Global Fertility Tech Solutions Market is projected to reach the value of $58.51 billion by 2030

According to the report published by Virtue Market Research , In 2022, the Global Fertility Tech Solutions Market was valued at $20.8 Billion and is projected to reach a market size of $58.51 Billion by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 13.8%.

The fertility tech solutions market has been growing steadily over the years and is expected to continue its growth trajectory in the foreseeable future. One of the long-term market drivers for this industry is the increasing demand for fertility treatments due to the rising incidence of infertility across the globe. According to the World Health Organization (WHO), infertility affects around 15% of couples globally. The increasing prevalence of lifestyle diseases such as diabetes and obesity, rising age at first birth, and environmental factors are contributing to the rising incidence of infertility.

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However, the fertility tech solutions market has not been immune to the COVID-19 pandemic. The pandemic has disrupted the global healthcare sector, and the fertility tech solutions market has been no exception. The lockdowns, social distancing measures, and reduced access to healthcare facilities have resulted in a decline in the number of patients seeking fertility treatments. Additionally, the economic uncertainty caused by the pandemic has resulted in a decline in the disposable income of individuals, reducing their ability to afford expensive fertility treatments.

Despite the challenges posed by the pandemic, the fertility tech solutions market is expected to rebound strongly in the coming years. One of the short-term market drivers for this industry is the increasing adoption of digital technologies in fertility treatments. The integration of artificial intelligence (AI), machine learning (ML), and other digital technologies is revolutionizing the fertility tech solutions market. These technologies are enabling clinicians to diagnose infertility more accurately and develop personalized treatment plans for patients.

Furthermore, the fertility tech solutions market is witnessing an opportunity for growth in the form of rising demand for fertility preservation services. The increasing age at first birth and rising awareness about the effects of aging on fertility have resulted in more individuals seeking fertility preservation services. This trend is particularly evident among women, who are increasingly opting for egg freezing as a means of preserving their fertility.

Finally, one of the major trends observed in the fertility tech solutions market is the growing focus on patient-centricity. Healthcare providers are increasingly adopting a patient-centric approach to fertility treatments, focusing on the individual needs and preferences of patients. This trend is being driven by the increasing awareness among patients about their rights and the availability of information about fertility treatments.

Segmentation Analysis:

The global Fertility Tech Solutions Market segmentation includes:

By Solutions: Fertility Tracking Platforms, Wearable Devices, Diagnosis Tools, Others.

The fertility tech solutions market offers various solutions, including fertility tracking platforms, wearable devices, diagnosis tools, and others. Among these, fertility tracking platforms are the largest segment in terms of market share. These platforms enable individuals to track their menstrual cycles, ovulation, and other fertility-related data using mobile applications. They also provide personalized insights and recommendations to users based on their data. The increasing adoption of mobile devices and the rising awareness about fertility tracking are driving the growth of this segment.

Furthermore, fertility tracking platforms are expected to be the fastest-growing segment during the forecast period. The rising prevalence of lifestyle diseases and environmental factors contributing to infertility are driving the demand for fertility tracking platforms. These platforms enable individuals to monitor their fertility health proactively and take necessary steps to improve it. Moreover, the integration of advanced technologies such as AI and ML is enhancing the accuracy and effectiveness of these platforms, further driving their adoption.

By Gender: Male, Female.

The female segment is the largest in terms of market share. The rising incidence of female infertility, driven by factors such as age, lifestyle diseases, and environmental factors, is driving the demand for fertility tech solutions among women. Additionally, the increasing awareness about the importance of fertility health and the availability of advanced fertility treatments are contributing to the growth of this segment.

However, the male segment is expected to be the fastest-growing segment during the forecast period. The rising awareness about male infertility and the availability of advanced diagnostic tools and treatments are driving the growth of this segment. Moreover, the increasing prevalence of lifestyle diseases such as diabetes and obesity among men is contributing to the rising incidence of male infertility. This, in turn, is driving the demand for male fertility tech solutions.

By End-Use: Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes.

The fertility tech solutions market can be segmented by end-use into fertility clinics, hospitals, surgical centers, and clinical research institutes. Among these, fertility clinics are the largest segment in terms of market share. Fertility clinics offer a wide range of fertility treatments, including in-vitro fertilization (IVF), intrauterine insemination (IUI), and others. The increasing prevalence of infertility and the availability of advanced fertility treatments are driving the growth of this segment. Additionally, the rising awareness about fertility health and the availability of personalized and patient-centric fertility treatments are contributing to the growth of fertility clinics.

However, the hospital segment is expected to be the fastest-growing segment during the forecast period. The increasing adoption of digital technologies and the integration of advanced diagnostic tools and treatments are driving the growth of this segment. Moreover, the rising prevalence of lifestyle diseases such as diabetes and obesity is contributing to the rising incidence of infertility among individuals. This, in turn, is driving the demand for advanced fertility treatments in hospitals.

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Regional Analysis:

North America is the largest segment in terms of market share. The increasing prevalence of lifestyle diseases, rising age at first birth, and the availability of advanced fertility treatments are driving the growth of the fertility tech solutions market in North America. Additionally, the rising awareness about fertility health and the availability of personalized and patient-centric fertility treatments are contributing to the growth of this market in the region.

However, the Asia-Pacific region is expected to be the fastest-growing segment during the forecast period. The rising incidence of infertility, increasing awareness about fertility health, and the availability of advanced fertility treatments are driving the growth of the fertility tech solutions market in the region. Moreover, the growing focus on patient-centricity and the adoption of digital technologies are enhancing the accuracy and effectiveness of fertility treatments in the region.

Latest Industry Developments:

• In March 2021, Prelude Fertility acquired two fertility technology companies, Fertility Authority and IVF Options, to enhance Prelude's digital platform and provide patients with personalized fertility care.

• In October 2020, Ferring Pharmaceuticals launched a new mobile application called MyFertility Compass. The application enables individuals to track their menstrual cycles, ovulation, and other fertility-related data, and provides personalized insights and recommendations based on their data.

• In September 2020, Merck announced the launch of its fertility testing platform called FertiQoL. The platform aims to help clinicians assess the quality of life of individuals undergoing fertility treatments and develop personalized treatment plans.

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Virtue Market Research is a strategic management firm helping companies to tackle most of their strategic issues and make informed decisions for their future growth. We offer syndicated reports and consulting services. Our reports are designed to provide insights on the constant flux in the global demand-supply gap of markets.

This release was published on openPR.