Fertility Testing Devices Market Size And Forecast
The Global Fertility Testing Devices Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Fertility Testing Devices Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Fertility Testing Devices Market was valued at USD 417.54 Million in 2019 and is projected to reach USD 710.20 Million by 2027, growing at a CAGR of 6.88 % from 2020 to 2027.
What are Fertility Testing Devices?
The natural ability of an individual to produce offspring is defined as fertility. The absence of these characteristic is known as infertility. Fertility testing devices are electronic equipments that are used to monitor and examine the changes in body temperature, hormone level in urine, saliva, and other samples to detect the fertility of the individual. The devices are used for both male fertility testing and female fertility testing. The different types of devices used by clinics, hospitals, and individuals for the detection of fertility are testing kits, ovulation prediction kits, sonohysterogram, hysteroscopy, and hysterosalpingogram.
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The couples mainly do the fertility testing to identify the reason leading to infertility. The general physician or gynecologist initially assess the fertility test outcomes to analyze the problem and suggest the remedial treatment accordingly. The market is estimated to witness rapid growth as technological advancements drive demand for portable, quick, and accurate testing.
Global Fertility Testing Devices Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The increasing number of first-time pregnancies in females, rising knowledge about the importance of fertility testing, and the development of enhanced and feasible ovulation monitors with greater accuracy is expected to fuel the growth of the global fertility testing devices market. The lowering fertility rate globally in females and easy accessibility on e-commerce websites of ovulation monitors are few other factors likely to drive the demand for the forecast period.
On the contrary, few factors such as the high cost of ovulation monitors, the shortage of predictive accuracy, the power to confirm ovulation in current ovulation prediction techniques, and increasing use of mobile applications and websites for ovulation tracking are the potential restraints hindering the overall growth of the market. However, pharmaceuticals healthcare organizations are investing in the manufacturing of fertility testing devices that offers favorable growth opportunities for this market. Additionally, government policies for the treatment of infertility will further boost the market in the coming years.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Fertility Testing Devices Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Fertility Testing Devices Market Competitive Landscape
The “Global Fertility Testing Devices Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Church & Dwight Co. Inc., bioZhena Corporation, Geratherm Medical AG, Emay (HK) Limited, Alfa Scientific Designs Inc., Piramal Enterprises Ltd., SPD Swiss Precision Diagnostics GmbH, Ava Science Inc., Hilin Life Products, Quidel Corporation, and Others. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Fertility Testing Devices Market, By Product
• Ovulation Prediction Kits
• Fertility Monitors
• Male Fertility Testing Products
Fertility Testing Devices Market, By Mode of Purchase
• OTC-Based
• Prescription-Based
Fertility Testing Devices Market, By Application
• Female Fertility Testing
• Male Fertility Testing
Fertility Testing Devices Market, By End-User
• Home care settings
• Hospitals
• Fertility Clinics
• Others
Fertility Testing Devices Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
o Middle East & Africa
o Latin America
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