Unlocking the Future of the Infertility Treatment Market: Growth Rate, Key Trends, and Opportunities for 2025-2034
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How has the infertility treatment market size evolved in recent years?
The market size for infertility treatment has seen robust growth in the past few years. The expansion forecast predicts a growth from $1.82 billion in 2024 to $1.97 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%. The historic period’s surge can be linked to factors such as increased awareness and education, alterations in lifestyle and environment, a higher prevalence of male infertility, government mandates and aid, along with a shift in societal perspectives.
What are the predictions for the infertility treatment market size in the coming years?
Expectations are high for robust expansion in the infertility treatment market size over the coming years. By 2029, it is forecasted to reach a value of $2.8 billion, with a compound annual growth rate (CAGR) of 9.1%. This growth for the forecasted period can be ascribed to factors such as broader access to fertility clinics, advancements in reproductive medicine and male contraception, and innovations in gamete and embryo culture, with a significant focus on improving oocyte quality. Significant trends expected during the forecast period include technological breakthroughs in assisted reproductive technologies (ART), a growing incidence of infertility, push-out in parenthood age, fertility conservation services, and initiatives in nutrition and lifestyle.
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What key factors are fueling the growth of the infertility treatment market?
The infertility treatment market is experiencing substantial growth due, in large part, to the significant decrease in the worldwide fertility rate. Defined as the proportion of living children born to women of a certain age in a particular year relative to the average annual population of women of the same age, the fertility rate is steadily decreasing globally. Various contributing factors have led to this reduction, such as the increased incidence of late marriages and age-related infertility. This downfall in the fertility rate, in turn, has led to a marked upturn in demand for infertility treatment products, which help in determining the fertility window in both males and females. For example, in June 2022, a report by the Switzerland-based non-governmental organization, the World Economic Forum, indicated that there has been a steady decline in fertility rates worldwide over the last 70 years, with an overall decrease of 50% in 2022. As a result, the falling worldwide fertility rate is spurring the need for the infertility treatment market.
How is the global infertility treatment market divided into key segments?
The infertility treatment market covered in this report is segmented –
1) By Product: Equipment, Media And Consumables, Accessories
2) By Procedure: Assisted Reproductive Technology, Artificial Insemination, Fertility Surgeries, Other Infertility Treatment Procedures
3) By Drugs: Clomiphene Citrate, Letrozole, Serophene, Hormone Treatment, Other Drugs
4) By Patient Type: Female Infertility Treatment, Male Infertility Treatment
5) By End User: Hospitals And Surgical Clinics, Cryobanks, Research Institutes
Subsegments:
1) By Equipment: In Vitro Fertilization (IVF) Equipment, Cryopreservation Equipment, Sperm And Embryo Storage Systems, Ultrasound Machines
2) By Media And Consumables: Culture Media, Sperm Processing Media, Embryo Transfer Media, Oocyte Preservation Media
3) By Accessories: Catheters, Needles And Syringes, Petri Dishes, Incubators
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Who are the key firms paving the way for growth in the infertility treatment market?
Major companies operating in the infertility treatment market are The Cooper Companies Inc., Cook Group Incorporated, Vitrolife AB, Thermo Fisher Scientific Inc., Esco Micro Pte. Ltd., Genea Limited, IVFtech ApS, FUJIFILM Irvine Scientific Inc., The Baker Company Inc., Kitazato Corporation, Rocket Medical PLC, IHMedical A/S, Hamilton Thorne Ltd., Carl Zeiss AG, MedGyn Products Inc., DxNow Inc., Nidacon International AB, Gynotec B.V., SAR Healthline Pvt. Ltd., InVitroCare Inc., Boston IVF, Shady Grove Fertility LLC, CCRM Fertility Co. LLC, IVI-RMA Global, Fertility Centers of Illinois, New Hope Fertility Center, Pacific Fertility Center, Houston Fertility Institute, Sher Fertility Institute, Columbia Asia Fertility Centre, Bourn Hall Fertility Clinic, Manipal Fertility, Morpheus IVF, Nova IVF Fertility, Indira IVF, Bloom Fertility Centre, Cloudnine Fertility, Oasis Fertility, Apollo Fertility, Milann Fertility Center, Fakih IVF, Procrea Fertility, The Montreal Fertility Center, The Center for Reproductive Medicine, The Reproductive Medicine Group, The Fertility Institute
Which trends are expected to transform the infertility treatment market?
One trend gaining significant traction in the infertility treatment market is the surge in technological advancements. The major companies in this market are heavily investing in innovative technological solutions to consolidate their market presence. A case in point is Nikon Corporation, a company based in Tokyo, which in July 2024, introduced the ECLIPSE Ti2-I Motorized Inverted Microscope. This microscope, tailored for micro-insemination practices such as ICSI (Intracytoplasmic Sperm Injection) and IMSI (Intracytoplasmic Morphologically-Selected Sperm Injection), boosts the efficiency of reproductive medicine. Specifically, in infertility treatments, it simplifies the execution of intricate procedures for specialists.
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What regions are contributing significantly to the growth of the infertility treatment market?
North America was the largest region in the infertility treatment market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the infertility treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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