Fertility Services Market: Global Trends, Share, Industry Size, Growth, Forecast To 2032

- December 11, 2023

The Fertility Services Global Market Report 2023 by The Business Research Company, provides fertility services 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 Fertility Services Global Market Report 2023, the global fertility services market size will grow from $47.17 billion in 2022 to $54.12 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. 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 fertility services is expected to grow to $90.14 billion in 2027 at a CAGR of 13.6%.

Growing infertility rates are anticipated to boost the demand for fertility services during the forecast period. Various social and environment-related factors such as lifestyle changes including obesity, stress or depression, and high consumption of alcohol contribute to a surge in infertility rates, thereby generating the high requirement for fertility services.

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The fertility services market is segmented:

1) By Procedure: Assisted Reproductive Technology (ART), In-Vitro Fertilization, Artificial Insemination
2) By Service: Fresh Non-Donor, Frozen Non-Donor, Egg and Embryo Banking, Fresh Donor, Frozen Donor
3) By Application: Male, Female

Companies in the fertility services market have witnessed significant growth in the number of research collaborations as well as research funding approvals. Key companies operating in the market are projected to increase their R&D expenditure to introduce new advanced techniques and drugs used for fertility treatments. For instance, in October 2022, Maven Clinic, a US-based company specializing in telemedicine-based virtual clinic for women's and family health, collaborated with Indira IVF. The collaboration aimed at providing access to Maven members in India to Indira IVF's high-quality clinical care, other perks, and the best virtual family-building care available through the Maven platform. Indira IVF is an India-based infertility speciality clinic chain. Furthermore, in February 2021, CooperSurgical, a US-based company specializing in women’s health care solutions, collaborated with Virtus Health. The collaboration aimed at emphasizing on digitalization, cryogenics, and reproductive genetics, the cooperation will lead initiatives to assist patients' fertility journeys, including those who require egg, sperm, or embryo donations. Virtus Health is an Australia-based company specializing in fertility services

Top 5 Major Key Players Are:
Merck KGaA
Care FertilityI
NVO Bioscience
Vitrolife
Monash IVF Group

Table Of Contents

1. Executive Summary

2. Fertility Services Market Characteristics

3. Fertility Services Market Trends And Strategies
4. Fertility Services Market – Macro Economic Scenario
5. Fertility Services Market Size And Growth
......
26. Africa Fertility Services Market
27. Fertility Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fertility Services Market
29. Fertility Services Market Future Outlook and Potential Analysis
30. Appendix

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