The Global Infertility Testing and Treatment Market to Develop at CAGR of 10.15% by 2028

Triton Market Research presents the Global Infertility Testing and Treatment Market segmented End-user (Hospitals and Research Laboratories, Fertility and Surgical Centers, Cryobanks), Gender (Female [Female Infertility Treatment (IVF without ICSI, Surrogacy, IVF with ICSI, IUI, Others), Female Infertility Testing (Laparoscopy, Ovulation Testing, Ovarian Reserve Testing, Hormonal Level Testing, Hysterosalpingography, Transvaginal Ultrasound, Others)], Male [Male Infertility Treatment (Assisted Reproductive Technology & Varicocele Surgery, Medication), Male Infertility Testing (Computer-Assisted Semen Analysis (CASA), DNA Fragmentation, Sperm Agglutination, Microscopic Examination, Oxidative Stress Analysis, Sperm Penetration Assay, Others)]), and by Geography (Middle East and Africa, Latin America, North America, Asia-Pacific, Europe). It further discusses the Market Summary, Industry Outlook, Key Insights, Impact of COVID-19, Porter's five forces analysis, Key Buying Impact Analysis, Market Attractiveness Matrix, Industry Components, Vendor Scorecard, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

As per Triton's report, the market for infertility testing and treatment is anticipated to grow at a CAGR of 10.15% over the forecast period 2021-2028.

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Due to inadequate nutrition, extreme work hours, and changing lifestyles, several people have infertility. This has led to an increase in demand for infertility treatments, opening new opportunities for fertility clinics.

In recent years, time-lapse technology has shown tremendous potential in supporting the success rate of IVF treatment. Here, this technology permits scientists to develop and monitor the development of IVF embryos before their transfer into the womb. Along with this, advances in embryo biopsy and genetic screening generate opportunities for the infertility testing and treatment market. However, the high cost of these treatments and social taboo pertaining to infertility are restricting the overall growth of the global market.

The Asia-Pacific is likely to become the fastest-growing region in the infertility testing and treatment market over the forecast period. This strong growth can be attributed to various factors, such as rising fertility tourism and a surge in the adoption of fertility procedures. As a result, the region has emerged as a popular destination for medical tourism, with high medical tourists seeking treatments in South Korea, India, and Thailand. Cheaper treatment, along with efficient medical facilities, drive the market in these countries. Hence, the growing medical tourism is likely to fuel the infertility testing and treatment market development in the APAC region.

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The prominent companies in the studied market are Ferring Pharmaceuticals, Fujifilm Irvine Scientific, Olympus Corporation, Create Fertility Centre, Labotect GmbH, Adorfem, Genea Ltd, Endo International Plc, Bangkok IVF Center, Cook Medical Inc, EMD Group (Merck KGAA), Halotech DNA, Progyny, Vitrolife AB, and Cooper Surgical.

There is a high demand witnessed in the market, which has led several market players to invest in the market heavily. Moreover, new investments and startups have emerged in the market developing in-vitro fertilization devices. Furthermore, some countries are supported by government funding to encourage new players to enter the market, making the threat of new entrants to be relatively moderate.

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