Growing incidences of diabetes and obesity, environmental effects such as air pollution, and transforming lifestyles are some integral aspects leading to infertility in both women and men.
According to a report by WHO, more than 500 million individuals are recognized as overweight, and more than 1.5 million individuals across the globe are diagnosed with obesity. In addition, workplace stress is another underwriting aspect for growth in infertility cases. Moreover, the growth of the infertility treatment market is primarily propelled by aspects likewise decreasing fertility rate, a growing number of fertility clinics around the globe, technological innovations, and growing public-private investments, grants, and funds.
According to SPER market research, ‘Infertility Treatment Market Size, Share & Trends Analysis by Product, By Procedure, By Patient Type, By End User, Regional Outlook, Competitive Strategies and Segment Forecasts to 2030’ states that the global infertility treatment market was worth at USD 1.7 Bn in 2021 and predicted to reach USD 2.9 Bn by 2030 with a CAGR of 8.5%. The fertility rates around the world are decreasing. The global total fertility rate per woman during 2020 was 2.3 which is lower than the 3.2 it utilized to be during 1990. The dropping global total fertility rates are principally propelling the global infertility treatment market in the review duration.
The augment in the funding by the federal government is set to propel the market growth rate. In addition, the growth and enlargement of the healthcare industry being propelled by both private and public players precisely in the developing regions will generate lucrative market growth choices. Also, high returns on investments secured by the research activities will also function in the favour of the market. Furthermore, augment the incidence of lifestyle syndromes, stress, prostate, genetic abnormalities, obesity, prostate cancer, and many others, augment the personal disposable income level, augments the number of fertility clinics around the globe, growing investment for the advancement of improved medical products and devices and developing
markets likewise Brazil, China, India, and Mexico, positively affect the market growth rate.
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Not only has this, but the upsurge in public-private funding for the target research activities, increasing geriatric populace base, and growing product advancements and development due to the technological innovations all across the globe will also expand the profitable opportunities for the market players in the review period. The surging number of strategic collaborations, growing internet penetration rate, increasing number of hospitals and laboratories, increasing awareness about in-vitro fertilization and its benefits, and growing per capita expenditure on health care will further enlarge the market’s growth rate during the coming future.
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Global Infertility Treatment Market Size,
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