The most recent study conducted by Report Ocean, titled “Global Infertility Treatment Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Infertility Treatment. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global infertility treatment market to reach USD 2.4 billion by 2027. Global infertility treatment market to reach USD 2.4 billion by 2027. Global infertility treatment market is valued approximately at USD 1.4 billion in 2020 and is anticipated to grow with a healthy growth rate of about 8.1% over the forecast period 2021-2027. Infertility treatment deals with the adoption of different techniques and procedures to treat infertility which may be caused as a result of disorders related to occurrence of ovulation, maternal age, sextually transmitted infections, tubal occlusion or blockage, genetics, immune infertility, and others. The global infertility treatment market is being driven by declining fertility rate and increasing public-private investments, funds, and grants.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Furthermore, increasing medical tourism due to low treatment costs will provide new opportunities for the global infertility treatment industry. Market players across the globe are undertaking a range of strategic initiatives which is expected to have a positive impact on the market growth. For instance, in 2021, CooperSurgical partnered with Virtus Health in order to strengthen its fertility technology.
This would increase the accessibility of advanced treatment methods to infertile couples. Also, in 2021, Hamilton Thorne Ltd. received approval from the Food and Drug Administration for the commercialization of GYNEMED GM501. It is a ready-to-use medium, which is designed for in vitro handling and washing procedures of human embryos and oocytes in the United States and Europe. Such strategic initiatives taken by the market players across the globe is expected to increase the adoption of infertility treatment methods and hence promote the market growth. However, high costs associated with assisted reproductive technology may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global infertility treatment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific accounts for the largest share in terms of market revenue in the global infertility treatment market over the forecast period 2021-2027. Factors such as rise in medical tourism, growth in the awareness regarding availability of infertility treatment procedures, rising healthcare expenditures, growing fertility centers, increasing rate of infertility, government initiatives to increase infertility treatment accessibility, etc. contribute towards the largest market share of the region in the forecast years.
Major market player included in this report are:
The Cooper Companies Inc.
Cook Group
Vitrolife
Thermo Fisher Scientific, Inc.
Esco Micro Pte. Ltd.
Genea Biomedx
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IVFtech ApS
FUJIFILM Irvine Scientific
The Baker Company, Inc.
Kitazato Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Equipment
Media & Consumables
Accessories
By Procedure:
Assisted Reproductive Technology
Artificial Insemination
Fertility Surgeries
Other Infertility Treatment Procedures
By Patient Type:
Female Infertility Treatment
Male Infertility Treatment
By End User:
Fertility Centers
Hospitals & Surgical Clinics
Cryobanks
Research Institutes
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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