The global sperm analytical devices market was valued at USD 281 million in 2016 and is expected to surpass USD 410 million by 2021, says Technavio.
Technavio has announced its latest market research report on the global sperm analytical devices market, under its health and wellness portfolio. This market analysis discusses the key drivers and major emerging trends and offers a competitive analysis of key vendors like Medical Electronic Systems, Origio, and Vitrolife.
According to Amber Chourasia, a lead analyst for health and wellness research at Technavio, “The surge in the rate of infertility and obesity-related cases is driving the demand for sperm analytical devices. It has been observed that there is an increase in the infertility rate due to several factors such as changing lifestyle which includes consumption of alcohol and drugs, and modern work culture involving more desk work and mental stress.”
There is a rise in trend of men not taking time off work to have a child due to the enormous expense of raising a child. Several couples are choosing to wait longer to have children, which is likely to cause lesser chances of conceiving because of reduced fertility rates, thereby necessitating regular sperm tests to investigate the quality and quantity of sperm. Besides this, obesity has also been associated with several health problems, including infertility.
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Growing number of egg, sperm, and embryo donors
Recently, there has been a rise in the number of egg, sperm, and embryo donation, which can be attributed to the increase in the number of donors for money. Some fertility clinics have started using their banks to handle the demand, which is increasing the awareness about the procedure among individuals. Furthermore, the rise in cryobanks ensures the easy availability of high-quality eggs, sperm, or embryos as required by individuals. Thus, the rise in the number of donors will necessitate quality testing solutions, boosting the market growth.
Rising medical tourism initiatives globally
Medical tourism initiatives taken up by governments have played a major role in the growth of the healthcare sector globally. The key treatment area of focus for medical tourism includes sperm testing and infertility treatment. With increased initiatives, it is expected that there will be a high influx of medical tourists seeking for different treatment, including infertility that uses sperm analytical devices. Therefore, an increase in the number of patients diagnosed with infertility seeking medical tourism facilities is expected to trigger market growth.
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This market research report includes a detailed analysis and market shares and sizes of the sub-segments and geography. The study provides a competitive analysis of the key vendors, including their market shares, business overview, key financials, etc. This market study also provides a comprehensive analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Sperm Analytical Devices Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Sexual Wellness Market 2016-2020
- Global Female Contraceptive Market 2016-2020
- Global Prostate Cancer Drugs Market 2016-2020
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