Infertility Treatment Devices & Equipment Market: Key vendors, Quality

Posted by Nicky Arora on March 4th, 2020

The global infertility treatment devices and equipment market size is expected to reach USD 420.7 million by 2026, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 9.3% during the forecast period. According to the United Nations (UN), the global fertility rate is expected to decline to 2.4 births per woman by 2030 and 2.2 births per woman by 2050. Currently, 46% of the global population lives in countries with low levels of fertility. Another 46% population lives in countries with intermediate fertility and the remaining 8% population lives in countries with high fertility.

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Demand for Assisted Reproductive Technology (ARTs) is growing due to growth in infertility rate across the globe. The patients are offered several options for the infertility treatment depending on the causes. Technological advancements in developing regions offer promising growth for fertility clinics, hospitals, and device manufacturers to expand the market presence. Healthcare facilities specializing in ART treatments are required to obtain a license from the respective authorities present in the country.

Availability of various reimbursement schemes in developed regions is likely to drive growth of the market in the forthcoming years. For instance, the Singapore government offers around 75% co-funding for various assisted reproductive treatments. The Ontario government had announced a fertility program worth USD 50 million to cover the treatment of 5,000 people in 2016.