Infertility Services Market Report
The Global Infertility Services Market report is segmented by Procedure (Assisted Reproductive Technology [IVF, ICSI, Surrogacy], Artificial Insemination, Fertility Surgery [Laparoscopy, Hysteroscopy, Tubal Ligation Reversal, Others], Others), By Patient Type (Female, Male), By End Use (Fertility Clinics, Hospitals, Cryobanks) and Region.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global infertility services market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The Global Infertility Services Market report is segmented by Procedure (Assisted Reproductive Technology [IVF, ICSI, Surrogacy], Artificial Insemination, Fertility Surgery [Laparoscopy, Hysteroscopy, Tubal Ligation Reversal, Others], Others), By Patient Type...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Infertility Services Market is projected to grow from USD xx billion in 2020 to USD xx billion by 2026 at a CAGR of over 8.5% during the forecast period.
Figure: Global Infertility Services Market Size, 2020-2026 (USD Billion)
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What are Infertility Services?
Infertility services mainly involve various medical procedures to treat genetic and fertility issues and help with the conception of a baby. These services primarily consist of assisted reproductive technology (ART) methods, which help single parents and couples across the globe. Infertility services also help conceive a baby to infertile couples and the Lesbian, Gay, Bisexual, and Transgender (LGBT) community in planning a family.
Key players operating in the global infertility services market are-
The declining fertility rate is one of the key drivers of the infertility services market growth.
By patient type, the global infertility services market has been bifurcated into females and males.
By region, the North America market held the largest market share in 2020 and is likely to register a steady CAGR in the coming years.
The outbreak of the COVID-19 virus had a devastating impact on the infertility services industry. The market growth was affected when the governments across geographies imposed lockdown as it resulted in travel restriction. Also, many non-essential medical and surgical procedures including in-vitro fertilization were put on a halt which affected the market growth. Various patients agreed to cancel fertility cycles due to fear of infection which further affected the market growth. However, patients are likely to resume IVF treatment with a decline in covid-19 cases and the availability of vaccines.
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Here is the list of the group of customers that the Infertility Services market hopes to have the greatest opportunity to convert-
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Cook Group Incorporated (The U.S), Esco Micro Pte. Ltd. (Singapore), Genea Limited (Australia), Hamilton Throne, Ltd. (The U.S), Ihmedical A/S (Denmark), Irvine Scientific (The U.S), IVFTech Aps (Denmark), Kitazato Corporation (Japan), Medgyn Products, Inc. (The U.S) and Rocket Medical PLC (UK) are among the key players in the snfertility services market.
North America held the largest share of infertility services market in 2020.
The female segment held the highest share in the infertility services market in 2020.
The declining fertility rate, the growing number of fertility clinics across the globe, rising public-private investments, funds, and grants; and technological advancements are the factors driving the growth of infertility services market.
Infertility services companies, Fertility centers, InVitro fertilization (IVF) distributors, Organizations, Government bodies, Hospitals are the target audience in the infertility services market.