Enjoy complimentary customisation on priority with our Enterprise License!
The fertility services market is estimated to grow at a CAGR of 7.68% between 2022 and 2027. The size of the market is forecast to increase by USD 8.3 billion. The growth of the market depends on several factors, including the rising prevalence of late parenthood, the increase in fertility tourism, and the rising number of fertility clinics.
This report extensively covers market segmentation by service (treatment services, testing and storage services, and others), end-user (fertility clinics, hospitals, surgical centers, and clinical research institutes), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, Download Report Sample
Technavio categorizes the global fertility services market as a part of the global specialized consumer services market within the global diversified consumer services market. The parent global specialized consumer services market covers revenue generated by the consumer service providers, including residential services, home security services, legal services, personal services, renovation and fertility services, consumer auction services, wedding services, and funeral services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The rising prevalence of late parenthood interfaces is notably driving the market growth, although factors such as high complication rates in fertility services may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Fertility Services Market Driver
The rising prevalence of late parenthood is the key factor driving the global fertility services market growth. Increased age of parenthood is one of the major factors leading to infertility problems. In fact, it has severely affected European countries and some Asian countries, such as Japan. Moreover, this growing trend of late motherhood is against the natural range of fertile years for women. Women's fertility is expected to be at the highest during their mid-20s. However, it starts to decline in her early 30s and further declines after 35 years.
The rising age also reduces the chances of pregnancy. Late pregnancy can lead to various complications, such as an increased risk of gestational diabetes, high blood pressure, or heavier babies. Thus, the rising prevalence of late parenthood is expected to have a higher need for fertility services such as treatment services (ICSI, zygote intrafallopian transfer, gamete intrafallopian transfer, IVF) as well as testing and storage services among couples and individuals, thus benefiting the market during the forecast period.
Significant Fertility Services Market Trend
The rising number of sperm donors at sperm banks is the primary trend in the global fertility services market growth. There has been a rise in the number of sperm donors in the recent past because of the rise in the number of donors for money. The amount paid to donors is attracting more donors each year. The sperm specimen given by an anonymous donor is used for insemination purposes and injected into the uterus using a syringe to achieve pregnancy. This process can be conducted at hospitals, clinics, and also at home with varying degrees of success.
The rising number of donors at sperm banks gives fertility service providers access to a larger pool of semen samples used for fertility treatment services. As these treatments usually require more than one sample per patient, it provides a larger scope for revenue generation to service providers in the market. Thus, the rise in the number of donors will lead to an increase in the use of fertility services and a number of fertility treatment services such as artificial insemination, gamete intrafallopian transfer, and IVF, thus boosting their sales in the future.
Major Fertility Services Market Challenge
The high complication rate in fertility services is a major challenge to the global fertility services market growth. The fertility treatments can cause various complications, including multiple pregnancies, ovarian hyperstimulation syndrome, internal bleeding or infection, premature delivery, the birth of low-weight babies, and congenital defects. Complications related to male fertility services are rare but can occur in people undergoing surgeries. These complications include infections, bruising, bleeding, and limited efficacy of services.
Allergic reactions to anesthesia are also potential side effects of these fertility treatments. Antibiotics and other medications can cause diarrhea in some people. Gonadotropins may cause hot flushes, breast tenderness, swelling, abdominal pain, bloating, and menopause-type symptoms. These complications of fertility treatment services and medications limit their use and can lead away from the prospective client base due to the fear of side effects or adverse outcomes of procedures. Such factors will hinder market growth during the forecast period.
Key Fertility Services Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Fertility Services Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
apollohospitals.com - The company offers fertility services such as infertility treatment.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the treatment services segment will be significant during the forecast period. The treatment services segment is the highest revenue contributor to the market primarily due to the high cost of services and the prevalence of diseases such as diabetes and obesity in both men and women that adversely impact their fertility and impair the functions of their reproductive organs.
Get a glance at the market contribution of various segments Request a PDF Sample
The treatment services segment was valued at USD 5.83 billion in 2017 and continue to grow by 2021. There is also an increase in awareness among women in semi-urban areas, predominantly in developed countries, thereby leading to the gradual adoption of these treatments. However, the affordability of the procedure is a major impediment in rural areas. Thus, an increase in such initiatives, convenience, improving the education system, and growing disposable incomes are likely to drive the market for treatment services and, in turn, support the growth of the global fertility treatment services market.
For more insights on the market share of various regions Request PDF Sample now!
North America is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market share of North America is high due to the presence of a well-established healthcare system that provides high-quality fertility services, primarily through infertility clinics and hospitals. Rising investment in the healthcare sector in the US also contributes to the high market share. The US is the dominating country in the region and acts as the major revenue generator, followed by Canada. Huge investment in the pharmaceutical industry and the presence of many pharmaceutical giants are major factors backing up the dominance of the US in the region and even globally.
However, by the end of 2020, the COVID-19-related restrictions were relaxed in various countries due to large-scale vaccination drives, which led to the resumption of business activities and essential services, including fertility services. The relaxation of restrictions, in turn, encouraged people to go for health checkups and treatments, which propelled the growth of the regional market in 2021. Hence, the regional fertility services market is expected to witness significant growth during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Service (Treatment services, Testing and storage services, and Others), End-user (Fertility clinics, Hospitals, Surgical centers, and Clinical research institutes), and Geography (North America, Europe, APAC, Middle East and Africa, and South America).
|
Fertility Services Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
168 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7.68% |
|
Market growth 2023-2027 |
USD 8.3 billion |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
6.31 |
|
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
|
Performing market contribution |
North America at 31% |
|
Key countries |
US, China, India, UK, and Germany |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Anecova SA, Apollo Hospitals Enterprise Ltd., CARE Fertility Group Ltd., Carolinas Fertility Institute, Cryolab Ltd., Genea Ltd., Instituto Bernabeu SL, Instituto Valenciano de Infertilidad, Kids Clinic India Private Ltd, Lucile Packard Childrens Hospital, Medicover AB, Merck KGaA, Monash IVF Group, Nova IVF Fertility Private Ltd, The Cooper Companies Inc., The Johns Hopkins Health System Corp., University of Pennsylvania Health System, Virtus Health Ltd, Vitrolife AB, and Xytex Corp. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Get the report (PDF) sent to your email within minutes.
