The report covers the latest factors affecting the market to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts can make highly astute projections. MRFR’s report includes a thorough analysis of the global fertility services market segmented by underlying cause, treatment type, and region. Trends and opportunities are highlighted coupled with the market share of companies as well as their valuation in the market. It analyzes new revenue sources for players and outlines the various strategies implemented by players.
Indulging in urban lifestyle has benefitted, as well as, adversely affected the populace in many ways, and one such instance is dipping fertility rate. This has resulted in a widespread awareness which is currently fueling the global fertility services market. It is expected to assist the market in scaling the market valuation to USD 36458.83 million by the end of the review period (2018-2023), asserts Market Research Future (MRFR). The Global Fertility Services Market is touted to experience growth at a CAGR close to 8.50% during the assessment period (2018-2023), as per an insightful market report by Market Research Future (MRFR).
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Key Players for Global Fertility Services Market
- Key players making an impact in the market are Merck KGaA, Cook Medical, Irvine Scientific sales Company, Inc., CooperSurgical, CARE Fertility Group Limited, Ferring Pharmaceuticals, Vitrolife, and others.
- Government initiatives across the world to reduce the cost and reimbursement policies are opening up the market. The market can now experience greater penetration, and the major players are making it more competitive by introducing various methods that can revolutionize the segment.
Segments for Global Fertility Services Market
The global market for fertility service can be segmented by underlying cause and treatment type.
Based on the underlying cause, the market comprises female infertility and male infertility. Female infertility in 2017 held the maximum market share of 54% and is expected to grow at an impressive CAGR of 8.31% during the forecast period. Increased age of motherhood and stress level, the prevalence of obesity and other medical causes are influencing the market considerably.
On the basis of treatment type, the market includes infertility drugs and assisted reproductive technology (ART). The ART has dominance over the market with 76.4% share and is expected to grow with an astounding CAGR of 8.40% during the forecast period. Growth in IVF treatments can bring in favorable winds for the segment.
Regional Analysis for Global Fertility Services Market
Geographically, the market spans across Europe, North America, Asia Pacific (APAC), and the Middle East & Africa (MEA).
Europe assumes the role of the market leader and is expected to register a healthy CAGR of 8.50% during the assessment period. Factors such as low fertility rate and adoption of IVF are factors triggering the growth of the market.
The Americas hold the second position. Well-developed healthcare infrastructure, obesity causing hormonal imbalance, and the rising number of LGBT community marriages are fueling the growth of the regional market.
The APAC is the fastest growing region, and the region is expecting a staggering growth rate of 9.04% in the foreseeable future. A huge population base, gynecological problems, and inclusion of the latest technologies in countries such as India are promoting the business regionally.
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