Global Infertility Treatment Market 2019 Analysis: Cook Group, Vitrolife, Thermo Fisher Scientific, Inc., Esco Micro Pte. Ltd., Genea Limited, IVFtech ApS
Global Infertility Treatment Market By Procedure {ART, Artificial Insemination, IVF, Surrogacy, Fertility Surgery (Laparoscopy, Hysteroscopy)}, Product {Instruments (Microscopes, Imaging Systems, Sperm Analyzer Systems), Media, Accessories}, Patient Type (Male, Female), End User (Fertility Clinics, Hospitals, Cryobanks), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Global Infertility Treatment Market is expected to rise gradually to an estimated value of USD 2.90 billion by 2026, registering a CAGR of 8.6% in the forecast period of 2019-2026 with the annual sales of USD 1.5 billion in 2018.
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Some of the major competitors currently working in the infertility treatment market are The Cooper Companies Inc. (US), Cook Group (US), Vitrolife (Sweden), Thermo Fisher Scientific, Inc. (US) Esco Micro Pte. Ltd. (Singapore), Genea Limited (Australia), IVFtech ApS (Denmark), Irvine Scientific (US), Baker. (US) KITAZATO CORPORATION. (Japan), Hamilton Thorne, Inc. (US), LABOTECT GMBH (Germany), SOMATEX Medical Technologies GmbH (Germany), INVO Bioscience (US), Nikon Instruments Inc. (Japan), AbbVie Inc. (US), Ferring B.V. (Switzerland), Merck KGaA (Germany) and few among others.
Infertility can be defined as a condition where either male or female or both are not able to produce germ cells due to various factors including low sperm motility in males and ovulation problems in females. Various types of treatment such as Assisted Reproductive Technology (ART), DNA fragmentation, surrogacy, in-vitro diagnosis, Zygote Intrafallopian Transfer (ZIFT) help these couples to conceive.
According to World Health Organization, prevalence values are 2.5 times larger in a two year time frame in women and there is no significant decrease in past 20 years. The burden in men is unknown. This burden could have been avoided with the availability of proper medical equipment and devices for healthcare procedures. This significant number is expected to act as a driver to the market growth.
Market Drivers
- Increase in the number of fertility clinics all over the world.
- Technological advancements like use of time lapse technology and infertility treatment devices will boost the growth of the market.
Market Restraints
- High procedural cost of assisted reproductive techniques
- Lack of skilled staff will act as a restraint.
- Stringent government regulations will restrain the growth of the market.
Segmentation: Global Infertility Treatment Market
- By Procedure
- ART
- Artificial Insemination
- IVF
- Surrogacy
- Fertility Surgery
- Laparoscopy
- Hysteroscopy
- Myomectomy
- Laparotomy
- Tubal Ligation Reversal
- Varicocelectomy
- Microsurgical Reconstruction
- Vasovasostomy
- Vasoepididymostomy
- By Product
- Instruments
- Microscopes
- Imaging Systems
- Sperm Analyzer Systems
- Ovum Aspiration Pumps
- Micromanipulators Systems
- Incubators
- Gas Analyzers
- Laser Systems
- Cryosystems
- Media
- Accessories
- Instruments
- By End User
- Fertility Clinics
- Hospitals
- Cryobanks
- By Geography
- North America
- US.
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Switzerland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- South Korea
- India
- Australia
- Singapore
- Thailand
- Malaysia
- Indonesia
- Philippines
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Egypt
- Saudi Arabia
- United Arab Emirates
- Israel
- Rest of Middle East & Africa
- North America
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Key Developments in the Market:
- In 15th march 2019, Vitrolife, market leader of time-lapse systems for use in assisted reproduction, launched EmbryoScope+ launched in the Chinese market which is world’s largest market in terms of IVF treatments.
- In 18th march 2018, Genea, leading fertility group, opened a fertility clinic in Melbourne which will help the company to expand.
Competitive Analysis:
Global infertility treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of infertility treatment market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
- Current and future of global infertility treatment market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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