Fertility services are defined as services that can help both men and women to overcome medical problems, which prevent them from having children. A new report on the global fertility services market, published by Market Research Future (MRFR), observes that this market could find growth at 8.50% CAGR between 2018 and 2023.
The prominent market enhancing factors for the global fertility services market include growing urbanization, rising numbers of women joining the workforce, the inclination of women for advanced studies, delayed family planning, and reimbursement schemes. Another crucial factor contributing to the market growth include advances in fertility treatment that gives women options to bear children in later years. Such technologies are gaining popularity due to use and endorsement by female celebrities. However, high costs for fertility treatments can affect market growth negatively.
Fertility Services Market Segmentation
The global fertility services market segmentation encompasses the underlying cause and treatment type. MRFR’s take on the market explores various facets of the market in-depth.
Based on the underlying cause, this market has been segmented into male infertility and female infertility. The female infertility is expected to hold the larger market share of 54% during the forecast period. Factors attributed to the growth of this market segment include elapsed age of motherhood, endometrial tuberculosis, the prevalence of obesity, and other medical conditions.
By treatment types, the market has been segmented into assistive reproductive technology (ART) and infertility drugs. The ART segment is expected to hold the larger market share of 76% during the forecast period as it is the preferred treatment for infertility due to its high success ratio. The ART segment has been sub-segmented into artificial insemination, frozen embryo replacement (FER), in-vitro fertilization (IVF), and others. Increased demand for IVF is boosting the market growth.
Fertility Services Market Regional Segmentation
A geographical outlining of the global fertility services market covers Europe, The Americas (North America & Latin America), Asia Pacific, and the Middle East & Africa (MEA).
Expected to grow at 8.50% CAGR during the forecast period, Europe holds the largest market share of 34.6% due to the low fertility rate in this region. The trend of delayed family planning is also aiding market growth. The reimbursement policies in the majority of European countries are also promoting the demand for fertility services. Due to the availability of advanced medical facilities and economic development, Western Europe is the bigger market segment, compared to Eastern Europe. The paramount country-specific markets in this region include France, Germany, Italy, Spain, and the UK. An analysis of the remaining countries in Western Europe featured in this report estimates the huge contribution to market revenue from some other countries, along with and a sizable revenue contribution from Eastern Europe.
The Americas region is the second-largest regional market with North America occupying the major chunk of market revenue due to the same reasons as in Europe. North America generates higher market revenue due to the presence of key market players, high obesity rates in the USA, and subsequent dip in fertility rates. Hence, more women are now turning to fertility services, leading the market to grow. After the USA, Canada has the biggest chunk of market revenue. A decent market revenue share also comes from Latin America.
During the forecast period, the Asia Pacific region can grow at the fastest pace due to rapid urbanization in the region, subsequent changing lifestyles, and the emergence of increased fertility problems. Adoption of sophisticated technology and increasingly favorable reimbursement policies can improve the market growth in countries like India and Japan. Other significant country-specific markets in this region are Australia, China, and South Korea. An analysis of the remaining countries in the Asia Pacific region featured in this report anticipates the huge contribution to market revenue from some other countries.
The market growth in the MEA region is low due to lack of awareness, limited availability of skilled medical professionals, various social restrictions due to many religious as well as cultural factors, less investment in the healthcare sector, and dearth in advanced medical facilities.
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Fertility Services Market Key Players
Prominent players in the global fertility services market include CARE Fertility Group Limited (UK), Cook Medical (USA), CooperSurgical Inc (USA), Ferring Pharmaceuticals Inc. (USA), Irvine Scientific (USA), Merck KGaA (Germany), and Vitrolife (USA).
Fertility Services Market: Information By Underlying Cause (Male Infertility, Female Infertility), By Treatment Type (ART, Infertility Drugs) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027Market Synopsis:A radical shift in lifestyle has led to a decline in fertility rates.
It is anticipated to boost the demand for fertility services over the next couple of years.
The global fertility services market, according to Market Research Future (MRFR)’s assessment, is projected to expand at 8.5% CAGR during the review period 8.5% 2018 to 2023.
Increasing awareness about the availability of these services has catalyzed the expansion of the fertility services market in the years to come.The increasing healthcare expenditure across the world is another major factor anticipated to have a favorable influence on the expansion of the fertility services market over the review period.
The rising women working population has led to drastic changes in lifestyle which is forecasted encourage the growth pace of the fertility services market across the assessment period.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/6281 Market Segmentation:On the basis of Underlying cause, the global fertility services market has been segmented into male infertility and female infertility.
The assisted reproductive technology (ART) segment has been further sub-segmented into IVF, Frozen Embryo Replacement (FER), and Artificial Insemination.
Fertility Services MarketThis Fertility Services Market report provides complete analysis of the market on global and regional level.
This Fertility Services Market report also offers various methodologies for boosting the presentation of the organizations.The global fertility services market is expected to rise from its initial estimated value of USD 20,398.07 million in 2018 to an estimated value of USD 41,396.21 million by 2026 registering a CAGR of 9.25% in the forecast period of 2019-2026Grab Sample Report + All Related Tables & Charts of Fertility Services Market Study Now @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-fertility-services-marketMarket Definition: Global Fertility Services MarketFertility services are the services taken by people who are not capable of conceiving naturally.
Fertility services involve several techniques which are used for treating genetic issues and infertility problems to help out in conception.Key vendors operating in the market:Few of the major market competitors currently working in the fertility services market are Olympus Corporation, Cook, The Cooper Companies Inc., Instituto Bernabeu, Virtus Health, CooperSurgical, Inc., Vitrolife, CARE Fertility, INVO Bioscience, Monash IVF, Fertility Focus, Carolinas Fertility Institute, Apollo Hospitals Enterprise Ltd., Merck KGaA, LABOTECT GMBH, Genea Limited, Medicover, The Johns Hopkins Hospital, Progyny, Inc., CryoChoice, LLC., Millendo Therapeutics, Inc., FUJIFILM Irvine Scientific, LifeGlobal / CooperSurgical and IVFtech ApS.Focal points covered in this Statistical Survey reportThis Fertility Services Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
Also it creates a relationship of the market outlook with Porter Five Force AnalysisThis research report is inclusive concept of the market progression.
The market progression considers the components of the present situation and compares the current scenario of the market with future developmental chances.The Fertility Services Market research report includes investigation at global and regional levels.
These comprehensive and local level investigations are inclusive of the request as well as the supply powers which in turn willingly or unwillingly affects the market developmentVarious Topics such as product offering, finance related data, recent developments, analysis of Strengths, weakness, Opportunities and Threats in the upcoming scenario are highlighted in this research report.Competitive Analysis: Global Fertility Services MarketThe global fertility services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
