Subject: MRR
Fertility Services Market to grow by USD 5.27 Bn | North America to Emerge as Major Market | Technavio
NEW YORK, Jan. 10, 2022 /PRNewswire/ -- The "Fertility Services Market by Service and Geography ? Forecast and Analysis 2021-2025" report has been added to Technavio's offering. The elderly population is increasing steadily across the world. This has increased the incidence of infertility due to declining egg quality among women, which is making it difficult to conceive. In addition, the sedentary lifestyles of people in both developed and developing countries have increased the number of infertility cases. This is prompting individuals to opt for advanced treatment options, which is creating huge opportunities in the market.
Technavio estimates the fertility services market is to grow by USD 5.27 billion between 2020 and 2025, progressing at a CAGR of almost 6% during the forecast period.
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Market Dynamics
Factors such as rising prevalence of late parenthood, increase in fertility tourism, and the rising number of fertility clinics will drive the growth of the fertility services market during the forecast period. In addition, the rising cases of prostate cancer is expected to open multiple growth opportunities for players in the market. However, high complication rates and ethical, legal, and social issues in fertility services might hamper the market growth.
Company Profiles
Some of the companies covered in this report are Anecova SA, CRITEX GmbH, Esco Micro Pte. Ltd., Instituto Bernabeu SL, INVO Bioscience Inc, Merck KGaA, Monash IVF Group, The Cooper Companies Inc., Virtus Health Ltd., and Vitrolife AB, etc.
Competitive Analysis
The competitive scenario provided in the fertility services market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
- By Service, the market is classified into Treatment services, Testing and storage services, and Others. The market witnessed maximum demand for treatment services in 2020. The market growth in the segment will significant during the forecast period.
- By Geography, the market is classified as North America, Europe, APAC, MEA, and South America. North America will have the largest share of the market. The region currently holds 33% of the global market share. The growth of the fertility services market in North America is driven by the presence of a well-established healthcare system that provides high-quality fertility services, primarily through infertility clinics and hospitals. Also, the high concentration of dominant vendors is contributing to the regional market growth.
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Fertility Services Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 6% |
Market growth 2021-2025 | USD 5.27 billion |
Market structure | Fragmented |
YoY growth (%) | 5.27 |
Regional analysis | North America, Europe, APAC, MEA, and South America |
Performing market contribution | North America at 33% |
Key consumer countries | US, UK, China, Germany, and Italy |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Anecova SA, CRITEX GmbH, Esco Micro Pte. Ltd., Instituto Bernabeu SL, INVO Bioscience Inc, Merck KGaA, Monash IVF Group, The Cooper Companies Inc., Virtus Health Ltd., and Vitrolife AB |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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