Global Fertility Test Market Overview:
Fertility tests are conducted on people of reproductive age who have problems conceiving. It is an essential part of fertility evaluation and treatment. Fertility testing involves both partners. According to the American Society of Reproductive Medicine, one-third of infertility cases are due to female factor infertility, one-third are due to male factor infertility, and the remaining third are due to problems on both sides or unexplained infertility. Changing lifestyle and rising obesity rates is causing a rise in infertility rates, thus propelling the market for fertility tests.
As per latest study released by AMA Research, the Global Fertility Test market is expected to see growth rate of 8.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Growth Drivers:
Increasing Age of First Time Pregnancies Leading To Increased Risk of Infertility and Increased Prevalence of Infertility Causes Such As Ovulatory Disorders and Tubal Damage
Challenges:
Complex Processes Involved
Restraints:
High Cost of Tests and Equipment
Opportunities:
Increasing Obesity Worldwide Causing Declining Fertility Rates, Cultural Shifts Leading to Increased Acceptance Likely To Raise Demand and Growing Awareness and Ease of Availability Will Boost the Market
Competitive Landscape:
The Market is completely competitive and local and foreign business and concentrating introducing new products to the competitiveness.
Some of the key players profiled in the report are Ava Science Inc. (Switzerland), Babystart Ltd. (United Kingdom), Biozhena Corporation (United States), Church & Dwight (United States), Fairhaven Health (United States), Fertility Focus (United Kingdom), Geratherm Medical AG (Germany), Hilin Life Products (United States), Gregory Pharmaceutical (United Kingdom) and Sensiia (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Swiss Precision Diagnostics (SPD) (United Kingdom), Taidoc (Taiwan), Advacare Pharma (China), UEBE Medical GmbH (Germany) and Valley Electronics (Switzerland). Analyst at AMA Research see United States Players to retain maximum share of Global Fertility Test market by 2030. Considering Market by Mode of Purchase, the sub-segment i.e. Non-Prescription/OTC-Based will boost the Fertility Test market.
Latest Market Insights:
In May 2021, Ro, announced the acquisition of Modern Fertility, one of the fastest growing companies in women’s health.This acquisition, one of the largest deals in women’s health tech yet, will accelerate Ro’s position as a leader in women’s health and bring Modern Fertility’s fertility tests and reproductive health tools to our vertically integrated primary care platform.
In January 2022, Kindbody, a leading fertility and family-building care company, today announced the launch of Kind at Home, its consumer products division to support people across their entire reproductive journey, beginning with simple-to-use at-home fertility hormone tests for both women and men. The Kind at Home fertility test kit provides consumers comprehensive information about their fertility status from the convenience of home with personalized recommendations by Kindbody physicians that can be carried to the patient's virtual or in-person clinic appointment.
The most visible and important Artificial Reproductive and Technology (ART) specific regulation that has been developed in the United States is the Fertility Clinic Success Rate and Certification Act of 1992 (FCSRCA). This law requires that “each ART program shall annually report to the Secretary through the Centers for Disease Control and Prevention (CDC) pregnancy success rates achieved by such program through each assisted reproductive technology and the identity of each embryo laboratory used by such program, and whether the laboratory is certified or has applied for such certification.”
What Can be Explored with the Fertility Test Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fertility Test Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fertility Test
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fertility Test market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fertility Test market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Fertility Test Equipment Manufacturers, Medical Device Manufacturers, Healthcare Providers, Fertility Test Equipment Distributor & Supplier, Downstream Vendors, Research Institutes and Academic Centers, Contract Research Organizations (CROS), Regulatory & Government Bodies, Fertility Test End-Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.