The rise in awareness regarding surrogacy and egg/sperm donation led to the growth of the market. Furthermore, the increase in the median age of first-time motherhood is also fuelling the market growth. With changing lifestyles, many women suffer from gynecological conditions that reduce their chances of conceiving naturally. However, the high cost of the services offered by these infertility treatments is one of the factors that can impede the market growth. Hike in fertility tourism is offering many opportunities to the Asia-Pacific fertility services market.
The Asia-Pacific fertility services market size was valued at $4,529.06 million in 2020, and is expected to reach $20,492.95 million by 2030, registering a CAGR of 15.5% from 2021 to 2030.
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growth of the Asia-Pacific fertility services market is attributed to increasing prevalence of infertility, an emerging trend of delayed pregnancies among women, technological advancements in ART procedures, a surge in male infertility, and increased incidences of gamete donations. Moreover, rise in the number of people suffering from infertility problems including reduced sperm count or problems in egg/sperm production act as high impact rendering factors for the growth of the fertility services market
Kishor Sherkar
Fertility services include different procedures used to treat fertility and genetic issues and assist with conception. There are different fertility services known as assisted reproductive technology (ART) methods, helping single parents and couples around the world in bearing a child. The surge in prevalence of delayed pregnancies opted by women and growth in infertility rates across the world drive the growth of the Asia-Pacific fertility services industry.
Covid-19 Scenario:
- During the pandemic, egg donation treatments are cancelled and frozen embryos are preserved for later use.
- Several ongoing pregnancies are facing struggle due to the disorder caused by the COVID-19 pandemic. It is hence impacting the fertility services market and in turn, limit the adoption of fertility services in the region.
- The pandemic disrupted the patient treatment schedule, due to which the patients have to face uncertainty.
- Amidst the ongoing COVID-19 situation, gynaecologists are taking care of antenatal care during pregnancy through online video sessions.
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Based on country, China contributed to the highest share in 2020, holding nearly two-fifths of the total market share, and is expected to maintain the lead throughout the forecast period. The same country is projected to manifest the fastest CAGR of 19.3% during the forecast period.
Leading players of the Asia-Pacific fertility services market analyzed in the research include CooperSurgical, Inc., Apollo Hospitals Enterprise Ltd, City Fertility, Fertility Associates Limited, Genea Limited, ESCO Life Sciences Group, Medicover Group, Thermo Fisher Scientific Inc., Monash IVF Group Limited, and Virtus Health.
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