Fertility Services Market Scope and Key Players Analysis by 2031
Fertility Services Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 32.99 Billion |
Market Size by 2031 | US$ 67.12 Billion |
Global CAGR (2023 - 2031) | 9.3% |
Historical Data | 2021-2023 |
Forecast period | 2023-2031 |
Segments Covered |
By Procedure
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Industry Developments and Future Opportunities – Fertility Services Market:
According to the press releases by leading players operating in the fertility services market, a few initiatives are listed below:
- In October 2022, Indira IVF collaborated with Maven Clinic, a US-based company specializing in women's and family health with the help of telemedicine-based virtual clinics. The collaboration aims to provide Maven members in India access to Indira IVF's high-quality clinical care, other benefits, and the best virtual family education care available through the Maven platform. Indira IVF is an India-based chain of specialty infertility clinics.
- In August 2022, Genea Fertility was a Platinum Sponsor at the Australian Jewish Fertility Network's (AJFN) Annual Major Fundraiser.
- In December 2021, Cooper Surgical, a leading provider of women's health solutions, acquired Generate Life Sciences for US$1.6 billion. With this acquisition, Cooper Surgical offers an even greater selection of fertility and OB/GYN centers. Generate Life Sciences is a US-based company that provides donor eggs and sperm to fertility cryopreservation services, fertility treatment centers, and newborn stem cell storage.
- In July 2021, Hamilton Throne Ltd., a global provider of ART research, purchased IVFTECH ApS (IVFtech) and its subsidiary K4 Technology ApS. K4, IVFtech is committed to offer large-capacity laminar flow workstations and incubators for ART. The acquisition cost was US$8 million.
- In May 2021, Virtus Health, a global leader in Assisted Reproductive Services (ARS), announced a strategic collaboration with Drop Bio, an Australian biotechnology and digital health company focused on chronic inflammation, driving advances in the delivery of precision fertility.
- In February 2021, Cooper Surgical, a leading provider of women's health solutions, announced a multi-year strategic collaboration with Virtus Health, a global leader in assisted reproductive services, to drive innovation, digitalization, and advances in fertility treatment.
- In November 2020, Ferring B.V. and Igenomix entered into a research collaboration for four years to develop novel therapeutic products to treat patients affected by pregnancy-related diseases.
Competitive Landscape and Key Companies – Fertility Services Market:
CooperSurgical, Inc.; Vitrolife; Cook Medical; Care Fertility; INVO Bioscience; Carolinas Fertility Institute; Genea Limited; Merck KgaA; LABOTECT GmbH; and Monash IVF Group Limited are the prominent market players profiled in fertility services market report. These companies focus on new technologies, existing product advancements, and geographic expansions to meet the growing consumer demand worldwide.