The major factors attributing to the growth of the Infertility Treatment Devices market are significant changes in lifestyle which contributed to the rise in infertility and prevalence of conditions such as Polycystic Ovary Syndrome (PCOS). Also, a constant increase in the incidence of infertility in both sexes is projected to drive the market. For instance, according to the United Nations (UN), the global fertility rate is expected to decline to 2.4 births per woman by 2030 and 2.2 births per woman by 2050. Furthermore, the rise in government support combined with enhanced public health awareness and measures fuel the infertility treatment devices market.
Key Market Trends
Sperm Separation Devices Segment By Type is Expected to Hold the Largest Market Share in the Infertility Treatment Devices Market
Sperm separation devices segment was expected to account for the largest share in the infertility treatment devices market. Sperm separation devices are used in most of the ARTs such as IVF and artificial insemination. These devices are crucial for ARTs as they provide purified samples for further procedures.
Imaging systems segment is expected to hold the largest revenue over the forecast period. This segment is growing rapidly owing to its non-invasive time-lapse technology, which prevents embryos from getting disturbed in the culture during their assessment.
By the end user segment, recently, fertility clinics led the highest revenue share and expected to continue throughout the forecast period. These clinics offer couple counseling and plan treatments based on the causes and severity of their infertility.
Asia Pacific is Expected to Witness the Fastest Growth Rate Over the Forecast Period
Asia-Pacific region is expected to witness the fastest growth in the forthcoming years due to an increase in the infertility rate in this region and the availability of various reimbursement schemes in developed regions is likely to further fuel the regional expansion. The increasing number of couples opting for ARTs along with Advanced technologies offering promising growth for fertility clinics, hospitals, and device manufacturers to expand the market presence.
However, the high cost of IVF procedures along with risks of infections and unfavorable scarring restrain the growth of the Infertility Treatment Devices market in the region. The required treatment procedures are still out of reach for many because of the high costs involved and country-wise regulatory issues are the major factors hindering the Infertility testing and treatment market. The treatment is still beyond the reach of numerous infertile couples.
The Infertility Treatment Devices Market is moderately competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some prominent players are vigorously making acquisitions with the other companies to consolidate their market positions across the globe and while others are distributing products.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in Infertility and Prevalence of Conditions Such as Polycystic Ovary Syndrome (PCOS)
4.2.2 Increased Incidences of Infertility In Both Sexes
4.3 Market Restraints
4.3.1 Lack of Availability to People Due to Higher Cost of IVF Procedures
4.3.2 Possible Risk of Baby Being Born with Birth Defects, Risks of Infections and Unfavorable Scarring
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Sperm Separation Devices
5.1.2 Ovum Aspiration Pumps
5.1.3 Sperm Analyzer Systems
5.1.4 Micromanipulator Systems
5.1.7 Imaging Systems
5.2 By End-user
5.2.1 Fertility Clinics
5.2.2 Hospitals & Other Healthcare Facilities
5.2.3 Clinical Research Institutes
5.3.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle-East and Africa
5.3.5 South America
188.8.131.52 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 CooperSurgical Inc
6.1.2 Cook Medical Inc
6.1.5 Eppendorf Ag
6.1.6 Ab Scientific Ltd
6.1.7 Hamilton Thorne Inc
6.1.8 Ivftech Aps
6.1.9 Rocket Medical Plc
6.1.10 Art Biotech Pvt Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.