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Technavio’s market research analyst predicts the fertility market in the US to grow at steadily a CAGR of around 4% by 2020. The fertility market in the US consists of fertility drugs and assisted reproductive technology (ART) services segments. Increasing fertility issues among the aging population, rising disposable income, growing adoption of fertility services by homosexual couples, and augmented support from the US federal government are some of the major factors that will impel growth in this market during the forecast period.
Cultural shifts in the US will also have a positive impact on the market growth. Recently, it has been observed that there is an increase in the number of same-sex parents in the US. According to Child Welfare, it was estimated that during 2012, up to 6 million children in the US were parented by same-sex parents. In this market study, analysts have predicted that the number of women in same-sex relationships using donor sperm has risen from 15% (before same-sex marriage) to 20% after regulatory changes for same-sex marriage. This growing social acceptance of same-sex marriages will indirectly aid in the growth of this market during the predicted period.
At present, the ART segment leads the market and accounts for approximately 67% of the total market share. This segment includes in-vitro fertilization and other treatment options like intrauterine insemination, reproductive surgery, and surrogacy. In-vitro fertilization (IVF) accounts for around 99% of all the ART treatments. Since IVF is one of the most popular assisted fertility techniques, its augmented adoption due to its enhanced rate of success will result in the strong growth of this market segment during the predicted period.
The fertility market in the US is highly fragmented due to the presence of many well-established vendors. The competitive scenario in this market is propelled by M&A and investments in R&D activities for the development of novel products. Since this market has low entry barriers, a number of players are expected to enter the market because of its high revenue generating potential. Furthermore, the consolidation of pharmaceutical companies will bolster the production of fertility drugs, which in turn will lead to market growth.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Regulatory scenario in the US
PART 06: Market landscape
PART 07: Infertility: An overview
PART 08: Stages of fertility treatment
PART 09: Cost analysis of ART
PART 10: Market segmentation by type
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Appendix
PART 18: Explore Technavio
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