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What is the Predicted CAGR for the Fertility Treatments Market Over the Forecast Period of 2025 to 2034?

There has been substantial growth in the fertility treatments market size over the past few years. Expected to expand from $18.09 billion in 2024 to $19.58 billion in 2025, it will represent a compound annual growth rate (CAGR) of 8.2%. Factors contributing to the growth during the historical period include escalating infertility rates, progress in reproductive medicine, an increase in healthcare coverage, heightened awareness and a decrease in stigma.

Expectations are high for a robust expansion of the fertility treatments market in the coming years. The projected growth indicates a spike to $27.65 billion in 2029, registering a compound annual growth rate (CAGR) of 9.0%. Factors contributing to this anticipated growth during the forecast period include factors such as deferred childbearing, expansion of reproductive services, technological enhancements, and improved access to fertility treatments. The trends expected to emerge in the market during the forecast period include progress in in vitro fertilization (ivf), single embryo transfer (set), the adoption of telehealth and online consultations, as well as fertility preservation options for cancer patients.

What Strategic Factors Are Influencing the Accelerated Growth of the Fertility Treatments Market?

The growth of the fertility treatments market is influenced by the increase in pregnancies achieved through in vitro fertilization (IVF). IVF, a medical procedure that involves fertilizing an egg by sperm outside of the body, usually in a lab setting, has seen an increase in resulting pregnancies. This can be attributed to factors such as higher rates of infertility, advancements in reproductive technology, and societal shifts like postponed parenthood and evolving family structures. Through fertility treatments like hormonal therapies and egg retrieval procedures, IVF-assisted pregnancies can be supported by boosting egg production, enhancing the quality of embryos, and increasing the odds of successful fertilization and implantation within the uterus. As an example, data from the American Society for Reproductive Medicine, a US based nonprofit organization, states that there were around 91,771 babies born using IVF in the US in 2022, accounting for2.5% of all births that same year. The amount of IVF cycles performed rose to 389,993, a 6% rise from the preceding year. Therefore, the increase in pregnancies resulting from IVF is fuelling the expansion of the fertility treatments market.

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Who Are the Top Companies Driving Innovation and Growth in the Fertility Treatments Market?

Major companies operating in the fertility treatments market include Apollo Hospitals Enterprise Ltd., Care Fertility Group Limited, Genea Limited, Johns Hopkins Health System Corp., Medicover AB, Monash IVF Group, Progyny Inc., Vitrolife AB, Carolinas Fertility Institute PLLC, OvaScience Inc., Xytex Cryo International Ltd., Merck Group, Cook Group Incorporated, CooperSurgical Inc., Instituto Bernabeu, INVO Bioscience Inc., Cooper Companies Inc., Virtus Health Ltd., CryoChoice LLC, Millendo Therapeutics Inc., FUJIFILM Irvine Scientific Inc., LABOTECT GMBH, Fertility Focus Limited, Olympus Corporation, Irvine Scientific sales Company Inc., Ferring Pharmaceuticals Inc., Prelude Fertility Inc., Boston IVF, RMA Fertility Clinics, Shady Grove Fertility, CCRM Management Company LLC, IVIRMA Global, CARE Fertility

What Key Trends Are Currently Impacting the Fertility Treatments Market’s Development?

The fertility treatments market is observing the trend of innovative infertility treatment methods utilizing the human body itself. A standout point in this current trend is INVOcell, which offers an alternative to traditional In Vitro Fertilization (IVF) by leveraging the woman’s body to aid fertilization, thus circumventing the expense of a lab incubator. The device, INVOcell, is strategically placed with the sperm and eggs within the vaginal cavity. This facilitates fertilization due to the steady natural environment, pH, and gas. Manufactured by INVO Bioscience in Medford, Massachusetts, the cost of INVOcell, inclusive of medication, stands at roughly $6,800. Even though IVF yields higher quality embryos, the birth rates for both IVF and INVOcell methods are comparable. As seen in a report by the Journal of Assisted Reproduction and Genetics, among 20 women, 12 through IVF and 11 through INVOcell gave birth, resulting in 15 and 16 newborns respectively, inclusive of three and five sets of twins.

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What Are the Strategic Segments Comprising the Fertility Treatments Market and Their Growth Contributions?

The fertility treatments market covered in this report is segmented –

1) By Product: Reagents, Equipment

2) By Patient Type: Female, Male

3) By End-User: Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes

Subsegments:

1) By Reagents: Ovulation Stimulation Reagents, Hormonal Reagents, Sperm Separation Reagents, Cryopreservation Reagents, Insemination Reagents

2) By Equipment: In Vitro Fertilization (IVF) Equipment, Fertility Monitors, Sperm Analysis Equipment, Embryo Culture Media Equipment, Cryopreservation Equipment, Ultrasound Equipment For Fertility, Artificial Insemination (AI) Equipment

Which Geographical Regions Are Pioneering Growth in the Fertility Treatments Market?

North America was the largest region in the fertility treatment market in 2023. Western Europe was the second largest region in the fertility treatment market. The regions covered in the fertility treatments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Are the Defining Aspects of the Fertility Treatments Market Landscape?

Fertility treatment is a medical treatment provided to a man or a woman to increase their chances of bearing an offspring. It is used to treat infertile patients. Hormone and ovulation-supporting medicines are frequently used in fertility treatments, sometimes in conjunction with minor surgical procedures.

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