This report describes and explains the fertility services market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global fertility services market reached a value of nearly $47,174.4 million in 2022, having grown at a compound annual growth rate (CAGR) of 8.6% since 2017. The market is expected to grow from $47,174.4 million in 2022 to $90,138.5 million in 2027 at a rate of 13.8%. The market is then expected to grow at a CAGR of 13.1% from 2027 and reach $166,997.0 million in 2032.
Growth in the historic period resulted from high prevalence of PCOS (polycystic ovary syndrome), the increasing cases of premature ovarian failure, the rise in male infertility, insurance providers offering coverage for IVF (in vitro fertilization) procedures and the increase in same-sex couples. Factors that negatively affected growth in the historic period were high cost of fertility services, low rates of IVF success, the increased chances of abnormality, risks and side effects associated with IVF and COVID-19 impact.
Going forward, the rising infertility rate, technological developments in fertility treatment, the growing adoption of fertility services to aid in pregnancy, the increasing government initiatives, the rise in disposable income and the growing trend of late parenthood will drive the growth. Factors that could hinder the growth of the fertility services market in the future include inadequate reimbursement policies, stringent government policies, ethical concerns related to IVF, expensive treatment and the Russia-Ukraine war impact.
The fertility services market is segmented by procedure into assisted reproductive technology (ART), in-vitro fertilization and artificial insemination. The assisted reproductive technology (ART) market was the largest segment of the fertility services market segmented by procedure, accounting for 64.0% of the total in 2022. Going forward, the assisted reproductive technology (ART) segment is expected to be the fastest growing segment in the fertility services market segmented by procedure, at a CAGR of 15.8% during 2022-2027.
The fertility services market is segmented by service into fresh non-donor, frozen non-donor, egg and embryo banking, fresh donor, and frozen donor. The fresh non-donor market was the largest segment of the fertility services market segmented by service accounting for 47.2% of the total in 2022. Going forward, the fresh non-donor segment is expected to be the fastest growing segment in the fertility services market segmented by service, at a CAGR of 14.5% during 2022-2027.
The fertility services market is segmented by application into male and female. The female market was the largest segment of the fertility services market segmented by application, accounting for 50.2% of the total in 2022. Going forward, the male segment is expected to be the fastest growing segment in the fertility services market segmented by application, at a CAGR of 13.83% during 2022-2027.
Western Europe was the largest region in the fertility services market, accounting for 28.9% of the total in 2022. It was followed by North America, and Asia-Pacific, then the other regions. Going forward, the fastest-growing regions in the fertility services market will be OPEC and Eastern Europe where growth will be at CAGRs of 25.4% and 17.6% respectively. These will be followed by Asia Pacific and South America where the markets are expected to grow at CAGRs of 14.7% and 14.1% respectively.
The fertility services market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 11.08% of the total market in 2021. Companies in fertility services market face intense competition from new entrants and local service providers. This can be due to the existence of number of local players in the market serving customers in particular geographies. The market completion is characterized by advances in technology, prices and availability of services. Vitrolife was the largest competitor with 4.67% of the market, followed by Merck KGaA with 3.71%, Progyny Inc. with 0.87%, Monash IVF Group with 0.34%, Virtus Health with 0.32%, Medicover Group with 0.30%, Apollo Hospitals Enterprise Ltd. with 0.28%, Integramed America, Inc. with 0.27%, The Johns Hopkins Health System Corp with 0.19% and Care Fertility with 0.14%.
The top opportunities in the fertility services market segmented by procedure will arise in the assisted reproductive technology (ART) segment, which will gain $32,664.0 million of global annual sales by 2027. The top opportunities in the fertility services market segmented by service will arise in the fresh non-donor segment, which will gain $21,607.5 million of global annual sales by 2027. The top opportunities in the fertility services market segmented by application will arise in the female segment, which will gain $21,567.8 million of global annual sales by 2027. The fertility services market size will gain the most in the USA at $10,826.1 million.
Market-trend-based strategies for the fertility services market include focus on artificial intelligence in fertility services, technological advancements, preimplantation genetic testing for aneuploidy screening (PGT-A), DNA fragmentation index (DFI), blockchain-based fertility service apps, IoT (Internet of Things) in in-vitro fertilization services, strategic partnerships and mergers and acquisitions.
Player-adopted strategies in the fertility services market include strengthening business by technology advancement in services through strategic acquisitions, focus on bringing advancements in personalized fertility treatment and strengthening position in the fertility services market by increasing awareness about infertility.
To take advantage of the opportunities, the publisher recommends the fertility services companies to focus on artificial intelligence in fertility services, increase focus on IoT in in-vitro fertilization services, focus on technological advancements, focus on blockchain-based fertility service apps, focus on fast-growing services, expand in emerging markets, continue to focus on developed markets, target regions with high infertility prevalence, focus on partnerships and collaborations, focus on mergers and acquisitions, provide competitively priced offerings, participate in trade shows and events, focus on online marketing, target male patients and continue to focus on patients demanding fast-growing procedures.
The global fertility services market reached a value of nearly $47,174.4 million in 2022, having grown at a compound annual growth rate (CAGR) of 8.6% since 2017. The market is expected to grow from $47,174.4 million in 2022 to $90,138.5 million in 2027 at a rate of 13.8%. The market is then expected to grow at a CAGR of 13.1% from 2027 and reach $166,997.0 million in 2032.
Growth in the historic period resulted from high prevalence of PCOS (polycystic ovary syndrome), the increasing cases of premature ovarian failure, the rise in male infertility, insurance providers offering coverage for IVF (in vitro fertilization) procedures and the increase in same-sex couples. Factors that negatively affected growth in the historic period were high cost of fertility services, low rates of IVF success, the increased chances of abnormality, risks and side effects associated with IVF and COVID-19 impact.
Going forward, the rising infertility rate, technological developments in fertility treatment, the growing adoption of fertility services to aid in pregnancy, the increasing government initiatives, the rise in disposable income and the growing trend of late parenthood will drive the growth. Factors that could hinder the growth of the fertility services market in the future include inadequate reimbursement policies, stringent government policies, ethical concerns related to IVF, expensive treatment and the Russia-Ukraine war impact.
The fertility services market is segmented by procedure into assisted reproductive technology (ART), in-vitro fertilization and artificial insemination. The assisted reproductive technology (ART) market was the largest segment of the fertility services market segmented by procedure, accounting for 64.0% of the total in 2022. Going forward, the assisted reproductive technology (ART) segment is expected to be the fastest growing segment in the fertility services market segmented by procedure, at a CAGR of 15.8% during 2022-2027.
The fertility services market is segmented by service into fresh non-donor, frozen non-donor, egg and embryo banking, fresh donor, and frozen donor. The fresh non-donor market was the largest segment of the fertility services market segmented by service accounting for 47.2% of the total in 2022. Going forward, the fresh non-donor segment is expected to be the fastest growing segment in the fertility services market segmented by service, at a CAGR of 14.5% during 2022-2027.
The fertility services market is segmented by application into male and female. The female market was the largest segment of the fertility services market segmented by application, accounting for 50.2% of the total in 2022. Going forward, the male segment is expected to be the fastest growing segment in the fertility services market segmented by application, at a CAGR of 13.83% during 2022-2027.
Western Europe was the largest region in the fertility services market, accounting for 28.9% of the total in 2022. It was followed by North America, and Asia-Pacific, then the other regions. Going forward, the fastest-growing regions in the fertility services market will be OPEC and Eastern Europe where growth will be at CAGRs of 25.4% and 17.6% respectively. These will be followed by Asia Pacific and South America where the markets are expected to grow at CAGRs of 14.7% and 14.1% respectively.
The fertility services market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 11.08% of the total market in 2021. Companies in fertility services market face intense competition from new entrants and local service providers. This can be due to the existence of number of local players in the market serving customers in particular geographies. The market completion is characterized by advances in technology, prices and availability of services. Vitrolife was the largest competitor with 4.67% of the market, followed by Merck KGaA with 3.71%, Progyny Inc. with 0.87%, Monash IVF Group with 0.34%, Virtus Health with 0.32%, Medicover Group with 0.30%, Apollo Hospitals Enterprise Ltd. with 0.28%, Integramed America, Inc. with 0.27%, The Johns Hopkins Health System Corp with 0.19% and Care Fertility with 0.14%.
The top opportunities in the fertility services market segmented by procedure will arise in the assisted reproductive technology (ART) segment, which will gain $32,664.0 million of global annual sales by 2027. The top opportunities in the fertility services market segmented by service will arise in the fresh non-donor segment, which will gain $21,607.5 million of global annual sales by 2027. The top opportunities in the fertility services market segmented by application will arise in the female segment, which will gain $21,567.8 million of global annual sales by 2027. The fertility services market size will gain the most in the USA at $10,826.1 million.
Market-trend-based strategies for the fertility services market include focus on artificial intelligence in fertility services, technological advancements, preimplantation genetic testing for aneuploidy screening (PGT-A), DNA fragmentation index (DFI), blockchain-based fertility service apps, IoT (Internet of Things) in in-vitro fertilization services, strategic partnerships and mergers and acquisitions.
Player-adopted strategies in the fertility services market include strengthening business by technology advancement in services through strategic acquisitions, focus on bringing advancements in personalized fertility treatment and strengthening position in the fertility services market by increasing awareness about infertility.
To take advantage of the opportunities, the publisher recommends the fertility services companies to focus on artificial intelligence in fertility services, increase focus on IoT in in-vitro fertilization services, focus on technological advancements, focus on blockchain-based fertility service apps, focus on fast-growing services, expand in emerging markets, continue to focus on developed markets, target regions with high infertility prevalence, focus on partnerships and collaborations, focus on mergers and acquisitions, provide competitively priced offerings, participate in trade shows and events, focus on online marketing, target male patients and continue to focus on patients demanding fast-growing procedures.
Table of Contents
1. Executive Summary2. Table Of Contents3. List Of Figures4. List Of Tables5. Report Structure
6. Introduction and Market Characteristics
7. Major Market Trends
8. Global Market Size and Growth
9. Global Fertility Services Market Segmentation
10. Fertility Services Market, Regional and Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
15. South America Market
16. Middle East Market
17. Africa Market
18. Organization of the Petroleum Exporting Countries (OPEC) Market
19. Competitive Landscape And Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Fertility Services Market, Conclusions And Recommendations
23. Appendix
Executive Summary
Fertility Services Global Market Opportunities And Strategies To 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global fertility services market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Description:
Where is the largest and fastest growing market for fertility services? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The fertility services market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider fertility services market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics
- Key Trends
- Global Market Size and Growth
- Regional Analysis
- Market Segmentation
- Regional Market Size and Growth
- Competitive Landscape
- Key Mergers and Acquisitions
Market Opportunities And Strategies
- This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions And Recommendations
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope:
Markets Covered:
1) By Procedure: Assisted Reproductive Technology (Art); In-Vitro Fertilization; Artificial Insemination2) By Service: Fresh Non-Donor; Frozen Non-Donor; Egg And Embryo Banking; Fresh Donor; Frozen Donor
3) By Application: Male; Female
Companies Mentioned: Vitrolife; Merck KGaA; Progyny Inc.; Monash IVF Group; Virtus Health
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; fertility services indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Vitrolife
- Merck KGaA
- Progyny Inc.
- Monash IVF Group
- Virtus Health
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 404 |
| Published | May 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 47174.4 Million |
| Forecasted Market Value ( USD | $ 166997 Million |
| Compound Annual Growth Rate | 13.5% |
| Regions Covered | Global |
