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Growing Awareness in North America, Europe Drives Fertility Testing MarketThe Global Fertility Testing Market is expected to exhibit steady growth over the forecast period from 2017 to 2024, according to a new research report from Market Research Future (MRFR). The global fertility testing market is mainly driven by the growing prevalence of infertility conditions and growing reliance on technological means to correct the same. The report presents a detailed breakdown of the global fertility testing market by analyzing the market’s historical trajectory over the review period and the market’s major drivers and restraints. The report further delivers reliable forecasts regarding the global fertility testing market’s future growth trajectory over the forecast period.
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The growing prevalence of fertility problems is likely to remain the major driver for the global fertility testing market over the forecast period. Fertility testing comprises various processes through which various parameters about the sexual health of the two individuals in question are analyzed to pinpoint the exact problem stopping them from conceiving a child. Having diagnosed the precise condition, fertility testing goes further to recommend the best ways for the couple in question, based on their own unique personal background. The utility of this service is majorly felt by the growing number of couples facing infertility-related problems.
The growing adoption of lifestyle choices that hamper fertility, such as excessive smoking, is likely to remain a key driver for the global fertility testing market over the forecast period. The growing prevalence of obesity is also likely to be a major driver for the global fertility testing market over the forecast period, as obesity is linked to several vascular disorders that contribute to the occurrence of infertility.
The rising demand for more technologically advanced fertility testing and diagnosis solutions is likely to be a major driver for the global fertility testing market over the forecast period. Steady investment in medical devices has resulted in a steady progression of more advanced devices capable of making diagnosis more accurately and in a short period of time.
Competitive Analysis:
Leading players in the global fertility testing market include Quidel Corporation, Alere Inc., Geratherm Medical AG, Procter & Gamble Co., Abbott Laboratories, DCC plc, Swiss Precision Diagnostics GmbH, Church & Dwight Co. Inc., bioMerieux SA, and Prestige Brands Holdings Inc.
Industry Updates:
In September 2018, Mira launched a new fertility testing device, the Mira Fertility System.
Segmentation:
The global fertility testing market is segmented by application, type, test, and region.
The global fertility testing market is segmented by application into animals, men, and women.
By type, the global fertility testing market is segmented into ovulation kits and fertility monitors.
By test, the global fertility testing market is segmented into blood test, urine test, cervical smear test, sperm test, and microscopic analysis.
Regional Analysis:
The global fertility testing market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas is further segmented into North and South America, while Europe is segmented into Western and Eastern Europe and dominated by countries such as France, Germany, the UK, Italy, Poland, and Russia.
North America is likely to hold the major share in the global fertility testing market over the forecast period due to the widespread awareness about fertility testing and the growing prevalence of infertility problems. The growing prevalence of obesity in North America is a major driver for the fertility testing market in the region, as obesity, especially morbid obesity, is closely linked to infertility due to the effect it has on the cardiovascular system. Rising awareness about fertility testing and treatment in this region has led to a steady growth in the fertility testing market in the region over the last few years.
Europe also holds a leading share in the global fertility testing market and is likely to remain dominant throughout the forecast period due to the growing awareness about fertility testing in the region and the high disposable income of consumers, which allows them to avail the most advanced fertility testing and treatment procedures with ease. The attention paid by new mothers in the region to all aspects of their pregnancy has resulted in growing demand from the fertility testing market and is likely to drive the market over the forecast period.
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Release ID: 502130