Infertility Treatment Devices Market Size, Share, Industry Trends and Forecast to 2030

Market Size & CAGR of Infertility Treatment Devices Market in 2021

The global infertility treatment devices market had a market size of USD 1.2 billion in 2021. The market is expected to grow at a CAGR of 8.7% from 2021 to 2026, reaching a value of USD 2.5 billion by the end of the forecast period. The increasing prevalence of infertility, advancements in technology, and growing awareness about infertility treatments are some of the key factors driving the market growth.

COVID-19 Impact on the Infertility Treatment Devices Market

The COVID-19 pandemic had a mixed impact on the infertility treatment devices market. While there was a temporary slowdown in the market due to disruptions in supply chains and restrictions on non-essential medical procedures, there was also an increase in demand for infertility treatments as couples spent more time at home during lockdowns. The market quickly rebounded in the second half of 2020 as healthcare systems adapted to the new normal.

Infertility Treatment Devices Dynamics

The infertility treatment devices market is driven by factors such as increasing infertility rates, advancements in assisted reproductive technology (ART), and the rising trend of delayed parenthood. Technological advancements, such as the development of miniaturized devices and wearable fertility trackers, are also contributing to market growth. However, the high cost of infertility treatments and lack of insurance coverage in some regions are key challenges facing the market.

Segments and Related Analysis

By Device Type:

The infertility treatment devices market is segmented into ovulation induction devices, male infertility treatment devices, and assisted reproductive technology (ART) devices. The ART devices segment accounted for the largest market share in 2021, driven by the increasing use of in vitro fertilization (IVF) techniques.

By End User:

The market is segmented into fertility clinics, hospitals, and research institutes. Fertility clinics were the largest end-user segment in 2021, as they specialize in providing a range of infertility treatments and services.

By Region Analysis

North America

North America dominated the infertility treatment devices market in 2021, accounting for over 40% of the global market share. The region's strong healthcare infrastructure, high adoption of ART techniques, and supportive government policies for fertility treatments contribute to its market leadership.

Europe

Europe is the second-largest market for infertility treatment devices, with countries like Germany, France, and the UK leading the way in terms of fertility treatments and research. The region's aging population and increasing infertility rates are driving market growth.

Key Market Players and Competitive Landscape

Some of the key players in the infertility treatment devices market include Cook Medical, CooperSurgical Inc., Thermo Fisher Scientific, Vitrolife, and Irvine Scientific. These companies are focusing on strategic partnerships, product launches, and acquisitions to strengthen their market position and expand their product offerings.

Recent Happenings in the Infertility Treatment Devices Market

In recent years, the infertility treatment devices market has witnessed several notable developments, including the launch of innovative fertility monitoring devices, the introduction of AI-based fertility prediction tools, and the expansion of fertility clinics and IVF centers in emerging markets. These developments are expected to drive market growth and improve access to infertility treatments globally.