Fertility Services Market Growth Factors, Size, Industry, Future Demands 2030
The global fertility services market size is expected to be worth around US$ 25,720.9 million by 2030, according to a new report by Vision Research Reports.
The global fertility services market size was valued at US$ 20,400.61 million in 2020 and is anticipated to grow at a CAGR of 17.8% during forecast period 2021 to 2030.
Treatments or procedures that aid in conception and the treatment of genetic and fertility abnormalities are referred to as reproductive services. Single parents, infertile couples, and members of the Lesbian, Gay, Bisexual, and Transgender (LGBT) community can use Assisted Reproductive Technology (ART) procedures and medications to start a family.
Report Coverage
| Report Scope | Details |
| Market Size | USD 25,720.9 million by 2030 |
| Growth Rate | CAGR of 17.8% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | End User, Service, Procedure |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | APOLLO HOSPITALS ENTERPRISE LTD., CARE FERTILITY GROUP LTD., CAROLINAS FERTILITY INSTITUTE, CITY FERTILITY, FERTILITY ASSOCIATES LIMITED, GENEA LIMITED, MEDICOVER GROUP (MEDICOVER FERTILITY and FIRST EGG BANK), MONASH IVF GROUP LIMITED, PROGYNY INC., VIRTUS HEALTH |
Growth Factors
Fertility services are treatments or procedures used to cure genetic and fertility issues and help with conception. These services include Assisted Reproductive Technology (ART) methods and drugs that help single parents, infertile couples, and the Lesbian, Gay, Bisexual, and Transgender (LGBT) community in planning a family.
Increase in the rate of infertility has occurred majorly due to factors such as increase in the consumption of alcohol and drugs, increased stress level, frequent smoking, obesity, and environmental factors. As per a study by the American Society for Reproductive medicines, in approximately 42% of infertile couples, the male partner is responsible for infertility and among them, approximately 86%-92% are treated with drugs or surgery. This is anticipated to drive the fertility services market growth.
Fertility services have seen rapid expansion in recent years as a result of late marriages, newer contraceptive techniques, and an increasing number of women choosing their jobs above establishing a kid, resulting in an increase in the median age of first-time parenthood.
several significant market companies are interested in the development of innovative equipment for fertility treatments, which adds to the market's growth. Additionally, increased health knowledge about reproduction concerns, the availability of fertility therapies, an increase in disposable income, and advantageous reimbursement regulations all contribute to market expansion.
Key Players
Market Segmentation
The Fertility Services market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Fertility Services market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Fertility Services market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Fertility Services market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Fertility Services market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Fertility Services capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Fertility Services by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Fertility Services market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Fertility Services market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Fertility Services market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Fertility Services industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Fertility Services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Fertility Services market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Fertility Services market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Fertility Services market. These factors have benefited the growth of the global market for Fertility Services. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Fertility Services. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Fertility Services are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers