Fertility testing is a medical and physical testing assessment that tests the ability to naturally conceive. Growing older is one of the factors that might impair fertility, therefore women and men who are 35 or older who are having trouble becoming pregnant even after six months of trying should think about fertility testing. Blood tests, discussions of medical history, and minimally invasive procedures are all part of the fertility testing procedure. It mostly includes detecting hormones like luteinizing hormone or progesterone hormone in blood, urine, or saliva to determine whether an ovulation has occurred. Semen analysis is part of the tests for males to ensure a proper sperm count.
The global fertility test market was valued at US$ 537.2 Mn in 2022 and is forecast to reach a value of US$ 979.6 Mn by 2030 at a CAGR of 7.8% between 2023 and 2030.
Get a Sample Copy of Report @ https://www.coherentmarketinsights.com/insight/request-sample/5994
Our Sample Report May Includes:
‣ 2030 Updated Report Introduction, Overview, and In-depth industry analysis.
‣ 115+ Pages Research Report (Inclusion of Updated Research).
‣ Provide Chapter-wise guidance on Requests.
‣ 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
‣ Includes Updated List of tables & figures.
‣ Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Global Fertility Test Market Drivers:
Reduced fertility rates will boost market expansion: The dropping fertility rates among men and women throughout the world are one of the main factors anticipated to boost the growth of the global market for fertility tests over the forecast period. Global fertility has decreased from 5 births per woman on average in 1950 to 2.3 births per woman in 2021, a sign of the growing control people have over their reproductive lives. The worldwide fertility rate, which was 2.3 internationally in 2021, will reach the demographic tipping point of 2.1 by 2050 as a result of a globally synchronised fall in birth rates, predicts the United Nations’ World Population Prospects 2022 (WPP) study.
Increasing awareness among people to propel market growth: The growing public knowledge of fertility testing tools is another element propelling the expansion of the global market for fertility tests. For instance, the fertility rate among the population has increased over time as a result of growing public awareness about fertility testing in both industrialised and developing nations. Additionally, a number of governments and organisations hold conferences and events to educate the public on fertility testing tools.
Global Fertility Test Market Opportunities:
Players in the global fertility test market should have considerable growth potential due to rising demand for or adoption of fertility testing equipment. For instance, the demand for and/or adoption of fertility testing devices is rising quickly in tandem with the general increase in public knowledge of fertility testing. Inito, a home fertility test, debuted in the United States in August 2021. The Inito gadget is a home testing tool that tests the actual levels of progesterone, luteinizing hormone, and oestrogen. It pairs with a smartphone app to provide users with information to help them make decisions during the conception process.
Global Fertility Test Market: Competitive Landscape
Key companies covered as a part of this study include Advacare Pharma, UEBE Medical, Abbott Laboratories, Quidel Corporation, HiLin Life Products Inc., Geratherm Medical AG, Fertility Focus Limited, Fairhaven Health LLC, Church & Dwight Co. Inc., and Prestige Brands Holdings Inc., among others.
- Global Fertility Test Market, By Product:
- Ovulation Prediction Kit
- Fertility Monitors
- Urine-based Ovulation Monitors
- Saliva-based Ovulation Monitors
- Other Fertility Monitors
- Male Fertility Testing Products
- Global Fertility Test Market, By Mode of Purchase:
- OTC-based Products
- Prescription-based Products
- Global Fertility Test Market, By Application:
- Female Fertility Testing
- Male Fertility Testing
- Global Fertility Test Market, By End User:
- Home Care Setting
- Hospitals/Fertility Testing
- Global Fertility Test Market, By Product:
Get Exclusive Purchase Now to Access @ https://www.coherentmarketinsights.com/insight/buy-now/5994
Global Fertility Test Market Trends:
High demand for ovulation prediction kits is a recent trend:
For a woman who is trying to get pregnant, ovulation prediction kits are used to find out the precise day of ovulation. When used properly, these kits are over 97% accurate at spotting the luteinizing hormone (LH) surge, a sign of ovulation. These kits offer a precise prediction of the LH surge and subsequent ovulation; they work best in conjunction with other monitoring techniques. The market for ovulation prediction kits is increasing because they offer affordable fertility testing, and this trend is anticipated to continue over the projection period.
Global Fertility Test Market Restraints:
High cost of testing monitors to hinder market growth
The high cost of fertility testing monitors is one of the main factors anticipated to restrain the expansion of the global market for fertility tests. For instance, temperature and hormone levels can be measured using fertility monitors to accurately forecast ovulation and peak fertility. The price of the fertility monitor is high, nevertheless. Fertility testing monitors are available for as little as US$13 and as much as US$130. The average cost of a high-quality fertility testing monitor is in the range of US$ 70, thus this price range cannot be regarded as being within the reach of all customers.
Global Fertility Test Market: Key Developments
To support people throughout their entire reproductive journey, Kindbody announced the launch of Kind at Home in January 2022. Kind at Home will start with easy-to-use at-home fertility hormone tests for both women and men.
Carrot Fertility announced the release of a new kit in December 2021 that enables users to monitor fertility hormones and associated biomarkers at home. The earlier action and treatments from the comfort of home are made possible by a customised, one-of-a-kind test kit that goes beyond conventional reproductive hormone tests to provide a more complete picture of fertility health.
Ask Here for Customization Report @ https://www.coherentmarketinsights.com/insight/request-customization/5994
Reasons to Purchase this Report:
👉Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
👉Provision of market value (USD Billion) data for each segment and sub-segment
👉Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
👉Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
👉The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
👉Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
👉Market dynamics scenario, along with growth opportunities of the market in the years to come.
Check Out More Report:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
📞United States of America: +1-206-701-6702
📞United Kingdom: +44-020-8133-4027