Global Fertility Services Market Size, Share And Forecast To 2031

(MENAFN- Straits Research) Introduction

Treatments that help patients with infertility include fertility services. Different infertility services, such as in-vitro fertilization (IVF), surrogacy, artificial insemination, and others, help infertile couples, single mothers, and the LGBT community have children. Due to the high prevalence of infertility problems, the growing tendency of women to delay pregnancies, the rise in technological improvements in fertility operations, and the rise in gamete donations, the global market for fertility services is anticipated to have significant expansion in the future. In addition, the availability of reproductive therapies, the rise in disposable income, and advantageous reimbursement regulations all contribute to the Fertility Services market's expansion .

Market Dynamics Continuous Decline in Fertility Rates Drive the Global Fertility Services Market

A rapid increase in the infertility rate is one of the significant factors that drive the growth of the fertility services market. One in every four couples in emerging nations is affected by infertility. According to macrotrends (2019), the global fertility rate in 2019 was 2.458 births per woman, a 0.41% decline from 2018. Furthermore, lifestyle habits such as smoking also affect fertility rates, including stress, nutrition, alcohol, obesity, etc. The rise in infertility rates is not only due to lifestyle changes but also to diseases such as sexually transmitted diseases (STDs) and fertility-related diseases. Hence, the increase in infertility rates in the near future is anticipated to augment the market's growth.

Rise in Fertility Tourism Creates Umpteen Market Opportunities

Fertility or reproductive tourism is the practice of traveling to other countries for fertility treatments. The critical reasons for fertility tourism are legal prohibitions, stringent regulations or non-availability of fertility procedures in the home country, and the lower costs coupled with technological advancements in fertility tourism destinations. Since Mexico has lenient laws governing in-vitro fertilization procedures, it has become a favorite destination for fertility tourists. The top destination for fertility tourism in Israel.

Leading locations for various infertility treatments include India and other Asian nations. In addition, egg donation is legal in several European countries, such as Italy and Germany. Thus, many women prefer to go to these European countries where they can be paid for egg donations. Fertility tourism promotes fertility services, especially in emerging markets, creating lucrative market growth opportunities.

Regional Insights

Asia-Pacific holds the leading position in the global fertility services market . It is also expected to be the fastest-growing region, growing at a CAGR of 18.3% during the forecast period. Due to the region's rising infertility rate, a tendency toward later-term pregnancies, an explosion in IVF success rates, and an increase in disposable income, the Asia-Pacific IVF services market is predicted to develop significantly throughout the forecast period. One of the extensively utilized methods for helping persons with infertility issues, including couples, single mothers, and members of the LGBT community, is in vitro fertilization (IVF). Additionally, the market for IVF treatments in Asia-Pacific has sustained development potential due to the surge in fertility tourism.

North America is the second-largest region and is projected to reach USD 9,110 million, growing at a CAGR of 13.6% during the forecast period. It presents abundant opportunities for players operating in the fertility services market, owing to its high population base, growth in knowledge about fertility treatment, rise in popularity of IVF in the US, increase in the rate of infertility and practices of embryo banking cycles, technological advancements, and delayed pregnancy trends. The rate of fertilization with IVF in the age range of 35–39 years is reportedly very high, according to the Centers for Disease Control and Prevention (CDC). The reproductive system's inability to create completely formed eggs for fertilization increases the chance of genetic diseases in the egg in older women (those over the age of 40). Therefore, an increase in the tendency of women to delay childbearing will fuel the market for fertility services.

Europe houses 40% of the world's IVF clinics, which has proved to be a significant contributor to the success of the European infertility testing and treatment market. The region has also witnessed substantial investments from global market leaders. The overall outlook for the European market looks promising as its superior IVF technology attracts considerable investments from private equity investors. Also, DIY testing has increased access and helped reduce the costs of infertility testing and treatment. Both these factors provide lucrative opportunities for fertility services market growth.

Key Highlights

• The global fertility services market generated USD 21,718 million in 2021. It is projected to reach USD 82,600 million by 2030, growing at a CAGR of 16% during the forecast period (2022–2030).
• Based on procedure, the global fertility services market is divided into IVF with Intracytoplasmic Sperm Injection (ICSI), Surrogacy, IVF without ICSI, Intrauterine Insemination (IUI), and Others. IVF with ICSI procedure has the highest market share and is estimated to grow at a CAGR of 16.9% during the forecast period.
• Based on service, the global fertility services market is categorized into Fresh Non-Donor, Frozen Non-Donor, Egg & Embryo Banking, Fresh Donor, and Frozen Donor. The Fresh Non-Donor segment is a significant revenue contributor and is estimated to grow at a CAGR of 16.4% during the forecast period.
• Based on end-user, the global fertility services market is segmented into Fertility Clinics, Hospitals, Surgical Centers, and Clinical Research Institutes. The Fertility Clinics Segment holds the highest share of the global fertility services market and is estimated to grow at a CAGR of 15.3% during the forecast period.
• Based on regions, the global fertility services market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific holds the leading position in the global fertility services market and is expected to grow at a CAGR of 18.3% during the forecast period.

Competitive Players

Monash IVF Group Limited

Medicover Group

Genea Limited

Fertility Associates Limited

City Fertility

Carolinas Fertility Institute

Care Fertility Group Ltd.

Apollo Hospitals Enterprise Ltd.

Merck KGaA

Progyny Inc.

Virtus Health

Pacific Fertility Center of Los Angeles (PFCLA)

Mayo Foundation for Medical Education and Research (MFMER)

Cleveland Clinic

Apricity Fertility UK Limited

King's Fertility Limited

Aspire Fertility Recent Developments

Recent Developments

• August 2024 - Alchemist-Ojas Hospital in Panchkula launched its advanced infertility treatment and IVF services , offering state-of-the-art technology and personalized care. The facility is equipped to provide comprehensive fertility treatments, catering to couples facing challenges in conceiving. The hospital aims to bring high-quality and affordable fertility care to the region, addressing the growing demand for such services.
  

Analyst Opinion

As per our analyst, the global fertility services market presents significant growth opportunities to companies that leverage advance technologies to improve success rates and differentiate from competitors. Companies looking to gain the largest market share should implement flexible financing options to make treatments more accessible and expand into underserved regions, utilizing telehealth to increase patient reach.

Addressing ethical concerns by limiting embryo transfers to reduce multiple pregnancy risks and ensuring compliance with evolving regulations is also a key factor for the growth. Companies should consider strategic partnerships or consolidation to achieve operational efficiencies while maintaining high-quality care. These strategies will help them gain a competitive advantage and sustainable growth in the fertility sector.

Segmentation

By Procedure

In Vitro Fertilization with Intracytoplasmic Sperm Injection (IVF with ICSI)

Intrauterine Insemination (IUI)

In Vitro Fertilization without Intracytoplasmic Sperm Injection (IVF without ICSI)

Surrogacy

Others

By Service

Fresh Non-donor

Frozen Non-donor

Egg & Embryo Banking

Fresh Donor

Frozen Donor

By End-User

Fertility Clinics

Hospitals

Surgical Centers

Clinical Research Institutes

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