Sep 01, 2021/IndustryNewsGlobal/The unexpected shifts in the global markets because of the sudden outbreak ofthe COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Infertility Services Market.
It was estimated prior to thisunanticipated outbreak that the InfertilityServices Market was expected to grow at a CAGR of 8.5% during the forecast period. However, the radualslowing down of industries will undoubtedly impose limits on the reviouslyestimated growth rate.
The declining fertility rate is one of the key drivers ofthe infertility services market rowth. Also, the growing number of fertilityclinics across the globe, rising public-private nvestments, funds, and grants; and technological advancements are other factors that augment the infertility services industry. Moreover, the rise in the prevalence of delayed pregnancies and growth in infertility rates further boost the market expansion. However, the expensive procedural cost of ART procedures is likely to hinder the industry growth.
By patient type, the global infertility services market hasbeen bifurcated into females and males. Under these, the female segment heldthe 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.
By region, the North America market held the largest marketshare in 2020 and is likely to register a steady CAGR in the coming years. Thisis 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.
Key Players:
- Key players operating in the global Infertility Services marketare-
- Cook Group Incorporated (The U.S),
- Esco Micro Pte. Ltd. (Singapore),
- Genea Limited (Australia),
- Hamilton Throne, Ltd. (The U.S),
- Ihmedical A/S (Denmark),
- Irvine Scientific (The U.S),
- IVFTech Aps (Denmark),
- Kitazato Corporation (Japan),
- Medgyn Products, Inc. (The U.S), and
- Rocket Medical PLC (UK).
Features of the Report
This reportoffers high-quality insights and is the outcome of detailed researchmethodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Infertility Services analysis reportdiscusses the following heads in great detail:
- Marketstructure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19Impact Assessment
- Marketenvironment analysis: Growth drivers and constraints, Porter’s five forcesanalysis, SWOT analysis
- Markettrend and forecast analysis
- Marketsegment trend and forecast
- Competitivelandscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractivemarket segments and associated growth opportunities
- Emergingtrends
- Strategicgrowth opportunities for the existing and new players
- Key successfactors
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