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What Growth Rate is the Infertility Treatment Market Anticipated to Experience from 2024-2033?

The market size for infertility treatments has seen significant expansion in recent years. Forecasted growth suggests an increase from $1.66 billion in 2023 to $1.81 billion in 2024, with a compound annual growth rate (CAGR) of 9.0%. Factors contributing to this growth during the historic period include increased awareness and education, alterations in lifestyle and environment, a higher rate of male infertility, government interventions and support, and evolving societal perceptions.

In the coming years, the infertility treatment market is anticipated to witness significant growth. The market is projected to expand to $2.53 billion in 2028, with a compound annual growth rate (CAGR) of 8.8%. This growth during the forecast period can be ascribed to a greater access to fertility centers, the advancement in reproductive health treatments, innovations in gamete and embryo growth, developments in male birth control, and a focus on enhancing the quality of oocyte. Key trends for the forecast period encompass technological progress in assisted reproductive technologies (art), a rising incidence of infertility, an increase in the age of parenthood, fertility preservation amenities, and interventions in nutrition and lifestyle.

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What Are the Significant Influencers of Growth in the infertility treatment Market?

A drop in the worldwide fertility rate is a can be considered a dominant force propelling the rise of the infertility treatment market. The fertility rate refers to the number of babies born alive from women of a certain age group within a year, shown as a percentage of the average yearly female population in that age segment. Factors such as delayed marriages and increasing concerns with age-related infertility are contributing to a constant decrease in the fertility rate globally. As a consequence, there is a surge in demand for infertility treatment products that identify the fertility period in males and females. For example, the World Economic Forum, a Switzerland-based global non-governmental and lobbying association, reported in June 2022 that fertility rates have consistently dropped over the past 70 years, with a significant drop of 50% registered in 2022. Therefore, the shrinking global fertility rate is fueling the need for the infertility treatment market.

What Key Segments Define the Infertility Treatment Market?

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

What Are the Key Developments Shaping the Infertility Treatment Market?

The increasing emphasis on technological innovation is a noteworthy trend emerging in the infertility treatment market. Major players in this market are concentrating on the introduction of new tech-based solutions to consolidate their standing. One example comes from August 2021 when Merck Specialties Pvt. Ltd., a company based in India that manufactures pharmaceutical and chemical products, introduced the Pergoveris Pen in India, specifically for utilisation in assisted reproductive technology. This ready-to-use device contains both recombinant luteinizing hormone and recombinant follicle-stimulating hormone and needs expert guidance in in vitro fertilisation. This is a globally approved product that leverages technology to provide a more secure self-administered fertility solution for couples struggling with infertility.

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North America was the largest region in the infertility treatment market in 2023. 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.

The Infertility Treatment Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the infertility treatment market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Infertility Treatment Market Include

1. Infertility Treatment Market Executive Summary

2. Infertility Treatment Market Segments

3. Infertility Treatment Market Size And Template Market Growth Rate

4. Key Infertility Treatment Market Trends

5. Major Infertility Treatment Market Drivers

……

25. Key Mergers And Acquisitions In The Infertility Treatment Market

26. Top Infertility Treatment Companies

27. Infertility Treatment Market Opportunities And Strategies

28. Infertility Treatment Market, Conclusions And Recommendations

29. Appendix

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