About Fertility Services
Fertility services involve different procedures which are used to treat genetic and fertility issues and assist with conception. These services include different assisted reproductive technology (ART) methods, helping couples or single parents around the world. These services also facilitate treatments, which aid in treating infertility in patients. In vitro fertilization (IVF), surrogacy, artificial insemination, and others are different forms of infertility services, which assists couples with infertility problems, single mothers, and the LGBT (Lesbian, Gay, Bisexual, and Transgender) community to procreate. Further, The rising numbers of women with awareness about fertility services and delayed pregnancies have increased the growth of fertility services market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.0% |
The fertility services market is fragmented due to the presence of several vendors. Furthermore, advances in fertility treatment have provided women with options to bear children in later years which has lead to the growth of the market. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Fertility Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Coopersurgical, Inc. (United States), Ferring B.V (Switzerland), Merck Sharp & Dohme Corporation (United States), Monash IVF (Australia), Vitrolife (Sweden), Abbott Laboratories (United States), Apollo Hospital Enterprise Limited (India) and Care Fertility Group Limited (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Carolinas Fertility Institute (United States), Genea Limited (New Zealand), The John Hopkins Health System Corporation (United States) and Medicover Group (Sweden).
Segmentation Overview
AMA Research has segmented the market of Global Fertility Services market by , Application (Fertility clinics, Hospitals, Surgical centers and Clinical Research Institutes) and Region.
On the basis of geography, the market of Fertility Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Treatment, the sub-segment i.e. Assistive reproductive technology (ART) [Artificial insemination, In-vitro fertilization (IVF), Frozen Embryo Replacement (FER)] will boost the Fertility Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Procedure, the sub-segment i.e. In Vitro Fertilization (IVF) With Intracytoplasmic Sperm Injection (ICSI) will boost the Fertility Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Fresh Non-Donor will boost the Fertility Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Number of Sperm Donors at Sperm Banks, Growing Awareness through Online Advertisement for Fertility Services and Rising Cases of Prostate Cancer
Market Growth Drivers:
The Upsurge in the Prevalence of Delayed Pregnancy, High Prevalence of Male Infertility, Rapid Rate of Urbanization and Changing Lifestyle and Rise in Health Awareness on Fertility Issue
Challenges:
Reimbursement Issues Related To Fresh IVF Cycles
Restraints:
Costs Associated With Fertility Services
Opportunities:
Technological Advancement in Fertility Services Such as Egg and Embryo Services and IVF
Market Leaders and their expansionary development strategies
In March 2024, Pinnacle Fertility, a leading network of high-performing family-building clinics, recently announced a strategic partnership with Labcorp, a global leader of innovative and comprehensive laboratory services.
In October 2023, Merck, a leading science and technology company, is launching a comprehensive Fertility Benefit program in October 2023 that will offer employees financial support for fertility treatments. The program will be launched in eight markets: Germany, the United Kingdom, Switzerland, China, India, Taiwan, Brazil, and Mexico. To date, Merck offers similar benefits to employees in the United States, Canada, and Japan. An expansion of the offering to Merck employees in further countries is planned to start next year.
Key Target Audience
Fertility Services Manufacturers, Government and Regulatory Bodies, Health Care Organizations, Potential Investors, Downstream Vendors and Industry Associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.