Global Fertility Services Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Underlying Cause;

Female Infertility, and Male Infertility.

By Treatment Type;

ART, In-Vitro Fertilization (IVF), Frozen Embryo Replacement (FER), Artificial Insemination, Infertility Drugs, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn443269025 Published Date: November, 2024 Updated Date: December, 2024

Introduction

Global Fertility Services Market (USD Million), 2020 - 2030

In the year 2023, the Global Fertility Services Market was valued at USD 974,590.57 million. The size of this market is expected to increase to USD 2,423,752.51 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 13.9%.

The global fertility services market plays a crucial role in addressing the reproductive health needs of individuals and couples worldwide. With increasing awareness and acceptance of assisted reproductive technologies (ART), such as in vitro fertilization (IVF) and intrauterine insemination (IUI), the market has witnessed significant growth in recent years. These technologies offer hope to millions facing infertility issues due to factors like advanced maternal age, lifestyle choices, or medical conditions.

Advancements in medical technology and reproductive science have propelled the growth of the fertility services market. Techniques like preimplantation genetic testing (PGT) and egg freezing have expanded the scope of fertility treatments, catering to a broader demographic including single individuals and LGBTQ+ couples. The market is characterized by a robust infrastructure of fertility clinics, specialized hospitals, and research institutions collaborating to innovate and improve success rates.

Geographically, North America and Europe have traditionally been at the forefront of the fertility services market due to higher adoption rates and supportive regulatory frameworks. However, emerging economies in Asia-Pacific and Latin America are increasingly contributing to market growth, driven by improving healthcare infrastructure, rising disposable incomes, and changing societal attitudes towards fertility treatments.

The market dynamics are also influenced by evolving trends in healthcare financing and insurance coverage for fertility treatments. As more insurance providers recognize infertility as a medical condition requiring treatment, accessibility to fertility services is expected to improve, further boosting market expansion globally. Overall, the fertility services market continues to evolve with technological advancements, demographic shifts, and regulatory changes, ensuring continued innovation and improved outcomes for individuals seeking to build families.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Underlying Cause
    2. Market Snapshot, By Treatment Type
    3. Market Snapshot, By Region
  4. Global Fertility Services Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological advancements
        2. Increasing awareness and acceptance
        3. Rising infertility rates
        4. Growing healthcare expenditure
      2. Restraints
        1. High cost of treatments
        2. Ethical concerns and regulations
        3. Cultural and social factors
        4. Limited insurance coverage
      3. Opportunities
        1. Emerging markets
        2. Innovative fertility treatment options
        3. Telemedicine and digital health solutions
        4. Increasing investment in research
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Fertility Services Market, By Underlying Cause, 2020 - 2030 (USD Million)
      1. Female Infertility
      2. Male Infertility
    2. Global Fertility Services Market, By Treatment Type, 2020 - 2030 (USD Million)
      1. ART
      2. In-vitro fertilization (IVF)
      3. Frozen Embryo Replacement (FER)
      4. Artificial Insemination
      5. Infertility Drugs
      6. Others
    3. Global Fertility Services Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Merck KGaA
      2. Cook Medical
      3. Vitrolife AB
      4. Ferring Pharmaceuticals
      5. CooperSurgical
      6. Irvine Scientific
      7. Genea Limited
      8. OvaScience
      9. Boston IVF
      10. Monash IVF Group
  7. Analyst Views
  8. Future Outlook of the Market