Fertility Testing Devices Market: Current Analysis and Forecast (2022-2028)

Fertility Testing Devices Market: Current Analysis and Forecast (2022-2028)

Global Fertility Testing Devices Market is expected to grow at a significant rate of around 8% during the forecast period. This is mainly due to the rapid advancement in technology and rises in first-time pregnancy age and the availability of less time-consuming reorganized diagnostic tests in place of laboratory tests are responsible for the market growth of the fertility testing devices market. Furthermore, the increasing adoption of home-based diagnostic testing products significantly contributes to the market for testing devices. According to CDC, in 2019, about 6% of married women aged 15-44 years in the United States were unable to conceive after one year of trying. Moreover, the increasing elderly population of the country is also responsible for boosting the market for fertility testing devices market. The demand for fertility testing devices products also increased due to the rising prevalence of medical conditions like hormonal imbalance in females such as irregular and heavy bleeding, indescribable miscarriages, and abnormalities of the uterus which is responsible for excessive use of fertility testing devices and significantly contributes to the market for these devices. Therefore, the market for fertility testing devices market is expected to witness significant growth during the forecast period.

Church & Dwight Co. Inc., Geratherm Medical A.G., Prestige Consumer Healthcare Inc., Swiss Precision Diagnostics GmbH, Procter & Gamble Co., Abbott Laboratories, Piramal Enterprises Ltd., Quidel Corporation, Alfa Scientific Designs Inc., AdvaCare Pharma are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
 
Insights Presented in the Report
"Amongst product, ovulation prediction kits category to witness significant CAGR during the forecast period”

Based on product, the market is segmented into ovulation prediction kits, fertility monitors, and male fertility test products. The ovulation prediction kits category is to witness significant CAGR during the forecast period owing to the growing penetration of fertility testing devices. When taken correctly, ovulation tests are approximately 99% accurate in detecting the LH surge that precedes ovulation
"Amongst mode of purchase, the over-the-counter to hold a significant share in the market in 2020”

On the basis of the mode of purchase, the market is categorized into prescription-based, over-the-counter, and online products. Among these, the over-the-counter to hold a significant share of the market in 2020. This is mainly due to the.
"Amongst application, the over-the-counter to hold a significant share in the market in 2020”

On the basis of the application, the market is categorized into female fertility testing devices and male fertility testing devices. Among these, female fertility testing devices to hold a significant share of the market in 2020. This is mainly due to the.
"North America to hold a significant share in the market”

In 2020, North America held a significant share of the global fertility testing devices market. This is mainly attributed to the rising infertility issues in both genders, the increase in technology development in emerging economies, as well as the expansion of the healthcare industry, which has contributed to the growth of the North America market. As per the National Institutes of Health, about 9% of men and about 11% of women of reproductive age in the United States have experienced fertility problems in 2018. North America has a higher adoption rate of technologically advanced and innovative solutions and devices. The enhanced consumer awareness regarding the availability of various fertility testing devices has propelled the growth of the market in the region. Hence these require devices in the region which drives the demand for female fertility and pregnancy rapid tests in the region.

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