It is estimated that the size of the global market for fertility testing devices was approximately USD 503.16 million in 2022 and will reach approximately USD 781.65 million by 2030, growing at a compound annual growth rate (CAGR) of roughly 5.76% between 2023 and 2030.
Factors that are responsible for the growth of global fertility test market are the decreasing rates of fertility worldwide, introducing the developed technology, growth in the age of first-time pregnancy and the user-friendly monitors of fertility with good accuracy. Fertility testing devices market is increasing at a substantial rate because of rise in the awareness towards the testing of fertility across the globe. Global fertility testing devices industry is experiencing the substantial increase due to the growth in the developments of technology, increase in the infertility and the occurrence of the obesity all over the world.
Fertility testing devices market is anticipated to increase at a stable speed in the coming years. The main factor that is expected to increase the market over the forecast period is the rise in the rate of infertility across the world. Another factors that are propelled to fuel the fertility testing devices market are occurrence of PCOS in large amount, delayed child bearing because of the financial crisis and the increase in the disease related to lifestyle. Moreover, trending OTC kits of checking the fertility and increase in the awareness related to fertility testing in the emerging regions are the factors that plays major role in fueling the fertility testing devices market globally in the coming years. In addition, lack of enthusiasm and the expensive fertility monitors are the reasons that are hampering the growth of fertility testing devices market in the coming future.
Global fertility test market trends are decrease in the fertility rate in females and the easy understanding on the e-commerce websites of the monitors of ovulation are the characteristics participating in the growth of fertility test market. Although, some factors like the user-friendly fertility monitors, expensive ovulation monitors, lack of power & predictive accuracy for confirming the ovulation using the modern ovulation techniques are restraining the fertility testing devices market growth.
Growing developments in the technology in fertility testing kits and pregnancy are augmenting the fertility testing devices market growth. Additionally, increase in the gynecological disorders and the occurrence of the infertility are boosting the growth of global fertility testing devices market. Though, accepting these products and less acceptance in the evolving regions are supplementing the global fertility testing devices market. Growth in the cases of sterility due to the change in lifestyle are resulting in the awareness and concern regarding the reducing fertility rates in men and women drive the demand for fertility testing devices market.
Global fertility testing devices market is segmented into end-user, distribution channel, and gender, mode of purchase, product and region. Based on end-user, fertility testing devices market is divided into fertility clinics, hospitals, home care settings and more. On considering the distribution channel, market is divided into e-commerce, fertility & gynecology clinics, pharmacy & drug store and more. Based on gender, market is divided into male fertility testing and female fertility testing. On the basis of mode of purchase, market is divided into non-prescription based and prescription based. On the basis of product, market is divided into fertility monitors, ovulation predictor kits, male fertility testing devices and more.
Geographically, regions involved in the development of global fertility testing devices market are Europe, North America, Asia Pacific and Rest of the World. North America holds the largest fertility testing devices market share. Asia Pacific is expected to grow in the coming future.
Key players involved in the fertility testing devices market analysis are Hilin Life Products, Geratherm Medical AG, Church & Dwight Co., Ava Science and more.
Fertility Testing Devices Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||USD 781.65 million|
|Growth Rate||CAGR of 5.76 % during 2020-2030|
|Segment Covered||Product, By Mode of Purchase, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Swiss Precision Diagnostics (Switzerland), Church & Dwight (US), Prestige Brands Holdings (US), bioZhena (US), Fairhaven Health (US), Fertility Focus (UK), Geratherm Medical (Germany), Hilin Life Products (US), UEBE Medical (Germany), AdvaCare Pharma (US), AVA (Switzerland), Babystart (UK), Valley Electronics (Germany), Sensiia (UK), and Mira Care (US),|
Key Segments in the “Global Fertility Test Market” are-
By End-User, market is segmented into:
- Fertility clinics
- Home care settings
By Distribution Channel, market is segmented into:
- Fertility & Gynecology clinics
- Pharmacy & drug store
By Gender, market is segmented into:
- Male fertility testing
- Female fertility testing
By Mode of Purchase, market is segmented into:
- Non- Prescription based
- Prescription based
By Product, market is segmented into:
- Fertility monitors
- Ovulation predictor kits
- Male fertility testing devices
By Regions market is segmented into:
- Asia Pacific
- North America
- Rest of the World