Articles

Global Fertility Test Market — Industry Insights, Growth, Trends, Demand and Forecast to 2024

by VynZ Research Marketing Research Consultant
Fertility test is a process by which fertility is accessed. The global fertility test market is growing at significant rate, due to Escalating first-time pregnancy age, introduction of innovative fertility monitors with high-level precision. Different products contributed to the fertility test market size. The market has witnessed high demand for ovulation predictor kits in the coming years due minimal charge as contrasted to fertility monitors, and less price and high efficiency.

On the basis of product the market is subdivided into male fertility testing products, fertility monitors and ovulation predictor kits. Of all products, ovulation predictor kits segment accounted the largest share in the market due to minimal charge as contrasted to fertility monitors, less price and high efficiency, mounting age of first-time pregnancies in women, high preference for these products, effortless OTC obtainability and easiness of usage.

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On the basis of mode of purchase the market is subdivided into prescription-based and non-prescription/OTC-based. Preference of patients towards self-monitoring and remote monitoring, easy availability, and use of fertility and ovulation monitors on e-commerce websites are some of the factors responsible for the growth of the non-prescription/OTC-based fertility tests. Of all the mode of purchase, the non-prescription/OTC-based segment accounted the largest share in the market.

On the basis of application the market is subdivided into female fertility testing and male fertility testing. Declining female fertility rates, elevated price of IVF procedure and accessibility of an extensive range of fertility testing preferences are the factors growing the demand of female fertility testing application. Among the all applications, the female fertility testing application accounted the largest share in the fertility test market.

The different end users of the market are hospitals, fertility clinics and others and home care settings. Deterioration of fertility rates in women and men, mounting necessity for constant monitoring of health conditions, and mounting inclination for home and remote monitoring are the factors growing the demand of home care settings. Among the all end users, the home care settings accounted the largest share in the fertility test market.

Mounting acceptance of ovulation monitors based on basal body temperature and effortless accessibility of monitors on e-commerce sites are the trends in the fertility test market.

Escalating first-time pregnancy age, introduction of innovative fertility monitors with high-level precision, deteriorating fertility rates, mounting technological advancement in fertility testing kit and mounting alertness about fertility testing are the primary growth drivers for fertility test market.

High price of fertility testing monitors, untested precision of urine-based ovulation monitors and reduced precision of ovulation prediction kits are the major challenges for the growth of fertility test market.

Globally, the manufacturing companies trying to enter the fertility test market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

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Geographically, North America is the largest fertility test market as in the region the usage of fertility monitoring device for contraception is increasing.

Asia-Pacific is observed to witness fastest growth in the market, due to mounting occurrence of lifestyle disorders. In addition, mounting funding for the improvement of fertility and ovulation monitors and mounting number of manufacturers and suppliers of fertility testing are also creating a positive impact on the fertility test market growth in the region.

Key players in the fertility test market are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In December 2016, Prestige Brands Holdings, Inc. has entered into a definitive agreement to acquire C.B. Fleet Company, to enhance its product portfolio in feminine care and other over-the-counter healthcare products.

In July 2016, Ava launched Ava Bracelet, a fertility tracking sensor bracelet, to detect the fertility days during a women’s cycle. Advacare Pharma, Biozhena, Fertility Focus, Prestige Brands Holdings, AVA, SPD Swiss Precision Diagnostics, Fairhaven Health, Taidoc, Babystart, Hilin Life Products, Church & Dwight, Sensiia and Geratherm Medical are the key players offering fertility test.

Source: VynZ Research

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About VynZ Research Advanced   Marketing Research Consultant

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Joined APSense since, August 6th, 2018, From Kolkata, India.

Created on Sep 27th 2018 06:36. Viewed 415 times.

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