The global infertility treatment market size is expected to reach USD 3.0 billion by 2030 according to a new study by Polaris Market Research. The report “Infertility Treatment Market Share, Size, Trends, Industry Analysis Report, By End-Use (Fertility Centers, Hospitals & Surgical Clinics, Cryobanks, Research Institutes); By Product; By Procedure; By Patient; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing number of fertility clinics, technological advancements, and declining fertility rate in both male and female populations are the prime factors for the global industry growth. In addition, genetic abnormalities, inactive lifestyle, early marriages, stress, prostate cancer, high consumption of alcohol, and many others are leading the infertility problems, which, in turn, accelerates the global demand. Furthermore, rising investment for the development of healthcare infrastructure, increasing medical tourism, and growing adoption of fertility treatment options by same-sex couples and single parents are further surging the global demand.
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Based on the product, the equipment segment is dominating the global industry with the highest revenue share, owing to the emergence of the novel technologies, increasing investment for the R&D activities, as well as rising inclination for strengthening product portfolio by the leading manufacturers, are augmenting the segment demand around the world. Whereas the sperm separation segment is showing the highest CAGR rate that leads the global demand. This device is highly adopted for ARTs (Assisted Reproductive Technology) such as artificial insemination and IVF. The growing male population and technological developments are the prime factors that foster the segment demand in the approaching years.
The growing population, majorly in India and China, and the growing focus on developing the healthcare infrastructural are the chief factors contributing to the industry growth. The emerging markets in APAC and RoW are offering various lucrative opportunities for growth. Accordingly, these productive opportunities are gaining huge traction among the leading players for undertaking strategic developments, geographical expansions, and acquisitions with domestic or international vendors to boost the consumer base. Hence, these factors are surging the global demand in the near future.
Major participants such as Ivftech, Esco Micro Pte. Ltd., Fujifilm Irvine Scientific, Genea, Hamilton Thorne Ltd., Ihmedical A/S, Kitazato Corporation, Cook Group, Rocket Medical Plc, The Baker Company, Inc., Zeiss Group, Thermo Fisher Scientific, Vitrolife, and The Cooper Companies Inc. are some of the key players operating in the global market.
Polaris Market Research has segmented the infertility treatment market report on the basis of product, procedure, patient, end-use, and region:
Infertility Treatment, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Infertility Treatment, Procedure Outlook (Revenue - USD Billion, 2018 - 2030)
Infertility Treatment, Patient Outlook (Revenue - USD Billion, 2018 - 2030)
Infertility Treatment, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Infertility Treatment, Regional Outlook (Revenue - USD Billion, 2018 - 2030)