23-Jun-2022 | Zion Market Research
The global fertility services market was worth around $26,362 million in 2021 and is predicted to grow to around $36,256 million by 2028 at a CAGR rate of 7% over the forecast period. Fertility services are services that are offered to help with infertility treatment. These services include in vitro fertilization (IVF), surrogacy, artificial insemination, and other treatments that assist couples, single moms, and the LGBT community in overcoming infertility concerns. Men and women of childbearing age can both experience infertility. Furthermore, reduced sperm count or reduced sperm motility, which may be attributed to hormonal imbalance, are the most common causes of male infertility. As a result, the hypothalamus and pituitary gland must both work properly for men and women to be fertile. Increasing usage of alcohol & drugs, increased stress levels, obesity, frequent smoking, and environmental variables have all contributed to an increase in the likelihood of infertility.
The global fertility services market’s progress is likely to be driven by technological improvements in assisted reproductive technologies, increased knowledge about infertility treatment, and an increase in the number of fertility clinics throughout the forecast period. Additionally, as the number of reproductive clinics grows, so does public knowledge of fertility treatments such as sperm/egg donation and in-vitro fertilization elevates, resulting in increased acceptance of fertility treatments and hence market expansion. Furthermore, the rise in infertility rates is attributable to a variety of disorders, including sexually transmitted diseases (STDs) and fertility-related diseases, as well as lifestyle changes. As a result, the market for fertility treatments is expected to develop in the near future as infertility rates rise. However, the expensive costs of the procedures, as well as rigorous surrogacy legislation in certain countries, are limiting the market's growth.
The advancement of the global fertility services market was hampered during the COVID-19 pandemic. This is mainly attributed to the extreme burden on clinics, hospitals, and specialty healthcare centers to address the Covid patients, restrictions on public movements, and reduced clinic visits.
The global fertility services market in this research analysis is divided into infertility, procedure, services, end-user, and region. Infertility is classified as male infertility and female infertility. Procedures are segmented into assistive reproductive technology, In-Vitro fertilization, artificial insemination, surrogacy, and others. The services are donors and non-donors. End-users are hospitals, fertility clinics, clinical research institutes, and surgical centers.
Europe is currently the biggest region in the global fertility services market in terms of value. This is primarily attributed to the increasing number of obesities in European countries. Because of the breakthroughs made in the fertility services in the region, over 5.5 million individuals in Europe get fertility treatments in Denmark. Furthermore, Mexico has no legislative restrictions on IVF or egg donation, making it a popular location for infertility treatment. Iran also has the most up-to-date IVF technology for fertility treatments. As a result, despite market challenges, the fertility services business is predicted to develop steadily. On the other side, with the rising acceptance of IVF procedures in the area, the United States accounts for a significant chunk of the global market value.
The key players in the global fertility services market are Merck KGaA, Cook Medical, Irvine Scientific Company, Copper Surgical, Kitazato Cooperation, Vitrolife, Ferring B.V., Monash IVF Group, Care Fertility, Apollo Hospitals Enterprise Ltd, Carolinas Fertility Institute, Genea Limited, Medicover Group, Monash IVF Group Limited, Progyny Inc., and Virtus Health.
Browse the full “Fertility Services Market By Infertility (Male Infertility, Female Infertility), By Procedure (Assisted Reproductive Technology, In-Vitro Fertilization, Artificial Insemination, Surrogacy, Others), By Services (Donor, Non-Donor), By End-User (Hospitals, Fertility Clinics, Clinical Research Institutes, Surgical Centers), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/fertility-services-market
Global Fertility Services Market is segmented as follows:
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