Global Infertility Devices Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Infertility Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global infertility devices market report has been segmented on the basis of product type, procedure, end user, and region.
Global Infertility Devices Market: Overview
Various types of treatment options are available for individuals suffering from infertility. These include artificial insemination procedures such as intrauterine insemination (IUI) and assisted reproductive technology (ART) procedures, including in vitro fertilization and intracytoplasmic sperm injection. IVF is the most common technique to treat infertility.
Global Infertility Devices Market: Dynamics
Increasing number of new product launches in order to treat infertility efficiently is a major factor expected to drive growth of the global market over the forecast period.
In addition, rising government funding programs for infertility is another factor expected to further fuel growth of the target market over the forecast period.
Moreover, increasing (FDA) approvals for new Over-The-Counter (OTC) devices which can help individuals to conceive children is another factor expected to boost growth of the target market over the forecast period.
Furthermore, technological advancements and new product launches by various companies are some other factors expected to propel growth of the global market over the forecast period. For instance, in February 2019, Merck Group launched two devices – Geri and Gavi, as well as Gems (a media to improve IVF) – a complete culture medium suite in India to help to treat infertility.
However, high cost of infertility treatments is a key factor expected to restrain growth of the target market over the forecast period.
Ongoing trend observed in the target market is increasing OTC ovulation and male fertility testing kits, this trend is expected to support growth of the global market over the forecast period.
Rising manufacturers focus on strategic merger and acquisition activities in order to strengthen their product portfolio and enhance t heir distribution network. For instance, in 2018, Cooper Companies, Inc. acquired The LifeGlobal Group and its affiliates of in-vitro fertilization (IVF) devices through its subsidiary Cooper Surgical in order to strengthen and improve its fertility business. In addition, rising investment for research and development activities to develop technological advanced products is another factor expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Global Infertility Devices Market: Segment Analysis
Among product type segments, the equipment segment is expected to dominate in the target market over the forecast period, owing to technological advancements by various companies in this segment.
Among the procedure segments, the assisted reproductive technology segment is expected to register significant growth over the forecast period.
Among the end user segments, the fertility centers segment is expected to register significant growth over the forecast period.
Global Infertility Devices Market: Regional Analysis
The market in North America is expected to dominate in the global infertility devices market in terms of revenue over the forecast period, owing to rising obesity, increasing awareness among people toward fertility testing, and increasing prevalence of infertility across various countries in this region.
The market in Asia Pacific is expected to register significant growth in the global market over the forecast period, owing to increasing prevalence of infertility rates across Asian population.
Global Infertility Devices Market Segmentation:
Segmentation by product type:
- Imaging Systems
- Sperm Analyzer Systems
- Ovum Aspiration Pumps
- Micromanipulators Systems
- Gas Analyzers
- Laser Systems
Segmentation by procedure:
- Assisted Reproductive Technology
- In Vitro Fertilization
- Intracytoplasmic Sperm Injection (ICSI)
- Artificial Insemination
- Fertility Surgery
- Other Treatments
Segmentation by end user:
- Fertility Centers
- Hospitals & Surgical Clinics
- Research Institutes
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2027 Revenue in US$
- Cook Group Incorporated
- Esco Micro Pte. Ltd.
- Genea Limited
- Hamilton Thorne Ltd.
- FUJIFILM Irvine Scientific
- IVFTech Aps
- KITAZATO CORPORATION
- Medgyn Products, Inc.
- Rocket Medical Plc
- The Cooper Companies, Inc.
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