ART has become a cornerstone of modern fertility treatments, offering hope to individuals and couples struggling with infertility.
Market Outlook
Awareness of the condition and preventive measures in terms of treatment is likely to drive the market growth. Emergence of various clinics which can conduct tests discreetly can bode well for the market. In addition, the recognition of infertility as a disease by insurance organizations and coverage packages being dispensed to patients is a sign of the large potential of the market. Technological advances in terms of artificial reproduction technique (ART) and artificial insemination are predicted to bolster the global infertility market growth. Successful outcomes of such methods as well as conduction of clinical trials for safe methods of conception among couples are other major drivers of the market.
High Infertility treatment costs, side effects of infertility treatment, and societal taboos are factors which can impede market growth.
Competitive Outlook-
- SCSA Diagnostics, Inc.,
- Bayer Healthcare,
- EMD Serono, Inc.,
- Zydus Cadila Healthcare Ltd,
- Aetna Inc.,
- Androvia LifeSciences,
- Andrology Solutions,
- Halotech DNA,
and others are prominent names within the global infertility market players.
Segmentation Analysis
The global infertility market report is segmented by sex, diagnosis, drugs, and techniques.
- By sex, it is segmented into male, female, and unexplained.
- By diagnosis, it is segmented infertility statistics worldwide into men diagnostic tests, female diagnostic tests, and general diagnostic tests. Testicular biopsy, genetic testing, semen analysis, and others are major sub-segments within the men diagnostic tests segment. Female diagnostic tests, on the other hand, is segmented into hysterosalpingography, hysteroscopy, laparoscopy, ovulation testing, and others. Microscopic analysis, imaging, hormone testing, genetic testing, and others are segments within general diagnostic tests.
- By drugs, it is segmented into seraphine, clomiphene citrate, letrozole, hormone treatment, and others.
- By techniques, it is segmented into assisted reproductive technology (ART), surgery, and intrauterine insemination. Surgery is further segmented into tubal surgeries, laparoscopic or hysteroscopic surgery, and others.
Regional Analysis
North America, Asia Pacific, Europe, and the Middle East & Africa (MEA) are the regions being considered for the basis of the report.
North America is predicted to dominate the market led by the U.S. Factors facilitating regional market growth include rise in awareness levels of patients, high expendable income levels of patients, and reimbursement schemes.
Europe is expected to be the second largest region led by France, Germany, and the U.K. Changes in lifestyles of patients and delayed pregnancies are factors which can drive the need for fertility treatments. In addition, the successful outcomes of fertility clinics as well as rise in cryopreservation can contribute to the global infertility treatment in paris.
Industry News
Seed funding to accelerate research and development efforts put into fertility treatments is expected to increase due to successful outcomes as well as demand for affordable treatment methods. Recently, Mojo is planning to raise USD 1.8 million in capital with the help of Nordic firm, Inventure. The firm plans to use robotics and artificial intelligence to assist in egg and sperm quality analysis as well as develop methods to lower fertilization costs.
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