The global fertility testing devices market size was worth around USD 503.16 Million in 2022 and is predicted to grow to around USD 781.65 Million by 2030 with a compound annual growth rate (CAGR) of roughly 5.76% between 2023 and 2030.
The report analyzes the global fertility testing devices market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the fertility testing devices industry.
Global Fertility Testing Devices Market: Overview
Fertility testing is done for the evaluation of fertility and several conditions relate to it in male and female. Infertility is a condition of a rational duration of unprotected intercourse without conceiving. Couples do fertility testing to identify the core reason leading to their infertility. The general physician or gynecologist initially assesses the fertility test outcomes to analyze the precise problem and counsels the remedial treatment. Thus, due to the increasing demand for fertility testing devices, the global market is expected to propel in the near future.
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Global Fertility Testing Devices Market: Growth Factors
The major factors that are responsible for propelling the global market growth for fertility testing devices include the increasing average age of first-time pregnancies in females, rising knowledge about the importance of fertility testing, and the development of enhanced and feasible ovulation monitors with great precision. Decreasing fertility rate globally among females and easy accessibility on the e-commerce website of ovulation monitors are a few other factors contributing to the market growth. However, a few factors such as the huge price of ovulation monitors and the shortage of predictive accuracy & power to confirm ovulation in modern ovulation prediction techniques may hinder the market growth.
Global Fertility Testing Devices Market: Segmentation
The global fertility testing devices market can be segmented based on mode of purchase, product, and region. The mode of purchase segment of the market is classified into non-prescription or OTC testing and prescription testing. The product segment of the market is divided into fertility monitors and ovulation prediction kits. The fertility monitors segment of the market is sub-segmented into urine-based fertility monitors, saliva-based fertility monitors, and others.
Global Fertility Testing Devices Market: Regional Analysis
North America is expected to dominate the global fertility testing devices market owing to various factors, including the decrease in fertility rate due to the increasing first-time pregnancy age and elevated incidence of polycystic ovary syndrome among the females in this region and increasing consciousness regarding the advantages provided by fertility awareness methods & ovulation monitors in fruitful conception among females. Asia Pacific region is also anticipated to grow at a fast pace in the market in the coming period. The growth of this region can be attributed to various factors such as the rising digit of females experiencing lifestyle disorders, increasing attention of domestic & international players in the Asia-Pacific region, increasing expenditures for the establishment of ovulation & fertility monitors, and declining fertility rate.
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Global Fertility Testing Devices Market: Competitive Players
The major players in the global fertility testing devices market are
- Church & Dwight Co.Inc.
- SPD Swiss Precision Diagnostics GmbH
- Prestige Brands Holdings.Inc.
- HiLin Life Products.Inc.
- Fertility Focus Limited.
The other key players in the market are
- Geratherm Medical AG
- Babystart Ltd
- Quidel Corporation
- UEBE Medical GmbH
- Biozhena Corporation
- Alere Inc.
- Taidoc Technology Corporation
- and Fairhaven Health
The global fertility testing devices market is segmented as follows:
- OTC Testing
- Prescription Testing
- Fertility Monitors
- Urine-Based Fertility Monitors
- Saliva-Based Fertility Monitors
- And Others
- Ovulation Prediction Kits
Global Fertility Testing Devices Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, ongoing, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
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