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The fertility services market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 14%, as per The Business Research Company’s market report!

Read More On The Fertility Services Market Report 2022 – https://www.thebusinessresearchcompany.com/report/fertility-services-global-market-report

The Fertility Services Market Size In 2022 And Forecast

The global fertility services market is expected to grow from $40.73 billion in 2021 to $47.17 billion in 2022 at a compound annual growth rate (CAGR) of 15.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The fertility services market is expected to grow to $79.97 billion in 2026 at a CAGR of 14.1%.

The fertility services market consists of sales of infertility treatment services and related products by entities (organizations, sole traders and partnerships) that provide infertility treatment services that are used in various applications to treat infertile patients.

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Growing Infertility Rates Is Driving The Growth Of The Fertility Services Market

According to the Indian Journal of Community Medicine, as of 2019, around 15 to 20 million or 25% of the couples suffer from infertility annually, thus driving the demand for fertility services.

Competitive Landscape And The Regional Analysis Of The Fertility Services Market

Major players in the fertility services market are Merck KGaA, Care Fertility, INVO Bioscience, Vitrolife, Monash IVF Group, Carolinas Fertility Institute, IntegraMed, Inc., New Hope Fertility Center and Apollo Hospitals Enterprise Ltd.

Additionally, as per TBRC’s research – Western Europe was the largest region in the fertility services market in 2021 holding the largest market share.

The Fertility Services Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fertility services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the fertility services market.

Increasing  Research Collaborations – A Key Trend In The Fertility Services Market

Companies in the fertility services market have witnessed significant growth in the number of research collaborations as well as research funding approvals. Key companies operating in the market are projected to increase their R&D expenditure to introduce new advanced techniques and drugs used for fertility treatments.

Fertility Services Market Segmentation By The Business Research Company

1) By Procedure: Assisted Reproductive Technology (ART), In-Vitro Fertilization, Artificial Insemination

2) By Service:  Fresh Non-Donor, Frozen Non-Donor, Egg and Embryo Banking, Fresh Donor, Frozen Donor

3) By Application: Male, Female

Here Are Some Reports Related To The Fertility Services Market –

Fertility Treatments Global Market Report 2022

Assisted Reproductive Technology Global Market Report 2022

Lateral Flow Immunoassay (LFIA) Based Rapid Test Global Market Report 2022

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