Fertility Services Market Set to Surge to $90.79 Billion by 2031 at a 16.1% CAGR

As of 2021, the fertility services market was valued at $21.14 billion and is projected to reach $90.79 billion by 2031, registering a CAGR of 16.1% during this period. The global fertility services market has witnessed significant growth in recent years, driven by various factors contributing to the increasing demand for assisted reproductive technologies (ART).

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Fertility Services Market Growth Factors

Several key factors are propelling the expansion of the fertility services market:

1. Rising Prevalence of Infertility: There is an increasing prevalence of infertility among both men and women globally. In men, factors such as abnormal sperm production or function, issues with sperm delivery, and environmental influences like exposure to pesticides and radiation contribute to infertility. In women, causes include ovulation disorders, uterine or cervical abnormalities, fallopian tube damage or blockage, endometriosis, and primary ovarian insufficiency.

2. Delayed Pregnancies: A growing trend of delayed pregnancies among women has been observed, often due to personal or professional reasons. This delay can lead to age-related fertility decline, thereby increasing the demand for fertility services.

3. Technological Advancements in ART: Continuous technological advancements in assisted reproductive technologies have improved success rates and outcomes, making fertility treatments more effective and accessible. Innovations such as intracytoplasmic sperm injection (ICSI) have enhanced the efficacy of treatments like in vitro fertilization (IVF).

4. Increase in Male Infertility: Lifestyle factors, environmental exposures, and health conditions have contributed to a rise in male infertility cases, further driving the demand for fertility services.

5. Growing Acceptance of Gamete Donations: There is an increased acceptance and utilization of gamete (sperm and egg) donations, providing more options for individuals and couples seeking fertility treatments.

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Fertility Services Market Segmentation

The fertility services market is segmented based on procedure, service, end user, and region.

- By Procedure:
- IVF with ICSI: This segment dominated the market in 2021 and is expected to continue its lead during the forecast period. The dominance is attributed to the high success rate of IVF with ICSI, increased adoption by professionals, and a rise in product launches utilizing this technology.
- IUI (Intrauterine Insemination)
- IVF without ICSI
- Surrogacy
- Others

- By Service:
- Fresh Non-Donor: This segment held the largest share in 2021, driven by the prevalence of infertility, particularly among the male population due to unhealthy lifestyles, and technological advancements in fertility services.
- Frozen Non-Donor
- Egg & Embryo Banking
- Fresh Donor
- Frozen Donor

- By End User:
- Fertility Clinics: Fertility clinics dominated the market in 2021 and are anticipated to maintain this trend, owing to an increase in licensed clinics, a growing number of professionals specializing in infertility treatments, and rising disposable incomes in developing countries.
- Hospitals
- Surgical Centers
- Clinical Research Institutes

- By Region:
- North America: Held a dominant position in 2021, attributed to a rise in infertility prevalence, product launches, and technological advancements. The region benefits from a high presence of market players and increased adoption of fertility services.
- Europe
- Asia-Pacific: Expected to experience significant growth due to increased government expenditure in healthcare, a rise in polycystic ovarian syndrome (PCOS) cases, and a growing number of key players in the market.
- LAMEA (Latin America, Middle East, and Africa)

Key Players in the Fertility Services Market

The fertility services market comprises several key players contributing to its growth and development. Notable companies include:

- Virtus Health
- Monash IVF Group
- Genea Biomedx
- Cooper Surgical
- City Fertility

These organizations are actively involved in advancing fertility treatments through research, technological innovations, and strategic collaborations.

The fertility services market is poised for substantial growth, driven by factors such as the rising prevalence of infertility, delayed pregnancies, technological advancements, and increased acceptance of fertility treatments. With continuous innovations and expanding access to services, the market is expected to provide enhanced solutions for individuals and couples seeking assistance in conception.

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