Pune, India, July 25, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global fertility services market growth was worth USD 17.45 billion in 2021 and is anticipated to progress with a healthy CAGR over the stipulated timeframe to showcase decent growth during 2022-2027.
Additionally, the study discusses the parameters that support revenue generation as well as the profit contribution of various market segments. It also includes a thorough geographical bifurcation to comprehend the opportunities in different locations. A well-detailed analysis of well-known players is also provided, along with an overview of their service and product offerings to help investors in making a wise strategic choice.
The industry is majorly driven by rising rate of male infertility, PCOS (polycystic ovary syndrome), and premature ovarian failure, alongside improvement in insurance coverage for IVF procedures.
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Furthermore, developments in assisted reproductive technologies, increasing awareness of infertility treatments, and surging number of fertility clinics across the globe are expected to bolster market outlook in the coming years.
Moreover, expanding use of IVF services to support pregnancy, soaring number of same-sex couples, increasing government funding for the emergence of novel IVF solutions, growing disposable income of individuals, and shifting trend toward having children later in life are the various factors anticipated to fuel worldwide fertility services market during the analysis timeframe.
However, problems including high costs, low success rate for IVF procedures, the prevalence of congenital abnormalities, and the dangers & side effects of IVF have stifled the market expansion in the recent past.
COVID-19 impact:
The advent of COVID-19 pandemic has disrupted the functioning of the fertility centers due to reduced manpower, which in turn hampered the industry in the recent past.
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Market segment overview:
Based on procedure, the market is divided into surrogacy, IVF, and others. In terms of patients, the industry is branched into male, female, and others. On the basis of end-user terrain, the marketplace is classified into hospitals, clinical institute research, fertility clinics, and others.
Regional scope:
The latest industry trends are studied across North America (U.S., Canada), Europe (U.K, Italy, France, Germany), Asia Pacific (China, South Korea, India and Japan).
Among these, Europe market is gaining traction currently, owing to rising prevalence of obesity problems in the region. Whereas United States industry holds major revenue share at present, due to growing use of IVF procedures by the regional population.
Competitive dashboard:
Speaking of competitive landscape, Boston IVF, Monash IVF Group, Cook Medical Inc., CooperSurgical Fertility, Progyny Inc., FUJIFILM Irvine Scientific Inc., Celmatix Inc., INVO Bioscience Inc., San Diego Fertility Center, Thermo Fisher Scientific Inc., and Merck KGaA are the leading players in global fertility services market.
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Global Fertility Services Market, by Procedure (Revenue, USD Billion, 2017-2027)
- Surrogacy
- IVF
- Others
Global Fertility Services Market, by Patients (Revenue, USD Billion, 2017-2027)
- Male
- Female
- Others
Global Fertility Services Market, by End-User (Revenue, USD Billion, 2017-2027)
- Hospitals
- Clinical Institute Research
- Fertility Clinics
- Others
Global Fertility Services Market, Geographical Fragmentation (Revenue, USD Billion, 2017-2027)
North America
- U.S.
- Canada
Europe
- UK
- France
- Germany
- Italy
Asia Pacific
- China
- South Korea
- Japan
- India
Global Fertility Services Market, Company Profiles (Revenue, USD Billion, 2017-2027)
- Boston IVF
- Monash IVF Group
- Cook Medical Inc.
- CooperSurgical Fertility
- Progyny Inc.
- FUJIFILM Irvine Scientific Inc.
- Celmatix Inc.
- INVO Bioscience Inc.
- San Diego Fertility Center
- Thermo Fisher Scientific Inc.
- Merck KGaA
Table of Content:
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Global Fertility Services Market: Product Outlook
4. Global Fertility Services Market: Sizing and Forecast
4.1 Global Fertility Services Market Size, By Value, 2017-2027
4.2 Impact of COVID-19 on Global Fertility Services Market
5. Global Fertility Services Market Segmentation - By Procedure, By Patients, By End User
5.1 Competitive Scenario of Global Fertility Services Market: By Procedure
5.1.1 IVF - Market Size and Forecast (2017-2027)
5.1.2 Surrogacy - Market Size and Forecast (2017-2027)
5.1.3 Others - Market Size and Forecast (2017-2027)
5.2 Competitive Scenario of Global Fertility Services Market: By Patients
5.2.1 Female - Market Size and Forecast (2017-2027)
5.2.2 Male - Market Size and Forecast (2017-2027)
5.2.3 Others - Market Size and Forecast (2017-2027)
5.3 Competitive Scenario of Global Fertility Services Market: By End User
5.3.1 Fertility Clinics - Market Size and Forecast (2017-2027)
5.3.2 Clinical Institute Research - Market Size and Forecast (2017-2027)
5.3.3 Hospitals - Market Size and Forecast (2017-2027)
6. Global Fertility Services Market: Regional Analysis
6.1 Competitive Scenario of Global Fertility Services Market: By Region
7. North America Fertility Services Market: An Analysis (2017-2027)
7.1 North America Fertility Services Market: Size and Forecast (2017-2027), By Value
7.2 North America Fertility Services Market - Prominent Companies
7.3 Market Segmentation By Procedure (IVF, Surrogacy, Others)
7.4 Market Segmentation By Patients ( Female, Male, Others)
7.5 Market Segmentation By End User (Fertility Clinics, Clinical Research Institute, Hospitals, Others)
7.6 North America Fertility Services Market: Country Analysis
7.7 Market Opportunity Chart of North America Fertility Services Market - By Country, By Value, 2027
7.8 Competitive Scenario of North America Fertility Services Market: By Country
8. Europe Fertility Services Market: An Analysis (2017-2027)
8.1 Europe Fertility Services Market: Size and Forecast (2017-2027), By Value
8.2 Europe Fertility Services Market - Prominent Companies
8.3 Market Segmentation By Procedure (IVF, Surrogacy, Others)
8.4 Market Segmentation By Patients ( Female, Male, Others)
8.5 Market Segmentation By End User (Fertility Clinics, Clinical Research Institute, Hospitals, Others)
8.6 Europe Fertility Services Market: Country Analysis
8.7 Market Opportunity Chart of Europe Fertility Services Market - By Country, By Value, 2027
8.8 Competitive Scenario of Europe Fertility Services Market: By Country
9. Asia Pacific Fertility Services Market: An Analysis (2017-2027)
9.1 Asia Pacific Fertility Services Market: Size and Forecast (2017-2027), By Value
9.2 Asia Pacific Fertility Services Market - Prominent Companies
9.3 Market Segmentation By Procedure (IVF, Surrogacy, Others)
9.4 Market Segmentation By Patients ( Female, Male, Others)
9.5 Market Segmentation By End User (Fertility Clinics, Clinical Research Institute, Hospitals, Others)
9.6 North America Fertility Services Market: Country Analysis
10. Global Fertility Services Market Dynamics
10.1 Drivers
10.2 Restraints
10.3 Trends
11. Market Attractiveness
11.1 Market Attractiveness Chart of Global Fertility Services Market - By Procedure, 2027
11.2 Market Attractiveness Chart of Global Fertility Services Market - By Patients, 2027
11.3 Market Attractiveness Chart of Global Fertility Services Market - By End User, 2027
11.4 Market Attractiveness Chart of Global Fertility Services Market - By Region, 2027
12. Company Analysis
Related Report:
Fertility Testing Devices Market Size, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021-2027
The fertility testing devices market is expected to witness substantial growth by 2027 owing to mounting prevalence of damaging lifestyle habits, including drinking, smoking, and poor diet. Additionally, escalating incidences of infertility issues in both males and females around the world is estimated to fuel market growth through the forecast period. With respect to end user, the market has been classified into fertility clinics & hospitals, home care settings, and others. The home care settings sub-segment is projected to garner significant gains by 2027, registering around 6.4% CAGR over the assessment timeline. Fertility testing devices are used in home care settings as they can be operated without professional guidance, which is set to bolster market adoption through the forthcoming years. From the regional perspective, the Latin America fertility testing devices market surpassed a valuation of USD 49 million in 2020 and is expected to gain considerable traction over the review period.
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