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Infertility Treatment Market Trends 2023, Leading Players, Business Updates, Future Growth And Forecast By 2032 || The Cooper Companies Inc., Cook Group, Vitrolife AB, Thermo Fisher Scientific Inc
Infertility Treatment Market
The Business Research Company's Infertility Treatment Global Market Report 2023 identifies the decline in the global fertility rate as the major driver for the infertility treatment market's growth in the forecast period. The fertility rate at a given age is defined as the number of children born alive to women of that age during the year expressed as a percentage of the average annual population of women of that age. The fertility rate worldwide is declining steadily owing to various factors, such as the growing trend of late marriages and increasing age-related infertility. This declining fertility rate has led to a significant increase in the demand for infertility treatment products that determine the fertility window in males and females.
The global infertility treatment market size is expected to grow from $1.52 billion in 2022 to $1.67 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. 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 infertility treatment market size is expected to grow to $2.3 billion in 2027 at a CAGR of 8.3%.
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Major competitors in the infertility treatment market are The Cooper Companies Inc., Cook Group, Vitrolife AB, Thermo Fisher Scientific Inc., Esco Micro Pte. Ltd., Genea Biomedx, IVFtech ApS, FUJIFILM Irvine Scientific, The Baker Company Inc., Kitazato Corporation, Rocket Medical plc, IHMedical A/S, Hamilton Thorne Ltd.
A key trend in the Infertility Treatment market includes technology innovation. Major companies operating in the infertility treatment market are focused on developing new technological solutions to strengthen their position. For instance, in August 2021, Merck Specialties Pvt. Ltd., an India-based pharmaceutical and chemical products company, launched Pergoveris Pen in India for assisted reproductive technology use. The product is a ready-to-use device that contains both recombinant luteinizing hormone and recombinant follicle-stimulating hormone, and it must be used as directed by an expert in in vitro fertilisation
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The infertility treatment market is segmented -
• By Product: Equipment, Media and Consumables, Accessories
• By Procedure: Assisted Reproductive Technology, Artificial Insemination, Fertility Surgeries, Other Infertility Treatment Procedures
• By Drugs: Clomiphene Citrate, Letrozole, Serophene, Hormone Treatment, Other Drugs
• By Patient Type: Female Infertility Treatment, Male Infertility Treatment
• By End User: Hospitals and Surgical Clinics, Cryobanks, Research Institutes
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the infertility treatment market.
The Business Research Company's "Global Infertility Treatment 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 Infertility Treatment Market Include:
1. Executive Summary
2. Infertility Treatment Market Characteristics
3. Infertility Treatment Market Trends And Strategies
4. Infertility Treatment Market - Macro Economic Scenario
5. Infertility Treatment Market Size And Growth
……………
27. Infertility Treatment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Infertility Treatment Market
29. Infertility Treatment Market Future Outlook And Potential Analysis
30. Appendix
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