The infertility services market in the US was valued at over USD 1 billion in 2016 and is expected to reach close to USD 2 billion by 2021, says Technavio.
Technavio has announced its newest market research report on the infertility services market in the US, under its health and wellness portfolio. This market analysis discusses the foremost drivers and significant emerging trends and offers an analysis of key vendors like CARE facility, CooperSurgical, Ferring Pharmaceuticals, Monash IVF, Merck, and Vitrolife.
According to Amber Chourasia, a lead analyst for health and wellness research at Technavio, “The increasing success rate of infertility treatments is encouraging the population of the US to use infertility services in the market. Infertility treatments increase pregnancy rates from about 3% to about 12% for people under age 40, and to 7% in those above the age 40. These success rates have resulted in the growth of the services market in the US.”
The pregnancy rate of women undergoing IVF is about 40% of women under the age of 40, and the success rates from frozen embryo transfers are also increasing, as are the number of fertility cycles in the US market. Moreover, the use of these services will help in correcting physiological complications that prevent the eggs from joining and creating an embryo that implants on the female’s uterine wall.
Click here to request a free sample of this report
High investment in R&D
The vendors in the market are focusing on research and developing innovative technologies related to infertility services to increase the number of consumers. These researchers will help manufacturers under the impact of tubal disease and PCOS, on fertility rates, prevention of infertility, and helping people choose suitable infertility treatments. Moreover, this knowledge gained from basic stem cell research to understand reproductive processes will help in the development of novel therapeutics for treating infertility. Some of the research studies also focus on enhancing detection methods of abnormalities in preimplantation embryos and developing advanced technologies for preimplantation genetic diagnosis.
Rise in same-sex marriages
The social and legal acceptance of same-sex marriages in the US has led to a rise in sperm donations and the use of fertility services. In recent studies conducted by market researchers, it was estimated that same-sex couples are parents to around six million children in the US. The increasing number of same-sex marriages in the US is increasing the chances of adopting ART services to start a family. This change in the law will, in turn, help to raise the number of prospective clients for vendors in the market, creating higher revenues.
Ask an analyst to know more about this report
This research report includes an exhaustive breakdown of market shares and sizes of the sub-segments and geography. An analysis of the key enterprises, including their market shares, business overview, key financials, etc. is provided in this report. This market study also delivers a detailed analysis of primary drivers, challenges, and opportunities influencing this market.
A complete analysis is accessible in the Technavio report titled, ‘Infertility Services Market in US 2017-2021’. Technavio also customizes reports by other regions and definite sectors upon request.
Other related reports:
- Fertility Market in the US 2016-2020
- Global Women’s Health Market 2016-2020
- Global Fertility Services Market 2016-2020
To read more press releases – click here
