Fertility Treatments Market Scope
Infertility can be defined as the inability of an individual to breed by natural means. The causes of infertility are very diverse. It can be due to advancement of maternal age, disorders in the occurrence of biological process, tubal occlusion or blockage, genetics, sexually transmitted infections, immune infertility, endometrial polyps, uterine fibroids, infertility due to male factors, endometriosis, and others. Fertility rate has halved since 1960. Treatment choices for infertility include education or spreading awareness, medications to assist the development of egg during the ovulation period, insemination, in vitro fertilization (IVF), and third party reproduction surgery.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Cook Group Incorporated (United States), Esco Micro Pte. Ltd. (Singapore), Genea Limited (Australia), Hamilton Throne, Ltd. (United States), Ihmedical (United States), Irvine Scientific (United States), IVFTech Aps (Denmark), Kitazato Corporation (Japan), Medgyn Products, Inc. (United States), Rocket Medical PLC (United Kingdom) and Somatex Medical Technologies GmbH (Germany) |
CAGR | 8.1% |
There are various companies that are exploring the market opportunities by investing in the new treatment and also expanding their footprints in new geographic regions by adopting various strategic initiatives such as mergers & acquisitions, expansions, investments, new product launches, and others. Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Fertility Treatments market throughout the predicted period.
Cook Group Incorporated (United States), Esco Micro Pte. Ltd. (Singapore), Genea Limited (Australia), Hamilton Throne, Ltd. (United States), Ihmedical (United States), Irvine Scientific (United States), IVFTech Aps (Denmark), Kitazato Corporation (Japan), Medgyn Products, Inc. (United States), Rocket Medical PLC (United Kingdom) and Somatex Medical Technologies GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are The Baker Company, Inc. (United States), The Cooper Companies, Inc. (United States), Thermo Fisher Scientific (United States), Vitrolife Ab (Sweden) and Zeiss Group (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Fertility Treatments market by Type and Region with country level break-up.
On the basis of geography, the market of Fertility Treatments has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In August 2023, Maven Clinic, the world's largest virtual clinic for women's and family health, announced it has partnered with Amazon to expand Amazon's family-building support program across the world to 50 countries outside the US and Canada, and is available to full-time, part-time and hourly employees. Working together, Maven and Amazon will give Amazon employees and their partners free access, via Maven, to board-certified reproductive endocrinologists (fertility doctors), obstetricians, gynecologists, nutritionists, mental health providers, adoption coaches, and other care providers.
In May 2203, Merck, a leading science and technology company, today launched a new initiative, Fertility Counts, which seeks to address the social, economic and societal challenges associated with low birth rates in the Asia-Pacific (APAC) region. The initiative is designed to provide research and resources to support policymakers in identifying policy interventions that will be effective in building family-friendly societies.
Influencing Trend:
Surging Development and Commercialization of Hormonal Therapy
Market Growth Drivers:
Declining Fertility Rate, Increasing Awareness Among People, Increasing Disposable Income, Rising Adoption of Assisted Reproductive Technologies (ART) and Growing Sedentary Lifestyle across the Globe
Challenges:
Impact of Repeated Failures in Treatments
Restraints:
High Cost of Procedures and Social Taboos
Opportunities:
Governments Initiatives to Improve the Reimbursement Scenario for Infertility-related Treatments and Increasing Healthcare Expenditure in Developing Countries
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Male Infertility Treatment Provider, Government Regulatory and Research Organizations and End-Use Industries