Follicle Stimulating Hormone Market By Type (Recombinant FSH, Urinary FSH) , By Application (Infertility Treatment, Assisted Reproductive Technology) By End User (Hospitals, Fertility Clinics, Cryobanks) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Follicle Stimulating Hormone Market
The follicle stimulating hormone market was valued at $1.94 billion in 2023 and is estimated to reach $3.74 billion by 2035, exhibiting a CAGR of 5.7% from 2024 to 2035.
Follicle stimulating hormone (FSH) is a vital hormone produced by the pituitary gland that plays a key role in reproductive health. In females, FSH is specifically involved in the menstrual cycle and ovarian function as it stimulates the development of ovarian follicles containing the ovum. FSH further regulates the production of two essential hormones involved in menstrual cycle and pregnancy that are estrogen and progesterone. In males, the hormone stimulates sperm cells production in the testes. It works alongside luteinizing hormone (LH) to regulate fertility and normal reproductive functions. Along with its reproductive functions, FSH impacts the bone health and is essential in conditions such as polycystic ovary syndrome (PCOS) and infertility.
Increase in prevalence of infertility and rise in awareness among individuals regarding the benefits of FSH-based medications are the key factors driving the growth of the follicle stimulating hormone market. Moreover, increase in adoption of assisted reproductive technology (ART) is expected to significantly augment the growth of the market. Currently, the exploration of FSH in several regeneration-related functions of endometrial stem cells is acquiring traction. According to scientists, this is predicted to subsequently increase pregnancy rates among females.
However, fertility-related treatments, including FSH therapies, are not covered under insurance policies in several regions. This makes such treatments expensive for several individuals, thus preventing them from undergoing such treatments and restraining the market development. Moreover, the side-effects of FSH administration are severe in some cases, including multiple pregnancies, ovarian hyperstimulation syndrome (OHSS), and hormonal imbalances. This limits the utilization of FSF and presents challenges for the market players. On the contrary, infertility rates are surging globally owing to lifestyle changes and environmental stressors. As per a 2023 article by Center of Disease Control and Prevention, 13.4% of women between the age 15-49 were reported to suffer from impaired fecundity. These statistics indicate a promising future for the market.
Segment OverviewThe follicle stimulating hormone market is segmented into type, application, end user, and region. On the basis of type, the market is bifurcated into recombinant FSH and urinary FSH. By application, it is classified into infertility treatment and assisted reproductive technology. As per end user, it is categorized into hospitals, fertility clinics, and cryobanks. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of type, the recombinant FSH segment dominated the market in 2023.
By application, the infertility treatment segment acquired a high market share in 2023.
Region wise, North America was the highest revenue generator in 2023.
Competition AnalysisThe major players operating in the follicle stimulating hormone market are Pfizer Inc., Novartis AG, Abbott Laboratories, Sanofi S.A., Boehringer Ingelheim GmbH, Merck KGaA, Teva Pharmaceutical Industries Ltd., Merck Specialities Pvt Ltd., Intas Pharmaceuticals Ltd., and Cipla Ltd. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the market.
Key Market SegmentsBy TypeRecombinant FSH
Urinary FSH
By ApplicationInfertility Treatment
Assisted Reproductive Technology
By End UserHospitals
Fertility Clinics
Cryobanks
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Pfizer Inc.
Novartis AG
Abbott Laboratories
Sanofi S.A.
Boehringer Ingelheim GmbH
Merck KGaA
Teva Pharmaceutical Industries Ltd.
Intas Pharmaceuticals Ltd.
Cipla Ltd.
Zydus Lifesciences Limited