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INFERTILITY DEVICES MARKET

Infertility patients are opting for various type of treatments such as in vitro fertilization (IVF), intracytoplasmic sperm injection (ICSI), intrauterine insemination (IUI), and other procedures. IVF is the most common technique to treat infertility. The adoption and success rate of IVF is high. For instance, according to a clinical study conducted by IVF Australia in 2015, the success rates range from 37% per embryo transfer leading to a live birth for patients under 30 years, to 8.8% per embryo transfer leading to a live birth for patients over 40 years.<br>The global infertility devices market was valued at US$ 7,104.1 million in 2018, and is expected to exhibit a CAGR of 8.4% over the forecast period (2019-2027).<br>

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INFERTILITY DEVICES MARKET

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. INFERaqqTILITYDEVICES MARKET Infertility patients are opting for various type of treatments such as in vitro fertilization (IVF), intracytoplasmic sperm injection (ICSI), intrauterine insemination (IUI), and other procedures. IVF is the most common technique to treat infertility. The adoption and success rate of IVF is high. For instance, according to a clinical study conducted by IVF Australia in 2015, the success rates range from 37% per embryo transfer leading to a live birth for patients under 30 years, to 8.8% per embryo transfer leading to a live birth for patients over 40 years. The global infertility devices market was valued at US$ 7,104.1 million in 2018, and is expected to exhibit a CAGR of 8.4% over the forecast period (2019-2027).

  3. Figure 1. Global Infertility Devices Market Value (US$ Mn), by Region, 2018 Source: Coherent Market Insights Analysis (2019)

  4. Rising adoption of collaboration and acquisition strategies by the market players are expected to boost growth of the infertility devices market The infertility devices market is expected to witness significant growth, owing to increasing adoption of acquisition, and collaboration strategies by the market players. For instance, in July 2019, Thermo Fisher Scientific Inc. entered into a global research collaboration with Predictive Laboratories, a wholly owned subsidiary of Predictive Technology Group Inc. focused on studying the underlying genetic factors leading to infertility in women. Moreover, in June 2018, Vitrolife AB, and GE Healthcare entered into a partnership to improve its assisted reproductive technology offerings. This partnership has helped Vitrolife to expand its IVF product portfolio in the global market. Rising age is associated with increasing chances of infertility, which is expected to bolster the infertility devices market growth over the forecast period. According to the National Survey of Family Growth’s factsheet, in 2017 nearly 8.8% of women aged from 15 years to 49 years were infertile among these, around 12.7% of women received infertility services from 2015 to 2017 in the U.S.

  5. Figure 2. Global Infertility Devices Market Share (%), by Product Type, 2019 and 2027 Source: Coherent Market Insights Analysis (2019)

  6. Infertility Devices Market - Regional Analysis North America is expected to hold a dominant position in the global infertility devices market in 2018, owing to high presence of charitable trusts that provide funds to infertile individuals for treating infertility problems. For instance, BabyQuest Foundation is a charitable organization based in California, U.S., was established in 2011. The goal of this non-profit organization is to grant financial assistance to those who cannot afford infertility treatments such as IUI, IVF, and egg donation. They disburse funds twice a year according to the availability of funds. Europe is expected to account for significant market share in the global infertility devices market over the forecast period, owing to favorable reimbursement policies for infertility treatment by the government and facility expansion by the market players in the region. For instance, in December 2019, The Cooper Surgical, a subsidiary of the Cooper Companies Inc., opened a new center of excellence IVF training lab in Malov, Denmark to increase its presence in the Europe market.

  7. Key Players Major players operating in the global infertility devices market include Carl Zeiss Meditec AG, Thermo Fisher Scientific Inc., Vitrolife AB, The Baker Company, Inc., The Cooper Companies, Inc., Fujifilm Irvine Scientific, IVFTECH APS, Kitazato Corporation, MedGyn Products, Inc., Rocket Medical plc, SOMATEX Medical Technologies GmbH, Cook Group Incorporated, Esco Micro Pte Ltd, Hamilton Thorne, Ltd, and Art Biotech Pvt. LTD

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