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    Infertility Services Market Forecasts | 2023-2028

    Infertility Services Market Forecasts | 2023-2028
    Report code - SRHL246 Delivery - 2 Weeks
    Infertility Services Market Size, Share, Trend, Forecast, Growth & Industry Analysis | See more...

    Market Insights

    The Global Infertility Services Market is estimated to grow at a healthy CAGR of 8.5% during the forecast period of 2023-2028.

    Infertility Services Market Snapshot

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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 for infertile couples and the Lesbian, Gay, Bisexual, and Transgender (LGBT) community in planning a family.

    Global Infertility Services Market - Snapshot

    Growth

    CAGR of 8.5% for the next five years

    Dominant Patient Type

    Female Segment

    Dominant Procedure Type

    Assisted Reproductive Technology

    The region with the highest demand

    North America

    Key Players

    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).

     

    COVID-19 Impact

    The outbreak of the COVID-19 virus had a devastating impact on the infertility services industry. The market growth was affected when governments across geographies imposed lockdowns which resulted in travel restrictions.

    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.

    Key Players

    Key players operating in the global infertility services market are-

    Market Dynamics

    The declining fertility rate is one of the key drivers of the global infertility services market growth.

    • Also, the growing number of fertility clinics across the globe, rising public-private investments, funds, and grants; and technological advancements are other factors that augment the infertility services industry.
    • Moreover, the rise in the prevalence of delayed pregnancies and growth in infertility rates further boost the market expansion. However, the expensive procedural cost of ART procedures is likely to hinder the industry's growth.

    Segment Analysis

    By Patient Type

    The global infertility services market has been bifurcated into females and males.

    Under these, the female segment held the highest market share in 2022 and is projected to grow at a healthy CAGR during the assessment period. Infertility is one of the most common medical conditions diagnosed among women.

    The availability of a broad variety of treatment options, rising awareness about infertility treatments, growing female infertility rates, and the increasing number of fertility centers facilitate the growth of this segment.

    By Procedure Type

    The global infertility services market has been segmented into Assisted Reproductive Technology (IVF, ICSI, Surrogacy), Artificial Insemination, and Fertility Surgery (Laparoscopy, Hysteroscopy, Tubal Ligation Reversal, Others). and Others)

    Assisted reproductive technology (ART) is the largest segment of the global infertility services market, and it is expected to continue to grow during the forecast period. This is due to the growing awareness of ART, the rising success rates of ART procedures, and the increasing global acceptance of ART.

    By Region

    The North American market held the largest market share in 2022 and is likely to register a steady CAGR in the coming years.

    Infertility Services Market Region

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    This is mainly attributed to the increasing adoption rate for IVF treatment, well-established healthcare facilities, late pregnancies, and decreasing fertility rates.

    According to the National Center for Health Statistics, the birth rate in the US in 2015 was around 12.5 per 1,000, whereas the fertility rate was 62.5 births per 1,000 women. Thus, poor infertility rates drive the regional infertility services growth.

    Segmentation

    This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The global infertility services market is segmented into the following categories.

    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

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the infertility services market.

    How lucrative is the future?

    The market forecast and trend data and emerging trends.

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts.

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast.

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis.

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, and Life cycle analysis.

    What are the factors affecting the market?

    Drivers & challenges.

    Will I get the information on my specific requirements?

    10% free customization.

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The infertility services market is expected to grow at a CAGR of 8.5% during the forecast period.

    Some of the major players in the infertility services market are- Cook Group Incorporated (The US), Esco Micro Pte. Ltd. (Singapore), Genea Limited (Australia), Hamilton Throne Ltd. (The US), Ihmedical A/S (Denmark), Irvine Scientific (The US), IVFTech Aps (Denmark), Kitazato Corporation (Japan), Medgyn Products, Inc. (The US), and Rocket Medical PLC (UK).

    The North American market held the largest market share in 2022 and is likely to register a steady CAGR in the coming years.

    The declining fertility rate is one of the key drivers of the global infertility services market growth. 1. Also, the growing number of fertility clinics across the globe, rising public-private investments, funds, and grants; and technological advancements are other factors that augment the infertility services industry. 2. Moreover, the rise in the prevalence of delayed pregnancies and growth in infertility rates further boost the market expansion. However, the expensive procedural cost of ART procedures is likely to hinder the industry's growth.

    Infertility services companies, Fertility centers, InVitro fertilization (IVF) distributors, Organizations, Government bodies, Hospitals are the target audience in the infertility services market.