Industry Outlook and Trend Analysis
The Infertility Treatment Market was worth USD 0.78 billion in the year of 2014 and is expected to reach approximately USD 1.93 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 10.63% during the forecast period. Factors, for example, funds ad grants; continuous decline in fertility rates, developing awareness of the public about infertility and the accessible treatment alternatives; the rising number of fertility clinics around the world; and mechanical progressions in infertility treatment are the significant drivers for the development of the market of infertility treatment. However, the high procedural cost of helped conceptive systems in developed markets and unsupportive government controls for certain infertility treatment alternatives are relied upon to constrain market development to a specific degree.
Procedure Outlook and Trend Analysis
On the basis of procedure, the infertility treatment market is sectioned into artificial insemination (AI), fertility surgeries, assisted reproductive technology (ART), and different procedures (embryo freezing, egg freezing, and sperm freezing). The ART portion represented the biggest offer of the infertility treatment market in 2016 on the basis of procedure attributable to growing adoption of procedures like surrogacy by same-sex couples, increasing infertility and rising prevalence of lifestyle issues, the high success rate of ART procedures, and technological innovations in the field of IVF. The ART market is further sub segmented into surrogacy, and in vitro fertilization (IVF). The IVF fragment holds the biggest share in the ART market. The vast offer of the IVF portion can be credited to the high achievement rate related with the methodology and developing awareness and social acknowledgment of this strategy.
Product Outlook and Trend Analysis
In terms of product, the infertility treatment market is divided into media & consumables, accessories, and instruments. In 2016 the instruments fragment represented the biggest share of the market. The instruments fragment is further sub sectioned into eight products, incubators, imaging & laser systems, workstations, ovum aspiration pumps, sperm analyzers, gas analyzers and micromanipulator systems. The imaging systems product section held the biggest share of the instruments market in 2016, attributable to components, for example, expanding usage of imaging systems in infertility treatment procedures and mechanical progressions by enter players in imaging modalities.
Patient Type Outlook and Trend Analysis
On the basis of patient type, the infertility treatment market is portioned into female patients and male patients. In 2016, the female patients fragment represented the biggest share of the market, principally because of the diminishing female fertility rates and the accessibility of an extensive variety of treatment alternatives.
End User Outlook and Trend Analysis
On the basis of end user, the infertility treatment market is segmented into fertility centers, research institutes, hospitals & clinics, and cryobanks. Rising rate of infertility and other lifestyle disorders has prompted increased adoption of infertility treatment in various end user sectors thereby boosting the development of the market.
Regional Outlook and Trend Analysis
Geographically, the market is segmented into Asia Pacific, North America, Europe and Rest of the world. In 2016 North America held the biggest offer of the market, trailed by Asia-Pacific and Europe. The Asia-Pacific district is foreseen to develop at a significant CAGR amid the figure time frame. This development can be credited to elements, for example, reductions in treatment prices, increasing medical tourism, increasing population, growing healthcare expenditure.
The leading players in the market are Irvine Scientific, Esco Micro Pte. Ltd, IVFtech ApS, The Baker Company Inc, Thermo Fisher Scientific Inc, Vitrolife AB, Cook Group Incorporated and Genea Limited. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Infertility Treatment Market is segmented as follows-
Assisted Reproductive Technology (ART)
In-vitro Fertilization (IVF)
Other Procedures (Sperm Freezing, Egg Freezing, and Embryo Freezing)
Media & Consumables
By Patient Type
By End User
Hospitals and Clinics
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?