Executive Summary
· Infertility can be defined as a disease of the reproductive system, which is caused by the failure to achieve a clinical pregnancy after 12 months or more of unprotected sexual intercourse.
· A large number of infertility patients are seeking various types of treatments such as Intrauterine Insemination (IUI), Intracytoplasmic Sperm Injection (ICSI), In Vitro Fertilization (IVF), and other procedures.
· Among these, IVF is the most common technique for treating infertility. In addition, the adoption and success rate of IVF is high compared to other treatments.
· The growing prevalence of conditions such as polycystic ovary syndrome (PCOS) and the changing lifestyles of people are the major factor driving the growth of global infertility treatment devices & equipment market.
Market Overview
§ The growth of the Infertility treatment devices and equipment market will inevitably be linked to the trends driving the new and advanced product developments for developing novel therapies. These include the ubiquity of smart products and user friendliness and an increasing acceptance by end-users.
§ Furthermore, rising government support will assist the demand for infertility treatment options among end-users. The strategic collaborations between key players will also act as growth catalysts for the Infertility treatment devices and equipment sector.
§ Companies will come to see Infertility treatment industry as both revenue earning products whether important product to drive them to become company expansion in developing regions.
Key Findings
· Rising prevalence of infertility in developing countries will lead to upsurge in demand for infertility devices and equipment for the treatment and conception. Similarly, growing awareness in this region and decreasing taboo towards use of infertility devices and equipment for treating infertility would further aid in market growth over the forecast timeframe.
· As the market is considerably consolidated currently with major players accounting for significant share and retaining their position this will create a sense of certainty among new entrants and motivate them to enter the market.
· As the entry barriers are low and the capital investment is manageable the entry of new company in infertility devices and equipment can lead to better profit margin, increasing growth opportunities and sustainability in the market