Rising concerns for fertility is driving the growth in Global Fertility Testing Devices Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Fertility Testing Devices Market By Product Type (Ovulation Prediction Kits, Fertility Monitors (Urine-based Ovulation Test, Saliva-based Ovulation Test), Male Fertility Testing Products) By Application (Female Fertility Testing v/s Male Fertility Testing) By Mode of Purchase (OTC v/s Prescription-based) By End User (Hospitals, Fertility Clinics, Home Care Settings) By Region, Competition Forecast & Opportunities, 2026”, the global fertility testing devices market may potentially project an impressive growth in the forecast period, 2022-2026, with an impressive CAGR on the account of rising number of pregnancy expecting couples.
Globally, first-time pregnancy age of women is increasing. Due to work-life pressure, and other similar factors, first-time pregnancy is delayed decades in certain cases that is a major cause of fertility faulting among women. Along with this, declining fertility rate among men and women, growing instances of PCOS, emergence of advanced ovulation monitors, and the increased awareness of fertility testing in both developed as well as developing countries is driving the growth of the market in the upcoming five years.
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The global fertility testing devices market is segmented by product type, application, mode of purchase, end user, competitional landscape, and regional distribution. Based on application, the market is further divided into female fertility test, and male fertility test. Female fertility test is anticipated to hold the largest revenue shares of the market and assert its dominance over the market segment on the account of major factors like the decreasing female fertility rates, along with the availability of a wide range of fertility testing options for females.
Moreover, increase in gynecological issues in women (such as PCOD/PCOS), and the high cost of IVF procedures are also major factors that are expected to support the growth of the market in the upcoming five years. Male fertility tests may register the fastest growing CAGR rate due to enlightenment among the population and overcoming the taboo in many developing countries.
Based on product type, the market is further fragmented into ovulation prediction kits, fertility monitors (urine-based ovulation test, saliva-based ovulation test), and male fertility testing products. Ovulation prediction kits are anticipated to assert its dominance and hold the largest revenue shares of the market on the account of surge in the demand from trying to be pregnant couples.
Various kind of ovulation prediction kits have flooded the market that are functional by measuring the luteinizing hormone (LH) in the urine. LH levels rise 24-36 hours before ovulation. Further, according to the CDC one in every eight couple in the world are struggling with the conceiving due to various reasons like age, health issues, etc. thereby putting forward the surge in the demand of better fertility testing devices.
Holding the major shares of the global fertility testing devices market are Church & Dwight Co. Inc., Fairhaven Health LLC, Geratherm Medical AG, Abbott Laboratories, Inc., Quidel Corporation, Swiss Precision Diagnostics GmbH (Procter & Gamble), Tempdrop LLC, Uebe Medical GmbH, HiLin Life Products Inc., Fertility Focus Limited, among others. Market players are actively involved in the research and technological development in the medical device and testing kit developments.
The advanced technology has made it possible for the healthcare industry to provide excellent healthcare services through fertility testing devices. Further advancement would aid the market value and brand establishment in the future five years. New market players may focus on the research and development to provide options that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“North America is anticipated to be the most volatile and most promising market in the future five years. High prevalence of infertility and increasing awareness about fertility testing devices among women are anticipated to drive the market growth in the future. Moreover, easy availability of ovulation and fertility monitors through e-commerce websites are another major factor driving the growth of the global fertility testing devices market in the future. Also, the region consists of the United States and Canada likewise major economies that support excellent healthcare within the country and the presence of multiple market players that hold major shares of the market are other major factors that is expected to support the growth of the market too,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Fertility Testing Devices Market By Product Type (Ovulation Prediction Kits, Fertility Monitors (Urine-based Ovulation Test, Saliva-based Ovulation Test), Male Fertility Testing Products) By Application (Female Fertility Testing v/s Male Fertility Testing) By Mode of Purchase (OTC v/s Prescription-based) By End User (Hospitals, Fertility Clinics, Home Care Settings) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global fertility testing devices and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global fertility testing devices market.
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