Infertility patients are opting for a variety of treatments such as intrauterine insemination (IUI), intracytoplasmic sperm injection (ICSI), and in vitro fertilization (IVF), among others. In vitro fertilization (IVF) is the most common ART (Assisted reproductive technology) technique, as the success rate of IVF is high. For instance, according to the study conducted in 2015 by IVF Australia, the success rates of IVF range from 37% per embryo transfer to 8.8% per embryo transfer, for patients under 30 years and older than 40 years, respectively.
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Players in the market are adopting various strategies, such as collaboration and acquisition, to strengthen their market share, which in turn is expected to boost growth of the global infertility devices market during the forecast period. For instance, in June 2019, Thermo Fisher Scientific and Predictive Laboratories collaborated for the development of noninvasive test to support decision making and improved outcomes for women pursuing fertility treatment. Moreover, in June 2018, Vitrolife AB and GE Healthcare teamed up to expand its IVF product portfolio and improve its assisted reproductive technology offerings.
Increasing rate of infertility is expected to augment the growth of the global infertility devices market. Increasing age is associated with increased chances of infertility. For instance, as per the National Survey of Family Growth’s 2017 report, in the U.S., around 8.8% of women aged 15 to 49 years were infertile, of which around 12.7% received infertility services during 2015 and 2017.
Moreover, rising awareness about infertility treatment is expected to augment growth of the global infertility devices market. For instance, in January 2017, Merck, in collaboration with Genea, announced the opening of its first Centre of Excellence (CoE) for fertility. It will help address the unmet needs in assisted reproductive treatment (ART).
Furthermore, frequent approvals and launches of novel products by market players are expected to propel the growth of the global infertility devices market. For instance, in 2019, FUJIFILM Irvine Scientific, Inc. announced the release of Vit Kit-NX – the latest addition to an established portfolio of vitrification solutions for in IVF. They are designed to vitrify and warm oocytes and embryos in a consistent, stable environment to achieve high survival and pregnancy rates
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North America is expected to witness robust growth in the global infertility devices market due to the increase in rate of infertility, increasing demand for infertility treatment, and increasing focus in the development of novel treatments. For instance, in the U.S., BabyQuest Foundation provides financial assistance to people who cannot afford infertility treatments such as IVF, Intrauterine insemination (IUI), and egg donation.
Moreover, Europe is expected to witness robust growth in the global infertility devices market due to favorable reimbursement policies and facility expansion by market players. For instance, in December 2019, The Cooper Surgical opened a new center of excellence IVF training lab in Denmark to strengthen its market position in the Europe market.
Furthermore, Asia Pacific is expected to witness substantial growth in the market due to the increase in rate of infertility in the region. For instance, as per the Indian Society of Assisted Reproduction’s (ISAR’s) 2017 report, infertility currently affects about 10 to 14% of the Indian population. Nearly 27.5 million couples trying to conceive suffer from infertility in India.
Major players involved in the global infertility devices market are Art Biotech Pvt. Ltd., Esco Micro Pte Ltd, Cook Group Incorporated, Hamilton Thorne, Ltd, Rocket Medical plc, MedGyn Products, Inc., Kitazato Corporation, IVFTECH APS, Fujifilm Irvine Scientific, Vitrolife AB, Thermo Fisher Scientific Inc., Carl Zeiss Meditec AG, The Baker Company, Inc., The Cooper Companies, Inc., and SOMATEX Medical Technologies GmbH, among others.
◘ Comprehensive research methodology of Global Infertility Devices Market.
◘ This report also includes detailed and extensive market overview with gap analysis, historical analysis & key analyst insights.
◘ An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
◘ Analysis of regional regulations and other government policies impacting the Global Infertility Devices Market.
◘ Insights about market determinants which are stimulating the Global Infertility Devices Market.
◘ Detailed and extensive market segments with regional distribution of forecasted revenues
◘ Extensive profiles and recent developments of market players
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Table of Contents with Major Points:
Global Infertility Devices Professional Survey Report Report 2022, Forecast to 2028
1 Market Overview Infertility Devices Definition
1.1 Infertility Devices Definition
1.2 Infertility Devices Segment by Type
1.3 Market Analysis by Application
1.4 Global Infertility Devices Market Comparison by Regions (2022-2028)
1.5 Market Dynamics
1.6 Coronavirus Disease 2019 (Covid-19): Infertility Devices Industry Impact
2 Global Infertility Devices Market Competition by Manufacturer
3 Analysis of Infertility Devices Industry Key Manufacturers
4 Global Infertility Devices Market Size Categorized by Regions
5 North America Infertility Devices Market Size Categorized by Countries
6 Europe Infertility Devices Market Size Categorized by Countries
7 Asia-Pacific Infertility Devices Market Size Categorized by Countries
8 South America Infertility Devices Market Size Categorized by Countries
9 Middle East and Africa Infertility Devices Market Size Categorized by Countries
10 Global Infertility Devices Market Segment by Type
11 Global Infertility Devices Market Segment by Application
12 Market Forecast for Infertility Devices
13 Infertility Devices Related Market Analysis
14 Research Findings and Conclusion
Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Infertility Devices Market. To elaborate the concepts more briefly, data is represented through graphical and table format. Requirements of customers are collected by examining the reviews from numerous industry experts.
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