Fertility Testing Market Players, Trends, Synopsis & Forecast – 2030
The Fertility
Testing Market is projected to reach USD 820 Million by 2030
at 8.5% CAGR during the forecast period 2022-2030.
The Global Fertility
Testing Market is growing pervasively mainly due to the rising issues
associated with fertility. The market perceives upsurge demand for fertility
testing kits and devices, garnering more attention over the last few years.
Advancements in technologies and medical science have further escalated the
market on the global platform.
Acknowledging the
ascending graph of the growth, the market is climbing steadily, Market Research
Future (MRFR), in its recently published study report foretells that the global
fertility testing market will register a phenomenal CAGR, garnering further
prominence over the anticipated period.
Additional factors
substantiating the market growth include growing prevalence of infertility
& gynecological disorders and the burgeoning healthcare sector led by the
improving economic conditions that are allowing increasing access to the
quality healthcare. People are increasingly becoming curious to know the
reasons behind their infertility and are willing to take treatments to solve their
fertility issues, which, in turn, drives the market growth.
Moreover, factors
such as the growing demand for fast and self-contained tests, rising government
support, the emergence of POC pregnancy and fertility testing, and the
availability of decentralized diagnostic tests over time-consuming laboratory
tests are fostering the market growth. Also, the widespread adoption of
smartphones with increasingly powerful technical capabilities is providing
impetus to the market growth of fertility testing.
On the other hand,
the availability of a number of counterfeit and low-cost fertility testing kits
and devices obstruct the market growth replacing the quality products off the
shelf. Also, factors such as the low uptake of these products, issues related to
these devices, and controversies built around these test kits are impeding the
market growth.
Major Key
Players:
Some of Key
Fertility Testing Market Players include Quidel Corporation,
Prestige Brands Holdings, Inc., Alere Inc., bioMérieux SA, Geratherm Medical
AG, Church & Dwight Co., Inc., Procter & Gamble Co., Swiss Precision
Diagnostics GmbH, Abbott Laboratories, and DCC Plc.
Segment Analysis
MRFR has segmented
the analysis into four key dynamics for better understanding:
By Application : Men, Women, and Animals.
By Types: Ovulation Kits, Fertility, and Monitors among
others.
By Tests: Blood Test, Cervical Smear Test, Urine Test, Sperm Test, and
Microscopic Analysis among other.
By Regions: North America, Europe, APAC and the Rest-of-the-World.
Regional Analysis
The North American region
accounts for the leading market for fertility testing accounting for the
significant share in the global market. The fertility testing market in North
America is growing due to the well-spread awareness about the availability of
fertility testing and the various devices associated with fertility, and their benefits.
The use of fertility monitors and
ovulation kits is increasing leading to increasing the demand for fertility
testing devices which is further expected to drive the market growth in the
North American region. Moreover, technological advancements transpired into the
field of fertility testing are expected to contribute to the market to grow
pervasively in the upcoming years.
The European region is another
lucrative market for fertility testing which accounts for the second-largest
market share in the global market. The on-going trend of AMH test for fertility
testing would add more value to the regional market. Additionally, the
increasing R&D funding and the presence of many companies involved in
developing new technologies for the advancement of fertility testing kits is
expected to foster the growth in the regional market.
The Asia Pacific region is
emerging as a promising market for fertility testing. Improving economic
conditions in the region support the market growth in the region, increasing the
per capita healthcare expenditures. Moreover, growing issues
associated with the fertility led by the changing lifestyle are driving the
market growth in the region.
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Future
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