The infertility drugs market involves various procedures and medications that help people conceive by increasing the possibilities of fertilization through artificial or natural means. These drugs help increase fertility rate by treating disorders affecting the production of reproductive cells or hormones responsible for ovulation. Some common fertility issues addressed through infertility drugs include damaged or blocked fallopian tubes, ovulation problems, low sperm count/mobility, and hormonal imbalance.
The global Infertility Drugs Market is estimated to be valued at Us$ 3699.8 Mn in 2024 and is expected to exhibit a CAGR Of 5.9% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers for the growth of infertility drugs market is rising public awareness about infertility treatment options. Fertility preservation has gained popularity owing to increasing trend of women delaying childbearing until late in life. Growing social acceptance of in vitro fertilization (IVF) and other assisted reproductive technologies (ART) is encouraging more people experiencing fertility issues to seek medical help. Moreover, supportive government initiatives and insurance coverage for infertility treatment in some countries are positively impacting the market demand. However, the high cost involved in infertility treatment procedures continues to hinder widespread adoption, especially in developing economies. Further R&D focused on development of affordable and effective fertility preservation methods is expected to bring novel opportunities in the coming years.
SWOT Analysis
Strength: Infertility is a rising health concern across the globe. The increased demand for infertility treatment and fertility drugs present a strong growth opportunity. Major players are investing heavily in R&D to develop better and more effective drugs.
Weakness: Cost of fertility drugs and treatments is very high which limits their adoption. Side effects associated with fertility drugs discourage some patients. Lack of health insurance coverage for infertility treatment in many countries poses challenges.
Opportunity: Growth in medical tourism for fertility treatments in developing nations provides an opportunity. Increase in delayed parenthood age improves the scope for infertility drugs. Growing public awareness regarding infertility treatment options boosts the market potential.
Threats: High cost of drug development deters new players. Stringent regulatory framework delays product approval. Socio-cultural barriers and social stigma impact the market size in certain regions.
Key Takeaways
The Global Infertility Drugs Market Demand is expected to witness high growth on account of rising infertility rates worldwide. As per estimates, over 60 million couples suffer from infertility globally. The global infertility drugs market is estimated to be valued at US$ 3699.8 Mn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030.
Regions like North America and Europe currently dominate the market owing to high diagnosis and treatment rates. However, Asia Pacific is expected to emerge as the fastest growing regional market in the coming years. Countries like India, China and Japan are witnessing increased acceptance of Assisted Reproductive Technologies (ARTs) and IVF treatments. This will positively impact the demand for infertility drugs in Asia Pacific.
Key players operating in the infertility drugs market are Merck & Co., Ferring Pharmaceuticals, Janssen Pharmaceutical, LIVZON Pharmaceutical Group Inc., and Procter & Gamble Pharmaceuticals. Merck & Co. is one of the leading players with strong product portfolio including MEROMIX, ERLEADA and others. Similarly, Ferring Pharmaceuticals offers various fertility injections such as REKOANE, PREGNYL and OVIDREL. These established players have robust distribution networks across major markets. However, the market also witnesses entry of smaller regional generics manufacturers.
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