The Global Fertility Test Market size was worth USD 390 Million in the year 2017 and estimated to grow at a decent CAGR of 8.1% from 2018 to 2025. The market for Fertility Testing devices is accelerated to have the highest shares during the forecast period.
Key Market Growth Drivers
The rise in fertility issues both in men and women due to change in lifestyle and food habits are majorly influencing the demand for the Fertility Test Market. The increasing awareness of the use of fertility monitors at home is also escalating the growth of the market.
Some of the other factors boosting the growth of the global fertility test market are reducing the rate of fertility in men and women, and the increasing prevalence of first-time pregnancy in women. Also, factors such as continually increasing population of women affected with PCOS, rising awareness regarding the fertility tests among the people in developed and developing countries, and growing adoption rate of technologically advanced ovulation monitors are catalysing the growth of fertility test market.
The rise in demand for remote monitoring and self-testing in the young women is lucratively setting up the growth opportunities for the market. The availability of some kits in online stores and their low cost are ascribed to bolster the demand of the market.
Potential Opportunities
Intensive focus on initiatives from the private and public organizations for developing novel techniques and devices for testing fertility rate in men and women are likely to offer growth opportunities for the key players in the global fertility test market during the forecast period.
The integration of smart technologies in healthcare is expected to provide growth opportunities for the stakeholders in the fertility test market during the projection period. Decreasing rate of fertility due to unhealthy lifestyles of the urban population and increasing account PCOS in women are creating lucrative opportunities in the worldwide fertility test market.
The growing adoption rate of ovulation monitoring devices owing to growing awareness among people regarding the benefits associated with the monitoring systems and evolution of marketing strategies such as e-commerce sites and social media are creating growth opportunities for the stakeholders in the fertility test business.
Major Challenges
However, the major factors that are challenging the growth of the global fertility test market are inaccurate results by the ovulation prediction kits, and urine-based ovulation monitors are proven to be incorrect for the women affected by PCOS.
Lack of awareness of these kits in rural areas is slowly dragging the demand of the market. Also, lack of standardization and rapid changes in the economic strategies remain as challenging factors in this market.
Key happenings in this market in the recent past:
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 – 2024 |
|
Base Year |
2018 |
|
Forecast Period |
2019 - 2024 |
|
Segments Covered |
By Testing Device, Mode of Purchase, Application, End User and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Advacare Pharma, AVA, Babystart, Biozhena, Church & Dwight (US), Fairhaven Health, Fertility Focus, Geratherm Medical, Hilin Life Products, Prestige Brands Holdings (A Part of Gregory Pharmaceutical Holdings) (US), Sensiia, Swiss Precision Diagnostics (SPD) (Switzerland), Taidoc, Uebe Medical and Valley Electronics |
This research report on the Global Fertility Test Market segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2024.
Fertility Test Market Analysis – By Testing Device
On the basis of the testing devices, the ovulation predictor kits segment is contributing a significant share of revenues to the global fertility test market and is anticipated to continue its dominion during the outlook period. The factors that are boosting the growth of this segment are ovulation predictor kits are highly efficient and are sufficient to control costs, increasing prevalence of pregnancies in middle-aged women, and the growing demand for the OPK kits.
Fertility Test Market Analysis – By Application
On the basis of application, the female fertility testing segment is leading the global fertility test market and is anticipated to expand further during the estimated period owing to the factors such as availability of various testing procedures, increasing prevalence of fertility issues in women, and expensive nature of IVF testing techniques.
Fertility Test Market Analysis – By End User
On the basis of end-user, in 2018, the home care settings segment was dominating the market and is likely to display significant growth over the forecast period. This is due to the factors such as increasing demand for fertility tests due to the drop-in fertility rate in men and women, increasing demand and availability of home and remote monitoring options in the market.
Fertility Test Market Analysis – By Region
Regionally, the market is held by North America with the highest revenue shares. The acceptance of advanced technology and the rise in pregnancy age women are fueling the growth of the market in this region. The Asia Pacific and Europe are next to North America is leading the highest shares of the market with the rise in investments by the government for the development of fertility and ovulation monitors.
Key participants leading the Global Fertility Test Market profiled in this report are
Fertility Test Market
Fertility Test Market
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