Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Fertility services are provided for treating infertility problems. Changing lifestyles enhances the problem of conceiving baby in couples. Hormone imbalance, increased alcohol and drug use, delayed maternal age are the major factors affecting the today’s fertility rate. The advancement in the fertility services brings new hope and enhances the chances of becoming pregnant. As per the doctors review, the literate population is aware of the fact that struggling with the infertility is not a shame. The increasing literature ratio in the population enhances the awareness about the fertility processes. Successful infertility treatments builds the trust of couples on the overall process. Moreover proper consultation and clarification given by the fertility clinics and doctors helps to increase awareness about several treatments and their results.
The key factors like increasing worldwide infertility rates, changing lifestyle, delayed pregnancies in women boost the demand of fertility clinics which impacts positively on the growth of fertility services market. Growing adoption of regular alcohol and drugs negatively impact on the health of males and females both and hampers the chances of fertility in couples. The government is taking several initiatives to fight infertility problems in the population, which supports the growth of fertility service market. The advancement in the infertility treatments, increasing fertility knowledge and awareness has led to increasing establishments of fertility clinics, which boosts the growth of fertility services market. However, high cost of infertility treatments and lack of trained personnel and the necessary equipment and infrastructure is expected to restrain the market growth.
The study analyses global fertility services market based on product, procedure, patient type, services, end user and geography.
Based on product, fertility services market is segmented into equipment, media and consumables and accessories. The media & consumables segment is likely to experience fast growth during the projection period. The technological advancement in the field of consumable devices, growing awareness of infertility treatment and diagnosis fuels the growth of media and consumable segment. Likewise, easy availability and massive variety of media consumables drives the growth of this segment.
Based on procedure, fertility services market is bifurcated into IVF, ICSI, IUI, fertility preservation, surrogacy and others. The demand for IVF procedure is increasing as it increases the chances of having healthy baby, decreases the chances of miscarriage, it can be done if patient has certain health conditions like fallopian tube damage or blockage and can also be used by both surrogate and gestational carriers .
Based on patient type, fertility services market is bifurcated into male and female infertility treatment. Female infertility treatment segment is estimated to dominate the market. Infertility disorders are majorly seen in the females due to delayed pregnancies, hormone imbalance and issues like cyst on ovaries drives the growth of the market.
By services, fertility services market is bifurcated into fresh non-donor, frozen non-donor, egg and embryo banking, fresh donor, and frozen donor.
Major end users of the fertility services market covered in the study are cryobanks, fertility centers, hospital and surgical clinics and research institutes. Fertility centers dominate the market and is likely to maintain its dominance at high growth rate during the forecast period. Increasing fertility knowledge and awareness has increased the preference of the people towards such clinics for treatment of infertility. Moreover, growing number of infertility clinics supports the growth of the segment.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. North America held the largest market share of global fertility services market. The US and Canada are dominating the market in this region. The major factors that are attributed to the growth of market in this region are increasing median age of first-time pregnancy, decreasing fertility rates, and ever-growing healthcare expenditure. Additionally, high income, rising awareness, and good reimbursement scenario are further fuelling the market growth in the region.
The major key players of market includes Cook Group Incorporated, Esco Micro Pte. Ltd, Genea Limited, Hamilton Throne, Ltd, Ihmedical A/S, Irvine Scientific (A Member of Jx Holdings Group), IVFTech Aps, Kitazato Corporation, Medgyn Products, Inc, Rocket Medical PLC, Somatex Medical Technologies GmbH, The Baker Company, Inc, The Cooper Companies, Inc, Thermo Fisher Scientific, Vitrolife Ab and Zeiss Group among others.
The study analyses global fertility services market based on product, procedure, patient type, services, end user and geography. Based on product, fertility services market is segmented into equipment, media and consumables and accessories. The media & consumables segment is likely to experience fast growth during the projection period. Based on procedure, fertility services market is bifurcated into IVF, ICSI, IUI, surrogacy and others. Based on patient type, fertility services market is bifurcated into male and female fertility services. By services, fertility services market is bifurcated into fresh non-donor, frozen non-donor, egg and embryo banking, fresh donor, and frozen donor. Major end users of the fertility services market covered in the study are cryobanks, fertility centers, hospital and surgical clinics and research institutes. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World.
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