Fertility Services Market Overview
The fertility service is helpful for couples, LGBT community single mothers, those who wish to get pregnant through methods like Vitro fertilization, Artificial insemination, and surrogacy.
The fertility services market has reached a value of USD 26,332.00 Million in the year 2019, and it is now expected to reach USD 37,357.51 Million by 2027 and a CAGR of 6.02 % during the forecast period, says Market Research Future (MRFR).
The rise in the growth of postponing pregnancy and removal of the epididymis blockage success rates is driving the fertility services market. The rise in the number of health conditions leading to fertility, such as obesity, delay in pregnancy, hormonal issues, sexually transmitted infections and other diseases, are propelling the market’s growth.
The new innovation and advancements in IVF devices like the implementation of Microfluidics technology associated with the IVF procedures are automating the method and reducing the stress amount over the gametes, embryos, and variability. Due to these factors, the fertility services market noticed huge growth opportunities.
The conventional procedures in sperm selection are considered labour-intensive, and they can produce low motile sperm. The implementation of microfluidics enhances the semen analysis for male infertility treatment. This method proved to be time-saving and speeds up the procedure. Technical advancements are accelerating the market’s demand.
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During the COVID 19, pandemic fertility services market was harshly affected when the consultants stopped accepting fertility cases. The complications in the pregnancy period increase due to the COVID infection. Hence, people were afraid to visit the centres. The research and development activities were halted due to the lack of manpower in the pandemic. These factors have brought down the growth rate of the market.
Fertility Services Market Segmentation
The fertility services market is segmented into the procedure, service, and end-user.
The procedure segment of the market is categorized into IVF without ICSI, IVF with ICSI, IUI, Surrogacy and others. The service segment is classified into Egg & Embryo Banking, Fresh Non-donor, Fresh Donor, Frozen Non-donor, and Frozen Donor.
The end-user section of the fertility services market covers the industrial verticals where the application is wide such as Hospitals, Fertility Clinics, Surgical Centers and Clinical Research Institutes.
Fertility Services Market Regional Analysis
The fertility services market regional report shows the regions covered, such as the Americas, Asia Pacific, Europe and the Middle East and Africa.
The European market is showing the highest market value due to the rise in obese patients. The United States of the North American region even holds a significant share due to the adoption of IVF treatments. The people of Europe prefer fertility treatments in Denmark; hence this region is attributed to the regional market growth. Mexico is not even imposing any regulations for IVF or Egg donations, which contributes to the market’s growth. Iran possesses the most advanced and updated IVF equipment for fertility treatments. The presence of well-developed health care centres in the Middle East and Africa is accelerating the regional market of the region. These regions will raise the value of the global market.
Fertility Services Market Key Players
Prominent players in the fertility services market are Merck KGaA, Cook Medical, Irvine Scientific Company Inc., Copper Surgical, Kitazato Cooperation, Vitrolife, Ferring B. V, Monash IVF Group, Care Fertility
Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/fertility-services-market-6281
KKR has signed a deal with Fertility Treatment Provider Ivirma. It has emerged as a buyer for Ivirma after outbidding rivals. The takeover will value Ivirma at about 2.5-3 billion euros.
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