According to Data Bridge Market Research new Market report, global fertility services market will account to an estimated USD 20,398.07 million in 2018 growing at a CAGR of 9.25% during the forecast period of 2019 to 2026.
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Fertility services are for those who want to conceive but due to some medical reasons are not able to. These services are very useful for single parents, LGBT community and infertile couples. Many genetic issues and infertility problems can be solved using the fertility services. They usually consist of endocrinologists, embryologists, sonographers, and nurses who perform tests and treatment using advanced technology.
Global fertility services market is segmented on the basis of cause of infertility, procedure, services, end- user and geography.
By Cause of Infertility (Male infertility, Female infertility), Procedure (Assisted Reproductive Technology (ART), In-Vitro Fertilization, Artificial Insemination, Surrogacy, Others), Services (Donor, Non-donor), End-User (Fertility Clinics, Hospitals, Clinical Research Institutes, Surgical centers), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN FERTILITY SERVICES MARKET
Increasing Infertility rates
According to a data, according to specialists in Spain in 2015 13 percent of specialists considered endometriosis as one of the main causes of infertility in Spain and 28% considered decreased egg supply is the major factor. Dysfunction during ovulation, stress, uterine are some of the another reasons for the infertility.
Few of the major market competitors currently working in the fertility services market are Olympus Corporation, Cook, The Cooper Companies Inc., Instituto Bernabeu, Virtus Health, CooperSurgical, Inc., Vitrolife, CARE Fertility, INVO Bioscience, Monash IVF, Fertility Focus, Carolinas Fertility Institute, Apollo Hospitals Enterprise Ltd., Merck KGaA, LABOTECT GMBH, Genea Limited, Medicover, The Johns Hopkins Hospital, Progyny, Inc., CryoChoice, LLC., Millendo Therapeutics, Inc., FUJIFILM Irvine Scientific, LifeGlobal / CooperSurgical and IVFtech ApS.
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