“Constant fall of fertility rates, delay of pregnancies in women, and technological advancements related to fertility treatments boosts the global fertility services market. Based on cycle type, the IVF with ICSI segment contributed the lion’s share in 2019. Based on end user, the fresh non-donor segment held the largest share in the global Fertility Services Market in 2018. Region wise Asia-Pacific held the highest share in 2018.”
According to the report, the global fertility services industry garnered $13.65 billion in 2018, and is expected to reach $27.15 billion by 2026, registering a CAGR of 8.9% from 2019 to 2026. The report provides an extensive analysis of drivers & opportunities, changing market trends, competitive landscape, key segments, and market size & estimations.
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Continuous fall of fertility rates, delay of pregnancies in women, and technological advancements related to fertility treatments drive the global fertility services market. Whereas, lack of effective reimbursement policies and high costs of treatment of ARTs in developing nations impede the market growth. On the other hand, increase in fertility tourism is expected to offer new opportunities to the market.
Based on cycle type, the market is divided into in vitro fertilization (IVF) with intracytoplasmic sperm injection (ICSI), surrogacy, IVF without ICSI, intrauterine insemination (IUI), and others. The IVF with ICSI segment accounted for more than half of the total share of the global fertility services market in 2018, and is estimated to continue its dominant position during the forecast period. Moreover, this segment is expected to register the highest CAGR of 10.2% from 2019 to 2026.
Based on end user, the fertility services market is categorized into fresh non-donor, frozen non-donor, egg & embryo banking, fresh donor, and frozen donor. The fresh non-donor segment held the highest share in the global fertility services market in 2018, contributing for more than half of the total share, and will maintain its leadership status in terms of revenue throughout the forecast period. Contrarily, the egg & embryo banking segment is expected to register the fastest CAGR of 11.3% from 2019 to 2026.
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Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region held the highest share in 2018, accounting for nearly two-fifths of the global fertility services market, and will maintain its leadership status during the forecast period. In addition, Asia-Pacific is expected to witness the highest growth rate, registering a CAGR of 10.8% from 2019 to 2026.
The global fertility services market report includes an in-depth analysis of the major market players such asOvaScience Inc., Progyny Inc., Xytex Cryo International, The Johns Hopkins Health System Corp., Medicover Group, Monash IVF Group, Care Fertility Group, Apollo Hospitals Enterprise Ltd., Carolinas Fertility Institute, Genea Limited.
Scope of the Report:
|Market size available for years||2018-2026|
|Base year considered||2019|
|Forecast units||Value (USD)|
|Segments covered||By Procedure, By Service, By End User, By Region|
|Geographies covered||North America, Europe, Asia-Pacific, LAMEA|
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