Infertility Treatment Market Technological Challenges, Market Update, Volume Analysis, Growth Prospects And Forecast 2023-2032|The Cooper Companies Inc., Cook Group, Vitrolife AB, Thermo Fisher Scientific Inc., Esco Micro Pte. Ltd

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The Infertility Treatment Global Market Report 2023 by The Business Research Company, provides infertility treatment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Infertility Treatment Global Market Report 2023, the global infertility treatment market size is expected to grow from $1.52 billion in 2022 to $1.67 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global infertility treatment is expected to grow to $2.3 billion in 2027 at a CAGR of 8.3%.

The decline in the global fertility rate is a major driver propelling the growth of the infertility treatment market. The fertility rate at a given age is defined as the number of children born alive to women of that age during the year expressed as a percentage of the average annual population of women of that age. The fertility rate worldwide is declining steadily owing to various factors, such as the growing trend of late marriages and increasing age-related infertility. This declining fertility rate has led to a significant increase in the demand for infertility treatment products that determine the fertility window in males and females.

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The infertility treatment market is segmented:

1) By Product: Equipment, Media and Consumables, Accessories

2) By Procedure: Assisted Reproductive Technology, Artificial Insemination, Fertility Surgeries, Other Infertility Treatment Procedures

3) By Drugs: Clomiphene Citrate, Letrozole, Serophene, Hormone Treatment, Other Drugs

4) By Patient Type: Female Infertility Treatment, Male Infertility Treatment

5) By End User: Hospitals and Surgical Clinics, Cryobanks, Research Institutes

Technology innovation is a key trend gaining popularity in the infertility treatment market. Major companies operating in the infertility treatment market are focused on developing new technological solutions to strengthen their position. For instance, in August 2021, Merck Specialties Pvt. Ltd., an India-based pharmaceutical and chemical products company, launched Pergoveris Pen in India for assisted reproductive technology use. The product is a ready-to-use device that contains both recombinant luteinizing hormone and recombinant follicle-stimulating hormone, and it must be used as directed by an expert in in vitro fertilisation. A globally approved product filled by technology that provides a safer self-administration fertility solution to infertile couples.

The infertility treatment market report table of contents includes: