Press release
Infertility Testing Market with Top Key Players Biozhena Corporation, Quidel Corporation, Alere Inc., Biomérieux SA, and Global Forecast to 2024
Global Infertility Testing Market
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SIGNIFICANT DECLINE IN FERTILITY RATES
Total fertility rates can be defined by the average number of children born to a woman who survives her reproductive years (aged 15-49). This fertility has dropped globally by about half since 1960. According to Eurostat, globally the total fertility rate has decreased from 4.45 in 1970 to around 2.50 in 2014. As the fertility rate is getting dropped worldwide, people get more aware of their health and visiting hospitals and clinics to get fertility testing done. Thus the decrease in fertility rate is also driving the growth of the market.
TECHNOLOGICAL CHANGES SUCH AS LOW GWP REFRIGERANTS
Increased prevalence of infertility and rising demand in fertility testing raises the scope of testing products. Hence, many fertility testing manufacturers and providers are researching and introducing the innovative products in the market.
• In October 2016, Episona Inc., an epigenetics data company which deals in improving the reproductive health launched the Seed, an innovative new male fertility test. Seed analyzes epigenetic changes on DNA to personalize fertility treatment and potentially decrease time to pregnancy.
• In December 2016, Medical Electronic Systems (MES), manufacturer of commercial-grade automated semen analyzers and gold standard in automated semen analysis launched the YO Home Sperm Test. It is the first home male fertility test kit powered by a smartphone platform and supported by an interactive app experience complete with sperm education, animations and sperm trivia.
GROWTH IN THE COLD CHAIN MARKET
Cold chain includes a series of refrigerated products, need of storage, distribution activities, logistics and other related equipment. Cold chain equipment is used in pharmaceutical sector, transportation, food sector, bio pharma, chemical sector and many more. For instance, pharmaceutical sector requires cold chain equipment for storage of vaccines, testing reagent, whole blood and refrigerated drugs. Logistic sector include transportation of horticulture, floriculture during distribution and supply. Food sector include processed foods, dairy and poultry consumption, instant and canned items. According to National Centre for Cold Chain Development (NCCD), in 2014, under Ministry of Agriculture & Farmers Welfare, support for cold chain was rationalized to revise the components and the cost norms along with a reduction of 5% in the subsidy rates.
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Market Segmentation:
The global infertility testing market is segmented on the basis of type, test kits, prescription mode, distribution channel and end user. The report provides data for 2015 to 2024, 2016 being the current year while 2017 to 2024 is the forecast period for the report.
On the basis of test kits are further sub divided into human Follicular Stimulating Hormone (FSH) urine test kits, luteinizing hormone (LH) urine test kits, human chorionic gonadotropin (HCG) hormone blood test kits and others. In 2017, the Luteinizing Hormone (LH) Urine Test kits are expected to dominate the market with 41.6% market share
On the basis of prescription mode, the global infertility testing market is segmented into prescription-based and over the counter (OTC) based. In 2017, over the counter (OTC) based segment dominated the market with 83.21% market share.
On the basis of distribution channel, the global infertility testing market is classified into hospitals pharmacies, online pharmacies and pharmacies & drug stores. In 2017, the pharmacies & drug stores are expected to dominate the market with 49.8% market share.
On the basis of end user, the global infertility testing market is classified into fertility centers, hospitals and clinics, research institutes and cryobanks. In 2017, the Fertility Centers are expected to dominate the market with 40.5% market share.
Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa.
Key Drivers:
The major factors driving the growth of this market are significant decline in fertility rates, increasing number of fertility clinics, rising public awareness among the female population, increasing number of gynaecological disorders and technological advancements and innovative testing products. On the other hand, high cost of ovulation testing and accuracy issues with testing kits may hinder the growth of the market.
Key Points:
The Merck KGaA is going to dominate the global infertility market followed by Procter & Gamble, bioMérieux SA and other players operating in this market are include Babystart Ltd, Biozhena Corporation, Quidel Corporation, Alere Inc., SPD Swiss Precision Diagnostics GmBH, Proctor & Gamble, SCSA Diagnostics, Inc., among others.
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