Infertility Treatment Devices And Equipment Market
Infertility Treatment Devices and Equipment Market Forecasts to 2028 - Global Analysis By Product Type (Incubators, Sperm Separation Devices, Ovum Aspiration Pumps, Micromanipulator Systems, Sperm Analyzer Systems, Gas Analyzers, Laser Systems, Cryosystems and Other Product Types), Procedure, End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $1.6 BN |
|
Projected Year Value (2028) |
US $2.9 BN |
|
CAGR (2022 - 2028) |
10.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Infertility Treatment Devices and Equipment Market is accounted for $1.6 billion in 2022 and is expected to reach $2.9 billion by 2028 growing at a CAGR of 10.4% during the forecast period. Infertility is the inability to conceive or become pregnant. Primary infertility is a possibility. Patients have access to a wide range of technology and devices for treating infertility. Since there is a low fertility rate, there will be an increase in people seeking infertility therapy during the next few years. Numerous businesses have created unique tools and techniques for quick, efficient, and affordable reproductive treatments.
According to the United Nations, the global fertility rate is expected to fall to 2.4 births per woman by 2030 and 2.2 births per woman by 2050 (UN). Currently, 46% of the world's population resides in countries with low fertility rates. Another 46% of the population lives in nations with intermediate fertility, and the last 8% lives in high fertility countries.
Market Dynamics:
Driver:
Improvements in assisted reproductive treatments
One of the most advanced infertility treatments is time-lapse imaging. Without disrupting the culture, time-lapse imaging can be used to periodically monitor the embryonic growth process. Every day, embryos would be removed from the incubator for monitoring procedures to examine them. Due to advancements in technology and the use of computers, embryos can continue to grow in the incubator without being interrupted. Consequently, this is the main driver causing the industry to rise.
Restraint:
Multiplicity and risk of preterm delivery
When more than one foetus is transplanted into the mother's uterus during IVF infertility therapy, multiple pregnancies are more likely, and if the infants are multiple, the risk of preterm delivery is increased. IVF-created embryos are born early and have smaller weights than typical embryos. Ovarian hyper stimulation syndrome symptoms include rapid weight gain and shortness of breath. Therefore, this is the main factor hindering market growth.
Opportunity:
Declining fertility rate
Due to a variety of circumstances, including the rising trend of late marriages and the rise in age-related infertility, the fertility rate globally is progressively dropping. An individual's inability to develop a healthy clinical pregnancy is referred to as infertility. The demand for infertility treatment goods has significantly increased as a result of the dropping fertility rate. A number of factors, such as a rise in late marriages and an increase in age-related infertility, are contributing to the gradual decline in the global fertility rate.
Threat:
High costs associated with assisted reproductive technology
Thousands of cycles of ART procedures including in vitro fertilisation (IVF) are carried out each year in addition to fertility surgery. Due to the absence of reimbursement policies, the cost of IVF therapy varies from nation to nation. Strict government rules, a shortage of competent staff, rising treatment prices, and expensive infertility treatment technologies are a few of the issues impeding the market's expansion.
Covid-19 Impact
The expansion of the COVID-19 is in decline due to the major difficulties that patients and professional healthcare practitioners are experiencing. Organising logistics, prioritising patients and conditions, treating sick patients, and shielding medical staff and other front-line workers from the virus are just a few of the significant difficulties. The Pandemic had a negative effect on the market for infertility treatment devices due to the declining effect on businesses, patient disease management, logistical issues, prioritising patients, and the critical need to protect the general public and hospital frontline staff from virus exposure.
The sperm separation devices segment is expected to be the largest during the forecast period
The sperm separation devices segment is estimated to have a lucrative growth, due to they are used in assisted reproductive treatments. Additionally, these devices have a shorter shelf life than other types of capital equipment like incubators. To ensure maximum productivity, this equipment must be replaced in a few years. Devices for sperm separation can isolate highly mobile sperms with strong DNA integrity from a semen sample.
The fertility clinics segment is expected to have the highest CAGR during the forecast period
The fertility clinics segment is anticipated to witness the fastest CAGR growth during the forecast period, due to offer couples counselling and treatment plans based on the severity and causes of their infertility. At accredited fertility clinics, all forms of infertility treatment treatments are carried out. Before beginning the treatment processes, consultation is required, during which the causes of infertility are determined. In order to improve the likelihood of pregnancy, fertility doctors can also recommend fertility medicines.
Region with Largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the rise in fertility tourism, an increase in the number of international players focusing on entering the market in economically developing countries, and changing regulatory landscape. It raises awareness of ART & infertility and improves the availability of infertility-related services in the area. It is also predicted that increasing government efforts to improve access to infertility treatment will accelerate market expansion in the region.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the increasing number of market players and the launch of new products. The region's market is expected to increase as a result of the introduction of cutting-edge technologies, which offer enormous growth opportunities for hospitals, equipment manufacturers, and fertility clinics.
Key players in the market
Some of the key players profiled in the Infertility Treatment Devices and Equipment Market include Thermo Fisher Scientific, Genea Biomedx Ltd., Esco Micro Pte Ltd., FUJIFILM Irvine Scientific, The Baker Company INC., AB Scientific Ltd, The Cooper Companies Inc., Hamilton Thorne, Inc, Cook Medical, Vitrolife, Art Biotech Pvt. Ltd., Irvine Scientific, Dxnow, Inc., LabIVF Asia Pte Ltd., Rocket Medical plc and Microptic.
Key Developments:
In February 2022, Cooper Companies Inc., a medical device company, announced that had signed a binding letter of intent to acquire Cook Medical’s Reproductive Health business, a manufacturer of minimally invasive medical devices focused on the fertility, obstetrics and gynecology markets.
In February 2021, CooperSurgical announced a partnership with Virtus Health to strengthen its fertility technology, increasing the accessibility of advanced treatment to infertile couples.
Product Types Covered:
• Incubators
• Sperm Separation Devices
• Ovum Aspiration Pumps
• Micromanipulator Systems
• Sperm Analyzer Systems
• Gas Analyzers
• Laser Systems
• Cryosystems
• Other Product Types
Procedures Covered:
• Artificial Insemination
• Assisted Reproductive Technology
• Fertility Surgery
• Other Procedures
End Users Covered:
• Clinical Research Institutes
• Hospitals
• Fertility Clinics
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Infertility Treatment Devices and Equipment Market, By Product Type
5.1 Introduction
5.2 Incubators
5.3 Sperm Separation Devices
5.4 Ovum Aspiration Pumps
5.5 Micromanipulator Systems
5.6 Sperm Analyzer Systems
5.7 Gas Analyzers
5.8 Laser Systems
5.9 Cryosystems
5.10 Other Product Types
6 Global Infertility Treatment Devices and Equipment Market, By Procedure
6.1 Introduction
6.2 Artificial Insemination
6.2.1 Intracervical Insemination
6.2.2 Intratubal Insemination
6.2.3 Intrauterine Insemination
6.3 Assisted Reproductive Technology
6.3.1 Intracytoplasmic Sperm Injection
6.3.2 Surrogacy
6.3.3 In Vitro Fertilization
6.4 Fertility Surgery
6.4.1 Laparoscopy
6.4.2 Tubal Ligation Reversal
6.4.3 Varicocelectomy
6.4.4 Laparotomy
6.4.5 Hysteriscopy
6.4.6 Microsurgical Reconstruction
6.5 Other Procedures
7 Global Infertility Treatment Devices and Equipment Market, By End User
7.1 Introduction
7.2 Clinical Research Institutes
7.3 Hospitals
7.4 Fertility Clinics
7.5 Other End Users
8 Global Infertility Treatment Devices and Equipment Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Thermo Fisher Scientific
10.2 Genea Biomedx Ltd.
10.3 Esco Micro Pte Ltd.
10.4 FUJIFILM Irvine Scientific
10.5 The Baker Company INC.
10.6 AB Scientific Ltd
10.7 The Cooper Companies Inc.
10.8 Hamilton Thorne, Inc
10.9 Cook Medical
10.10 Vitrolife
10.11 Art Biotech Pvt. Ltd.
10.12 Irvine Scientific
10.13 Dxnow, Inc.
10.14 LabIVF Asia Pte Ltd.
10.15 Rocket Medical plc
10.16 Microptic
List of Tables
1 Global Infertility Treatment Devices and Equipment Market Outlook, By Region (2020-2028) ($MN)
2 Global Infertility Treatment Devices and Equipment Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Infertility Treatment Devices and Equipment Market Outlook, By Incubators (2020-2028) ($MN)
4 Global Infertility Treatment Devices and Equipment Market Outlook, By Sperm Separation Devices (2020-2028) ($MN)
5 Global Infertility Treatment Devices and Equipment Market Outlook, By Ovum Aspiration Pumps (2020-2028) ($MN)
6 Global Infertility Treatment Devices and Equipment Market Outlook, By Micromanipulator Systems (2020-2028) ($MN)
7 Global Infertility Treatment Devices and Equipment Market Outlook, By Sperm Analyzer Systems (2020-2028) ($MN)
8 Global Infertility Treatment Devices and Equipment Market Outlook, By Gas Analyzers (2020-2028) ($MN)
9 Global Infertility Treatment Devices and Equipment Market Outlook, By Laser Systems (2020-2028) ($MN)
10 Global Infertility Treatment Devices and Equipment Market Outlook, By Cryosystems (2020-2028) ($MN)
11 Global Infertility Treatment Devices and Equipment Market Outlook, By Other Product Types (2020-2028) ($MN)
12 Global Infertility Treatment Devices and Equipment Market Outlook, By Procedure (2020-2028) ($MN)
13 Global Infertility Treatment Devices and Equipment Market Outlook, By Artificial Insemination (2020-2028) ($MN)
14 Global Infertility Treatment Devices and Equipment Market Outlook, By Intracervical Insemination (2020-2028) ($MN)
15 Global Infertility Treatment Devices and Equipment Market Outlook, By Intratubal Insemination (2020-2028) ($MN)
16 Global Infertility Treatment Devices and Equipment Market Outlook, By Intrauterine Insemination (2020-2028) ($MN)
17 Global Infertility Treatment Devices and Equipment Market Outlook, By Assisted Reproductive Technology (2020-2028) ($MN)
18 Global Infertility Treatment Devices and Equipment Market Outlook, By Intracytoplasmic Sperm Injection (2020-2028) ($MN)
19 Global Infertility Treatment Devices and Equipment Market Outlook, By Surrogacy (2020-2028) ($MN)
20 Global Infertility Treatment Devices and Equipment Market Outlook, By In Vitro Fertilization (2020-2028) ($MN)
21 Global Infertility Treatment Devices and Equipment Market Outlook, By Fertility Surgery (2020-2028) ($MN)
22 Global Infertility Treatment Devices and Equipment Market Outlook, By Laparoscopy (2020-2028) ($MN)
23 Global Infertility Treatment Devices and Equipment Market Outlook, By Tubal Ligation Reversal (2020-2028) ($MN)
24 Global Infertility Treatment Devices and Equipment Market Outlook, By Varicocelectomy (2020-2028) ($MN)
25 Global Infertility Treatment Devices and Equipment Market Outlook, By Laparotomy (2020-2028) ($MN)
26 Global Infertility Treatment Devices and Equipment Market Outlook, By Hysteriscopy (2020-2028) ($MN)
27 Global Infertility Treatment Devices and Equipment Market Outlook, By Microsurgical Reconstruction (2020-2028) ($MN)
28 Global Infertility Treatment Devices and Equipment Market Outlook, By Other Procedures (2020-2028) ($MN)
29 Global Infertility Treatment Devices and Equipment Market Outlook, By End User (2020-2028) ($MN)
30 Global Infertility Treatment Devices and Equipment Market Outlook, By Clinical Research Institutes (2020-2028) ($MN)
31 Global Infertility Treatment Devices and Equipment Market Outlook, By Hospitals (2020-2028) ($MN)
32 Global Infertility Treatment Devices and Equipment Market Outlook, By Fertility Clinics (2020-2028) ($MN)
33 Global Infertility Treatment Devices and Equipment Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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