Fertility Services Market Size to grow by USD 8165.8 million between 2024-2028
According to a research report “ Fertility Services Market” by Service (Treatment services, Testing and storage services, Others) End-user (Fertility clinics, Hospitals, Surgical centers, Clinical research institutes) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 8165.8 million, at a CAGR of 7.18% during the forecast period. The global median age for starting a family has significantly increased in recent decades, leading to a notable decline in fertility rates. This trend, particularly prevalent in European and Asian countries like Japan, is attributed to various factors including the widespread use of contraceptive technologies, increased emphasis on higher education and career advancement, and urbanization. The growing workforce participation of women has further extended the average age of first pregnancy, falling outside the natural fertile years for women. This shift towards late motherhood poses a challenge to the global fertility services market..
Browse market data tables, figures, and in-depth TOC on “Fertility Services Market” by Service (Treatment services, Testing and storage services, Others) End-user (Fertility clinics, Hospitals, Surgical centers, Clinical research institutes) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Service, the Treatment services segment is projected to dominate the market size in 2024
The Treatment Services segment dominates the Fertility Services Market due to the high cost of procedures and the prevalence of health issues like diabetes and obesity, which negatively impact reproductive health. Factors such as the increasing trend of late parenthood and the growing awareness and success rates of advanced Reproductive Technologies (ART), including In Vitro Fertilization (IVF) and Intracytoplasmic Sperm Injection (ICSI,) contribute significantly to market expansion. Approximately 1.7% of all infants born in the US annually are conceived using ART. The market's growth is further fueled by the rising breakthrough rates of ART procedures, leading to increased innovation and skill development within the industry.
By End-user, Fertility clinics segment is expected to hold the largest market size for the year 2024
The global fertility services market is projected to experience significant growth during the forecast period, driven primarily by the fertility clinics segment. This expansion can be attributed to the increasing trend of women delaying motherhood beyond the age of 26, leading to a rise in demand for assisted reproductive technologies. Furthermore, the growing preference for egg freezing as a means of preserving fertility for future use is expected to fuel market growth. Advanced diagnostic technologies and specialized therapies are continuously improving success rates, thereby attracting more patients. Government support and awareness programs are also crucial factors enabling access to fertility treatments for a larger population. Overall, the fertility services market is poised for robust expansion due to these key factors.
North America is forecasted to hold the largest market size by region in 2024
The Fertility Services Market encompasses a range of specialized medical offerings designed to enhance reproductive capabilities. Providers offer solutions such as In Vitro Fertilization (IVF), Intracytoplasmic Sperm Injection (ICSI), and Surrogacy services. Market growth is driven by increasing infertility rates, advancements in reproductive technologies, and rising disposable income. Companies focus on research and development to improve success rates and patient experience. The global market is projected to expand at a robust CAGR through 2027.
The Fertility Services Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Fertility Services market encompasses a range of healthcare facilities and procedures aimed at addressing infertility issues in both females and males. Hormonal imbalances in the glands, low sperm count, motility, and morphology are common causes of infertility in males. Females, on the other hand, may experience infertility due to hormonal imbalances, infertility-causing medical illnesses such as Endometrial tuberculosis, or structural issues with the fallopian tubes or uterus. Fertility clinics, surgical centers, clinical research institutes, and hospitals offer various treatments, including Artificial Insemination, In-Vitro Fertilization (IVF), Intracytoplasmic Sperm Injection (ICSI), and Surrogacy. These services may involve the use of non-donor or donor sperm and eggs. Male infertility treatments may also include hormonal therapy or surgical procedures to correct structural issues. Female infertility treatments may involve medications to stimulate ovulation, surgical procedures to correct structural issues, or assisted reproductive technologies. The Fertility Services market continues to grow due to increasing awareness and acceptance of infertility treatments, advances in reproductive technologies, and an aging population. The market is expected to reach significant growth in the coming years, driven by the increasing number of infertility cases and the rising demand for advanced and personalized fertility treatments.
Market Research Overview
The Fertility Services market encompasses a range of specialized healthcare facilities and treatments aimed at addressing infertility issues. Key players in this market include Cryobanks, Surgical Centers, and Fertility Clinics. These centers offer services using both frozen and fresh donor and non-donor eggs and sperm. Intrauterine Insemination (IUI) is a common procedure used to facilitate fertility, while causes of infertility can stem from various factors such as medical ailments, consumption of drugs, smoking, sedentary lifestyle habits, excessive workload, financial instability, career ambitions, academic ambitions, childcare services, delayed pregnancies, and lifestyle alterations. Fertility treatments include procedures like laparoscopy, hysteroscopy, In-Vitro Fertilization (IVF), and ICSI. Hormonal imbalances, low sperm count, and hormonal issues in females and males are common causes of infertility. Fertility Services market also caters to the LGBT community, single parents, and infertile couples. Oocyte cryopreservation and egg-freezing are emerging trends in the market. Fertility clinics use advanced technologies like robots (robotics) and artificial intelligence (AI) to enhance Human-centered care (HCC). Infertility treatment hospitals and medical tourism are also driving the growth of the Fertility Services market. However, infertility-causing medical illnesses, such as Endometrial tuberculosis, and lifestyle factors like alcohol use, depression, stress, obesity, and smoking can impact the market negatively. The Fertility Services market is expected to grow significantly due to the increasing disposable incomes, promotion, and advertising.
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