Fertility Services Market is Generating Revenue of $27.15 Billion by 2026 | Care Fertility Group, Carolinas Fertility Institute
Asia-Pacific is estimated to be the highest revenue contributor throughout the forecast period.
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Fertility services are availed by people who are unable to conceive naturally. These services assist infertile couples, single parents, and LGBT community to procreate and start a family. IVF and other assisted reproductive technology (ART) procedures, surrogacy, and artificial insemination are some of the widely performed fertility services.
The fertility services market growth is driven by increase in infertility rates, rise in trend of delayed pregnancies, surge in ART success rate, and growth in disposable income. Furthermore, rise in prevalence of infertility due to increase in risk factors, such as obesity, stress, polycystic ovarian syndrome (PCOS), sexually transmitted infections, endometrial tuberculosis, and other medical conditions, is expected to offer lucrative opportunities for the fertility services market growth during the forecast period.
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Based on procedure, the IVF with ICSI segment accounted for half of the fertility services market share in 2018. This segment is expected to exhibit a prominent growth rate, owing to some key factors such higher success rates associated with ICSI-IVF in case of poor sperm morphology, poor sperm motility, low sperm count, and others.
Based on fertility services market trends by end user segment, fertility clinics generated revenue the highest revenue in 2018 and is anticipated to continue the same during the forecast period. The segment of surgical centers would exhibit prominent growth rate due to availability of various fertility procedures under one roof, development of fertility devices with advanced technologies and the availability of a skilled workforce.
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In addition, Asia-Pacific is expected to experience the highest growth rate during the forecast period majorly due to surge in adoption of fertility procedures, development in the healthcare infrastructure, and rise in fertility tourism.
The Major Key Players Are:
• 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.
• Xytex Cryo International.
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