Fertility Services Market Size, Growth By 2025 | Global Industry Analysis, Demand Overview, Insights, Technology Developments, Top Company Profile, Key Regions

Fertility Services Market Overview

The Global Fertility Services Market 2020 is expected to register a CAGR of 8.99% during the review period of 2019 to 2025 and is predicted to reach USD 44.13 billion by 2025.

Fertility Services Market Dynamics

The growth is projected to fuel market growth in the median age of first-time motherhood. Technological advances infertility therapy and the growing incidence of obesity and alcohol/cigarette use are also projected to fuel growth in the industry. In addition, the increase of most delayed births and the shift of infertility rates are driving the growth of the fertility services industry. Moreover, due to some main factors such as higher ICSI-IVF-related success rates in cases of poor sperm morphology, poor sperm motility, low sperm count, and others, the availability of the new medical technology in IVF devices worldwide is expected to drive the fertility services market growth.

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In addition, a dramatic rise in the rate of infertility is one of the main factors driving the demand for fertility services. During the forecast period, the fertility service market is projected to see modest growth due to the increase in the adoption of fertility services due to a surge in disposable income of the population. In addition, it is expected that the portability of health care and the expansion in advertisement and promotion of medical facilities to encourage artificial reproduction would cause expansion of the market demand. However, fertility services-related costs and reimbursement problems associated with new IVF cycles are likely to hamper the fertility services sector.

Fertility Services Market Segmentation

the Global Fertility Services Market was segmented by underlying cause and treatment.

The reproductive services sector has been bifurcated into female infertility and male infertility depending on the underlying cause.

The treatment-based global fertility services industry has been segmented into ART and infertility drugs. In vitro fertilisation ( IVF), frozen embryo replacement (FER), artificial insemination and others were further segmented into ART therapy.

Fertility Services Market Regional Overview

The region-based Global Fertility Services Industry has been split into the Americas, Europe, Asia Pacific, and the Middle East & Africa.

Europe would likely lead the world demand for fertility services. The lower fertility rate and rise in the median age of motherhood in the country can be attributed to this. In addition, demand growth is also projected to be powered by growing cases of obesity and growing IVF tourism in Spain.

The demand for reproductive services in the Americas over the study period is expected to be the second-highest. It is predicted that the falling fertility rate in the Americas would fuel regional demand growth. In addition, demand growth is further fuelled by the fast acceptance rate of IVF care.

Asia-Pacific is expected to be the fastest-growing sector because of the region’s falling fertility rates. In addition, demand development is also positively impacted by delays in birth in women suffering from gynaecological disorders. The Asia-Pacific region also has strong demand prospects for the development of the market for fertility services, owing to improved accessibility and affordability of health care facilities and increased spending on healthcare and science. Because of economic progress, this area is anticipated to undergo rapid business growth. In addition, fertility services are cheaper in countries such as India compared to developed countries such as the United States, Canada, and others, accelerating the growth of fertility services on the market in this region. The development of the demand for fertility services is complemented by an increase in the introduction of fertility treatments and an increase in fertility tourism.

Fertility Services Market Competitive Dashboard

The prominent players in the Global Fertility Services Market are Merck KGaA (Germany), CooperSurgical, Inc. (US), Care Fertility (UK), Ferring B.V. (Switzerland), INVO Bioscience (US), Vitrolife (Sweden), Monash IVF Group (Australia), Cook (US), FUJIFILM Irvine Scientific (US), and Kitazato Corporation (Japan).

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