Spain Fertility Services Market Overview
Spain's fertility services market size is expected to grow at exponential CAGR by 2032.Rising investment by Pharmaceutical companies in research and development to expand and introduce recent fertility treatment options, an increase in the adoption of unhealthy lifestyles, and an increase in the healthcare industry for infertility treatment are the main market drivers anticipated to propel Spain's fertility services market.
Source: MRFR Database, Primary Research, Secondary Research, and Analyst Review
Fertility Services Market Trends
- Advancement in technology is driving market growth.
Spain's fertility services market CAGR is expanding due to continuous advancements in technology. Breakthroughs such as in vitro fertilization (IVF), preimplantation genetic testing (PGT), and advanced diagnostics significantly enhance the success rates of fertility treatments. Technological innovations in cryopreservation techniques improve the storage and viability of reproductive materials. Furthermore, the integration of AI and data analytics aids in personalized treatment plans and predictive fertility outcomes. Telemedicine and digital health platforms contribute to enhanced accessibility and patient engagement. As technology evolves, providing more precise and efficient solutions boosts success rates and expands the scope of fertility services, shaping the landscape of reproductive healthcare globally.
Moreover, the number of product launches and approvals for fertility services products and technological advancement in fertility services are expected to fuel the market growth. The expansion in the adoption of in vitro fertilization (IVF) with intracytoplasmic sperm injection (ICSI) technology due to the high success rate in treating infertility and the expansion in the adoption of fertility services by the population drives the fertility services market revenue during the forecast period. Numerous elements in either the male or female reproductive systems can lead to infertility. It is sometimes impossible to pinpoint the root causes of infertility. Infertility in females may result from tubal abnormalities, such as obstructed fallopian tubes, which are, in turn, brought on by untreated sexually transmitted diseases (STIs) or aftereffects of a botched abortion, postpartum sepsis, or abdominal/pelvic surgery. Additionally, uterine conditions that may be inflammatory (such as
Fertility Services Market Segment Insights
Fertility Services Infertility Insights
The Spain fertility services market segmentation is based on infertility, including male infertility and female infertility. The male infertility segment dominated the market mostly due to rising infertility rates around the world and the launch of assisted reproductive technologies (ARTS). Males with issues including low sperm count, aberrant sperm quality, and poor motility can find relief with ARTS, which spans a broad spectrum of Fertility Services.
Fertility Services Procedure Insights
The Spain fertility services market segmentation, based on procedure, includes assisted reproductive technology (ART), in-vitro fertilization, artificial insemination, surrogacy, and others. Assisted reproductive technology (ART) held a major market share owing to the growing awareness, technological advancements, and success rates in fertility treatments, contributing to the rising demand for ART and driving the growth of the fertility services market worldwide.
Fertility Services End-User Insights
The Spain fertility services market segmentation, based on end-user, includes fertility clinics, hospitals, clinical research institutes, and surgical centers. The fertility clinics held a major market share due to increasing infertility rates, given the lifestyle changes, demographic shifts, and personal choices of individuals have prompted government intervention to improve the fertility rates of their countries. Therefore, there has been an increase in funding for research, development, and other infrastructure to build fertility clinics to assist citizens by offering affordable and accessible fertility services if they choose to opt for them. Furthermore, the normalization of talks about infertility and, thereby, the openness or acceptance of treatments has formed a positive atmosphere for the development of fertility clinics globally.
Figure 1: Spain Fertility Services Market, by End-User, 2022 & 2032 (USD Billion)
Source: Primary Research, MRFR Database, Secondary Research, and Analyst Review
Fertility Services Country Insights
The fertility services market is witnessing growth driven by increasing infertility rates. The lifestyle changes associated with unhealthy lifestyles with bad diets and no exercise, alcohol consumption, and smoking, along with drug abuse, can be attributed to the rising infertility. Furthermore, the increasing number of LGBPTQ+ population has increased the demand for fertility services, enabling them to create their own family. The presence of several fertility clinics with state-of-the-art and advanced technologies, products, and medical devices has augmented the market's growth over the forecast period.
Fertility Services Key Market Participants & Competitive Insights
Prominent market players invest heavily in R&D to enhance their product lines, expanding the fertility services market even more. Market players are also undertaking different strategic activities to expand their footprint, with substantial market developments such as new product establishment, mergers and acquisitions, contractual agreements, and collaboration with other organizations. The fertility services industry must deliver cost-effective items to extend and stay in a more competitive and rising market climate.
Major players in the fertility services market are attempting to extend market needs by investing in research and development operations, including Instituto Bernabeu, The Cooper Companies Inc., Instituto Bernabeu, Virtus Health, CooperSurgical, Inc., Vitrolife, CARE Fertility, INVO Bioscience, Monash IVF, Fertility Focus Limited, Carolinas Fertility Institute, Apollo Hospitals Enterprise Ltd., Merck KGaA, LABOTECT GMBH, and Monash IVF.
Key Companies in the Fertility Services market include
The Cooper Companies Inc.
Fertility Focus Limited
Carolinas Fertility Institute
Apollo Hospitals Enterprise Ltd.
Fertility Services Industry Developments
January 2023: Apricity arrives in Spain with a virtual fertility clinic model transforming how people access reproductive treatment. With the acquisition of WOOM, Apricity delivers a comprehensive fertility pathway, from conception counseling and monitoring to fertility medicine and via all stages of pregnancy.
Fertility Services Market Segmentation
Fertility Services Infertility Outlook
Fertility Services Procedure Outlook
Fertility Services End-User Outlook
|Market Size 2022
|Market Size 2023
|Market Size 2032
|Compound Annual Growth Rate (CAGR)
|Market Forecast Period
|Market Forecast Units
|Value (USD Billion)
|Growth Factors, Revenue Forecast, Market Competitive Landscape, and Trends
|Infertility, Procedure, End-User and Region
|Key Companies Profiled
|Instituto Bernabeu, The Cooper Companies Inc., Instituto Bernabeu, Virtus Health, CooperSurgical, Inc., Vitrolife, CARE Fertility, INVO Bioscience, Monash IVF, Fertility Focus Limited, Carolinas Fertility Institute, Apollo Hospitals Enterprise Ltd., Merck KGaA, LABOTECT GMBH, and Monash IVF.
|Key Market Opportunities
|Changing lifestyles among individuals across the globe
|Key Market Dynamics
|Rising number of fertility clinics worldwide.
Frequently Asked Questions (FAQ) :
The Spain fertility services market size was esteemed at USD XX Billion in 2022.
The market is projected to expand at a exponential CAGR during the forecast period, 2023-2032.
The prominent players in the market are Instituto Bernabeu, The Cooper Companies Inc., Instituto Bernabeu, Virtus Health, CooperSurgical, Inc., Vitrolife, CARE Fertility, INVO Bioscience, Monash IVF, Fertility Focus Limited, Carolinas Fertility Institute, Apollo Hospitals Enterprise Ltd., Merck KGaA, LABOTECT GMBH, and Monash IVF.
The male category dominated the market in 2022.
The assisted reproductive technology (ART) category had the largest market share.
The fertility clinics category had the largest share of the market.
Key Questions Answered
Request Free Sample
- ✅Global Market Outlook
- ✅In-depth analysis of global and regional trends
- ✅Analyze and identify the major players in the market, their market share, key developments, etc.
- ✅To understand the capability of the major players based on products offered, financials, and strategies.
- ✅Identify disrupting products, companies, and trends.
- ✅To identify opportunities in the market.
- ✅Analyze the key challenges in the market.
- ✅Analyze the regional penetration of players, products, and services in the market.
- ✅Comparison of major players’ financial performance.
- ✅Evaluate strategies adopted by major players.
Why Choose Market Research Future?
Speak to Analyst
- ✅Vigorous research methodologies for specific market.
- ✅Knowledge partners across the globe
- ✅Large network of partner consultants.
- ✅Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- ✅Trusted by fortune 500 companies/startups/universities/organizations
- ✅Large database of 5000+ markets reports.
- ✅Effective and prompt pre- and post-sales support.