Global Fertility Testing Market – Overview:
Declining fertility tests around the world are prompting development of drugs and devices that can be used to address this problem. Market reports linked to the healthcare sector made available by Market Research Future along with published reports on other sectors have been recently published along with a report on this market. The industry for fertility testing is expected to demonstrate a good rate of development in terms of CAGR rate through the forecast period.
Certain factors related to modern lifestyles have influenced the rapid development of this sector. The rise in the inability to successfully conceive through natural methods has led to widespread dependence on monitoring fertility to increase the chances of pregnancy. Improvement in terms of the detection technology with regards to improving chances of conception by the use of advanced devices will lead to the progressive development of the market.
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Fertility Testing Industry Segments:
The Fertility Testing Market globally is segmented on the basis of application, types and tests. The application segment of the industry includes animals, men, and women. On the basis of types, the industry comprises of ovulation kits, fertility monitors. Lastly on the basis of tests, the industry comprises of blood test, cervical smear test, urine test, sperm test and microscopic analysis.
Fertility Testing Market Detailed Regional Analysis:
The regional analysis of the fertility testing market states that the North American region comprising Canada and the U.S., holds the major share of the fertility testing industry globally. A variety of factors such as the drop in fertility rates due to the increasing levels of first time pregnancies, age & high incidence of ‘polycystic ovary syndrome’ among women in North America, rising awareness about the benefits presented by ovulation monitors & Awareness of Fertility Methods for successful conception among women & the growth of progressive device offerings at a lesser cost are fuelling the market development in North America. However, the Asia Pacific fertility testing market is estimated to witness the most rapid growth in the forecast period. Rising anxiety, growing depression among couples, declining fertility rate, rising number of women suffering from lifestyle disorders, increasing investments and funding for the expansion of fertility & ovulation monitors, rising focus of both international & domestic players on the Asia Pacific fertility testing industry are some of the main factors motivating the fertility testing market development in the Asia-Pacific region.
Global Fertility Testing Market Competitive Analysis:
Contenders who are a part of the industry have devised their corporate strategy blueprint in a way that that can bring the best outcomes for development in the current scenario. With the ability to sustain their competitive edge being one of the primary factors driving their efforts, the scope for growth in the industry appears to be promising through the forecast period. This trend has allowed for portfolio improvements along with the affinity for diversification in the sector, which has helped the market competitors tremendously in this industry. The rising affinity for diversification in the market, has indirectly enabled the players to utilize the many prospects available. The companies in this particular industry are also trying to maintain and enhance financial liquidity that can be instrumental to invest in growth strategies as and when they become available.
Prestige Brands Holdings, Inc. in U.S., Geratherm Medical AG Germany, SPD Swiss Precision Diagnostics GmbH in Switzerland, Church & Dwight Co., Inc. in U.S., Fairhaven Health LLC in U.S., Inc. in U.S., Fertility Focus Limited in U.K. Alere Inc., HiLin Life Products are a few of the distinguished players in the fertility testing market.
Fertility Testing Industry Updates:
Mar 2018 Trak Male Fertility Testing System which is a product of Sandstone Diagnostics will be utilized in an NIH-funded study that is being led by Stanford University and Boston University. The Pregnancy Study Online (PRESTO) will study the effects of lifestyle causes on miscarriage, fertility, and birth outcomes. PRESTO is a study in progress that has mostly registered women previously. Trak which is a mail-order kit that offers men with all that they need to test their sperm count and motility within the comfort of your home, was utilized in a 40-person pilot study and will now be stretched out to 300 male partners of female study participants.
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