Global Fertility Services Market Report 2022 – Market Forecast, Trends And Strategies

16 Feb, 2022

The global fertility services market size is expected to grow from $40.73 billion in 2021 to $47.17 billion in 2022 at a compound annual growth rate (CAGR) of 15.8%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The fertility services market is expected to reach $79.97 billion in 2026 at a CAGR of 14.1%.

What is the Global Fertility Services Market?

The fertility services market consists of sales of infertility treatment services and related products by entities (organizations, sole traders and partnerships) that provide infertility treatment services which are used in various applications to treat infertile patients. Fertility treatment is a medical procedure intended to increase the chances of conceiving a child. Only goods and services traded between entities or sold to end consumers are included.

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What drives the Global Fertility Services Market?

Growing infertility rates are anticipated to boost the demand for fertility services during the forecast period. Various social and environment-related factors such as lifestyle changes including obesity, stress or depression, and high consumption of alcohol contribute to a surge in infertility rates, thereby generating the high requirement for fertility services. According to the Indian Journal of Community Medicine, as of 2019, around 15 to 20 million or 25% of the couples suffer from infertility annually, thus driving the demand for fertility services.

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Global Fertility Services Market Segments
The global fertility services market is segmented:
By Procedure: Assisted Reproductive Technology (ART), In-Vitro Fertilization, Artificial Insemination
By Service: Fresh Non-Donor, Frozen Non-Donor, Egg and Embryo Banking, Fresh Donor, Frozen Donor
By Application: Male, Female
By Geography: The regions covered in the fertility services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Fertility Services Global Market Report 2022provides market size and growth forecasts for the global fertility services market, global fertility services market share, fertility services market segments and geographies, fertility services market competitive landscape including leading competitors’ revenues, profiles and market shares. The fertility services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Fertility Services Industry Playersinclude Merck KGaA, Care Fertility, INVO Bioscience, Vitrolife, Monash IVF Group, Carolinas Fertility Institute, IntegraMed, Inc., New Hope Fertility Center and Apollo Hospitals Enterprise Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.