Stratview Research has published a new report titled “Infertility Services Market” which is segmented by Procedure (Assisted Reproductive Technology [IVF, ICSI, Surrogacy], Artificial Insemination, Fertility Surgery [Laparoscopy, Hysteroscopy, Tubal Ligation Reversal, Others], Others), By Patient Type (Female, Male), By End Use (Fertility Clinics, Hospitals, Cryobanks), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market is likely to witness an impressive CAGR of 8.5% during the forecast period.
Infertility services mainly involve various medical procedures to treat genetic and fertility issues and help with the conception of a baby. These services primarily consist of assisted reproductive technology (ART) methods, which help single parents and couples across the globe. Infertility services also help conceive a baby for infertile couples and the Lesbian, Gay, Bisexual, and Transgender (LGBT) community in planning a family.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It thoroughly analyzes the market segments, including products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Patient Type Trends
The global infertility services market has been bifurcated into females and males.
Under these, the female segment held the highest market share in 2020 and is projected to grow at a healthy CAGR during the assessment period.
Infertility is one of the most common medical conditions diagnosed among women.
Availability of a broad variety of treatment options, rising awareness about infertility treatments, growing female infertility rates, and the increasing number of fertility centers facilitate the growth of this segment.
Which Region is expected to remain the largest market?
The North American market held the largest market share in 2020 and is likely to register a steady CAGR in the coming years.
This is mainly attributed to the increasing adoption rate for IVF treatment, well-established healthcare facilities, late pregnancies, and decreasing fertility rates.
According to the National Center for Health Statistics, the birth rate in the US in 2015 was around 12.5 per 1,000, whereas the fertility rate was 62.5 births per 1,000 women.
Thus, poor infertility rates, drives the regional infertility services growth.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Infertility Services Market:
Infertility services companies
Fertility centers
InVitro fertilization (IVF) distributors
Organizations
Government bodies
Hospitals
Key questions answered by the report.
What is the projected CAGR for revenue from the Infertility Services Market during the forecast period?
What would the market be valued at by 2026?
What is a major driving factor for the growth of the market?
Which region accounted for the largest revenue share in the Infertility Services Market?
Which are the major market players?
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