The fertility test market is projected to grow at a good CAGR during the 2018-2023 period

The recent report titled, “Fertility Test Market - Forecasts From 2018 TO 2023” by Knowledge Sourcing Intelligence LLP covers in-depth analysis of the market on the basis of product, application, mode of purchase, end user, and geography. The report also covers the country level analysis within the regions as well. In addition, the report covers the key trends in the market along with drivers and restraints during the forecast period 2018-2023. The report has segmented the fertility test market by product as ovulation predictor kits, fertility monitors, and male fertility testing products; by application as female fertility testing and male fertility testing; by mode of purchase as prescription based and non-prescription based; by end user as home care setting, hospitals, and fertility clinics and by geography as North America, South America, Europe, Middle East and Africa, and the Asia Pacific. The demand for fertility test market is growing during the forecast period owing to the prevalence of infertility and growing awareness regarding reproductive health among people in order to protect and take responsibility for their reproductive functions. Furthermore, advancements in technology leading to the launch of new techniques and easy-to-use fertility monitors, in addition to growing fertility tourism is driving the growth of the fertility test market in the forecast period.

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Growing fertility tourism will drive the growth of the fertility test market during the forecast period and beyond.

Fertility tourism or reproductive tourism is gaining popularity as a form of medical tourism which consists of traveling for fertility treatments after fertility tests confirm infertility. This is gaining momentum due to the rising infertility rates and the advent of assisted reproductive technology (ART) in addition to its increased usage worldwide. Over the years reproductive tourism has expanded rapidly giving rise to more and more people suffering from infertility related problems to travel either for treatments such as IVF or in search of gamete donors or surrogate mothers. The strict legal restrictions in certain countries such as Italy, Germany, and Canada, among others has forced intended parents to avail fertility services in countries like India, Israel, USA, Spain and Denmark, which are considered to be the captivating destinations for fertility tourists owing to the less severe governmental regulations, lower medical costs and high-quality healthcare.

North America is expected to hold a significant market share.

The North America fertility test market is estimated to a significant market share owing to a low fertility rate, with approximately 1.9 children per woman, lax government regulations on assisted reproduction, early adoption of innovations, high healthcare spending in the United States and Canada, high disposable income and out-of-pocket expenditure. Also, the healthcare in the United States is moving from volume-based to value-based care by reforming policies, programs promoting operational efficiency, technology use, population health management, wellness, and addressing the social determinants of health. Hence, people here are better aware of their health including reproductive health and prefer to be in greater control of their own health management. Thus, emanating the growth of the fertility test market during the forecast period.

Some of the major players discussed in the reports are Geratherm Medical AG, UEBE Medical GmbH and AdvaCare Pharma, among others.

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This release was published on openPR.