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Fertility Services Market by Service and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR44184
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The fertility services market share is expected to increase by USD 5.27 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.64%.

This fertility services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers fertility services market segmentation by service (treatment services, testing and storage services, and others) and geography (North America, Europe, APAC, MEA, and South America). The fertility services market report also offers information on several market vendors, including Anecova SA, CRITEX GmbH, Esco Micro Pte. Ltd., Instituto Bernabeu SL, INVO Bioscience Inc, Merck KGaA, Monash IVF Group, The Cooper Companies Inc., Virtus Health Ltd., and Vitrolife AB among others.

What will the Fertility Services Market Size be During the Forecast Period?

Fertility Services Market Size

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Fertility Services Market: Key Drivers, Trends, and Challenges

The rising prevalence of late parenthood is notably driving the fertility services market growth, although factors such as the high complication rate in fertility services may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fertility services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Fertility Services Market Driver

The rising prevalence of late parenthood is a major driver fueling the fertility services market growth. actors such as the growing use of various contraceptive technologies, increasing focus on higher education and career, and urbanization have led to the rising median age of first pregnancy, leading to falling fertility rates. Globally, more women are working than ever before; this has also increased the average age of conceiving a child. As per the CDC, in the US, the birth rate for women aged 25-29 declined 2% year over year in 2018, for women aged 30-34, the birth rate increased by 1%, whereas the birth rate increased by 4% for each group of women aged 35-39 and 40-44. 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 more 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 global fertility services market during the forecast period.

Key Fertility Services Market Trend

Rising cases of prostate cancer are a major trend influencing the fertility services market growth. Globally, there is a rise in the number of people with prostate cancer, and it is one of the most common types of cancer among men. For every 100,000 population, 107 new prostate cancer cases were reported, with 19 deaths. Even after efforts from surgeons and oncologists, after the initial treatment, it is difficult for the patient to retain the ability to father children through sexual intercourse. During the process of prostatectomy, the prostate and the nearby seminal vesicles are removed.  Along with the prostate, they provide the semen that carries the sperm through the urethra toward the penis during ejaculation. The loss of semen after the surgery makes ejaculation impossible. Hence, the sperm physically cannot reach the woman's egg for fertilization. After the use of radiation therapy, fertility in men is nearly always impaired. The semen produced by radiated prostate cells and seminal vesicles cannot transport the sperm well. Also, the semen stored in the testicles can be damaged. The semen can be saved for use in fertility treatment services such as artificial insemination and IVF by users at a later stage. The semen samples are collected and stored at sperm banks and can be injected into the fallopian tubes using syringes to achieve pregnancy. As a result, the market for fertility services will continue to grow owing to rising cases of prostate cancer, which necessities the need for sperm storage for later use. Also, the recommendations from doctors will be a crucial factor dictating the market growth during the forecast period.

Key Fertility Services Market Challenge

The high complication rate in fertility services is a major hindrance to the fertility services market growth. Most women undergo artificial insemination and related treatments due to their higher success rate compared with other treatments. However, these 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. Medications used to treat infertility can also adversely affect some people. Some of the side effects of medications include depression, chances of miscarriage, premature delivery, abdominal pain, and mood swings.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 a potential side effect of these fertility treatments. Antibiotics and other medications can cause diarrhea in some people. The possibility of the above-mentioned outcomes should be reduced to attract more individuals toward fertility services offered by healthcare facilities.

This fertility services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global fertility services market as a part of the global specialized consumer services. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fertility services market during the forecast period.

Who are the Major Fertility Services Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Anecova SA
  • CRITEX GmbH
  • Esco Micro Pte. Ltd.
  • Instituto Bernabeu SL
  • INVO Bioscience Inc
  • Merck KGaA
  • Monash IVF Group
  • The Cooper Companies Inc.
  • Virtus Health Ltd.
  • Vitrolife AB

 

This statistical study of the fertility services market encompasses successful business strategies deployed by the key vendors. The fertility services market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The fertility services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Fertility Services Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the fertility services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of specialized consumer services includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

Which are the Key Regions for Fertility Services Market?

Fertility Services Market Market segmentation by region

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33% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for fertility services market in North America. Market growth in this region will be faster than the growth of the market in regions.

An increase in fertility tourism will facilitate the fertility services market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic in 2020 affected most countries in North America, especially the US. It had a mixed impact on the fertility services market in the region in that year. As of August 2, 2021, more than 35.76 million COVID-19 cases were reported in the US. A rise in the number of COVID-19 cases in 2020 and early 2021 led to partial lockdowns in several countries, including Canada and Mexico. Thus, various non-urgent treatments and clinical visits were either partially or completely closed as per the set guidelines. Some of the scheduled treatments were either delayed or postponed. Hence, the adoption of fertility services reduced slightly, which impacted the market growth in 2020 and in Q1 2021 to some extent. However, by the second half of 2020, the restrictions in various countries were somewhat relaxed, which included resuming business activities and offering essential services, including fertility services. The relaxation of such restrictions will, in turn, encourage people to go for health checkups and treatments and drive the growth of the regional market during the forecast period.

What are the Revenue-generating Service Segments in the Fertility Services Market?

Fertility Services Market Segmentation

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The fertility services market share growth in 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 prevalence of diseases such as diabetes and obesity in both men and women that adversely impact their fertility and impair functions of their reproductive organs. Furthermore, factors such as the rising prevalence of late parenthood and growing awareness and success of treatment services such as ART procedures contribute to the market growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the fertility services market size and actionable market insights on post COVID-19 impact on each segment.

 

Fertility Services Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.64%

Market growth 2021-2025

$ 5.27 billion

Market structure

Fragmented

YoY growth (%)

5.27

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 33%

Key consumer countries

US, UK, China, Germany, and Italy

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Anecova SA, CRITEX GmbH, Esco Micro Pte. Ltd., Instituto Bernabeu SL, INVO Bioscience Inc, Merck KGaA, Monash IVF Group, The Cooper Companies Inc., Virtus Health Ltd., and Vitrolife AB

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

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What are the Key Data Covered in this Fertility Services Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive fertility services market growth during the next five years
  • Precise estimation of the fertility services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the fertility services industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fertility services market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis
    • Exhibit 04: Value chain analysis: Specialized consumer services

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 05: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 06: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 07: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 08: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 09: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 10: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 11: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 12: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 13: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 14: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 15: Market condition - Five forces 2020

    5 Market Segmentation by Service

    • 5.1 Market segments
      • Exhibit 16: Service - Market share 2020-2025 (%)
    • 5.2 Comparison by Service
      • Exhibit 17: Comparison by Service
    • 5.3 Treatment services - Market size and forecast 2020-2025
      • Exhibit 18: Treatment services - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 19: Treatment services - Year-over-year growth 2020-2025 (%)
    • 5.4 Testing and storage services - Market size and forecast 2020-2025
      • Exhibit 20: Testing and storage services - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 21: Testing and storage services - Year-over-year growth 2020-2025 (%)
    • 5.5 Others - Market size and forecast 2020-2025
      • Exhibit 22: Others - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 23: Others - Year-over-year growth 2020-2025 (%)
    • 5.6 Market opportunity by Service
      • Exhibit 24: Market opportunity by Service

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 26: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 27: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 28: North America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 29: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 30: Europe - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 31: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 32: APAC - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 33: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 MEA - Market size and forecast 2020-2025
      • Exhibit 34: MEA - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 35: MEA - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 36: South America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 37: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 38: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 39: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 41: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Competitive scenario
          • 9.2 Overview
            • 9.3 Landscape disruption
              • Exhibit 43: Landscape disruption
              • Exhibit 44: Industry risks

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 45: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 46: Market positioning of vendors
            • 10.3 Anecova SA
              • Exhibit 47: Anecova SA - Overview
              • Exhibit 48: Anecova SA - Product and service
              • Exhibit 49: Anecova SA - Key offerings
            • 10.4 CRITEX GmbH
              • Exhibit 50: CRITEX GmbH - Overview
              • Exhibit 51: CRITEX GmbH - Product and service
              • Exhibit 52: CRITEX GmbH - Key offerings
            • 10.5 Esco Micro Pte. Ltd.
              • Exhibit 53: Esco Micro Pte. Ltd. - Overview
              • Exhibit 54: Esco Micro Pte. Ltd. - Product and service
              • Exhibit 55: Esco Micro Pte. Ltd. - Key offerings
            • 10.6 Instituto Bernabeu SL
              • Exhibit 56: Instituto Bernabeu SL - Overview
              • Exhibit 57: Instituto Bernabeu SL - Product and service
              • Exhibit 58: Instituto Bernabeu SL - Key offerings
            • 10.7 INVO Bioscience Inc
              • Exhibit 59: INVO Bioscience Inc - Overview
              • Exhibit 60: INVO Bioscience Inc - Product and service
              • Exhibit 61: INVO Bioscience Inc - Key news
              • Exhibit 62: INVO Bioscience Inc - Key offerings
            • 10.8 Merck KGaA
              • Exhibit 63: Merck KGaA - Overview
              • Exhibit 64: Merck KGaA - Business segments
              • Exhibit 65: Merck KGaA - Key offerings
              • Exhibit 66: Merck KGaA - Segment focus
            • 10.9 Monash IVF Group
              • Exhibit 67: Monash IVF Group - Overview
              • Exhibit 68: Monash IVF Group - Business segments
              • Exhibit 69: Monash IVF Group - Key offerings
            • 10.10 The Cooper Companies Inc.
              • Exhibit 70: The Cooper Companies Inc. - Overview
              • Exhibit 71: The Cooper Companies Inc. - Business segments
              • Exhibit 72: The Cooper Companies Inc. - Key news
              • Exhibit 73: The Cooper Companies Inc. - Key offerings
              • Exhibit 74: The Cooper Companies Inc. - Segment focus
            • 10.11 Virtus Health Ltd.
              • Exhibit 75: Virtus Health Ltd. - Overview
              • Exhibit 76: Virtus Health Ltd. - Business segments
              • Exhibit 77: Virtus Health Ltd. - Key news
              • Exhibit 78: Virtus Health Ltd. - Key offerings
              • Exhibit 79: Virtus Health Ltd. - Segment focus
            • 10.12 Vitrolife AB
              • Exhibit 80: Vitrolife AB - Overview
              • Exhibit 81: Vitrolife AB - Business segments
              • Exhibit 82: Vitrolife AB - Key offerings
              • Exhibit 83: Vitrolife AB - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 84: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 85: Research Methodology
                • Exhibit 86: Validation techniques employed for market sizing
                • Exhibit 87: Information sources
              • 11.4 List of abbreviations
                • Exhibit 88: List of abbreviations

              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.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Fertility Services Market market growth will increase by $5.27 bn during 2021-2025.
              The fertility services market market is expected to grow at a CAGR of 5.64% during 2021-2025.
              Technavio has segmented the fertility services market market by service (treatment services, testing and storage services, and others) ,geography (North America, Europe, APAC, MEA, and South America) , and geographic (North America, Europe, APAC, MEA, and South America).
              Anecova SA, CRITEX GmbH, Esco Micro Pte. Ltd., Instituto Bernabeu SL, INVO Bioscience Inc, Merck KGaA, Monash IVF Group, The Cooper Companies Inc., Virtus Health Ltd., Vitrolife AB are a few of the key vendors in the fertility services market market.
              North America will register the highest growth rate of 33% among the other regions. Therefore, the fertility services market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the fertility services market market growth are:
              • Rising prevalence of late parenthood
              • Rising cases of prostate cancer
              The fertility services market market vendors should focus on grabbing business opportunities from the treatment services segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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