The global fertility services market is expected to witness a substantial growth in future owing to rising incidence of infertility cases, emerging trend of delayed pregnancies among women, technological advancements in fertility procedures, and increased occurrences of gamete donations.
Global Fertility Services Market is expected to rise from its initial estimated value of USD 20,398.07 million in 2018 to an estimated value of USD 41,396.21 million by 2026 registering a CAGR of 9.25% in the forecast period of 2019-2026. This rise in the market can be attributed to the changing lifestyle and increasing infertility rates.
Furthermore, rise in health awareness on fertility issues, availability of fertility treatments, increase in disposable income, and favorable reimbursement policies further augment the market growth.
Key Market Competitors:
Few of the major market competitors currently working in the fertility services market are Olympus Corporation, Cook, The Cooper Companies Inc., Instituto Bernabeu, Virtus Health, CooperSurgical, Inc., Vitrolife, CARE Fertility, INVO Bioscience, Monash IVF, Fertility Focus, Carolinas Fertility Institute, Apollo Hospitals Enterprise Ltd., Merck KGaA, LABOTECT GMBH, Genea Limited, Medicover, The Johns Hopkins Hospital, Progyny, Inc., CryoChoice, LLC., Millendo Therapeutics, Inc., FUJIFILM Irvine Scientific, LifeGlobal / CooperSurgical and IVFtech ApS.
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Fertility services are the services taken by people who are not capable of conceiving naturally. These fertility services help single parents, LGBT community and infertile couples for procreating and to start a family. Fertility services involve several techniques which are used for treating genetic issues and infertility problems to help out in conception.
“Fertility services such as IUI and IVF are being offered at very affordable rates in emerging markets such as Asia-Pacific, this market is expected to grow at the highest rate during the forecast period.”
Various policies and news are also included in the Fertility Services Market report. Various costs involved in the production of Fertility Services are discussed further. This includes labour cost, depreciation cost, raw material cost and other costs.
The global fertility services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fertility services market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Further in the Fertility Services Market research report, following points are included along with in-depth study of each point:
- Production Analysis– Production of the Fertility Services is analyzed with respect to different regions, types and applications. Here, price analysis of various Fertility Services Market key players is also covered.
- Sales and Revenue Analysis– Both, sales and revenue are studied for the different regions of the global Fertility Services Market. another major aspect, price, which plays important part in the revenue generation is also assessed in this section for the various regions.
- Supply and Consumption– In continuation with sales, this section studies supply and consumption for the Fertility Services Market. This part also sheds light on the gap between supple and consumption. Import and export figures are also given in this part.
- Other analyses– Apart from the information, trade and distribution analysis for the Fertility Services Market, contact information of major manufacturers, suppliers and key consumers is also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.
Key Developments in the Market:
- In November 2018, INVO Bioscience and Ferring pharmaceuticals entered into an U.S. licensing agreement for commercializing the novel invocell system to use it in the infertility treatment.
- In June 2018, Alabama fertility and INVO Bioscience announced their first invocell pregnancy in Alabama. This strategy would help in enhancing the customer base and would be a great addition to their scope of services.
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- Delayed pregnancies in women has increased the fertility services market demand
- Technological developments regarding fertility treatment in the industry will act as a major market driver
- High cost of ARTs treatment in developed countries is acting as a major restraint for the market
- Inadequate reimbursement policies will hamper the fertility services industry
By Cause of Infertility
- Male infertility
- Female infertility
- Assisted Reproductive Technology (ART)
- In-Vitro Fertilization
- Intracytoplasmic Sperm Injection (ICSI)
- Pre-implantation Genetic Diagnostics (PGD)
- Artificial Insemination
- Intrauterine Insemination,
- Intracervical Insemination
- Fertility Clinics
- Clinical Research Institutes
- Surgical centers
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
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