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The infertility drugs market share is expected to increase by USD 1.03 billion from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 4.82%.
This infertility drugs market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers infertility drugs market segmentations by product (hormone-based therapy and others) and geography (North America, Europe, APAC, and South America). The infertility drugs market report also offers information on several market vendors, including AbbVie Inc., Allergan Plc, Bayer AG, Ferring Pharmaceuticals AS, GlaxoSmithKline Plc, Merck & Co. Inc., Merck KGaA, Novartis AG, Pfizer Inc., and Sanofi among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing lifestyle diseases is notably driving the infertility drugs market growth, although factors such as rising inclination toward other modes of treatment for infertility may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the infertility drugs industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Infertility Drugs Market Driver
The rising trend of late parenthood is a key driving factor impacting the global infertility drugs market growth. Increased age of parenthood is one of the major factors leading to the infertility problem in the present generation. In fact, it has severely affected European countries and some Asian countries such as Japan. This growing trend of late motherhood is against the natural range of fertile years for women, which significantly brightens the prospects for the global infertility drugs market. Factors such as the growing use of various contraceptive technologies, increasing focus on higher education and career, and urbanization have led to the rising median age of first pregnancy, leading to falling fertility rates. Globally, more women are working than ever before, which has also increased the average age of conceiving a child. Such factors are creating more complications and often lead to infertility.
Key Infertility Drugs Market Trend
Raising awareness regarding infertility in couples is a key trend impacting the global infertility drugs market growth. There is growing awareness about sexual health, such as fertility issues across the globe. This is expected to act as a positive trend in the infertility treatment industry. Different government and non-government organizations across the globe are supporting the couples to come forward and discuss their problems and seek professional help to tackle their issues. For instance, the International Fertility Alliance (IFA) is on a mission to spread awareness about fertility issues and provide support to people with fertility-related issues. Additionally, the National Fertility Association founded the National Infertility Awareness Week, which focuses on providing the right information and answering queries about infertility.
Key Infertility Drugs Market Challenge
The rising inclination toward other modes of treatment for infertility is a key challenge negatively impacting the global infertility drugs market growth. Rising preference for other modes of treatment such as assisted reproductive technology (ART) is posing tough competition for the infertility drugs market. In developed countries, couples having problems conceiving children are inclining toward ART. IVF is the most adopted form of ART treatment. Some of the other forms of treatment for infertility are listed below. Artificial insemination/Intrauterine insemination (IUI) involves direct injection of sperm into the uterus via a thin, flexible catheter. Couples that face low sperm count in the male partner opt for such treatments.
This infertility drugs market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.
Technavio categorizes the global Infertility drugs market is a part of the global pharmaceuticals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the infertility drugs market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the infertility drugs market encompasses successful business strategies deployed by the key vendors. The infertility drugs market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The infertility drugs market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the infertility drugs market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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