Key Players – Fertility Services Market
The key players operating in the Global Fertility Services Market are
- Cook Medical (U.S.),
- Merck KGaA (Germany),
- Irvine Scientific (U.S.),
- CooperSurgical Inc (U.S.).
- Ferring Pharmaceuticals Inc. (U.S.),
- CARE Fertility Group Limited (U.K.),
- Vitrolife (U.S.)
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.
Get Exclusive Sample Copy of “Fertility Services Market” Report @ https://www.marketresearchfuture.com/sample_request/6281
Fertility Services Market – Overview
A radical shift in lifestyle has led to a decline in fertility rates. It is anticipated to boost the demand for fertility services over the next couple of years. The Global Fertility Services Market, according to Market Research Future (MRFR)’s assessment, is projected to expand at 8.5% CAGR during the review period 8.5% 2018 to 2023. The decrease in birth rate is projected to have a favorable impact on the expansion of the fertility services market.
The prominent market enhancing factors for the global fertility services market include growing urbanization, rising numbers of women joining the workforce, the inclination of women for advanced studies, delayed family planning, and reimbursement schemes. Another crucial factor contributing to the market growth include advances in fertility treatment that gives women options to bear children in later years. Such technologies are gaining popularity due to use and endorsement by female celebrities. However, high costs for fertility treatments can affect market growth negatively.
Urban lifestyle has prompted the prevalence of chronic diseases which is prognosticated to generate demand for fertility services in the years to come. Increasing awareness about the availability of these services has catalyzed the expansion of the fertility services market in the years to come.
The increasing healthcare expenditure across the world is another major factor anticipated to have a favorable influence on the expansion of the fertility services market over the review period. In addition, the increasing cases of late pregnancies are projected to accelerate revenue creation in the foreseeable future. The rising women working population has led to drastic changes in lifestyle which is forecasted encourage the growth pace of the fertility services market across the assessment period.
Market Opportunities
Increasing Cases of Prostate Cancer
In the wake of rising cases of prostate cancer around the world, the fertility services market will profit to a large extent as this key trend is catching on quite rapidly. A growing number of men are getting affected by prostate cancer, which is one of the most common types of cancers; wherein this factor can have an indirect positive effect on the growth of the market. To elaborate, this cancer can be treated by removing the prostate gland, which results in the declining fertility among men as well as impaired sexual function.
Segments – Fertility Services Market
On the basis of Underlying cause, the Global Fertility Services Market has been segmented into male infertility and female infertility. The female fertility segment has captured over 50% of the market share and is poised to expand at the highest CAGR over the forecast period. The factors that are expected to boost the growth pace of the segment are increasing obesity rate, changes in lifestyle, late pregnancies, etc.
On the basis of treatment type, the Fertility Services Market has been bifurcated into assisted reproductive technology (ART), and infertility drugs. The assisted reproductive technology (ART) segment has been further sub-segmented into IVF, Frozen Embryo Replacement (FER), and Artificial Insemination. It is also expected to lead the growth of the market and had control over 76% market share in 2017. Increasing demand for IVF treatments is anticipated to boost the revenue creation of the segment in the years to come.
Regional Analysis – Fertility Services Market
A geographical outlining of the global fertility services market covers Europe, The Americas (North America & Latin America), Asia Pacific, and the Middle East & Africa (MEA).
Expected to grow at 8.50% CAGR during the forecast period, Europe holds the largest market share of 34.6% due to the low fertility rate in this region. The trend of delayed family planning is also aiding market growth. The reimbursement policies in the majority of European countries are also promoting the demand for fertility services. Due to the availability of advanced medical facilities and economic development, Western Europe is the bigger market segment, compared to Eastern Europe. The paramount country-specific markets in this region include France, Germany, Italy, Spain, and the UK. An analysis of the remaining countries in Western Europe featured in this report estimates the huge contribution to market revenue from some other countries, along with and a sizable revenue contribution from Eastern Europe.
The Americas region is the second-largest regional market with North America occupying the major chunk of market revenue due to the same reasons as in Europe. North America generates higher market revenue due to the presence of key market players, high obesity rates in the USA, and subsequent dip in fertility rates. Hence, more women are now turning to fertility services, leading the market to grow. After the USA, Canada has the biggest chunk of market revenue. A decent market revenue share also comes from Latin America.
During the forecast period, the Asia Pacific region can grow at the fastest pace due to rapid urbanization in the region, subsequent changing lifestyles, and the emergence of increased fertility problems. Adoption of sophisticated technology and increasingly favorable reimbursement policies can improve the market growth in countries like India and Japan. Other significant country-specific markets in this region are Australia, China, and South Korea. An analysis of the remaining countries in the Asia Pacific region featured in this report anticipates the huge contribution to market revenue from some other countries.
The market growth in the MEA region is low due to lack of awareness, limited availability of skilled medical professionals, various social restrictions due to many religious as well as cultural factors, less investment in the healthcare sector, and dearth in advanced medical facilities.
Get an Exclusive Discount on Report @ https://www.marketresearchfuture.com/check-discount/6281
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Statistical Report, Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/fertility-services-market-6281