Press release
Fertility Drugs Market Size Projected To Reach $4.39 Billion By 2034 With A Cagr Of 6.9%
Fertility Drugs
What Is the Projected Growth of the Fertility Drugs Market?
The fertility drugs market has grown significantly in recent years. It is expected to expand from $3.13 billion in 2024 to $3.36 billion in 2025, at a compound annual growth rate (CAGR) of 7.3%. The growth is attributed to rising infertility rates, advancements in reproductive medicine, assisted reproductive technologies (ART), and delayed childbearing.
The fertility drugs market is forecasted to witness robust growth, reaching $4.39 billion by 2029 with a compound annual growth rate (CAGR) of 6.9%. Contributing factors include an aging demographic, evolving lifestyles, advancements in assisted reproductive technologies (ART), and growth in personalized medicine. Key trends include development in ART, hormone-based treatments, and medications that stimulate ovulation.
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What Are the Different Fertility Drugs Market Segments?
The fertility drugs market covered in this report is segmented -
1) By Type Of Drug: Prescription Fertility Drugs, Over-The-Counter Fertility drugs
2) By Route of Administration: Oral, Intravenous, Subcutaneous, Intramuscular
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Subsegments:
1) By Prescription Fertility Drugs: Gonadotropins, Clomiphene Citrate, Letrozole, GnRH Agonists, GnRH Antagonists, Progesterone
2) By Over-The-Counter Fertility Drugs: Ovulation Predictor Kits, Fertility Supplements, Fertility Monitors
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What Are the Primary Drivers Shaping the Fertility Drugs Market?
The demand for fertility drugs is rising due to the increasing prevalence of infertility. Infertility, which is the inability to conceive after a year of trying, is on the rise because of physiological, hormonal, and lifestyle factors. The Office for National Statistics reported in February 2024 that the fertility rate in the UK declined to 1.49 children per woman in 2022 from 1.55 in 2021. This increasing infertility rate is driving the growth of the fertility drug market.
Which Companies Are Leading in the Fertility Drugs Market?
Major companies operating in the fertility drugs market include Merck & Co., Ferring Pharmaceuticals Inc., Bayer AG, Berlex Laboratories Inc., Janssen Pharmaceutical Inc., Pfizer Inc., Novartis AG, Procter & Gamble Health Limited, Zydus Lifesciences Limited, Livzon Pharmaceutical Group Inc., Abbott Laboratories, Sanofi S.A., Eli Lilly and Company, Serono Inc., Novagen HealTH*Care Pvt. Ltd., Takeda Pharmaceutical Co. Ltd., AstraZeneca plc, Aurobindo Pharma Ltd., Schering-Plough Corporation, Regeneron Pharmaceuticals Inc., F. Hoffmann-La Roche AG, Vitrolife, Cook Medical, Organon Group, The Cooper Companies Inc., Irvine Scientific, Genea Biomedx, Mankind Pharma
What Trends Are Expected to Dominate the Fertility Drugs Market in the Next 5 Years?
Companies in the fertility drugs market are focusing on creating innovative treatments, such as peptide-based injectable options, to improve reproductive health outcomes. These injectables use synthetic or natural peptides to regulate hormone activity, particularly for fertility. For example, in February 2024, Lupin Limited launched a ganirelix acetate injection in the US, which is used in assisted reproductive technology to prevent premature ovulation in women undergoing in vitro fertilization (IVF). This launch demonstrates Lupin's commitment to expanding its presence in reproductive health.
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What Are the Top Revenue-Generating Geographies in the Fertility Drugs Market?
The countries covered in the fertility drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fertility Drugs Market?
2. What is the CAGR expected in the Fertility Drugs Market?
3. What Are the Key Innovations Transforming the Fertility Drugs Industry?
4. Which Region Is Leading the Fertility Drugs Market?
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