Infertility is one of those health disorders that not only affect physically but also psychologically. According to the WHO, around 15% of the world population struggle to conceive naturally, which means approximately over 180 million people require infertility treatment. Several epidemiological studies suggest that there is a significant growth potential for the infertility treatment market in the coming years due to the rise in lifestyle related diseases, increased alcohol consumption, lack of physical activities, and the growth of sexually transmitted diseases, which adversely affect sexuality among men and women. IVF is a popular treatment for infertility due to its intact and highly regularized procedure that contributed to high success rate.

Perspective on Infertility Treatment Market

One in six couples suffer from infertility-related challenges across the globe. This is majorly due to improper family planning, leading to unsafe abortions and delay in childbearing post marriage globally. In most cases, infertility among women is caused due to polycystic ovarian syndrome (PCOS), fallopian tube damage, and hormonal imbalances. Male infertility, on the other hand, is caused on account of low semen production, abnormal sperm function blockades that prevent semen delivery, and low active sperms count.

Infertility treatment is a niche industry with high margins for manufacturers, especially for vendors offering equipment, media, and related consumables that are widely used during assisted reproductive technology (ART) procedures such as In Vitro Fertilization (IVF). Over the past few years, the infertility treatment market has been growing at a healthy rate on account of the rising awareness of the availability of several infertility treatment options through government ad vendor awareness campaigns, the increasing acceptance of IVF procedures, and surge in fertility tourism. Such factors are expected to play key role going forward and bolster the market during the forecast period.

How fertility tourism is driving infertility treatment market? – Read now!

Key Factors Likely to Drive the Market in Future

  • Globally, the prevalence of infertility is increasing at an alarming rate. As a result, the demand for ARTs is increasing due to the rise in awareness and high success rates for ARTs procedures. Further, ART procedures are expected to become increasingly popular across the globe, with around 80% having access to these procedures.

 

  • The rise in obesity is another factor, which is driving the market. The prevalence of obesity in infertile men and women is high the disorder has an adverse impact on pregnancy and sperms quality. Women with a body mass index (BMI) above 27 are three times more likely to suffer from infertility than women with normal BMI. Obesity in men create an imbalance in hormones, resulting in decrease in sexual desires and reduction in the sperm production. On an average, compared to women in normal weight range, the chance of a live birth with IVF is reduced by around 9% in overweight women and 20% in obese women.

 

  • There is a significant increase in financial assistance programs as the success rate of ART procedures such as IVF is high, which is likely to increase its acceptance. Hence, governments, fertility service providers, IVF clinics, non-profit organizations offer reimbursement coverage, loans, discounts, and flexible payment options to increase affordability.

 

  • The increase in popularity of medical tourism, especially fertility tourism, has encouraged several couples to travel abroad seeking state-of-the-art infertility treatment. Approximately 14 million patient cross border to sought infertility services worldwide, which is expected to increase. Countries such as Denmark, India, Malaysia, Turkey, Thailand, Czech Republic, Greece, Spain, and the US are the major destinations for fertility tourism. Japan, India, and the US have a greater number of IVF clinics compared to other countries.
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 Prominent Vendors

  • The Cooper Companies
  • Cook Medical
  • Vitrolife
  • Ferring Pharmaceuticals
  • IVFtech
  • Irvine Scientific
  • Merck KGaA

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