Market overview
Fertility services are defined
as services that can help both men and women to overcome medical
problems, which prevent them from having children. A new report on the
global Fertilizer Service Company published by Market Research Future (MRFR), observes that this market could find growth at 6.50% CAGR between 2020 and 2027.
The
prominent market enhancing factors for the global fertility services
market include growing urbanization, rising numbers of women joining the
workforce, the inclination of women for advanced studies, delayed
family planning, and reimbursement schemes. Another crucial factor
contributing to the market growth include advances in fertility
treatment that gives women options to bear children in later years. Such
technologies are gaining popularity due to use and endorsement by
female celebrities. However, high costs for fertility treatments can
affect market growth negatively.
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Market Segmentation
Types
of treatments include Assisted Reproductive Technology (ART) and
infertility medications. The antiretroviral treatment segment is also
segmented into artificial insemination, in vitro fertilization (IVF),
frozen embryo replacement (FER), and others. The ART segment should be
the preferred treatment for infertility due to the high success rate. In
addition, the introduction of in vitro fertilization treatments, the
availability of reimbursement systems that cover these options, and the
patients’ disposable income may stimulate segment demand over the
forecast period.
Regional Analysis
Europe
leads the market with the most significant share of 34.6%. Growing at a
promising CAGR of 8.50%, the European markets growth can be attributed
to the low fertility rate in the region as well as a trend of delayed
family planning. Due to this, the regions reimbursement policies are
promoting demand for fertility services.
The Americas have been
established as the second largest regional market. The regions
well-developed healthcare system and adoption of advanced technologies
have boosted fertility services in the region. Moreover, the high
obesity rates in the U.S has led to a dip in fertility rates, and as a
result, women are turning to fertility services, thus encouraging market
growth.
The APAC region is slated to grow at the fastest pace
during the forecast period. Rapid urbanization in the region has
resulted in changing lifestyles and the emergence of increased fertility
problems. Increasingly favorable reimbursement policies and the
adoption of sophisticated technology is expected to improve market
growth, particularly in countries like Japan and India.
Key Players
Notable
players profiled in the fertility services market report include
Vitrolife (US), Ferring Pharmaceuticals Inc. (US), CARE Fertility Group
Limited (UK), CooperSurgical Inc (US), Irvine Scientific (US), Cook
Medical (US), and Merck KGaA (Germany). Key players have incorporated
several strategies to suffice the needs of the customers and stay ahead
in the competition. These strategies include partnerships,
collaborations, joint ventures, recent developments, mergers and
acquisitions, and innovations.
LIST OF FIGURES
FIGURE 1 GLOBAL FERTILITY SERVICES MARKET STRUCTURE 15
FIGURE 2 BOTTOM-UP AND TOP-DOWN APPROACHES 21
FIGURE 3 MARKET DYNAMICS: ANALYSIS OF THE GLOBAL FERTILITY SERVICES MARKET 24
FIGURE 4 PORTER’S FIVE FORCES ANALYSIS: GLOBAL FERTILITY SERVICES MARKET 29
FIGURE 5 VALUE CHAIN ANALYSIS OF THE GLOBAL FERTILITY SERVICES MARKET 31
FIGURE 6 GLOBAL FERTILITY SERVICES MARKET, BY UNDERLYING CAUSE, 2020 & 2027 (USD MILLION) 34
FIGURE 7 GLOBAL FERTILITY SERVICES MARKET, BY TREATMENT TYPE, 2020 & 2027 (USD MILLION) 37
FIGURE 8 GLOBAL FERTILITY SERVICES MARKET FOR ART, BY TREATMENT TYPE, 2020 & 2027 (USD MILLION) 38
FIGURE 9 GLOBAL FERTILITY SERVICES MARKET, BY REGION, 2020 & 2027 (USD MILLION) 42
FIGURE 10 EUROPE: FERTILITY SERVICES MARKET SHARE, BY REGION 2020 (%) 43
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