Infertility Market Research Report โ€“ Forecast to 2032

Infertility Market Research Report By Sex (Males, Females, Unexplained), By Diagnosis (Men Diagnostic Tests, Women Diagnostic Tests, General Diagnostic Test), By Drugs (Clomiphene Citrate, Letrozole, Serophene, Hormone Treatment, Others), By Technology (Assisted Reproductive Technology, Intrauterine Insemination, Surgery), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) โ€“ Market Forecast Till 2032

ID: MRFR/LS/4687-HCR | 100 Pages | Author: Kinjoll Dey | March 2024         

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Global Infertility Market Overview


The Infertility Market Size was valued at USD 1.6 billion in 2022 and is projected to grow from USD 1.804 Billion in 2023 to USD 4.72 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.8% during the forecast period (2023 - 2032). Effective infertility treatments are made possible by fertility services, which also provide alternatives. The services aid in resolving infertility concerns in couples dealing with parenting issues brought on by biological issues, the LGBT community, and single parents. Surrogacy, in vitro fertilization (IVF), artificial insemination, and others are the most often used methods. A lack of semen or eggs hampers the pregnancy. The issues above are driving the infertility market's explosive expansion, thus driving the market growth of the Infertility. These are just a few of the market drivers that are driving the market.


Source Secondary Research, Primary Research, MRFR Database and Analyst Review


Infertility Market Trends


Fertility rate is declining among both men and women owing to the sedentary lifestyle driving the market growth


The prevalence of infertility in both the male and female populations and the rate of infertility disorders are the two main factors propelling the growth of the  market for fertility services. Also, the market is anticipated to develop due to the increase in fertility services-related product launches, approvals, and technical advancements. The market will increase during the forecast period due to the rising use of in vitro fertilization (IVF) with intracytoplasmic sperm injection (ICSI) technology, which has a high success rate in treating infertility as the rising public demand for fertility services.


The propensity for delayed pregnancy has gradually increased around the world. Older women (those over 40) generate eggs but are still waiting for male spermatozoa to fertilize them. As a result, genetic disorders in the egg may be dangerous. In older persons, fewer good eggs are produced. Typically, older women only lay a small number of poor-quality eggs. These factors could put the egg at risk for genetic abnormalities. The CDC forecasted a fall in birth rates among women aged 35 to 39 in 2020, assisting the market for fertility therapies in expanding. Thus, this factor is driving the market CAGR.


According to World Health Organization (WHO) calculations, PCOS affects more than 116 million women ly (3.4%). In addition, the Lancet article states that in 2020, it is anticipated that there will be 24 million PCOS-affected women in China. As a result, this factor may increase the demand for fertility treatments among females with the polycystic ovarian syndrome, which is expected to boost the market for these services. Thus, it is anticipated that this aspect will accelerate Infertility market revenue globally.


Infertility Market Segment Insights


Infertility Sex Insights


The market segments of Infertility, based on sex includes males, females, and unexplained. The closure devices segment held the majority share in 2022 in the Infertility market data. Due to the high female infertility rate worldwide brought on by obesity, an unhealthy lifestyle, and conditions like polycystic ovary syndrome, the female infertility treatment segment commands the largest revenue market share in the infertility. This trend is likely to persist during the forecast period (PCOS).


Infertility Diagnosis Insights


The Infertility market segmentation, based on diagnosis, includes men diagnostic tests, women diagnostic tests, and general diagnostic test. The men diagnostic tests segment dominated the market growth in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Due to technological improvements, computer-assisted semen analysis is anticipated to experience a significant increase in the years to come. The most popular diagnostic test is a semen analysis, which can be carried out using microscopic examination methods. For instance, Sandstone Diagnostics launched Trak Volume Cup in April 2018 after receiving FDA certification from the United States. This gadget enables men to measure semen volume and identify hypothermia at home, hence contributing in the market growth of the Infertility.


Figure 2 Infertility Market, by Diagnosis, 2022 & 2030 (USD Billion)


INFERTILITY MARKET SHARE


Source Secondary Research, Primary Research, MRFR Database and Analyst Review 


Infertility Drugs Insights


The market segmentation of Infertility, based on drugs includes clomiphene citrate, letrozole, serophene, hormone treatment, and others. The hormone treatment segment held the majority share in 2022 in the Infertility market data. This can be ascribed to the expensive nature of the products and the higher efficacy's effect on increased consumption. The gonadotropins Gonal-F, Follitism, Menopur, and Bravelle are some of the most frequently prescribed for treating infertility in patients. Hence, gonadotropins' high efficacy may draw in a new target market and increase the source of income.


Infertility Technology Insights


The market segmentation of Infertility, based on technology, includes assisted reproductive technology, intrauterine insemination, and surgery. The assisted reproductive technology segment dominated the market growth in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Several idiopathic reasons, including sperm autoantibodies, viral orchitis, epididymal dysfunction, accessory gland infection, chemotherapy, heat, trauma, and other idiopathic factors, primarily cause male infertility. ARTs are used to treat these issues. One of the main elements influencing segment growth is the high cost of care and the necessity of multiple additional therapeutic cycles. The main reasons expected to propel the ART segment over the forecast period are rising healthcare spending in emerging nations, increased awareness of male infertility, and rising adoption in the middle- and low-income nations., hence contributing in the market growth of the Infertility.


Infertility Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Infertility market accounted for USD 0.732 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period. Due to the introduction and quick use of numerous infertility medications. Rising infertility research activity in the area is anticipated to create additional job possibilities. For instance, Ferring B.V. and Igenomix signed a four-year research agreement in June 2020 to collaborate on developing novel therapeutic products for the care of patients with disorders associated with pregnancy. New product development, partnerships, partnerships, expansions, mergers, and acquisitions are the main strategies used by the organisations in the market.


Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 3 INFERTILITY MARKET SHARE BY REGION 2022 (%)INFERTILITY MARKET SHARE BY REGION


Source Secondary Research, Primary Research, MRFR Database and Analyst Review 


Europe Infertility market accounts for the second-largest market share. This is ascribed to the availability of modern, well-equipped fertility clinics, the increased use of more expensive treatments, improved access to diagnosis and care, and high levels of knowledge. Furthermore, the regional market's growth is greatly influenced by healthcare spending and the availability of well-established healthcare infrastructure. Moreover, UK market of Infertility held the largest market share, and the Germany market of Infertility was the fastest growing market in the region.


Asia Pacific Infertility Market is expected to grow at the fastest CAGR from 2022 to 2030 India, China, and Singapore are among the emerging nations with rapid economic expansion. The growth of male infertility and improvements in medical diagnostics is driving the Asian market. The incidence rate of male infertility has increased due to the aging population's growth and the rise in disorders linked to lifestyle. Further, the China market of Infertility held the largest market share, and the India market of Infertility was the fastest-growing market in the region.


Infertility Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the market of Infertility grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, mergers and acquisitions, contractual agreements, increased investments, and collaboration with other organizations. Competitors in the Infertility industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


One of the primary business strategies adopted by manufacturers in the  Infertility industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Infertility industry has provided medicine with some of the most significant benefits. The market of Infertility major player such Olympus Corporation, The Cooper Companies Inc., Virtus Health, CooperSurgical, Inc., Vitro life CARE Fertility.


Aytu BioScience, a developing specialty pharmaceutical firm, is focused on commercializing cutting-edge pharmaceuticals that effectively meet pressing patient needs (NASDAQ AYTU). The MiOXSYS system, which assists in evaluating semen quality, was approved by the Australian Therapeutic Goods Administration (TGA) in November 2017 by Aytu BioScience.


The Merck Group of Darmstadt, Germany, manufactures and markets its products through Merck Specialities Private Limited. It provides top-notch chemical and pharmaceutical products to the Indian market. Merck KGaA fully owns this 2005-established entity. Merck Specialty Pvt ltd introduced Pergoveris Pen to improve infertility therapy in India in August 2021.


Key Companies in the market of Infertility includes



  • Olympus Corporation

  • The Cooper Companies Inc.

  • Virtus Health

  • CooperSurgical, Inc.

  • Vitro life CARE Fertility

  • INVO Bioscience

  • Monash IVF

  • Fertility Focus

  • Carolinas Fertility Institute

  • Apollo Hospitals Enterprise Ltd.

  • Merck KGaA, LABOTECT GMBH

  • Genea Limited

  • Medicover

  • The Johns Hopkins Hospital

  • Progyny, Inc.

  • Millendo Therapeutics, Inc.

  • FUJIFILM Irvine Scientific


Infertility Industry Developments


September 2022 Twelve medications, including Letrozole from Novartis AG and Cabaser from Pfizer, were approved for further infertility treatment by the Ministry of Health, Labor, and Welfare (MHLW). This label expansion approval was predicted to increase the demand for innovative medications in the Asia Pacific.


February 2022 To treat patients' pregnancy-related difficulties, Mankind Pharma created and introduced a generic version of Dydrogestrone pills in India. This medication served as a replacement for Abbott Duphaston pills. This introduction was predicted to propel the demand for infertility treatments.


Infertility Market Segmentation


Infertility Sex Outlook (USD Billion, 2018-2030)



  • Males

  • Females

  • Unexplained


Infertility Diagnosis Outlook (USD Billion, 2018-2030)



  • Men Diagnostic Tests

  • Women Diagnostic Tests

  • General Diagnostic Test


Infertility Drugs Outlook (USD Billion, 2018-2030)



  • Clomiphene Citrate

  • Letrozole

  • Serophene

  • Hormone Treatment

  • Others


 Infertility Technology Outlook (USD Billion, 2018-2030)



  • Assisted Reproductive Technology

  • Intrauterine Insemination

  • Surgery


Infertility Regional Outlook (USD Billion, 2018-2030)



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Infertility Report Scope
Report Attribute/Metric Details
Market Size 2022 USD 1.6 billion
Market Size 2023 USD 1.804 billion
Market Size 2032 USD 4.72 billion
Compound Annual Growth Rate (CAGR) ย 12.8% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018 - 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Sex, Diagnosis, Drugs, Technology and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Olympus Corporation, The Cooper Companies Inc., Virtus Health, CooperSurgical, Inc., Vitro life CARE Fertility
Key Market Opportunities Single parents and same-sex parents
Key Market Dynamics Fertility rate is declining among both men and women owing to the sedentary lifestyle
ย 



Frequently Asked Questions (FAQ) :

The Infertility market size was valued at USD 1.6 Billion in 2022.

The market is projected to grow at a CAGR of 12.8% during the forecast period, 2023-2032.

North America had the largest share in the market

The key players in Olympus Corporation, The Cooper Companies Inc., Virtus Health, CooperSurgical, Inc., Vitro life CARE Fertility.

The female category dominated the market in 2022.

The hospital had the largest share in the market.

Key Questions Answered

  • 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 playersโ€™ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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