Fertility Services Market Expected to Reach $30,964 Million, by 2023

The Global Fertility Services Market was valued at $16,761 million in 2016, and is estimated to reach at $30,964 million by 2023, registering a CAGR of 9.3% from 2017 to 2023. Fertility services involve different procedures utilized to treat genetic and fertility issues and assist with conception. These services include different assisted reproductive technology (ART) methods, helping couples or single parents around the world.

Surge in prevalence of delayed pregnancies and growth in infertility rates drive the fertility services industry. In addition, availability of latest medical technologies in IVF devices throughout the world, is expected to fuel the market growth.

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The fertility services market is segmented based on procedure, service, end user, and region. Based on procedure, the market is divided into in vitro fertilization (IVF) with intracytoplasmic sperm injection (ICSI), surrogacy, IVF without ICSI, intrauterine insemination (IUI), and others. Based on service, the fertility services market is categorized into fresh non-donor, frozen non-donor, egg & embryo banking, fresh donor, and frozen donor. Similarly, by end user this market is classified into fertility clinics, hospitals, surgical centers, and clinical research institutes. Based on region, the fertility services market size is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The fertility service market is expected to witness a moderate growth during the forecast period, owing to the rise in adoption of fertility services due to surge in disposable income of population. Furthermore, health insurance portability and rise in advertising and marketing of medical facilities to promote artificial reproduction are anticipated to augment the market growth. However, costs associated with fertility services and reimbursement issues related to fresh IVF cycles are expected to hamper the fertility services industry.

With respect to fertility services market share, fertility clinics occupied the largest share in the fertility services market owing to the availability and accessibility of different services related to IVF such as infertility treatment, IVF programs, egg donation, intracytoplasmic sperm injection (ICSI), intra-cytoplasmic morphologically selected sperm injection (IMSI), and others in these clinics.

Asia-Pacific possesses high market potential for the growth of the fertility services market, owing to increase in accessibility and availability of healthcare facilities and rise in healthcare and research expenditure. This region is anticipated to experience rapid market growth due to economic development.

The report provides extensive competitive analysis and profiles of key market players, such as Apollo Hospitals Enterprise Ltd, Care Fertility Group, Carolinas Fertility Institute, Genea Limited, The Johns Hopkins Health System Corp, Medicover Group, Monash IVF Group, OvaScience Inc., Progyny Inc., and Xytex Cryo International The other players in the value chain (not included in the report) include Irvine Scientific, INVO Bioscience, LifeGlobal Group, and IVFtech ApS.

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Key Benefits for Stakeholders
• This report entails a detailed quantitative analysis of the current market trends from 2016 to 2023 to identify the prevailing opportunities.
• Market estimations are based on comprehensive analysis of the key developments in the industry.
• In-depth analysis based on region assists to understand the regional market and the strategic business planning.
• The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.

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