Fertility Services Market 2023 - By Size, Share Analysis, Growth Trends And Forecasts To 2032

As per The Business Research Company's Fertility Services Opportunities And Strategies Market Report 2023, The global fertility services market reached a value of nearly $47,174.4 million in 2022, having grown at a compound annual growth rate (CAGR) of 8.6% since 2017. The market is expected to grow from $47,174.4 million in 2022 to $90,138.5 million in 2027 at a rate of 13.8%. The market is then expected to grow at a CAGR of 13.1% from 2027 and reach $166,997.0 million in 2032.

Advancements in technology are expected to be a major driver of the fertility services market in the forecast period. Advances in technology for IVF using artificial intelligence (AI) and exploring better-connected services and developing new products are boosting the revenues of the companies in the market. For instance, in October 2022, Alife, a US-based start-up firm launched AI technology to advance IVF (in vitro fertilization) treatment outcomes, and lower costs. The new artificial intelligence software aids fertility clinics in optimizing and helping in clinical decision-making during critical stages of the IVF process. Therefore, technological developments in fertility treatment will contribute to the growth of the market in the forecast period.

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Artificial intelligence (AI) is increasingly being used in intracytoplasmic sperm injection (ICSI) for embryo or spermatozoa selection. Artificial intelligence is machine-based learning which makes use of human intelligence functionalities like reasoning and problem-solving abilities to obtain insights and provide useful information. Intracytoplasmic sperm injection (ICSI) is usually used for couples that are facing serious problems with sperm. AI can help in sperm selection, physiological ICSI (PICSI), intracytoplasmic morphologically selected sperm injection (IMSI), and many more. Much research work is being carried out for this to develop AI-assisted sperm selection for ICSI. Fertility service providers are increasingly integrating artificial intelligence (AI), offering advantages such as identifying ideal embryos for fertility by automating time-consuming activities and picking up the embryo to implant from just a single image. For instance, in October 2022, Alife, a US-based start-up launched AI technology to advance IVF (in vitro fertilization) treatment outcomes and lower costs. The new artificial intelligence software aids fertility clinics in optimizing and helping in clinical decision-making during critical stages of the IVF process.

The top opportunities in the fertility services market segmented by procedure will arise in the assisted reproductive technology (ART) segment, which will gain $32,664.0 million of global annual sales by 2027. The top opportunities in the fertility services market segmented by service will arise in the fresh non-donor segment, which will gain $21,607.5 million of global annual sales by 2027. The top opportunities in the fertility services market segmented by application will arise in the female segment, which will gain $21,567.8 million of global annual sales by 2027. The fertility services market size will gain the most in the USA at $10,826.1 million.

Fertility Services Market Segmentation:
The fertility services market is segmented by procedure, by service and by application.
By Procedure -
a) Assisted Reproductive Technology (ART)
b) In-Vitro Fertilization and Artificial Insemination.

By Service -
a) Fresh Non-Donor
b) Frozen Non-Donor
c) Egg And Embryo Banking
d) Fresh Donor
e) Frozen Donor.

By Application -
a) Male
b) Female.

By Geography -
Western Europe was the largest region in the fertility services market.

Major players in the Fertility Services market include Vitrolife, Merck KGaA, Progyny Inc., Monash IVF Group, Virtus Health

The regions covered in the global Fertility Services market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Fertility Services Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Fertility Services Market Report Table Of Content

1. Executive Summary
2. Table Of Contents

3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction and Market Characteristics
…………………………………….
19. Competitive Landscape And Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Fertility Services Market, Conclusions And Recommendations
23. Appendix

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