Portland, OR, Nov. 14, 2019 (GLOBE NEWSWIRE) -- “Fertility Services Market by Procedure (IVF with ICSI, IUI, IVF without ICSI, Surrogacy, and Others) and Service (Fresh Non-donor, Frozen Non-donor, Egg & Embryo Banking, Fresh Donor, and Frozen Donor): Global Opportunity Analysis and Industry Forecast, 2019–2026” According to the report, published by Allied Market Research, the global fertility services market garnered $13.65 billion in 2018, and is estimated to reach $27.15 billion by 2026, registering a CAGR of 8.9% from 2019 to 2026. The report offers a comprehensive analysis of drivers & opportunities, market size & forecasts, key winning strategies, competitive landscape, and changing market dynamics.
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The continuous drop in fertility rates, delay of pregnancies in women, and technological developments related to fertility treatments are the factors that drive the global fertility services market. Whereas, lack of effective reimbursement policies and high costs of treatment of ARTs in developing nations impede the growth of the market. On the other hand, the rise in fertility tourism would provide lucrative opportunities to the market.
Based on cycle type, the IVF with ICSI segment contributed the largest share in 2018, accounting for more than half of the total market share, and is expected to continue its dominance throughout the forecast period. Furthermore, this segment is estimated to register the highest CAGR of 10.2% from 2019 to 2026.
Based on end-user, the fresh non-donor segment held the lion’s share in the market in 2018, accounting for more than half of the total market share, and will maintain its dominant position in terms of revenue throughout the study period. On the other hand, the egg & embryo banking segment is anticipated to register the fastest CAGR of 11.3% from 2019 to 2026.
Based on region, Asia-Pacific held the largest share in 2018, accounting for nearly two-fifths of the total market share, and will maintain its leadership status during the forecast period. Furthermore, the region is expected to witness the highest growth rate, registering a CAGR of 10.8% from 2019 to 2026.
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Leading market players analyzed in the research include
- Care Fertility Group
- The Johns Hopkins Health System Corp
- Carolinas Fertility Institute
- Medicover Group, Genea Limited
- Xytex Cryo International
- Monash IVF Group
- Progyny Inc
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