Infertility Treatment Market – Industry Trends
Definition: Global Infertility Treatment
Infertility can be defined as a condition where either male or female or both are not able to produce germ cells due to various factors including low sperm motility in males and ovulation problems in females.
Various types of treatment such as Assisted Reproductive Technology (ART), DNA fragmentation, surrogacy, in-vitro diagnosis, Zygote Intrafallopian Transfer (ZIFT) help these couples to conceive.
According to World Health Organization, prevalence values are 2.5 times larger in a two year time frame in women and there is no significant decrease in past 20 years.
The burden in men is unknown. This burden could have been avoided with the availability of proper medical equipment and devices for healthcare procedures.
This significant number is expected to act as a driver to the market growth.
Market Analysis: Global Infertility Treatment
Global Infertility Treatment Market is expected to rise gradually to an estimated value of USD 2.90 billion by 2026, registering a CAGR of 8.6% in the forecast period of 2019-2026 with the annual sales of USD 1.5 billion in 2018.
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Market Drivers
- Increase in the number of fertility clinics all over the world.
- Technological advancements like use of time lapse technology and infertility treatment devices will boost the growth of the market.
Market Restraints
- High procedural cost of assisted reproductive techniques
- Lack of skilled staff will act as a restraint.
- Stringent government regulations will restrain the growth of the market.
Segmentation: Global Infertility Treatment
- By Procedure
- By Product
- By End User
- By Geography
Competitive Analysis:
- new product launches
- expansions
- agreements
- joint ventures
- partnerships
- acquisitions
- and others to increase their footprints in this market.
The report includes market shares of infertility treatment market for
- Global
- Europe
- North America
- Asia-Pacific
- South America
- Middle East & Africa.
Key Market Competitors:
- The Cooper Companies Inc. (US)
- Cook Group (US)
- Vitrolife (Sweden)
- Thermo Fisher Scientific
- Inc. (US) Esco Micro Pte. Ltd. (Singapore)
- Genea Limited (Australia)
- IVFtech ApS (Denmark)
- Irvine Scientific (US)
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