Infertility Devices Market to Inspire a Growth up to US$ 14.6 Billion by 2027 – Global Trends, Size, Share Investment, Growth Rate, Latest Technology and Regional Forecast to 2027
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Leading players are adopting business growth strategy such as collaborations and partnerships, propelling market growth. For example, Carl Zeiss Meditec AG partnered with Kyoto University in October 2019 to expand the company's research and development capacity. Similarly, Invo Bioscience stated in November 2019 that it had signed commercialization agreements in Turkey and Jordan for the InvoCell in-vivo fertility technology, paving the way for the company's development throughout the Middle East.
The rising incidence of infertility is likely to fuel the growth of the infertility devices market. In 2018, the global prevalence of infertility was 10-15 percent, according to the International Journal of Women's Health and Reproduction Sciences. Couples in Iran suffering from primary and secondary reproductive difficulties were at 78.4 percent and 21.6 percent, respectively, in 2018, according to the same data source.
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Moreover, increasing government funding programs for infertility is further expected to drive the infertility devices market growth over the forecast period. For instance, in December 2015, Ontario (Canada) government launched the Ontario Fertility Program to provide funds to help infertile patients to overcome such infertility problems. Moreover, access to funded fertility services was available for all forms of infertility (including medical and non-medical infertility), regardless of gender, sexual orientation, or family status.
Because of the implementation of growth strategies such as product launches, investments, and facility expansion by market players to increase their market presence, North America is likely to have a dominating position in the infertility devices market over the forecast period. INVO Bioscience, Inc., a medical device business, reported in November 2015 that the US Food and Drug Administration (FDA) has approved the company's De Novo request for INVOcell. INVOcell is the first intravaginal culture system to receive FDA approval in the United States.
Furthermore, market players in North America are projected to employ inorganic expansion methods such as distribution agreements, collaborations, and acquisitions, which are projected to support the infertility devices market growth during the forecast period. In November 2018, Ferring Pharmaceuticals signed an agreement with INVO Bioscience Inc. to obtain the exclusive U.S. commercialization rights for the INVOcell intravaginal culture (IVC) system. The INVOcell IVC device, retention device, and holding block are all part of the system.
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Furthermore, due to favorable reimbursement policies by governments for infertility treatment, Europe is likely to have considerable development in the infertility devices market during the forecast period. In France, for example, according to the European Policy Audit on Fertility (EPAF) standards, women under the age of 43 receive 100 percent coverage for four IVF treatments and up to six IUI sessions.
Due to increased adoption of partnerships and acquisition tactics by market participants, as well as increased product approvals by regulatory organizations, the worldwide infertility devices market is estimated to grow at a CAGR of 8.4 percent over the forecast period. For example, INVO Bioscience, Inc., a medical device business focusing on developing alternative treatments for people diagnosed with infertility, announced in October 2019 that their INVOcell culture and retention device had received the CE mark.
Due to increased research and innovation in the field of fertility by research institutes, the equipment sector held a prominent position in the infertility devices market in 2018. For example, a device called Spartan was developed by Worcester Polytechnic Institute researchers in 2018. By selecting faster and healthier sperm, the Spartan gadget helps women get pregnant with fewer treatment trials in IVF fertilization. Simple Periodic Array for Trapping and Isolation is the abbreviated form of Spartan. This gadget creates an array of obstacles for sperm to navigate over on their way to the outlet by using a field of three-dimensional posts. The fastest and healthiest sperm that make it through the outlet are employed in IVF (in vitro fertilization) procedures.
Due to increased innovation and development in ART, the Assisted Reproductive Technology (ART) technique sector had a leading position in the infertility devices market in 2018. For example, Esco Medical Group introduced the Semi-Closed Environment (SCE) IVF equipment in 2017 to provide a regulated environment when handling gametes and embryos during IVF procedures.
Because of the increased occurrence of infertility, the females segment dominated the infertility devices market in 2018. According to the National Survey of Family Growth (NSFG) data published in 2018, around 5.5 percent of all females in the United States were infertile, with 6.7 percent of married women aged 15 to 44 years infertile.
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Table of Content
Global Infertility Devices Market Research Report
Section 1: Global Infertility Devices Industry Overview
Section 2: Global Economic Impact on Infertility Devices Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Infertility Devices Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Infertility Devices Market Forecast
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