Overview and Scope
Fertility treatment is a medical treatment provided to a man or a woman to increase their chances of bearing an offspring. It is used to treat infertile patients. Hormone and ovulation-supporting medicines are frequently used in fertility treatments, sometimes in conjunction with minor surgical procedures.
Sizing and Forecast
The fertility treatments market size has grown strongly in recent years. It will grow from $16.54 billion in 2023 to $17.97 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to increasing infertility rates, advancements in reproductive medicine, healthcare coverage, awareness and stigma reduction.
The fertility treatments market size is expected to see strong growth in the next few years. It will grow to $25.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to delayed childbearing, expanding reproductive services, technological advancements, access to fertility services. Major trends in the forecast period include in vitro fertilization (ivf) advancements, single embryo transfer (set), telehealth and virtual consultations, fertility preservation for cancer patients.
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Segmentation & Regional Insights
The fertility treatments market covered in this report is segmented –
1) By Product: Reagents, Equipment
2) By Patient Type: Female, Male
3) By End-User: Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes
Top Major Players:
Apollo Hospitals Enterprise Ltd.
Care Fertility Group Limited
Genea Limited
Johns Hopkins Health System Corp.
Medicover AB
North America was the largest region in the fertility treatment market in 2023.
North America was the largest region in the fertility treatment market in 2023. Western Europe was the second largest region in the fertility treatment market. The regions covered in the fertility treatments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growth in the median age of first-time motherhood combined with change in lifestyle increased the difficulty of conceiving, increasing the demand for fertility treatment. The median age of first-time motherhood has increased all over the globe due to late marriages, contraceptive techniques, and an increase in the number of women who prioritize their careers over starting a family. In 2021 the average age of first-time mothers in America has risen from 25.6 in 2011 to 27.3 in 2021 . Women in other developed countries are also deferring, with the typical first birth occurring at the age of 31 for new mothers. In this scenario, a growing number of women are opting for IVF treatments, which is expected to drive the fertility treatments market.
Key Industry Players
Major companies operating in the fertility treatments market include Apollo Hospitals Enterprise Ltd., Care Fertility Group Limited, Genea Limited, Johns Hopkins Health System Corp., Medicover AB, Monash IVF Group, Progyny Inc., Vitrolife AB, Carolinas Fertility Institute PLLC, OvaScience Inc., Xytex Cryo International Ltd., Merck Group, Cook Group Incorporated, CooperSurgical Inc., Instituto Bernabeu, INVO Bioscience Inc., Cooper Companies Inc., Virtus Health Ltd., CryoChoice LLC, Millendo Therapeutics Inc., FUJIFILM Irvine Scientific Inc., LABOTECT GMBH, Fertility Focus Limited, Olympus Corporation, Irvine Scientific sales Company Inc., Ferring Pharmaceuticals Inc., Prelude Fertility Inc., Boston IVF, RMA Fertility Clinics, Shady Grove Fertility, CCRM Management Company LLC, IVIRMA Global, CARE Fertility
The fertility treatments market report table of contents includes:
1. Executive Summary
2. Fertility Treatments Market Characteristics
3. Fertility Treatments Market Trends And Strategies
4. Fertility Treatments Market – Macro Economic Scenario
5. Global Fertility Treatments Market Size and Growth
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