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Fertility services market Expected to Reach $90,794.1 Million by 2031 | CAGR of 16.1%

 
2022
Fertility services market Expected to Reach $90,794.1 Million by 2031 | CAGR of 16.1%

Report Code : A04206

quote growth of the global fertility services market is attributed to increase in prevalence of infertility, emerging trend of delayed pregnancies among women, technological advancements in ART procedures, surge in male infertility, and increased incidences of gamete donations. Moreover, rise in number of people suffering from infertility problems including reduced sperm count or problems in egg/sperm production act as high impact rendering factors for growth of the fertility services market quote

Kishor Sherkar
Lead Analyst, Healthcare at Allied Market Research

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According to a new report published by Allied Market Research, titled, Fertility services Market by Procedure, Service and End User: Opportunity Analysis and Industry Forecast, 2022–2031", the fertility services market size was valued at $21,138.2 Million in 2021 and is projected to reach $90,794.1 Million by 2031, registering a CAGR of 16.1% from 2022 to 2031.

Infertility is defined as not being able to get pregnant despite having frequent, unprotected sex for at least a year for most couples. The main symptom of infertility is not getting pregnant. There may be no other obvious symptoms. Sometimes, women with infertility may have irregular or absent menstrual periods. In some cases, men with infertility may have some signs of hormonal problems, such as changes in hair growth or sexual function.

There are different causes of infertility in male and female population. In males, causes of infertility include abnormal sperm production or function, problems with the delivery of sperm, overexposure to certain environmental factors, such as pesticides & other chemicals and radiation, and damage related to cancer & its treatment. In female population, there are several types of causes which include ovulation disorders, uterine or cervical abnormalities, fallopian tube damage or blockage, endometriosis, primary ovarian insufficiency (early menopause), pelvic adhesions, and cancer & its treatment.

Fertility services involve different procedures utilized 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. Surge in prevalence of delayed pregnancies and growth in infertility rates drive the growth of the fertility services industry. Factors that drive the growth of the fertility services market include rise in the prevalence of disorders such as polycystic ovarian syndrome (PCOS) and increase in the prevalence of infertility in male population.

Moreover, rise in the number of product launches and product approvals for different fertility services are anticipated to boost the growth of the fertility services market. For instance, in January 2019, City Fertility, announced the launch of women’s egg freezing service called Chill in Australia.

This Chill service preserves women fertility and egg quality through freezing eggs. Increase in the prevalence of polycystic ovarian syndrome (PCOS) causes rise in the prevalence of infertility which increases the demand for fertility services and drives the market growth during the forecast period. For instance, according to Cureus Journal, published in August 2022, the global prevalence of PCOS is estimated between 4% and 20% in female population. Moreover, according to the World Health Organization (WHO) estimation revealed over 116 million women (3.4%) are affected by PCOS worldwide.

In addition, according to the Lancet Article, in 2020, it was reported that, estimated number of women suffering from PCOS is 24 million in China. Based on procedure, the market is classified into IVF with ICSI, IUI, IVF without ICSI, surrogacy, and others. The IVF with ICSI segment dominated the market in 2021 and is expected to continue this trend during the forecast period, owing to increase in number of product launches for IVF with ICSI technology, high success rate and rise in adoption of IVF with ICSI by professionals who treat infertility disease.  As per services, it is classified into fresh non-donor, frozen non-donor, egg & embryo banking, fresh donor, and frozen donor.

The fresh non-donor segment dominated the market in 2021 and is expected to continue this trend during the forecast period, owing to rise in the prevalence of infertility, increasing prevalence of infertility among male population due to unhealthy lifestyle, and technological advancement in the development of different fertility services.

According to end user, the fertility services market is classified into fertility clinics, hospitals, surgical centers, and clinical research institutes. The fertility clinics segment dominated the market in 2021 and is expected to continue this trend during the forecast period, owing to rise in number of professionals who can treat infertility, increase in number of licensed fertility clinics, and rising disposable income among developing countries such as India, China, and others.

Asia-Pacific is anticipated to witness lucrative growth, owing to rise in expenditure by government organizations to develop healthcare sector, increase in prevalence of polycystic ovarian syndrome (PCOS), and rise in number of key players who manufacture different fertility services products.

Key Findings Of Study

  • By procedure, the IVF with ICSI segment was the highest contributor to the fertility services market in 2021.
  • By service, the fresh non-donor segment was the highest contributor to the fertility services market in 2021.
  • By end user, the fertility clinics segment dominated the market in 2021, and is expected to continue this trend during the forecast period.

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quote Fertility Services Market by Procedure (IVF with ICSI, IUI, IVF without ICSI, Surrogacy, and Others), Service (Fresh Non-Donor, Frozen Non-Donor, Egg & Embryo Banking, Fresh Donor, and Frozen Donor), and End User (Fertility Clinics, Hospitals, Surgical Centers, and Clinical Research Institutes): Global Opportunity Analysis and Industry Forecast, 2022––2031 quote

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