Fertility Services Market
Fertility Services Market
The market for Fertility Services was estimated at $51.16 billion in 2024; it is anticipated to increase to $79.0 billion by 2030, with projections indicating growth to around $113 billion by 2035.
Report Summary
Table of Contents
Methodology
Market Data
Global Fertility Services Market Outlook
Revenue, 2024 (US$B)
$51.2B
Forecast, 2034 (US$B)
$105B
CAGR, 2024 - 2034
7.5%
The Fertility Services industry revenue is expected to be around $55.0 billion in 2025 and expected to showcase growth with 7.5% CAGR between 2025 and 2034. By making procreation more accessible, to all these services represent a forward thinking change that could influence how society views infertility and lessen any stigma.</p><p>Assisted reproduction services encompass a variety of methods and steps designed to support individuals and couples in achieving pregnancy starting from fertility evaluations and discussions to sophisticated treatments such as, in vitro fertilization (IVP) and intracytoplasmic sperm injection (ICSI).</p>
Market Key Insights
- The Fertility Services market is projected to grow from $51.2 billion in 2024 to $105 billion in 2034. This represents a CAGR of 7.5%, reflecting rising demand across Assisted Reproductive Technology (ART) Services, Egg and Sperm Cryopreservation Services and Fertility Diagnostics Services.
- Virtus Health, Monash IVF Group, Care Fertility Group are among the leading players in this market, shaping its competitive landscape.
- U.S. and Canada are the top markets within the Fertility Services market and are expected to observe the growth CAGR of 4.9% to 7.2% between 2024 and 2030.
- Emerging markets including Brazil, South Africa and Malaysia are expected to observe highest growth with CAGR ranging between 8.6% to 10.3%.
- Transition like Upsurge in Assisted Reproductive Technology adoption is expected to add $7.6 billion to the Fertility Services market growth by 2030
- The Fertility Services market is set to add $54.3 billion between 2024 and 2034, with manufacturer targeting Intracytoplasmic Sperm Injection & Intrauterine Insemination Treatment Type projected to gain a larger market share.
- With Rising trend of delayed pregnancies, and Technological advancements in fertility procedures, Fertility Services market to expand 106% between 2024 and 2034.
Opportunities in the Fertility Services
Advancements in technology are pushing the limits of fertility treatment options forward. The development of apps for fertility tracking, mobile devices and home based diagnostic tools indicate a direction, for customized and convenient fertility care services.
Growth Opportunities in North America and Asia Pacific
North America Outlook
<p>In the global fertility services market scene dominated by North America factors like heightened awareness about fertility treatments and advanced technology play a role along with the well established healthcare infrastructure in the region driving this dominance forward. Public and private investment, in health and wellness here has led to market growth. These key players are engaged in competition to solidify their positions by expanding service offerings and fostering innovation. Numerous business prospects await in the market with possibilities, for progress and the potential to offer customized treatment plans based on individual requirements.</p>
Asia Pacific Outlook
<p>In contrast the market for fertility services in the Asia Pacific region is expected to experience growth at a fast pace primarily due to the increasing number of infertility cases and greater adoption of advanced fertility treatments among people in developing nations such, as India and China.</p>
Market Dynamics and Supply Chain
01
Driver: Rising trend of Delayed Pregnancies, and Increasing Prevalence of Infertility
The average age of first time mothers is also on the rise as more women prioritize advancing their careers before starting a family. This shift towards delayed pregnancies is also playing a role in boosting the fertility services sector since fertility tends to decline with age. Consequently there has also been a surge in demand for fertility procedures, like IVF, surrogacy and egg freezing driving the growth of the market. The direction of the fertility services market is also predominantly influenced by the increasing rates of infertility.<br>The rise of cutting edge technologies in fertility solutions such as time lapse imaging of embryos and pre genetic testing before implantation is also driving the growth of the fertility services industry forward. The ongoing enhancements in technologies have also boosted the effectiveness of fertility treatments leading to a surge, in numbers and thereby fuel market expansion.
02
Restraint: High Cost of Treatment
: The high cost of fertility services can act as a major restraint in this market. Fertility treatments like In Vitro Fertilization (IVF), Intracytoplasmic Sperm Injection (ICSI), and other assisted reproductive technologies are often expensive, making them inaccessible to a large section of the population. The cost factor becomes even more critical in developing countries where out-of-pocket health expenditure is high and insurance coverage for such services is very limited.
03
Opportunity: Male Infertility An Underserved Market and IVF Tourism on the Rise
In the past fertility services have mostly focused on womens well being. Nonetheless several studies indicate that male related issues play a role in nearly half of all infertility cases. This presents an opportunity, for fertility services tailored to cater to mens health needs.<br>The trend of seeking fertility treatments across borders is gaining traction in the fertility services industry as couples are increasingly opting for cost top notch services overseas which has given rise to a profitable sector, in IVR tourism.
04
Challenge: Social Stigma and Cultural Barriers
: Another significant restraint is the social stigma and cultural barriers associated with infertility.
Supply Chain Landscape
1
Diagnostic Services and Initial Assessment
Labcorp Inc.
OPKO Health Inc
2
Fertility Drugs Production
Merck & Co. Inc.
Ferring Pharmaceuticals
3
Assisted Reproductive Technologies (ART) Equipment Manufacturing
The Cooper Companies Inc.
Cook Medical LLC
4
Fertility Clinics and Hospitals
Virtus Health
The US Fertility Network
1
Diagnostic Services and Initial Assessment
Labcorp Inc.
OPKO Health Inc
2
Fertility Drugs Production
Merck & Co. Inc.
Ferring Pharmaceuticals
3
Assisted Reproductive Technologies (ART) Equipment Manufacturing
The Cooper Companies Inc.
Cook Medical LLC
4
Fertility Clinics and Hospitals
Virtus Health
The US Fertility Network
*The illustration highlights the key stakeholders within the supply chain ecosystem.
Applications of Fertility Services in Assisted Reproductive Technology (ART) Services, Egg and Sperm Cryopreservation Services and Fertility Diagnostics Services
Assisted Reproductive Technology (ART) Services
<p>ART is widely known as one of the applications in Fertility Services and includes procedures like in vitro fertilization (IVR) where eggs are fertilized outside the body and intracytoplasmic sperm injection (ICSI) that involves injecting a single sperm into an egg to overcome various infertility challenges faced by many couples and providing them with hope for starting a family. Supporters of these techniques include known names, like Reproductive Medicine Associates and Boston IVR.</p>
Fertility Diagnostics Services
<p>Another important aspect of this field is the use of fertility testing services to help individuals or couples determine the underlying reasons for their fertility challenges. You can find a range of testing and assessment methods, in these services. The key benefit is the ability to pinpoint and tackle fertility issues. This increases the likelihood of treatment. Quest Diagnostics and Progenesis are leading providers offering fertility diagnostic services.</p>
Egg and Sperm Cryopreservation Services
<p>Freezing and storing eggs and sperm for fertility treatments is a common practice, in the field of assisted reproduction as well.</p>
Recent Developments
December 2024
<p>Egg Bank Corporation broadened its reach by establishing five fertility centers in the Asia Pacific area as a response to the increasing need, in these developing markets.</p>
September 2024
<p>ReproTech Ltd unveiled an AI powered technology aimed at enhancing the accuracy and effectiveness of in vitro fertilization procedures. This initiative reflects the growing emphasis, on incorporating technology into healthcare services.</p>
June 2024
<p>Modern Fertility teamed up with Invitro Clinic in a partnership to offer tailored fertility solutions. This move aligns with the trend in the market, towards more personalized healthcare.</p>
The latest advancements in the field of Fertility Services showcase a trend towards utilizing cutting edge technologies in the industry. The swift advancements in Assisted Reproductive Technologies (ART) such as In Vitro Fertilization (IVF) and Intracytoplasmic Sperm Injection (ICSI) have brought about a transformation in fertility care. These developments have expanded the options for couples facing fertility challenges by enabling them to pursue parenthood more effectively consequently leading to an increase in demand, within the market.
Impact of Industry Transitions on the Fertility Services Market
As a core segment of the Life Science Technology industry,
the Fertility Services market develops in line with broader industry shifts.
Over recent years, transitions such as Upsurge in Assisted Reproductive Technology adoption and Shift towards Personalized Patient Experience have redefined priorities
across the Life Science Technology sector,
influencing how the Fertility Services market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Upsurge in Assisted Reproductive Technology adoption
As infertility rates increase worldwide many people and couples are looking for help with their fertility paths. Theres a trend towards using Assisted Reproductive Technology (ART) which includes procedures like In Vitro Fertilization (IVF) Intracytoplasmic Sperm Injection (ICSI) and Egg/Sperm Donation. This shift is mainly influenced by advances, in technology growing approval and improved availability of these treatments.
02
Shift towards Personalized Patient Experience
In todays Fertility Services market there is a trend towards offering personalized experiences, for each patient.