Infertility Market Overview
The Infertility Market was valued USD 11.2 billion in 2016 and expected to grow at CAGR of 4.6% over the review period. Infertility market growth is predicted to be boosted by factors such as dropping worldwide fertility rates and an increase in the number of fertility clinics and hospitals around the world. The expansion of the infertility treatment market is being aided by technology advancements, increased public-private sector investments, and corporate funding. Infertility disorders in men and women are caused by a variety of causes, including a constant shift to a sedentary lifestyle, delayed pregnancy, and poor fetal care, which has led in an increase in infertility treatment operations.
Due to a sedentary lifestyle, both men and women’s fertility rates are dropping. The reproductive services market is driven by people getting married at an older age, working couples wishing to have children, substance misuse, other environmental variables, genetic anomalies, hectic lifestyles, obesity, prostate cancer, and a variety of other issues. Unhealthy lifestyles and harmful environmental changes have an impact on both men and women’s fertility. Fertility services have proven to be beneficial to both single and same-sex parents. The number of reproductive clinics is also on the rise, resulting in a huge demand for fertility treatments.
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However, the high cost of infertility treatment procedures, decreasing efficacy among older women, a shortage of experienced staff, and strict government regulations are some of the restraint factors that could limit the growth of the infertility treatment market in the next years. Unawareness of new technology, as well as a reluctance to trust fertility service methods, is becoming a key impediment to the market’s growth and development. Some of the methods are costly, and not everyone can afford them. In certain locations, the government is not highly supportive of fertility services.
Infertility Market Segmentation
It can be classified into many segments, according to the Infertility Market Analysis. These are depending on the type of patient, diagnostic tests, medicines, and strategies used.
The Infertility Market is divided into male, female, and other gender segments based on patient type. Infertility is more common among women, and women account for the majority of the market.
The infertility market can be divided into three categories: male, female, and general diagnostic testing. Semen analysis, genetic testing, testicular biopsy, and other tests are included in the male diagnostic test. Hysteroscopy, laparoscopy, ovulation testing, and other female diagnostic tests are available. Genetic testing, hormone testing, microscopic investigation, and imaging are examples of other tests.
The infertility market is divided into clomiphene citrate, letrozole, Serophene, and others based on drugs and procedures. Assisted reproductive technology (ART), intrauterine or artificial insemination, and tubal operations are some of the treatments employed in infertility therapy.
Infertility Market Regional Overview
Because of the significant number of charity trusts that provide cash to infertile persons for treatment of infertility problems, North America is likely to have a prominent position in the global infertility devices market in 2018.
Due to favorable government reimbursement policies for infertility treatment and facility expansion by industry participants in the region, Europe is likely to account for a considerable market share in the worldwide infertility devices market over the forecast period.
The infertility market for infertility treatments is dominated by Asia Pacific. Significant increase in medical tourism, increased awareness of infertility treatment procedures’ availability, expanding fertility centers in the region, rising healthcare expenditures, rising rate of infertility in the region, and government initiatives to increase infertility treatment accessibility in emerging nations.
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Infertility Market Competitive Dynamics
The notable players of the infertility market are Halotech DNA, SCSA Diagnostics, Inc., Andrology Solutions, Zydus Cadila Healthcare Ltd, Androvia LifeSciences, Aetna Inc., Bayer Healthcare, EMD Serono, Inc.
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