The new report by Expert Market Research titled, ‘Global Infertility Treatment Devices Market Size, Report and Forecast 2023-2031’, gives an in-depth analysis of the global infertility treatment devices market, assessing the market based on its segments like product, patient type, end-use, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2031)
- Historical Market Size (2023): USD 1.09 billion
- Forecast CAGR (2023-2031): 8.6%
- Forecast Market Size (2031): USD 389 Million
The increased incidences of disorders such as PCOS is assisting the market’s development. Infertility is predicted to rise as a result of major lifestyle changes, which will help the industry even further. Stress, alcohol intake, shifting lifestyles, smoking, sperm count, and motility loss are all factors that contribute to men’s infertility. The prevalence of infertility in both sexes is projected to rise steadily, which will assist the market’s growth in the coming years.
Infertility Treatment Devices Industry Definition and Major Segments
Medical therapies are used in infertility treatment to increase a couple’s ability to conceive children. Infertility treatment devices are the devices used for such procedures.
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Based on product, the market can be divided into:
- Media and Consumables
Equipment is further segmented into the following microscopes, imaging systems, sperm analyser systems, ovum aspiration pumps, micromanipulator systems, incubators, gas analysers, laser systems, and cryosystems.
The market can be categorised based on patient type into:
- Female Infertility Treatment
- Male Infertility Treatment
By end-use, the industry is segmented into:
- Fertility Centres
- Hospitals and Surgical Clinics
- Research Institutes
Regionally, the industry is classified into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Infertility Treatment Devices Market Trends
The adoption of acquisition and partnership strategies by market players is expected to drive the growth of the infertility treatment devices market. For example, in July 2019, Thermo Fisher Scientific Inc. announced a global research partnership with Predictive Laboratories, a wholly owned subsidiary of Predictive Technology Group Inc., to investigate the genetic factors that contribute to infertility in women.
In addition, Vitrolife AB and GE Healthcare formed a collaboration in June 2018 to develop their assisted reproductive technology offerings. Vitrolife has been able to extend its IVF product range in the global market thanks to this alliance.
Key Market Players
The major players in the market are Cook Group Incorporated, Esco Micro Pte. Ltd., Genea Limited, Hamilton Throne Ltd., Kitazato Corporation, and Medgyn Products Inc., among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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