Global Fertility Services Market, By 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) – Industry Trends and Forecast to 2029.
Fertility Services Market Analysis and Size
Services related to fertility are ones that are offered to help in infertility treatment. These services use methods such in vitro fertilisation (IVF), artificial insemination, surrogacy, and others to aid couples, single mothers, and members of the LGBT community who are having trouble getting pregnant. Men and women of childbearing age can both experience infertility. Additionally, reduced sperm counts or decreased sperm motility, which may be caused by hormonal imbalance, are primary causes of male infertility. Therefore, the hypothalamus and pituitary gland must work properly for both men and women to be fertile.
Data Bridge Market Research analyses that the fertility services market which was USD 17.45 billion in 2021, would rocket up to USD 31.59 billion by 2029, and is expected to undergo a CAGR of 7.70% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Fertility Services Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
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)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Olympus Corporation (Japan), The Cooper Companies Inc. (U.S.), Instituto Bernabeu (Spain), Virtus Health (Australia), CooperSurgical, Inc. (U.S.), Vitrolife (Sweden), CARE Fertility (U.K.), INVO Bioscience (U.S.), Monash IVF (Australia), Fertility Focus Limited (U.S.), Carolinas Fertility Institute (U.S.), Apollo Hospitals Enterprise Ltd. (India), Merck KGaA (Germany), LABOTECT GMBH (Germany), Medicover (Sweden)
The services that those who are unable to conceive naturally use are known as fertility services. These fertility services aid infertile couples, single parents, LGBT people, and anyone who are having trouble getting pregnant. Treatment methods for genetic disorders and infertility concerns are included in fertility treatments in order to aid in conception.
Fertility Services Market Dynamics
- Rising technological advancements
Growing technological advancements in fertility treatment, rising success rates with ICSI-IVF in cases of poor sperm morphology, poor sperm motility, and low sperm count in men, rising accessibility and availability of healthcare facilities, and rising healthcare and research spending are the main factors among others driving the fertility market.
- Rising delayed pregnancies in women
Rising delayed pregnancies in women are the key factor escalating the market growth. Additionally, in the anticipated period of 2022–2029, rising technical developments, modernization, and research and development activities in the healthcare sector will further generate new chances for the market for fertility services.
- Increased awareness of infertility treatments
The expansion of the fertility services market is anticipated to be fuelled by developments in assisted reproductive technology, increased awareness of infertility treatments, and an increase in the number of fertility clinics.
According to a research by the American Society for Reproductive Medicine, the male spouse causes infertility in about 40% of infertile couples, and among them, between 85 and 90 percent are cured with medication or surgery. This is expected to fuel the market for fertility services.
On the other hand, increased treatment costs of ARTs in developed countries and rising inadequate reimbursement policies will act as restrain and further impede the growth rate of market during the forecast period of 2022-2029.
This fertility services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fertility services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Fertility Services Market
Globally, the COVID-19 pandemic had a significant impact. The market for fertility services has suffered as a result of this pandemic. In addition, until the illness appears to be under control, the majority of fertility clinics around the world have halted accepting new cases of infertility treatment.
- In July 2019, A Queensland-based provider of reproductive treatments named Fertility Solutions was purchased by Australia-based Monash IVF Group for $1.43 million (AUD 2.1 million). The business purchased some of Fertility Solutions' assets, liabilities, and contracts. With two Fertility Solutions facilities in Bundaberg and the Sunshine Coast, the acquisition is anticipated to increase Monash IVF Group's regional reach.
Global Fertility Services Market Scope
The fertility services market is segmented on the basis of infertility, procedure, services and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Male infertility
- Female infertility
- Assisted Reproductive Technology (ART)
- In-Vitro Fertilization
- Artificial Insemination
- Fertility Clinics
- Clinical Research Institutes
- Surgical Centers
Fertility Services Market Regional Analysis/Insights
The fertility services market is analysed and market size insights and trends are provided by country, infertility, procedure, services and end-user as referenced above.
The countries covered in the fertility services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the fertility services market due to lower fertility rates, growth in the median age of motherhood, and increasing obesity cases.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to declining fertility rates in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fertility Services Market Share Analysis
The fertility services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fertility services market.
Some of the major players operating in the fertility services market are:
- Olympus Corporation (Japan)
- The Cooper Companies Inc. (U.S.)
- Instituto Bernabeu (Spain)
- Virtus Health (Australia)
- CooperSurgical, Inc. (U.S.)
- Vitrolife (Sweden)
- CARE Fertility (U.K.)
- INVO Bioscience (U.S.)
- Monash IVF (Australia)
- Fertility Focus Limited (U.S.)
- Carolinas Fertility Institute (U.S.)
- Apollo Hospitals Enterprise Ltd. (India)
- Merck KGaA (Germany)
- LABOTECT GMBH (Germany)
- Medicover (Sweden)