Fertility Services Market to 2023: Report on Top Company Players, Industry Insights and Market Overview

Fertility services include various procedures utilized to treat fertility issues in men and women and assist with the conception. The rise in the infertility rate is mainly due to the increase in risk factors, such as obesity, stress, Polycystic Ovarian Syndrome (PCOS), sexually transmitted infections, endometrial tuberculosis, and other medical conditions. These services have been attracting a great deal of attention in the recent years owing to the growing demand for fertility treatments, declining fertility rates, continuous advancements in fertility treatment devices, and growing success rate for IVF treatments.

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Some of key the players in the global fertility services market are Merck KGaA, Cook Medical, Irvine Scientific sales Company, Inc., CooperSurgical, CARE Fertility Group Limited, Ferring Pharmaceuticals, Vitrolife, and others.

The rise in the rate of infertility and surrogacy in developing countries, increasing occurrences of reproductive tourism, and high success rate of fertility treatments are the major factors driving the growth of the global fertility services market. Moreover, the changing lifestyle and increased age of parenthood contribute to the growth of the market.

Moreover, increasing education levels in women and employment rates also affect the fertility rate as they lead to late family planning. For instance, according to the National Center for Health Statistics, in the US, the fertility rate was 60.2 births per 1,000 women in 2017. The rate dropped by 2% as compared to the fertility rate in 2015 which was 62.5 births per 1,000 women in 2015. Moreover, as per the statistics presented by the World Bank, India had a fertility rate of 3.311 in 2000 whereas in 2016 it declined to 2.326. The fertility rate in China was 2.35 in 1990 which declined to 1.624 in 2016. This downfall in the fertility rate increases the concern of people towards infertility, which also fuels the demand for fertility services..

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Key Findings
• The global fertility services market is expected to reach USD 36,458.83 million by 2023 at a CAGR of 8.50% during the forecast period.
• On the basis of underlying cause, the female infertility segment is expected to command the largest market share of 54.0% over the review period and is expected to register a CAGR of 8.31% during the forecast period from 2018 to 2023.
• On the basis of treatment type, the assisted reproductive technology (ART) segment is expected to command the largest market share of 76.4% over the review period, and the infertility drugs segment is expected to register the fastest CAGR of 8.83% during the forecast period from 2018 to 2023.
• On the basis of region, the market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. In 2017, the market was led by Europe with a 34.7% share..

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