Worldwide Fertility Testing Market – Synopsis
Fertility issues nowadays have become one of the primary concerns among couples. Especially in the younger generation with an alarming ratio of 6:1. While Female infertility alone account for almost 50% of all infertility cases & the other half (50%) accounts to Male infertility. Male infertility is too a widespread problem. Reasons could be many but the notable ones include – ovulation problems, damage to fallopian tubes/ uterus, problems with the cervix and the low sperm production. Conversely the root cause that leads to these reasons is lifestyle choices! If only people affected with infertility realise it. However, not being able to conceive a child can be stressful and frustrating.
Thanks to the advancements in technology & medical science for availing a number of infertility test & treatments are available. This coupled with the growing prevalence of infertility and gynaecological disorders propel the market growth. People are curious to know the reasons behind their infertility and are willing to take treatments to solve their fertility problems. Attributing to which fertility tests and related products are witnessing extensive demand worldwide.
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Acknowledging the spurting growth the market is perceiving currently & the potential the market holds to grow globally, a leading research firm ‘Market Research Future’ (MRFR) has recently published a brilliant study report mapping companies active in the industry and the growth drivers & restraining factors. In its market analysis, MRFR asserts that the global Fertility Testing Market will perceive phenomenal accruals posting a striking CAGR during 2017 – 2024.
In addition, other factors driving the market growth include growing demand for fast and self-contained tests, rising government support and recent technological developments of POC Pregnancy and Fertility Testing and availability of decentralised diagnostic tests over time-consuming laboratory tests. Moreover, technological advancements and widespread adoption of phones with increasingly powerful technical capabilities are providing impetus to the market growth of fertility testing.
Worldwide Fertility Testing Market – Competitive Landscape
With the presence of numerous matured & small key players accounting for a substantial market share, this market appears to be fiercely competitive & fragmented. These market players try to gain competitive advantage through strategic partnership, acquisition, expansion, collaboration, product & technology launch. Well established players are investing heavily in R&D and clinical trials to develop effective Fertility Testing Kits.
Strategic partnerships between manufacturers, in house production of multiple Fertility Testing products and contract of manufacturing (manufacturing at some other facility) such factors will support to the growth and expansion plans of the key players during the forecast period. However, patent protections and availability of other intellectual rights are preventing these formulations from imitation.
Industry/ Innovations/ Related News:
March 07, 2018 – Research Study Published – Researchers at the Florida Atlantic University’s College of Engineering and Computer Science (US) presented their study of the home-based semen analysis kit that they have developed. Providing rapid, cost-effective test for male fertility, this invention can accurately & quantitatively provides a complete semen evaluation using microfluidics, an app and a smartphone.
March 01, 2018 – Exseed Health (Denmark) a start-up technology company launched a state-of-the-art smartphone compatible device that allows men to test sperm quality from the comfort of home within a few seconds. The intuitive design is built in collaboration with MICROPTIC (Spain) a leading research & Development Company for automatic diagnostic systems.
Worldwide Fertility Testing Market – Segments
For the convenience of the report and enhanced understanding; the Fertility Testing Market is fragmented in to 4 key dynamics.
By Application: Includes Animals, Men, and Women.
By Types: Fertility, Ovulation Kits, Monitors among others.
By Tests: Cervical Smear Test, Blood Test, Urine Test, Microscopic Analysis, Sperm Test, and other.
By Regions: North America, Europe, APAC and Rest of the World.
Worldwide Fertility Testing Market – Geographical Analysis
North America is the largest market for Fertility Testing accounting for the maximum market share. Owing to the increasing awareness about the fertility testing and the various devices associated & its benefits, the use of ovulation kits and fertility monitors is increasing which leads to demand for fertility testing and an increasing trend can be expected in the North American market.
The market is expected to grow pervasively in the years to come continuing with the same trends. Technological advancements transpired in to the field of Fertility Testing are also one of the prominent driving forces for the regional growth.
Europe on the other hand, is expected to register the fastest growth in the global market of Fertility Testing. The growing trend of AMH test for fertility testing, would add more value to the regional market.
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