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    Infertility Services Market Report

    Infertility Services Market Report
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    Global Infertility Services Market, Dynamics, Market Analysis
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    Impact of COVID-19 on Infertility Services Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Infertility Services Market

    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.

    Market Insights

    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)

    Infertility-Services-Market-Forecast

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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

    Key players operating in the global infertility services market are-

    • 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).

    Market Dynamics

    The declining fertility rate is one of the key drivers of the 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 growth.

    Segment Analysis

    Patient Type Trends

    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 2020 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.
    • 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.

    Regional Trends

    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.

    • 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, drives the regional infertility services growth.

    COVID-19 Impact on Global Infertility Services Market

    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.

    Critical Questions Answered in the Report

    • What are the key trends in the global infertility services 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 global infertility services market?
    • What are the key strategies adopted by the major vendors to lead in the global infertility services market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the Infertility Services market hopes to have the greatest opportunity to convert-

    • Infertility services companies
    • Fertility centers
    • InVitro fertilization (IVF) distributors
    • Organizations
    • Government bodies
    • Hospitals

     

    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 at [email protected].

    Frequently Asked Questions (FAQs)

    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.

    •