Fertility Services Market Growth Status, Share, Global Size, Cost Structure, Statistics, Treatments, Forecast by Industry Specialist to 2023

The recent report by Market Research Future (MRFR) predicts that the Global Fertility Services Market holds lot of potential and is projected to surge at a healthy growth rate of 8.50% during the assessment period (2018-2023).

The Fertility Services Market will be witnessing considerable growth in the future on account of the rising incidence of infertility cases, coupled with the emerging trend of delayed pregnancies among women. Also, continuous technological advancements in the fertility procedures as well as increased occurrences of gamete donations will prove to be highly beneficial for the development of the market.

Additional factors that are promoting the lucrative growth of the fertility services market include the growing health awareness associated with fertility issues, increase in disposable income, easy availability of fertility treatments, along with favorable reimbursement policies across the globe.

The latest innovations in IVF technology like capsule IVF and embryoscope are bound to create vigorous demand for the fertility devices in the coming years. In contrast, strenuous maintenance issues can slow down the market growth to some extent. But with the upsurge of fertility clinics combined with the increase in the same sex marriages, the market will be positively influenced owing to numerous lucrative growth opportunities coming its way in the near future.

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Key Players

The leading players contending for the top spot in the global fertility services market are

Ferring Pharmaceuticals,

Merck KGaA,

CooperSurgical,

CARE Fertility Group Limited,

Vitrolife,

Irvine Scientific Sales Company, Inc.,

Cook Medical, among others.

Latest Industry News

The Dubai Health Authority is opening a new gynecology and fertility center which will commence operations in 2020.

S Based Future Family has raised over USD 10 Mn for expansion of its subscription model for fertility services.

March 2019

Manipal Fertility, part of the infertility centers of Manipal Hospitals has recently launched “ANKUR CLINIC”, which are affordable fertility services. This move is aimed at helping economically restricted patients so they can avail infertility treatment at lower prices.

Segments for Global Fertility Services Market

Segmental analysis of the fertility services market divides it on the basis of underlying cause, treatment type, and region. Underlying causes of fertility problems have been segmented into male infertility and female infertility. The female infertility segment has captured 54% of the market and is expected to grow at the highest CAGr. Increasing obesity rates, increase in various lifestyle-related health problems and increasing late family planning have played a significant role in the segments leadership position.

Treatment types are divided into assisted reproductive technology (ART), and infertility drugs. ART has established itself as the leading segment with a share of over 76% in 2017. Increased demand for IVF treatments has been observed to be responsible for the segments growth and market size.

Main geographies expounded in MRFR's report include Europe, Asia Pacific, the Americas, and the Middle East and Africa.

Regional Analysis for Global Fertility Services Market

Europe leads the market with the most significant share of 34.6%. Growing at a promising CAGR of 8.50%, the European markets growth can be attributed to the low fertility rate in the region as well as a trend of delayed family planning. Due to this, the regions reimbursement policies are promoting demand for fertility services.

The Americas have been established as the second largest regional market. The regions well-developed healthcare system and adoption of advanced technologies have boosted fertility services in the region. Moreover, the high obesity rates in the U.S has led to a dip in fertility rates, and as a result, women are turning to fertility services, thus encouraging market growth.

The APAC region is slated to grow at the fastest pace during the forecast period. Rapid urbanization in the region has resulted in changing lifestyles and the emergence of increased fertility problems. Increasingly favorable reimbursement policies and the adoption of sophisticated technology is expected to improve market growth, particularly in countries like Japan and India.

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