The global infertility treatment market is on a remarkable growth trajectory, with projections indicating a surge in sales from USD 1,899.8 million in 2024 to an impressive USD 3,843.3 million by 2034. This represents a robust compound annual growth rate (CAGR) of 7.3% over the next decade, driven by a rising demand for effective infertility solutions.
In 2023, the market reported revenues of USD 1,770.6 million, and an anticipated year-over-year growth rate of 7.4% for 2024 signals a continued upward trend. This acceleration is primarily attributed to societal shifts and medical advancements that have increased the need for infertility treatments.
Assisted Reproductive Technology (ART) remains the cornerstone of the infertility treatment market, thanks to significant improvements in procedures such as in vitro fertilization (IVF). The enhanced success rates of ART have led to its growing acceptance among couples facing fertility challenges, solidifying its position as a leading solution in the market.
Infertility can arise from a variety of conditions affecting either partner, necessitating personalized treatment approaches that include surgery, medication, and ART. The complexity of infertility diagnosis and treatment emphasizes the need for specialized equipment and instruments, propelling continuous innovation within the industry. As the treatments evolve, the demand for advanced technological solutions is becoming increasingly vital, further enhancing the role of ART.
Key factors driving the growth of the infertility treatment market include shifting lifestyles, delayed marriages, and environmental influences that have collectively contributed to an increase in infertility cases. Additionally, medical conditions such as polycystic ovary syndrome (PCOS) and other reproductive disorders are intensifying the demand for effective treatment options.
As the infertility treatment market continues its upward momentum, it is poised to deliver transformative solutions for individuals and couples affected by infertility. The industry offers hope through cutting-edge medical technology and innovative treatment advancements, promising impactful outcomes in the lives of many.
Key Takeaways: Infertility Treatment Market
- The global infertility treatment market is expected to grow significantly over the next decade, driven by factors such as increasing infertility rates and advancements in medical technology.
- The market is projected to reach USD 3,843.3 million by 2034, up from USD 1,899.8 million in 2024.
- The market is anticipated to grow at a CAGR of 7.3% during the forecast period.
- The German market holds the highest market share in Europe and is expected to grow at a CAGR of 2.3%.
- The US market is also projected to grow at a CAGR of 2.3%.
- China is the dominant player in the East Asia market and is expected to grow at a CAGR of 7.3%.
- Media & consumables are the largest segment, accounting for 46.6% of the global market.
- Assisted reproductive technology is the leading procedure, with a market share of 31.7%.
“The significant growth forecast for the infertility treatment market reflects both the increasing prevalence of infertility and the advancements in treatment technologies,” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI). “As we continue to innovate and expand treatment options, we are committed to addressing the diverse needs of individuals and couples seeking to overcome infertility challenges.”
Market Value CAGR of Infertility Treatment by Country:
Countries | Value CAGR (2024 to 2034) |
USA | 2.30% |
Germany | 2.30% |
France | 3.70% |
UK | 2.60% |
China | 7.30% |
India | 8.30% |
South Korea | 5.70% |
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Competitive Landscape:
The infertility treatment market is characterized by a high degree of fragmentation, with numerous manufacturers around the globe striving to develop innovative solutions to meet evolving customer needs.
Leading manufacturers in the infertility treatment sector are focusing on international expansion to boost revenue and extend their market reach into developing countries. This growth strategy often involves acquiring regional competitors and employing key tactics such as agreements, product launches, research sponsorships, and strategic collaborations to enhance product sales and solidify their market presence.
Notable players in the infertility treatment market include:
- Thermo Fisher Scientific Inc.: A U.S.-based multinational medical technology company, Thermo Fisher offers a range of products including Nunc™ IVF Dishes, untreated dishes, electron microscopes, lab plasticware and supplies, lab centrifuges, mass spectrometers, and next-generation sequencers.
- Cook Group Incorporated: An American medical devices company, Cook Group provides medical devices for specialties such as gastroenterology, interventional cardiology, interventional radiology, vascular surgery, and laboratory instruments.
- CooperSurgical Inc.: A global medical device manufacturer, CooperSurgical offers products like VitriFit™ Vitrification Carrier, VitriGuard™ Carrier, HBA® Assay, Standard Count Disposable Analysis Chamber, and Makler® Chamber.
Key Players of Infertility Treatment Industry:
- Thermo Fisher Scientific
- Cook Group
- CooperSurgical Inc.
- AB Scientific Ltd.
- Vitrolife
- IVFtech APS
- Hamilton Thorne Ltd.
- Esco Micro Pte Ltd.
- Genea Biomedx Ltd.
- FUJIFILM Irvine Scientific
- Baker Company INC.
Key Segments of Infertility Treatment Industry:
By Product:
In terms of product, the industry is divided into equipment (microscopes, imaging systems, sperm analyser systems, ovum aspiration pumps, micromanipulator systems, incubators, gas analyzers, laser systems, cryosystems, and sperm separation devices), media & consumables and accessories
By Procedure:
In terms of procedure, the industry is divided into assisted reproductive technology [in vitro fertilization (intracytoplasmic morphologically selected sperm injection and gamete donation), intracytoplasmic sperm injection, and surrogacy], artificial insemination (intrauterine insemination, intracervical insemination and intratubal insemination), fertility surgeries [laparoscopy, hysteroscopy, varicocelectomy, laparotomy, tubal ligation reversal, microsurgical reconstruction (vasovasostomy and vasoepididymostomy)] and other infertility treatment procedures
By Patient Type:
In terms of patient type, the industry is segregated into female infertility treatment and male infertility treatment.
By End User:
In terms of end user, the industry is segregated into fertility centers, hospitals & surgical clinics, cryobanks, and research institutes
By Region:
Key countries of North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East and Africa (MEA) have been covered in the report.
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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