Fertility Testing Devices Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2027
Category: #business  By Rahul Sankrityayan  Date: 2022-03-25
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Fertility Testing Devices Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2027

Meta title – Fertility testing devices market share to rise with increasing consumption of alcohol & caffeine

The fertility testing devices market is touted to register commendable growth over the forthcoming years, owing to the declining fertility rates with an escalation in the consumption of caffeine and alcohol by adults.

Major players in the fertility testing devices industry comprise Geratherm Medical AG, Samplytics Technologies Private Limited, Fertility Focus Limited, The Boots Company PLC, SPD Swiss Precision Diagnostics GmbH, SNOWDEN, HiLin Life Products, Inc., UEBE Medical GmbH, and others.

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These companies are focusing on strategic partnerships and product launch initiatives for securing a sound position in the market. For instance, in October 2020, Lady Technologies announced the rollout of Kegg, the company’s FDA-registered pelvic floor exercising and fertility tracking device. According to company officials, the product senses when the user’s hormone levels switch from estrogen to progesterone, signaling a woman’s fertile window and ovulation, exhibiting the results as a predictive graph in the app.

Owing to similar developments, the fertility testing devices market size is expected to exceed USD 920 million by 2027, cites the most recent research conducted by Global Market Insights, Inc.

The industry growth is further attributed to the extensive availability of fertility testing devices that can be deployed in homecare settings without the assistance of a healthcare professional. Therefore, a number of fertility testing devices manufacturers are keen on the development of home-based sperm count testing kits, fertility monitors, and home-based ovulation kits for user’s privacy.

To cite an instance, SpermCheck Fertility rolled out a home-based semen analysis kit that offer results in merely 10 minutes with an accuracy of 98%. In view of the multiple advantages of privacy, accessibility, and increased accuracy, the fertility testing devices market from home care settings recorded more than 50% of the revenue share in 2020 and will register considerable demand through 2027.

Increasing infertility issues in females to foster industry growth

As per a report by CDC (Centers for Disease Control and Prevention), around 6% of the married women between the ages of 15 and 44 in the United States face difficulty in getting pregnant. Furthermore, nearly 12% of women in the same age group are unable to carry a pregnancy to term.

Few major causes of infertility in women comprise abnormal uterine contour, fallopian tube obstruction, and disruption of ovarian function. In the light of these aspects, the female segment recorded a revenue of USD 520 million in 2020 and will record lucrative expansion through the estimated period.

Asia Pacific fertility testing devices market – prospects of expansion over 2021-2027

The Asia Pacific region has been depicting an escalation in infertility cases over the recent years. As per a SCMP (South China Morning Post) report, China recorded an increase in infertility rate from 12% in 2007 to 18% in the year 2020. This indicates that nearly 1 from every 5.6 couples in China are facing difficulty in having children.

In addition, various government bodies in the South Asian countries are popularizing family planning for the reduction of poverty. Therefore, numerous couples in the region are focusing towards planning their pregnancies.

The market expansion is also accelerated by the easy availability of fertility monitors and ovulation kits and new product launches. Driven by these factors, the Asia Pacific fertility testing devices industry registered nearly USD 145 million in 2020 and will depict substantial growth from 2021 to 2027.  

In a nutshell, the availability of easy to use and cost effective testing kits and escalating awareness regarding the causes of infertility will augment fertility testing devices market size through the forecast period.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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