The report of global Fertility Services market by Procedure (IVF with ICSI, IUI, IVF without ICSI, Surrogacy, Others), Service (Fresh Non-donor, Frozen Non-donor, Egg & Embryo Banking, Fresh Donor, Frozen Donor), End User (Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes), and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of 9% during a forecast period.
Fertility services are procedures or treatments used to cure genetic & fertility issues and help with conception. The global Fertility Services market is driven by the continuous declining fertility rates and rising number of fertility clinics worldwide. However, the high treatment cost of assisted reproductive techniques in developed countries and unsupportive government regulations are restraining the market growth at the global level. Improving healthcare infrastructure and increasing medical tourism due to low treatment costs are expected to create beneficial opportunities for the key player in the market during the forecast period. Concerns related to art procedures are the major challenge for the Fertility Services market in the near future.
Hospital segment is expected to grow at the highest XX% CAGR during the forecast period.
In 2019, the fertility clinics segment has dominate the Fertility Services market and is estimated to grow at a CAGR of XX% during the forecast period due to the constant rise in the number of fertility clinics, the high success rate of fertility treatment in clinics because of the adoption of advanced technology, tie-ups of clinics with consultants, and rising fertility tourism. But, the hospital segment is expected to witness a growth rate of XX% during the forecast period owing to advanced procedures and equipment, availability of expert doctors, and ongoing research in hospitals for improving the success rate of the ART treatment.
The Europe dominated the fertility services market in 2019
In 2019, Europe held the XX% share of the fertility services market and is expected to maintain its dominance during the forecast period thanks to the lower fertility rate and growth in the median age of motherhood in the region. North America held the second-largest market share of XX% in 2019 and is expected to grow at the CAGR of XX% forecast period owing to the declining fertility rates, increase in healthcare expenditure, and presence of major players in this region. In terms of both value and volume, the Asia Pacific region will record a significant CAGR of XX% during the forecasted period due to the decreasing fertility rates in the region. The delay in pregnancy in women suffering from gynecological conditions is also positively affecting market growth.
Also, the high adoption rate of IVF treatment will impel the market growth in the region.
Key players operating the global Fertility Services market are Apollo Hospitals Enterprise Ltd., Care Fertility Group, Carolinas Fertility Institute, Genea Limited, The Johns Hopkins Health System Corp, Medicover Group, Monash IVF Group, OvaScience Inc., Progyny Inc., Xytex Cryo International, Irvine Scientific, INVO Bioscience,LifeGlobal Group, IVFtech ApS., Merck KGaA, CooperSurgical, Inc., Care Fertility, Ferring B.V., and Vitrolife.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Fertility Services Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Fertility Services Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Fertility Services Market positioning of competitors.
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