Infertility treatment market to reach $420.7 million by 2029

The global infertility treatment devices and equipment market size is expected to reach USD 420.7 million by 2026 and is projected to expand at a CAGR of 9.3% during the forecast period.

Global Infertility Treatment Devices & Equipment Market Report 2019: Market Size is Expected to Reach USD 420.7 Million by 2026
Global Infertility Treatment Devices & Equipment Market Report 2019: Market Size is Expected to Reach USD 420.7 Million by 2026

Global fertility is declining

According to the United Nations (UN), the global fertility rate is expected to decline to 2.4 births per woman by 2030 and 2.2 births per woman by 2050. Currently, 46% of the global population lives in countries with low levels of fertility.

Another 46% population lives in countries with intermediate fertility and the remaining 8% population lives in countries with high fertility.

Rising demand for Assisted Reproductive Technology

Demand for Assisted Reproductive Technology (ARTs) is growing due to growth in infertility rate across the globe.

The patients are offered several options for the infertility treatment depending on the causes.

Technological advancements in developing regions offer promising growth for fertility clinics, hospitals, and device manufacturers to expand the market presence.

Healthcare facilities specializing in ART treatments are required to obtain a license from the respective authorities present in the country.

Government run reimbursement schemes

Availability of various reimbursement schemes in developed regions is likely to drive growth of the market in the forthcoming years. For instance, the Singapore government offers around 75% co-funding for various assisted reproductive treatments.

The Ontario government had announced a fertility program worth USD 50 million to cover the treatment of 5,000 people in 2016.

Key players operating in the infertility treatment devices

Key players operating in the infertility treatment devices and equipment market are adopting strategies such as acquisitions and partnerships to strengthen their presence in other regional markets.

For instance, Vitrolife entered into an agreement to acquire OCTAX Microscience GmbH in 2016.

The company strengthened its position in the IVF market by the expansion of its product portfolio through this acquisition.

This study has been done by international market research firm Research and Market.The report is titled as “Infertility Treatment Devices & Equipment Market Size, Share & Trends Analysis Report By Type (Ovum Aspiration Pumps, Sperm Separation Devices), By End Use, By Region, And Segment Forecasts, 2019 – 2026” . This report has been added to ResearchAndMarkets.com’s offering.

Further key findings from this study suggest:

  • Sperm separation devices led the type segment in terms of revenue share in 2018. These devices are used in assisted reproductive treatments such as IVF and artificial insemination to purify the semen samples
  • Imaging systems is expected to be the fastest growing segment over the forecast period as time-lapse imaging systems prevent embryos from getting disturbed in the culture during their assessment, eliminating manual handling
  • Fertility clinics led the end use segment in 2018, in terms of revenue share. These clinics offer couple counselling and plan treatments based on the causes and severity of their infertility
  • Europe led the overall market in terms of revenue in 2018 owing to the constantly declining fertility rate in the region. Increasing number of couples opting for ARTs along with growing medical tourism in some European countries is further fueling the growth
  • Some of the key players operating in the infertility treatment devices and equipment market are The Cooper Companies, Inc., Hamilton Thorne, Inc., Cook, Vitrolife, and DxNow, Inc. among others.
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