DUBLIN, July 12, 2023 /PRNewswire/ -- The "U.S. Fertility Clinics Market" report has been added to ResearchAndMarkets.com's offering.
The U.S. market for fertility clinic services was estimated at $7.9 billion in 2022 and is forecast to grow at a CAGR of 13.6% to reach $16.8 billion by the end of 2028.
The U.S. fertility clinic market is in a crucial phase of transformation. There is still a great deal of uncertainty surrounding surrogacy and sperm donations, sometimes resulting in legal action due to inappropriate use of clinic consent forms. Using assisted reproductive technology (ART) to help women have babies is becoming more common but is still not very common compared to how many people want to use it. According to Centers for Diseases Control and Prevention, in the U.S., about 2% of all babies born each year are conceived with the help of ART.
Increasing awareness of fertility treatments as well as advances in technology and genetic testing are driving the growth of the market. According to the CDC's 2020 Fertility Clinic Success Rates Report, 326,468 ART cycles were performed in the U.S. at 449 reporting clinics. The number of ART cycles initiated rose from 163,045 cycles in 2011 to 326,468 in 2020. The number of egg banking cycles has also shown substantial growth, increasing from 11,116 in 2011 to 123,304 in 2020.
Two other trends driving the demand for fertility clinics are the increasing average age of new mothers and the increasing incidence of obesity. In addition, the rising number of single mothers and the growing LGBTQ population has stimulated the demand for specialized fertility techniques.
In this report, the market is segmented into ART, diagnostic services and surgeries. ART services are further segmented into in vitro fertilization (IVF), donor eggs, donor sperm, surrogacy and gamete intrafallopian transfer. Diagnostic services are segmented into hormone evaluation, semen analysis and new patient consultations.
The market for fertility clinics is a somewhat fragmented one, with 11 large players accounting for 17.2% of the market. Major players include CNY Fertility Center, Colorado Center for Reproductive Medicine (CCRM), Boston IVF LLC, New Hope Fertility Clinic, Reproductive Medicine Associates of New Jersey and NYU Langone Fertility Center.
ART accounted for a 79% share of the market for fertility clinics in 2022. The diagnostic services segment accounted for 15% of the market in 2022, while the surgeries segment accounted for 6%.
Market challenges include the lack of insurance coverage for infertility treatments, the risks of ART, and the high costs and failure rates of IVF.
Companies Mentioned
Report Includes
Key Attributes:
Report Attribute | Details |
No. of Pages | 89 |
Forecast Period | 2023 - 2028 |
Estimated Market Value (USD) in 2023 | $8.9 Billion |
Forecasted Market Value (USD) by 2028 | $16.8 Billion |
Compound Annual Growth Rate | 13.6 % |
Regions Covered | United States |
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Outlook
Chapter 4 Market Overview
Chapter 5 Emerging Trends in the U.S. Fertility Clinic Market
Chapter 6 Market Dynamics
Chapter 7 U.S. Fertility Clinics Market by Type
Chapter 8 U.S. Market for Fertility Drugs
Chapter 9 U.S. Fertility Clinics Market by End-user
Chapter 10 Regulatory Aspects
Chapter 11 Competitive Landscape
Chapter 12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/98ph91
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
These press releases may also interest you
|