For 7.9% CAGR Rise, Global Infertility Treatment Market Share Grow to USD 3.0 Billion by 2030
According to the research report, the global infertility treatment market size & share was valued at USD 1.53 billion in 2021 and is expected to reach USD 3.0 Billion by 2030, growing at a CAGR of 7.9% during the forecast period.
Infertility happens when one partner cannot provide conception or when a woman cannot convey a pregnancy to a full term. Infertility treatment is based on several factors, including the person’s age who desires to conceive, the duration of infertility, personal preferences, and their normal state of health. The couple may be counseled to have sexual intercourse more frequently around the ovulation time. Sperm can get through inside the female for five days, while an egg can be fertilized for up to one day after ovulation.
Infertility treatment for males includes erectile dysfunction. For this issue, behavioral approaches, medication, or both may help improve fertility. Another treatment is varicocele. In this issue, a varicose vein can be surgically removed from the scrotum. Infertility treatment for females includes clomifene, which encourages ovulation in those who ovulate either unevenly or not due to PCOS or another disorder. It makes pituitary glands deliver more follicle-stimulating hormones and luteinizing hormones.
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- Role of public and private players in developing economies to drive infertility treatment market
The federal government’s growth in funding is set to drive the market growth rate. Additionally, the expansion and development of the health care industry are being propelled by public and private players, particularly in advancing economies that will generate lucrative market growth. Also, a higher return on investments guaranteed by research activities will also benefit the market.
Further, rise in the prevalence of genetic abnormalities, lifestyle diseases, prostate cancer, obesity, varicocele, and others, growth in personal disposable income level, a growing number of infertility clinics globally, and a growing investment in the advancement of progressive medical products, and devices and upcoming markets like India, China, Mexico, and Brazil affirmatively impact the market growth rate.
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The Asia Pacific to emerge as a presiding region and witness the speediest growth
The Asia Pacific region is anticipated to observe the speediest growth in the upcoming years because of the development of the infertility rate in this region and the obtainability of several remunerative plans in the advanced areas, which will also drive the regional expansion. The growing number of couples selecting ARTs together with advanced technologies provides favorable growth for fertility clinics, hospitals, and device manufacturers to inflate the presence of the market.
By product analysis
- Equipment segment as a cost-effective solution for the infertility treatment
Amongst the patients, treatment by drugs is the first choice as it is readily available or the first choice. Also, the development of a wide range of cultural media has made infertility testing speedier than it ever was. It can be reasoned that media and consumables account for the largest share of the infertility market.
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Some of the major players operating in the global market include Cook Group, Esco Micro Pte. Ltd., Fujifilm Irvine Scientific, Genea, Hamilton Thorne Ltd., Ihmedical A/S, Ivftech, Kitazato Corporation, Rocket Medical Plc, The Baker Company, Inc., The Cooper Companies Inc., Thermo Fisher Scientific, Vitrolife, and Zeiss Group.
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- Genea Biomedx Limited of Australia commenced materializing its fertility products in countries like Canada and the US in alliance with Hamilton Thorne Ltd. in 2020.
- Cooper Surgical entered into a collaboration with Virtus Health in 2021 to bolster its fertility technology and hype advanced treatment for infertile couples.
Infertility treatment market: By product
- Imaging Systems
- Sperm Analyzer Systems
- Ovum Aspiration Pumps
- Micromanipulator Systems
- Gas Analyzers
- Laser Systems
- Sperm Separation Devices
- Media & Consumables
Infertility treatment market: By procedure
- Assisted Reproductive Technology
- Artificial Insemination
- Fertility Surgeries
- Other Infertility Treatment Procedures
Infertility treatment market: By patient
- Female Infertility Treatment
- Male Infertility Treatment
Infertility treatment market: By end-use
- Fertility Centers
- Hospitals & Surgical Clinics
- Research Institutes