August 27, 2021
According to the business intelligence report titled ‘Global Infertility Testing and Treatment Market 2021-2028’, available with Market Study Report, global infertility testing and treatment market is projected to expand at 10.15% CAGR between 2021-2028.
Increasing occurrence of lifestyle disorders as well as hormone imbalances due to rising stress levels, and growing trend of delayed marriages & pregnancies are key factors spurring global infertility testing and treatment market outlook. Availability of enhanced treatment options and supportive government policies will facilitate revenue inflow as well.
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While technological developments in time lapse technology and advancements in embryo biopsy & genetic screening will aid towards the overall industry remuneration, factors such as high cost of treatments, and social taboos associated with infertility will act as challenges for business holders in this market.
The report studies the market exhaustively by sub-dividing It into segments. Market share and growth rate estimates of each segment over the analysis period are incorporated as well.
Based on gender type, worldwide infertility testing and treatment industry is divided into male, and female. Speaking of end user spectrum, the business sphere is split into hospitals & research laboratories, fertility & surgical centers, and cryobanks.
From regional frame of reference, Asia Pacific market is slated to expand rapidly between 2021-2028 owing to increasing adoption of fertility procedures and growing trend of fertility tourism. South Korea, India, Singapore, and Thailand are known to provide affordable infertility treatment options while China and Japan are popular for testing which will spur industry growth. Moreover, availability of skilled professionals and increasing healthcare awareness will raise demand for infertility treatments in Asia-Pacific.
Key players shaping global infertility testing and treatment market dynamics are Progyny Inc., Adorefem, Olympus Corporation, Bangkok IVF Center, Labotect GmbH, Cook Medical Incorporated, Vitrolife AB, CooperSurgical Inc., FUJIFILM Irvine Scientific Inc., Create Fertility Centre, Genea Limited, EMD Group (Merck KGaA), Halotech DNA, Endo International plc, and Ferring Pharmaceuticals Inc.
These companies are focusing on strategic decisions such as mergers & acquisitions, product launches, collaborations, partnerships, and investments in R&D activities to enlarge their profit margins and strengthen their foothold in this business domain.