Fertility Test Market Outlook 2023: Top Companies, Trends and Growth Factors Details for Business Development

2019 Research Report on Global Fertility Test Market is a professional and comprehensive report on the Fertility Test industry.

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Key Players: SPD Swiss Precision Diagnostics (Switzerland), Church & Dwight (US), Prestige Brands Holdings (US), among others.

“The fertility test market projected to grow at a CAGR of 7.2% during the forecast period.”

The global fertility test market is projected to reach USD 583.1 million by 2023 from USD 411.8 million in 2018, at a CAGR of 7.2%. Growth in the fertility test market can be attributed to factors, such as increasing first-time pregnancy age, launch of advanced, easy-to-use fertility monitors with high accuracy, and increasing awareness about fertility testing. However, the unproven accuracy of urine-based ovulation monitors in PCOS/PCOD patients, and lesser precision of ovulation predictor kits to confirm ovulation are the major factors restricting market growth.

“The female fertility segment is expected to grow at the highest rate during the forecast period.”

On the basis of application, the global fertility test market has been segmented into female fertility testing and male fertility testing. The female fertility testing segment is expected to grow at the higher rate during the forecast period. Factors such as decreasing female fertility rates, availability of a wide range of fertility testing options, and high cost of IVF procedures are driving the high growth of this market segment.

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“The home care settings segment accounted for the largest share of fertility test market”

On the basis of end user, the fertility test market is segmented into two major segments, namely, home care settings and hospitals, fertility clinics, and others. The home care settings segment is expected to account for the largest share of the market in 2018. This is mainly attributed to factors such as decline of fertility rates in women and men, increasing need for continuous monitoring of health conditions, and growing preference for home and remote monitoring.

“The APAC market is expected to grow at the highest CAGR during the forecast period”

Geographically, the fertility test market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. The APAC market is expected to register the highest growth rate during the forecast period. The fast growth of this segment is mainly due to the growing number of women suffering from lifestyle disorders, increasing healthcare expenditure in these regions, rising funding/investments for the development of fertility and ovulation monitors. Moreover, as markets in developed countries are increasingly becoming saturated, manufacturers and suppliers of fertility test products are shifting their focus towards the Asian market, thereby driving the growth of this market during the forecast period.

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In the end, the Global Fertility Test Market report’s conclusion part notes the estimation of the industry veterans.

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This release was published on openPR.