Allied Market Research recently published a report, titled, “Fertility Test Market by Product (Ovulation Prediction Kits, Fertility Monitors, and Male Fertility Testing Products), Mode of Purchase (OTC-based and Prescription-based), Application (Female Fertility Testing and Male Fertility Testing), and End User (Home Care Settings and Hospitals/Fertility Clinics): Global Opportunity Analysis and Industry Forecast, 2021–2028″. According to the report, the global fertility test market was pegged at $462.23 million in 2020, and is estimated to hit $842.96 million by 2028, manifesting at a CAGR of 7.8% from 2021 to 2028.
What is the market value of Fertility Test Market in 2028?
The market value of Fertility Test Market in 2028 was $ 842.9 Million
What are the key trends in the Fertility Test Market report?
The key trends in the Fertility Test Market are increase in the Polycystic Syndrome, rise in Technological advancements of products and surge in funding for development of new products
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- Covid 19 impact trends and perspective
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- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
Covid-19 Situation –
- The outbreak of Covid-19 has led to prisons in many countries. So, the government forced the maternity hospital to close to stop the spread of Covid-19. This has affected the demand for fertility testing products.
- However, the growth in the e-commerce sector has made it possible for consumers to order fertility test kits at home.
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North America to grow at a significant pace throughout the forecast period –
The global fertility testing market is analyzed across regions such as North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific market has the largest share in 2020, contributing almost two-fifths of the market. Moreover, this region is expected to register the highest CAGR of 8.4% during the forecast period. This is due to the increase in conditions like PCOS, the increase in early pregnancy among women, and the number of births is decreasing. On the other hand, the North American market is expected to show a CAGR of 6.90% during the forecast period.
The female fertility testing segment to rule the roost throughout the forecast period-
Based on application, the female fertility testing segment led the market in 2020, accounting for approximately four-fifths of the market. Furthermore, the segment is expected to exhibit the highest CAGR of 8.0% from 2021 to 2028. This is due to the increase in women’s diseases such as PCOS/PCOS in developed and developing countries. developing, increasing demand for reproductive research. products, increasing the availability of research products and advanced technologies.
Major Key Market Players in the Industry –
- Fairhaven Health LLC
- Church & Dwight Co. Inc.
- Geratherm Medical AG
- Fertility Focus Limited
- Prestige Brands Holdings Inc.
- HiLin Life Products Inc.
- Abbott Laboratories
- Quidel Corporation
- Advacare Pharma
- UEBE Medical
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Market: By Region Outlook
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)
Important Questions Being Answered by This Market Report Are –
Q1. What is the total market value of Fertility Test Market report?
Q2. What would be forecast period in the market report?
Q3. Does the Fertility Test Market company is profiled in the report?
Q4. Does the Fertility Test Market report provides Value Chain Analysis?
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Key findings of the study –
- By product, the ovulation prediction kits segment occupied a major share in 2020, and is expected to maintain the trend throughout the forecast period.
- The OTC-based segment is expected to grow with a CAGR of 8.0% from 2021 to 2028.
- Female fertility testing segment held a major share in the global market in 2020, and is expected to retain it throughout the forecast period.
- Asia-Pacific is expected to be the fastest growing region, registering a CAGR of 8.7% during the forecast period.
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