Fertility Services Market – Overview
The fertility services market has been estimated to grow at a noticeable speed in the foreseeable years. The growth prospects in the global market are commonly attributed to numerous factors, for instance, the increasing prevalence of late parenthood. In addition to this, increasing cases of prostate cancer have also been predicted to fuel the growth impetuses in the global market in the near future.
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In recent years, there has been a noteworthy increase in the incidence of infertility cases around the world. Furthermore, the rising trend of delayed pregnancies among women and the growing rate of gamete donations are also fueling expansion opportunities in the near future. At present time, there has been a noteworthy increase in the technological advancements in fertility procedures that further drive growth avenues in the fertility services market during the forecast period.
Fertility Services Market – Key Drivers
People around the world are becoming more aware related to fertility issues. Along with this, favorable reimbursement policies, increasing disposable income, and availability of fertility treatments are also serving as vital factors to bolster the growth impetuses in the upcoming years.
In recent years, numerous innovations are taking place in IVF technology, for instance, capsule IVF and embryoscope. These innovations are likely to drive the growth impetuses in the global market in the following years.
On the flip side, multiple pregnancies, such as triplets, twins, and others, ethical considerations, high cost of devices, and strenuous maintenance issues are predicted to curtail the growth opportunities in the fertility services market in the near future. Furthermore, a high complication rate in fertility services can also curtail the growth impetuses in the global market.
An increase in the cases of same-sex marriages and rising new fertility clinics have been predicted to drive growth opportunities in the fertility services market in the coming years. Furthermore, rising incidences of fertility tourism have also been expected to stimulate the expansion prospects in the forthcoming years.
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Fertility Services Market – Recent Developments and Key Players
The nature of the fertility services market is fragmented in nature with the presence of numerous small and large-scale firms that are spread around the world. These market players are incorporating various growth strategies in order to develop novel growth avenues in the following years. Expansion of company network, mergers and acquisitions, novel product launches, and partnerships or agreements are some pivotal strategies to develop the growth impetuses in the global market. Further, the companies have been using mergers and acquisitions for the utilization of strength, for example, enhancing company portfolio, capturing the untapped markets, broadening distribution network, developing novel products, and some intense R & D activities. The research report on the market provides an extensive competitive analysis as well as profiles of the prominent players.
Some of the key players in the fertility services market are:
- Anecova SA
- Vitrolife AB
- CRITEX GmbH
- Esco Micro Pte. Ltd.
- The Cooper Companies Inc.
- Instituto Bernabeu SL
- Merck KGaA
- Virtus Health Ltd.
- Monash IVF Group
Fertility Services Market – Regional Assessment
The fertility services market has been divided into five major regions including North America, the Middle East & Africa, Europe, Latin America, and Asia Pacific on the basis of geographical locations. North America has been projected to hold a noticeable share in the global market. The growth in the regional market is attributed to the increase in fertility tourism in recent years. Italy, Germany, the UK, and the US are some of the key countries that are contributing to the growth prospects in the regional market in the near future.
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