GMI Research expects revenue for the global infertility treatment market to reach USD 28059.4 million in 2025, growing at a CAGR of 9.4% through to 2025.
- The Major factors driving the market growth are:
- Rising infertility rate across the globe coupled with increasing prevalence of obesity expected to spur the market growth
- Growing acceptance of assisted reproductive technology among patient due to high success rate is expected to support the growth of the global infertility treatment market
The factors such as increase in infertility related patient pool, growth in volume of ART procedures, emergence of personalized medicine specifically for infertility treatment and rising awareness are driving the growth of global infertility treatment market. In addition, an increasing number of research and development activities and introduction of new diagnostics devices are to create various growth opportunities in the infertility treatment market during the forecast period.
Equipment Segment type captured the largest market share in 2017 and will continue to dominate the market share through 2025 due to high installation of these device in Fertility Centers. In addition, fertility centers that are increasing every year are positively impacting infertility treatment market growth.
Assisted Reproductive Technology segment is expected to dominate the market during the forecast period due to popularity, effectiveness and wide acceptance of ART in infertility treatment market. Also, increasing awareness of infertility treatment and diagnosis globally will also boost the demand infertility treatment market
Fertility Centers segments is growing rapidly due to number of fertility Clinics has increased over the last few years and majority of the infertility treatment performed in specialized fertility clinic. Moreover, fertility clinics also provide family planning counselling to couple is contributing significantly to its acceptance in the infertility treatment market. However, Hospital segment shows comparative promising growth than fertility centers as increase the number of hospitals equipped to perform infertility treatment procedures is also expected to spur the growth of this end user segment
“Assisted Reproductive Technology is the promising growth potential market sector for Infertility Treatment across the globe”—-GMI Research Outlook
Based on geography, North America is the largest market in 2017 for the infertility treatment because large number of ART procedure performed in United states, increasing pool of awareness, good reimbursement scenario, growth in number of fertility clinics and rising infertile population. Asia-Pacific is expected to witness higher growth over the forecast period, primarily due to an increase in infertility rate in this region especially in South Asian Countries such as Japan, South Korea, Singapore, and Taiwan. Moreover, growing awareness about available treatment options and government initiative are positively impacting infertility treatment market growth.
- Key takeaways/key essentials:
- Rise in the volume of ART has increased demand for Infertility treatment across the globe
- In 2018, Irvine Scientific, a Fujifilm company announced new agreement with Corning Inc., which gives distribution rights to Irvine Scientific for Falcon, In Vitro Fertilization (IVF) dishes and plates line, a Corning’s product in United States
- In 2019, Vitrolife received the approval to sell its time lapse incubator Embryoscope+ in China, which is one of the largest markets for IVF treatments.
Global Infertility treatment market share is divided by some of the key players including, Hamilton Thorne Ltd., Cook Group, SOMATEX Medical Technologies, The Cooper Companies, Vitrolife, Merck & Co., Esco Micro Ltd., Esco Micro Ltd., Thermo Fischer Scientific, Genea Ltd. among others.
The global Infertility treatment market has been segmented based on product, procedure, end user, and key geographies. Based on the product, global Infertility Treatment market has been segmented into equipment, media & consumables and accessories. Based on Procedure Type, the market has been segmented into assisted reproductive technology, fertility surgery, artificial insemination and other. Based on end user, the market has been segmented into fertility centers, hospitals & surgical clinics and others.
The research report on Infertility Treatment market provides in-depth analysis of the global Infertility Treatment market revenue based on product type, end user and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report also provides market size and forecast for Infertility Treatment market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
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