The global fertility services market generated $13,655 million in 2018 and is projected to reach $27,151 million by 2026, growing at a CAGR of 8.9% from 2019 to 2026 Fertility services are services availed by people who are unable to conceive naturally. These services help infertile couples, single parents, and LGBT community to procreate and start a family. In vitro fertilization and other assisted reproductive technology (ART) procedures, surrogacy, and artificial insemination are some of the widely executed fertility services.
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The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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The fertility service market is anticipated to grow considerably in the near future owing to different factors such as increase in infertility rates, changes in lifestyle, and surge in incidence of male infertility cases. Low awareness with respect to fertility services in emerging markets restrict the market growth. Rise in prevalence due to increase in risk factors, such as obesity, stress, polycystic ovarian syndrome (PCOS), sexually transmitted infections, endometrial tuberculosis, and other medical conditions, is expected to offer lucrative opportunities for market growth during the forecast period.
In the procedures segment, fertility clinics accounted for around 50% of the market share of the global fertility services market in 2018. In terms of services, egg & embryo banking segment is anticipated to grow at the fastest growth rate of 11.2% during the forecast period. This segment would exhibit a prominent growth rate owing to its crucial role in preservation of embryos, which is one of the essential factors for a successful assisted reproductive technology procedure. In addition, the segment of surgical centers would exhibit prominent growth rate due to availability of various fertility procedures under one roof, development of fertility devices with advanced technologies, and the availability of a skilled workforce. By region, Asia-Pacific generated the highest revenue in the global fertility services market in 2018.
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KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
– It offers a quantitative analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
– Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
– Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global market.
KEY MARKET SEGMENTS
– By Procedure
– IVF with ICSI
– IVF without ICSI
– By Service
– Fresh Non-donor
– Frozen Non-donor
– Egg & Embryo Banking
– Fresh Donor
– Frozen Donor
– By End User
– Fertility Clinics
– Surgical Centers
– Clinical Research Institutes
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– North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
LIST OF KEY PLAYERS PROFILED IN THE REPORT
– Apollo Hospitals Enterprise Ltd
– Care Fertility Group Ltd
– Carolinas Fertility Institute
– City Fertility
– Fertility Associates Limited
– Genea Limited
– Medicover Group
– Monash IVF Group Limited
– Progyny Inc.
– Virtus Health
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This market report shows the projected market size for the fertility services market at the end of the forecast period. The report also examines the historical and current market sizes.
On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.
The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.
The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.
The research report includes various factors contributing to the market’s growth.
The report analyzes the growth rate, market size, and market valuation for the forecast period.
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This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
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