The infertility treatment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Infertility Treatment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The infertility treatment market size has grown strongly in recent years. It will grow from <b>$1.66 billion in 2023 to $1.81 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. </b> The growth in the historic period can be attributed to growing awareness and education, changing lifestyles and environmental factors, rising incidence of male infertility, government initiatives and support, shift in social perceptions.
The infertility treatment market size is expected to see strong growth in the next few years. It will grow to <b>$2.53 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. </b> The growth in the forecast period can be attributed to expanding access to fertility clinics, advances in reproductive medicine, innovations in gamete and embryo culture, advancements in male contraception, focus on oocyte quality improvement. Major trends in the forecast period include technological advancements in assisted reproductive technologies (art), increasing prevalence of infertility, expanding age of parenthood, fertility preservation services, nutritional and lifestyle interventions.
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Scope Of Infertility Treatment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Infertility Treatment Market Overview
Market Drivers –
The decline in the global fertility rate is a major driver propelling the growth of the infertility treatment market. The fertility rate at a given age is defined as the number of children born alive to women of that age during the year expressed as a percentage of the average annual population of women of that age. The fertility rate worldwide is declining steadily owing to various factors, such as the growing trend of late marriages and increasing age-related infertility. This declining fertility rate has led to a significant increase in the demand for infertility treatment products that determine the fertility window in males and females. For instance, in June 2022, according to the World Economic Forum, a Switzerland-based international non-governmental and lobbying organization, for the last 70 years, fertility rates have decreased worldwide, with a total 50% decline in 2022. Therefore, the decline in the global fertility rate is driving the demand for the infertility treatment market.
Market Trends –
Technology innovation is a key trend gaining popularity in the infertility treatment market. Major companies operating in the infertility treatment market are focused on developing new technological solutions to strengthen their position. For instance, in August 2021, Merck Specialties Pvt. Ltd., an India-based pharmaceutical and chemical products company, launched Pergoveris Pen in India for assisted reproductive technology use. The product is a ready-to-use device that contains both recombinant luteinizing hormone and recombinant follicle-stimulating hormone, and it must be used as directed by an expert in in vitro fertilisation. A globally approved product filled by technology that provides a safer self-administration fertility solution to infertile couples.
The infertility treatment market covered in this report is segmented –
1) By Product: Equipment, Media and Consumables, Accessories
2) By Procedure: Assisted Reproductive Technology, Artificial Insemination, Fertility Surgeries, Other Infertility Treatment Procedures
3) By Drugs: Clomiphene Citrate, Letrozole, Serophene, Hormone Treatment, Other Drugs
4) By Patient Type: Female Infertility Treatment, Male Infertility Treatment
5) By End User: Hospitals and Surgical Clinics, Cryobanks, Research Institutes
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Regional Insights –
North America was the largest region in the infertility treatment market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the infertility treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the infertility treatment market report are The Cooper Companies Inc., Cook Group Incorporated, Vitrolife AB, Thermo Fisher Scientific Inc., Esco Micro Pte. Ltd., Genea Limited, IVFtech ApS, FUJIFILM Irvine Scientific Inc., The Baker Company Inc., Kitazato Corporation, Rocket Medical plc, IHMedical A/S, Hamilton Thorne Ltd., Carl Zeiss AG, MedGyn Products Inc., DxNow Inc., Nidacon International AB, Gynotec B.V., SAR Healthline Pvt. Ltd., InVitroCare Inc., Boston IVF, Shady Grove Fertility LLC, CCRM Fertility Co. LLC, IVI-RMA Global, Fertility Centers of Illinois, New Hope Fertility Center, Pacific Fertility Center, Houston Fertility Institute, Sher Fertility Institute, Columbia Asia Fertility Centre, Bourn Hall Fertility Clinic, Manipal Fertility, Morpheus IVF, Nova IVF Fertility, Indira IVF, Bloom Fertility Centre, Cloudnine Fertility, Oasis Fertility, Apollo Fertility, Milann Fertility Center, Fakih IVF, Procrea Fertility, The Montreal Fertility Center, The Center for Reproductive Medicine, The Reproductive Medicine Group, The Fertility Institute
Table of Contents
1. Executive Summary
2. Infertility Treatment Market Report Structure
3. Infertility Treatment Market Trends And Strategies
4. Infertility Treatment Market – Macro Economic Scenario
5. Global Infertility Treatment Market Size and Growth
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31. Global Infertility Treatment Market Competitive Benchmarking
32. Global Infertility Treatment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Infertility Treatment Market
34. Infertility Treatment Market Future Outlook and Potential Analysis
35. Appendix
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