Infertility is the inability to conceive naturally in individuals. It is a type of reproductive health issue which has risen dramatically over the past few years.
On the basis of gender, the global infertility treatment market is segmented into male and female treatments. The male segment is anticipated to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. Also, female segment is projected to witness moderate growth over the forecast period.
The global infertility treatment market report has been segmented on the basis of procedure type, gender, end user, and region. On the basis of region, the global infertility treatment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in North America accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to presence of proper medical infrastructure in countries in the region. Moreover, increasing use of medicines and rising demand for effective treatments for infertility are other major factors anticipated to propel growth of the North America market over the forecast period. Revenue from the market in Europe accounted for second-highest revenue share and is closely followed by the markets in Asia Pacific, Latin America, and Middle East & Africa respectively. This is attributed to high disposable income and increasing government initiatives for spreading awareness about fertility treatments in the region. Furthermore, the market in Asia Pacific is projected to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. This is attributed to rising demand for effective fertility treatments coupled with increasing government initiatives for development of healthcare facilities in emerging economies in the region. Also, the markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.
Prominent players in the global infertility treatment market include The Cooper Companies Inc., Cook Group Incorporated, Thermo Fisher Scientific Inc., Vitrolife AB, Esco Micro Pte. Ltd., Genea Limited, IVFtech ApS, Irvine Scientific, and The Baker Company, Inc.