MarketResearchFuture.com (MRFR) in it’s Recently Announced study report asserts that the “Global Fertility Testing Market” the report offer detailed insights about the Historical Trends and Current Scenario with Top Industry Players, Demand, Major Drivers and Industry Dynamics up to 2023.
Market Synopsis
The Global Fertility Testing Market is predicted to demonstrate a robust CAGR, garnering further prominence throughout the assessment period (2017-2024). Increasing issues associated with fertility is likely to favor the market growth. Fertility testing is referred to as a process in which fertility or infertility is assessed. Infertility is the inability in a person to reproduce naturally and is diagnosed when a couple hasn’t successfully achieved pregnancy after a year or when the natural state of a healthy adult is imbalanced. Fertility testing enables an individual to find the cause and how one should proceed with the treatment.
Market Potential and Pitfalls
With augmenting concerns associated with fertility, the global fertility testing market is experiencing an upthrust. The surging demand for fertility testing devices and kits have grabbed more attention across the world.
Medical science has also witnessed development in technologies which have further triggered the growth of the fertility testing market throughout the assessment period. Factors such as the rising prevalence of gynecological disorders and infertility coupled with the developing healthcare infrastructure led by the improving economic conditions are enabling increased access to quality healthcare. Moreover, individuals are extremely becoming curious and are willing to take treatments in order to solve their fertility issues. Such factors are propelling the market growth to a great extent.
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Additional factors fueling the market growth are the burgeoning demand for self-contained and fast tests, availability of decentralized diagnostic tests over laboratory tests which are time-consuming, the emergence of fertility and POC pregnancy testing, and growing support from the government across the world. Moreover, with the rising adoption of smartphones along with growing technical capabilities, the market is predicted to propel during the appraisal period.
On the contrary, the availability of low-cost and counterfeit fertility testing devices and kits is considered to replace the quality products, thereby obstructing the market growth across the globe. Additionally, low uptake of such products, controversies associated with such test kits, and issues concerned with the utilization of such devices are some of the other concerns estimated to vitiate the market growth.
Competitive Dashboard
The prominent players operating the global fertility testing market are Swiss Precision Diagnostics GmbH, Abbott Laboratories, bioMérieux SA, DCC Plc., Alere Inc., Church & Dwight Co. Inc., Procter & Gamble Co., Quidel Corporation, Geratherm Medical AG, and Prestige Brands Holdings Inc.
Global Fertility Testing Market: Segmental Analysis
The global fertility testing market has been segmented on the basis of application, types, and tests.
By mode of application, the global fertility testing market has been segmented into women, men, and animals. Among these, the women segment is likely to dominate the global market as the complications associated with fertility are seen more in women compared to the other segments.
By mode of types, the global fertility testing market has been segmented into fertility, ovulation kits, and monitors. Among these, the ovulation kits segment is predicted to command the largest market share. The growth in this segment is credited to the high efficacy and low cost, ease of use, high preferences of such products, and low cost compared to fertility monitors.
By mode of tests, the global fertility testing market has been segmented into cervical smear test, blood test, sperm test, urine test, and microscopic analysis.
Regional Insights
Geographically, the fertility testing market span across regions namely, America, Asia Pacific, Europe, and Rest-of-the-World (RoW).
Among all the regions, the American region is predicted to lead the global fertility testing market and is likely to generate a significant share. The growth is credited to the well-spread awareness associated with the availability of fertility testing coupled with the several devices associated with fertility and their benefits. According to the National Center of Health Statistics, the rate of U.S. fertility was 2.0 births per women in 2009. It dropped to 1.9 in the year 2011. Moreover, the use of ovulation kits and fertility monitors are increasing, which is further triggering the demand for fertility testing devices. Technological advancements in the field of fertility testing are also likely to influence the market growth in the coming years.
Europe is considered to be a lucrative region and is likely to occupy the second-largest position in the global market. With the augmenting funding for R&D activities and the presence of market players involved in the development of new technologies, the market for fertility testing is presumed to propel. Also, the on-going trend of AMH test for fertility testing is predicted to contribute to the market growth.
The Asia Pacific is likely to emerge as a promising market in the coming years owing to the rising per capita healthcare expenditure and improving economic conditions. Additionally, increasing issues related to fertility due to changing lifestyle is presumed to foster the market growth in this region.
Industry Updates
January 31, 2019: The men’s health company who specializes in reinventing the fertility industry, Dadi has recently announced its company launch. They are offering an approachable option for fertility testing and sperm storage. The company’s sperm storage kit and at-home fertility test, which is FDA-licensed, provides men with a long-term and low-cost option for storing young, healthy sperm.
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