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Covid19 Impact On Fertility Testing Market 2020- Global Trends, Current Scenario, Demand, Regional Analysis and Forecast to 2025
Fertility Testing Market is expected to grow significantly over the forecast period. It was valued at USD 420 Million in 2018 and is projected to reach USD 640 Million by 2025, with a CAGR of 7.5% over the forecast period.Fertility Testing Market – Market Overview
Fertility testing is a process in which fertility or infertility is checked or assessed. In-depth analysis on fertility testing market revels that, fertility testing market is a booming & profitable business, several factors influencing markets growth.
The first is the overall increase & rise in couples trying unsuccessfully to conceive due to advanced age, obesity, lifestyle & various environmental factors.
Especially in developed region such as in American women are having babies in their 30s than in their 20s, part of the gradual increase over the past four decades in the average age Americans becoming parents. On the other hand getting pregnant at age range 30s-40s can also come with a lot of uncertainty about whether it’s even possible to conceive & how much time might be left before infertility sets in
Second is, growing recognition that this is not a women’s health problem. Approximately one in five couples, a male factor is diagnosed as the cause. Another 30 percent of cases are deemed both male & female or unexplained.
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Now fertility testing industry became relatively new industry that claims to be able to help women answer these burning questions. By seeing profitable of the industry many online companies, clinics & fertility centres now offer tests of ovarian reserve, for example: At Future Family, fertility age test promises to deliver insight into patients current & future fertility, in the privacy of patients own home. Let’s get checked’ test determines if a woman’s pregnancy chances are lower than what is expected at her age. At Shady Grove Fertility, the largest fertility centre in United State, ovarian reserve testing is part of the initial fertility evaluation & promises no more guessing about fecundity.
Fertility Testing Market – Competitive Analysis
As the market seems to be attractive, growing and profitable, at the same time market has witnessed intense rivalry among existing competitors. Many new entrants expected to enter into fertility testing market. There are many big players in the fertility testing market such as: Geratherm Medical AG Germany, Prestige Brands Holdings, Inc. in U.S., SPD Swiss Precision Diagnostics GmbH in Switzerland, Church & Dwight Co., Inc. in U.S., Fairhaven Health LLC in U.S., HiLin Life Products, Inc. in U.S., Fertility Focus Limited in U.K. Alere Inc., Atlas Medical, Biomerieux SA, Church & Dwight Co. Inc., Gemc Technology Group Co. Ltd
Market has new entrants and new launches for example: - In October-1-2016, California start-up “Episona”, a company founded around epigenetic science. Its first product, “Seed”, launched in October-2016 and is now being sold to fertility clinics. Seed is an advanced and next generation sequencing test that looks for specific signs of DNA-methylation in sperm. This could be the result of aging, smoking, pollution & more. Depending on how & where this occurs, the DNA modifications can impact fertility & embryo development. In Jun- 20-2016, a semen centrifuge is the latest and newest direct to consumer fertility device on the market. The Trak, a desktop gadget that measures a man’s sperm count, was approved by the Food & Drug Administration for consumer use. The device, developed by “Bay Area” start-up sandstone diagnostics, runs on AA batteries, costs USD 159.99, & even syncs with phone.
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Fertility Testing Market – Regional Analysis
Analysis shows that, North America including the U.S. and Canada, held the largest share of the global fertility testing market. A number of factors such as the decline in fertility rate owing to the rising first time pregnancy, age & high prevalence of ‘polycystic ovary syndrome’ among North American women, growing awareness about the benefits offered by ovulation monitors & Fertility Awareness Methods in successful conception among women & the development of advanced device offerings at a lower cost are driving market growth in North America. However, the Asia Pacific fertility testing market is expected to witness the fastest growth in the forecast period. Growing anxiety, increasing depression among couples, decreasing fertility rate, growing number of women suffering from lifestyle disorders, rising funding and investments for the development of fertility & ovulation monitors, growing focus of both international & domestic players on the Asia Pacific fertility testing market are some of the major factors driving fertility testing market growth in the Asia-Pacific region.
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