Global Fertility Treatments Market Size, Share, Trends And Drivers 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest fertility treatments market share.
The global fertility treatments market is expected to grow from $15.26 billion in 2022 to $16.48 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The fertility treatments market is expected to grow from $22.77 billion in 2027 at a CAGR of 8.4%.
Major Driver In The Fertility Treatments Market – Growth In The Median Age Of First-Time Motherhood
The average age of first-time mothers in America has climbed from 21 to 26 by 2020. Women in other industrialised nations are likewise postponing, with new moms often having their first child around the age of 31. A increasing number of women are opting for IVF procedures in this circumstance, which is projected to fuel this market.
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Key Fertility Treatments Market Segments
1) By Product: Reagents, Equipment
2) By End-User: Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes
3) By Patient Type: Female, Male
Recent Fertility Treatments Market Trend – Developing New Techniques
INVOcell is an IVF option that leverages the woman’s body to facilitate fertilisation, without the need for a laboratory incubator. The INVOcell device is put in the vaginal cavity with the eggs and sperm, allowing for the stability of the natural environment, pH, and gas to aid in fertilisation. INVOcell, manufactured by INVO Bioscience in Medford, Massachusetts, costs roughly $6,800, including medicine. Although IVF produced higher-quality embryos, the birth rates between IVF and INVOcell are comparable. According to the journal of assisted reproduction and genetics, 12 out of 20 women in the IVF group gave birth to 15 infants, including three sets of twins, while 11 out of 20 women in the INVOcell group gave birth to 16 babies, including five pairs of twins.
Fertility Treatments Market Prominent Players
Major players in the fertility treatments market are Apollo Hospitals Enterprise Ltd., Care Fertility Group, Genea Limited, The Johns Hopkins Health System Corp., Medicover Group, Monash IVF Group, Progyny Inc., Vitrolife, Carolinas Fertility Institute, OvaScience Inc., Xytex Cryo International, Merck KGaA, Cook Medical, CooperSurgical Inc., Instituto Bernabeu, INVO Bioscience, The Cooper Companies Inc., Virtus Health, CryoChoice LLC., Millendo Therapeutics Inc., FUJIFILM Irvine Scientific, LABOTECT GMBH, Fertility Focus, Olympus Corporation, Irvine Scientific sales Company Inc., and Ferring Pharmaceuticals.
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The Fertility Treatments Global Market Report 2023 provides a comprehensive overview on the fertility treatments market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the fertility treatments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Fertility treatment is a medical procedure that increases a man’s or woman’s chances of having children. It is used to treat patients who are infertile. Hormone and ovulation-supporting medications are frequently used in fertility treatments, and are occasionally combined with minor surgical procedures.
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