According to FutureWise analysis the market for fertility test in 2023 is US$ 0.58 billion, and is expected to reach US$ 1.08 billion by 2031 at a CAGR of 8.02%.
A medical and physical evaluation called a fertility test measures an individual's capacity to conceive naturally. Age is one factor that may impair fertility, so if men and women over 35 still have trouble becoming pregnant after six months of trying, they may want to consider fertility testing. Blood tests, discussions of medical history, and minimally invasive procedures are all part of the fertility testing process. The rise in disorders like Polycystic Ovary Syndrome (PCOS), which results in inconsistent monthly ovulation due to the ovaries' excessive estrogen synthesis, is linked to the expansion of the fertility testing market.
A fertility test generally examines a person's fertility and any associated problems in both men and women. Men and women are equally affected by reproductive issues; however, women are believed to be more apprehensive about fertility testing. A study of the patient's medical history, a blood test, and minimally invasive procedures are all components of fertility testing. To determine ovulation, primarily involves the detection of hormones like luteinizing hormone or progesterone hormone in blood, urine, or saliva. To ensure a normal sperm count, men's testing also includes sperm analysis. The important factors driving the fertility test market's growth are the rise in first-time pregnancy rates and the increased global awareness of fertility testing. In addition, factors including the global decline in fertility rates and the introduction of sophisticated, user-friendly fertility monitors with high accuracy also contribute to the market's overall growth.
The market is expanding as a result of factors including an increase in the number of women with PCOS, increased fertility testing awareness in developed and emerging countries, and rising ovulation monitor usage. The rise in demand for remote monitoring and self-testing among young women is also a significant benefit for the market's progress. The expansion of inexpensive fertility kits, the growing popularity of online pharmacies, and the increased focus on initiatives from both the public and private sectors are all expected to contribute to the growth of the market for fertility testing. Moreover, to provide patients with the greatest care possible, various countries are investing in developing medical facilities, hospitals, and fertility clinics. Government investment in healthcare is increasing, which has impacted the expansion and development of hospitals. Modernized facilities, state-of-the-art fertility clinics, and cutting-edge test regimens help market participants establish the framework for possible benefits. However, issues with the accuracy of ovulation prediction kits and urine-based ovulation monitor for women with PCOS significantly slow down the market's rate of development. Additionally, the expansion of the fertility test market globally is still constrained by a lack of standardization, a lack of awareness of these kits in remote areas, and swift changes in economic strategy.
FutureWise Market Research has published a report that provides an insightful analysis of fertility test market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, the fertility test market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.