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Report updated on 11th September, 2021: Global Infertility Devices Market 2021 (Includes Business Impact of COVID-19)Global Infertility Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global infertility devices market report has been segmented on the basis of product type, procedure, end user, and region. Request Covid - 19 Impact The global Infertility Devices market size was valued at USD$600.60 billion in 2020 and is projected to reach USD$926.59 billion by 2030, and is anticipated to expand at a CAGR of 6.40% over the forecast period from 2020 to 2030.
Global Infertility Devices Market: OverviewVarious types of treatment options are available for individuals suffering from infertility. These include artificial insemination procedures such as intrauterine insemination (IUI) and assisted reproductive technology (ART) procedures, including in vitro fertilization and intracytoplasmic sperm injection. IVF is the most common technique to treat infertility.
Global Infertility Devices Market: DynamicsIncreasing number of new product launches in order to treat infertility efficiently is a major factor expected to drive growth of the global market over the forecast period. In addition, rising government funding programs for infertility is another factor expected to further fuel growth of the target market over the forecast period. Moreover, increasing (FDA) approvals for new Over-The-Counter (OTC) devices which can help individuals to conceive children is another factor expected to boost growth of the target market over the forecast period. Furthermore, technological advancements and new product launches by various companies are some other factors expected to propel growth of the global market over the forecast period. For instance, in February 2019, Merck Group launched two devices -Geri and Gavi, as well as Gems (a media to improve IVF) -a complete culture medium suite in India to help to treat infertility. However, high cost of infertility treatments is a key factor expected to restrain growth of the target market over the forecast period. Ongoing trend observed in the target market is increasing OTC ovulation and male fertility testing kits, this trend is expected to support growth of the global market over the forecast period. Rising manufacturers focus on strategic merger and acquisition activities in order to strengthen their product portfolio and enhance t heir distribution network. For instance, in 2018, Cooper Companies, Inc. acquired The LifeGlobal Group and its affiliates of in-vitro fertilization (IVF) devices through its subsidiary Cooper Surgical in order to strengthen and improve its fertility business. In addition, rising investment for research and development activities to develop technological advanced products is another factor expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Global Infertility Devices Market: Segment AnalysisAmong product type segments, the equipment segment is expected to dominate in the target market over the forecast period, owing to technological advancements by various companies in this segment. Among the procedure segments, the assisted reproductive technology segment is expected to register significant growth over the forecast period. Among the end user segments, the fertility centers segment is expected to register significant growth over the forecast period.
Global Infertility Devices Market: Regional AnalysisThe market in North America is expected to dominate in the global infertility devices market in terms of revenue over the forecast period, owing to rising obesity, increasing awareness among people toward fertility testing, and increasing prevalence of infertility across various countries in this region. The market in Asia Pacific is expected to register significant growth in the global market over the forecast period, owing to increasing prevalence of infertility rates across Asian population.
Global Infertility Devices Market Segmentation:Segmentation by product type:
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Infertility Devices Market Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2016 - 2027 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis | read more...