Year | Value |
---|---|
2024 | USD 27.51 Billion |
2035 | USD 45.0 Billion |
CAGR (2025-2035) | 4.57 % |
Note โ Market size depicts the revenue generated over the financial year
The fertility services market is projected to grow at a CAGR of 7.7% from 2024 to 2035. This growth translates into a CAGR of 4.57% from 2025 to 2035, indicating a strong demand for fertility services in the next ten years. The main reasons for this growth are the rising prevalence of infertility, which is caused by factors such as delayed childbearing, lifestyle changes, and a growing awareness of the importance of reproductive health. Also, technological developments in assisted reproductive technology (ART), including in vitro fertilization (IVF) and genetic testing, are expected to boost market growth. In particular, the use of artificial intelligence in ART procedures is expected to improve the success rate and patient outcomes. Cooper Surgical, Merck KGaA, and Vitrolife are investing in R & D, entering into strategic alliances, and launching new products to take advantage of these opportunities. Recent collaborations to integrate digital health solutions into fertility treatments are expected to improve the patient experience and increase access to care, which will also drive the fertility services market.
The Fertility Services Market is a growing market, with increasing awareness of reproductive health, advancements in assisted reproductive technology (ART), and changes in social and cultural attitudes towards family planning. North America, Europe, Asia-Pacific, the Middle East and Africa (MEA), and Latin America are the key regions where the fertility services market is influenced by a combination of cultural attitudes towards fertility, regulatory frameworks, and economic conditions. Each region presents opportunities and challenges with a focus on personalized treatment and the integration of technology into fertility services.
โIn the United States, about 1 in 8 couples are infertile, indicating the need for fertility services.โ โ Centers for Disease Control and Prevention (CDC)
Infertility treatments are experiencing a period of growth, driven by the growing awareness and acceptance of assisted reproductive technology (ART). The rising infertility rates, influenced by lifestyle changes and delayed childbearing, are also a major driver. Advances in reproductive technology have also enhanced the success rate. In addition, supportive regulatory policies in developed economies such as North America and Europe have created a more favourable environment for the growth of ART.
The use of assisted reproduction is now at a mature stage, with IVF clinics in the United States and Europe setting the standards. The main methods used are IVF, sperm freezing, sperm vitrification and sperm injection. The most well-known companies are the Fertility Institute of Illinois and CCRM Fertility. The emergence of telemedicine in the field of fertility treatment, together with the social shift towards family planning, has accelerated the growth of the market. Artificial intelligence and sperm freezing will shape the future of the market, bringing both efficiency and safety.
The fertility services market is set to grow significantly from 2024 to 2035. It is estimated to grow from $27,510.9 million to $45 billion, at a CAGR of 4.57%. This growth is driven by a combination of rising infertility rates, increased awareness and acceptance of assisted reproductive technology (ART), and advancements in medical technology. As a result of the changing social attitudes towards ART, more couples and individuals are seeking treatment, which is increasing the penetration rate. This penetration rate is expected to reach 15% in 2035, compared to a projected 10% in 2024. This will reflect the growing reliance on ART for family planning.
Artificial intelligence in embryo selection and the use of genetic screening are expected to enhance the effectiveness and availability of fertility treatment. Furthermore, the favourable policies of the state and private institutions to reduce the financial burden of fertility treatment will further promote the growth of the market. The trend towards the use of telemedicine in the field of infertility consultation and the increasing popularity of egg freezing among younger women are expected to further stimulate the market. Consequently, the industry players will have to adopt new strategies to meet the changing needs and preferences of consumers and to remain competitive in the dynamic market.
Covered Aspects:Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 36.13 Billion |
Market Size Value In 2023 | USD 39.75 Billion |
Growth Rate | 10.02% (2023-2032) |
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