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Fertility Treatments Market Analysis 2023-2032: Global Trends, Industry Insights, International Expansion And Major Players | Apollo Hospitals Enterprise Ltd., Care Fertility Group, Genea Limited, The Johns Hopkins Health System Corp., Medicover Group
Fertility Treatments Market
The Business Research Company's Template Global Market Report 2023 identifies the growth in the median age of first-time motherhoodas the major driver for the Fertility Treatments Market's growth in the forecast period. The median age of first-time motherhood has increased all over the globe due to late marriages, contraceptive techniques, and an increase in the number of women who prioritize their careers over starting a family. In 2020, the average age of first-time mothers in America has risen from 21 to 26. Women in other developed countries are also deferring, with the typical first birth occurring at the age of 31 for new mothers. In this scenario, a growing number of women are opting for IVF treatments, which is expected to drive this market.
The global fertility treatments market grew from $15.26 billion in 2022 to $16.48 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The fertility treatments market is expected to grow from $22.77 billion in 2027 at a CAGR of 8.4%.
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Major competitors in the fertility treatments market are Apollo Hospitals Enterprise Ltd., Care Fertility Group, Genea Limited, The Johns Hopkins Health System Corp., Medicover Group, Monash IVF Group, Progyny Inc., Vitrolife, Carolinas Fertility Institute, OvaScience Inc., Xytex Cryo International, Merck KGaA, Cook Medical, CooperSurgical Inc., Instituto Bernabeu, INVO Bioscience, The Cooper Companies Inc., Virtus Health, CryoChoice LLC., Millendo Therapeutics Inc., FUJIFILM Irvine Scientific, LABOTECT GMBH, Fertility Focus, Olympus Corporation, Irvine Scientific sales Company Inc., and Ferring Pharmaceuticals.
A key trend in the Fertility Treatments Market includes Development of new techniques. INVOcell is an IVF alternative that uses the woman's body to support fertilization, thus eliminating the cost of a laboratory incubator. The INVOcell device is placed with the eggs and sperm in the vaginal cavity, allowing for the stability of the natural environment, pH, and gas to help in fertilization. INVOcell, which is made in Medford, Massachusetts by INVO Bioscience, costs around $6,800 including medication. Although IVF generated more quality embryos, the birth rates between IVF and INVOcell are similar. According to the journal of assisted reproduction and genetics, 12 out of 20 women gave birth to 15 babies in IVF including three sets of twins and 11 out of 20 women gave birth to 16 babies in INVOcell group including five sets of twins.
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The Fertility Treatments Market is segmented -
By Product: Reagents, Equipment
By End-User: Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes
By Patient Type: Female, Male
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Fertility Treatments Market.
The Business Research Company's "Global Fertility Treatments Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Fertility Treatments Market Include:
1. Executive Summary
2. Fertility Treatments Market Characteristics
3. Fertility Treatments Market Trends And Strategies
4. Fertility Treatments Market - Macro Economic Scenario
5. Fertility Treatments Market Size And Growth
……
26. Africa Fertility Treatments Market
27. Fertility Treatments Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fertility Treatments Market
29. Fertility Treatments Market Future Outlook and Potential Analysis
30. Appendix
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