Fertility Testing Market – Overview
Global Fertility Testing Market will perceive phenomenal accruals posting a striking CAGR during 2017 – 2024. Fertility issues nowadays have become one of the primary concerns among couples. Especially in the younger generation with an alarming ratio of 6:1. While Female infertility alone account for almost 50% of all infertility cases & the other half (50%) accounts to Male infertility. Male infertility is too a widespread problem. Reasons could be many but the notable ones include – ovulation problems, damage to fallopian tubes/ uterus, problems with the cervix and the low sperm production. Conversely the root cause that leads to these reasons is lifestyle choices! If only people affected with infertility realise it. However, not being able to conceive a child can be stressful and frustrating.
Thanks to the advancements in technology & medical science for availing a number of infertility test & treatments are available. This coupled with the growing prevalence of infertility and gynaecological disorders propel the market growth.
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People are curious to know the reasons behind their infertility and are willing to take treatments to solve their fertility problems. Attributing to which fertility tests and related products are witnessing extensive demand worldwide.
Acknowledging the spurting growth the market is perceiving currently & the potential the market holds to grow globally, a leading research firm ‘Market Research Future’ (MRFR) has recently published a brilliant study report mapping companies active in the industry and the growth drivers & restraining factors.
In addition, other factors driving the market growth include growing demand for fast and self-contained tests, rising government support and recent technological developments of POC Pregnancy and Fertility Testing and availability of decentralised diagnostic tests over time-consuming laboratory tests. Moreover, technological advancements and widespread adoption of phones with increasingly powerful technical capabilities are providing impetus to the market growth of fertility testing.
Worldwide Fertility Testing Market – Competitive Landscape
With the presence of numerous matured & small key players accounting for a substantial market share, this market appears to be fiercely competitive & fragmented. These market players try to gain competitive advantage through strategic partnership, acquisition, expansion, collaboration, product & technology launch. Well established players are investing heavily in R&D and clinical trials to develop effective Fertility Testing Kits.
Strategic partnerships between manufacturers, in house production of multiple Fertility Testing products and contract of manufacturing (manufacturing at some other facility) such factors will support to the growth and expansion plans of the key players during the forecast period. However, patent protections and availability of other intellectual rights are preventing these formulations from imitation.
Worldwide Fertility Testing Market – Segments
For the convenience of the report and enhanced understanding; the Fertility Testing Market is fragmented in to 4 key dynamics.
By Application: Includes Animals, Men, and Women.
By Types: Fertility, Ovulation Kits, Monitors among others.
By Tests: Cervical Smear Test, Blood Test, Urine Test, Microscopic Analysis, Sperm Test, and other.
By Regions: North America, Europe, APAC and Rest of the World.
Global Fertility Testing Market – Geographical Analysis
The North American region accounts for the leading market for fertility testing accounting for the significant share in the global market. The fertility testing market in North America is growing due to the well-spread awareness about the availability of fertility testing and the various devices associated with fertility, and their benefits.
The use of fertility monitors and ovulation kits is increasing leading to increasing the demand for fertility testing devices which is further expected to drive the market growth in the North American region. Moreover, technological advancements transpired into the field of fertility testing are expected to contribute to the market to grow pervasively in the upcoming years.
The European region is another lucrative market for fertility testing which accounts for the second-largest market share in the global market. The on-going trend of AMH test for fertility testing would add more value to the regional market. Additionally, the increasing R&D funding and the presence of many companies involved in developing new technologies for the advancement of fertility testing kits is expected to foster the growth in the regional market.
The Asia Pacific region is emerging as a promising market for fertility testing. Improving economic conditions in the region support the market growth in the region, increasing the per capita healthcare expenditures. Moreover, growing issues associated with the fertility led by the changing lifestyle are driving the market growth in the region.
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