The Infertility Treatment Devices and Equipment Market size is projected to reach US$ 3.23 billion by 2031 from US$ 1.39 billion in 2022. The market is expected to register a CAGR of 9.83% in 2023–2031. The development of novel infertility treatments such as intracytoplasmic sperm injection are likely to remain key infertility treatment devices and equipment market trends.
Infertility Treatment Devices and Equipment Market Analysis
Infertility is the inability to conceive after one year of unprotected sex. The World Health Organisation (WHO) has recognized it as a public health issue. The global infertility treatment devices and equipment market is experiencing significant growth due to various factors, including the decreasing global fertility rate, the higher success rate of advanced reproductive technologies, and the growing support from the government and other healthcare organizations. These factors are expected to favor the development of new treatments to improve fertility.
Infertility Treatment Devices and Equipment Market Overview
As reported by the WHO, nearly 17.5% of the adults worldwide experience infertility. The lifetime prevalence of the condition was found to be 17.8% in high-income countries and 16.5% in low- and middle-income countries. Rising cases of infertility lead to a growth in the number of patients seeking infertility treatments. This highlighted the need for affordable, high-quality fertility care, which contributes to the expansion of the infertility treatment devices and equipment market.
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Infertility Treatment Devices and Equipment Market: Strategic Insights
Market Size Value in US$ 1,050.00 Million in 2019 Market Size Value by US$ 1,973.68 Million by 2027 Growth rate CAGR of 8.4% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Infertility Treatment Devices and Equipment Market: Strategic Insights
| Market Size Value in | US$ 1,050.00 Million in 2019 |
| Market Size Value by | US$ 1,973.68 Million by 2027 |
| Growth rate | CAGR of 8.4% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Infertility Treatment Devices and Equipment Market Drivers and Opportunities
High Success Rates of Advanced Infertility Treatment Technologies to Favor Market
Reproductive treatments have advanced significantly, expanding the options and success rates of infertility treatments such as Assisted Reproductive Technology (ART). According to an article published in Cureus in October 2022, in the coming years, IVF is anticipated to be widely used across multiple regions globally, leading to the birth of up to 10% of all children and the success rates of In vitro maturation (IVM) have increased up to 56% due to technological advancements, improved necessary tools, and the accumulated experience and training of those performing the procedure. In addition, fertility awareness methods, like ovulation tracking apps, have become more accessible and reliable, enabling informed family planning decisions
Minimally Invasive Devices– An Opportunity in Infertility Treatment
Several abnormalities and conditions, including uterine fibroids, müllerian anomalies, ovarian cysts, and endometriosis, can reduce the chances of pregnancy. These issues can also cause unpleasant side effects, including chronic pelvic pain and heavy bleeding. Surgical intervention can be the most effective treatment for these symptoms in such cases. Adoption of minimally invasive techniques such as laparoscopy and hysteroscopy can address the underlying cause of infertility with reduced pain, recovery time, risk of infection, and blood loss. The procedures involve using small incisions and high-definition cameras that project the area of operation onto a monitor rather than large, open incisions used in conventional surgeries.
infertility treatment devices and equipment market Report Segmentation Analysis
Key segments contributing to the derivation of the infertility treatment devices and equipment Market analysis are product type, procedure, and end user.
- Based on product type, the infertility treatment devices and equipment Market is divided into sperm separation devices, ovum aspiration pumps, sperm analyzer systems, micromanipulator systems, incubators, and others. The ovum aspiration pumps segment held the largest market share in 2023.
- By procedure, the market is segmented into assisted reproductive technology, fertility surgery, and artificial insemination. The artificial insemination segment held the largest market share in 2023. Furthermore, the assisted reproductive technology segment is expected to register the highest CAGR from 2023 to 2031.
- In terms of end user, the market is segmented into fertility clinics, hospitals and other healthcare facilities, and clinical research institutes. The fertility clinics segment dominated the market in 2023.
Infertility Treatment Devices and Equipment Market Share Analysis by Geography
The geographic scope of the infertility treatment devices and equipment market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the infertility treatment devices and equipment market. According to the US Department of Health and Human Services, in 2021, around 2.3% of infants born in the US were conceived using ART, with ~ 413,776 cycles performed at 453 clinics, resulting in 112,088 pregnancies. The increasing number of AR procedures such as IVF, growing infertility rates among men, and the presence of global market players are factors contributing to the dominance of the North America infertility treatment devices and equipment Market. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Infertility Treatment Devices and Equipment Market Report Scope
Infertility Treatment Devices and Equipment Market News and Recent Developments
The infertility treatment devices and equipment market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for infertility treatment devices and equipment:
- Trajan Scientific and Medical supplied CE-IVD-registered Mitra devices to Fertilly, a German start-up. Fertilly launched Europe's first At-Home Fertility Test Kits using dried blood microsampling with VAMS technology. The Mitra microsampling devices allow for quick and easy collection of blood samples through finger sticks, which can then be mailed to a lab for analysis as dried blood. (Source: Trajan Scientific Australia Pty Ltd, Press Release, 2023)
- Merck Specialties Pvt ltd, the healthcare business of Merck in India, launched the Pergoveris Pen for advanced infertility treatment in India. This launch emphasizes the company’s motive of fulfilling unmet medical needs by providing an improved, convenient, and ready-to-use combination treatment option for women with severe follicle-stimulating hormone (FSH) and luteinizing hormone (LH) deficiency. (Source: Merck Specialties Pvt ltd, Press Release, 2021)
Infertility Treatment Devices and Equipment Market Report Coverage and Deliverables
The “Infertility Treatment Devices and Equipment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type ; Procedure ; End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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