LONDON--(BUSINESS WIRE)--The global fertility services market is expected to grow at a CAGR of more than 7% during the period 2018-2022, according to a new market research study by Technavio.
The report presents a comprehensive research of the global fertility services market by service type, including treatment services and testing and storage services. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
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Market driver: rising prevalence of late parenthood
One of the major factors leading to infertility problem is the increased age of parenthood. It has severely affected European countries and some of the Asian countries such as Japan. Over the past few decades, the global median age for bearing the first child has drastically increased. Factors leading to falling fertility rates are 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. The number of women working has increased globally, and this has also increased the average age of conceiving a child.
According to a senior analyst at Technavio for health and wellness research, “This growing trend of late motherhood is against the natural range of fertile years for women. Women's fertility is expected to be at the highest during her mid-20s. However, it starts declining after they turn 30 and declines further after 35 years. The chances of pregnancy reduce with the rising age. Complications such as increased risk of gestational diabetes, high blood pressure, or heavier babies arise with late pregnancy. Therefore, the increasing trend of late parenthood is expected to have a higher need for fertility services such as treatment services, which includes, ICSI, zygote intrafallopian transfer, gamete intrafallopian transfer, IVF as well as testing and storage services among couples and individuals. This is expected to drive the global fertility services market during the forecast period.”
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Market trend: rising cases of prostate cancer
There has been an increase in the number of people with prostate cancer, and it is one of the most common types of cancer among men, globally. Treating this type of cancer can lead to the removal of the prostate gland, resulting in impaired sexual function and drop in fertility in at least half of the men undergoing this treatment. It becomes difficult for the patient to retain the ability to father children through sexual intercourse, after the initial treatment.
During the process of prostatectomy, the removal of the prostate and the nearby seminal vesicles take place. Seminal vesicles can be defined as the two small structures that lie at the base of the bladder. Along with the prostate, they provide the semen that carries the sperm through the urethra toward the penis during ejaculation. The ejaculation becomes impossible after the loss of semen post surgery. Thus, the sperm physically cannot reach the woman's egg for fertilization. The fertility in men is nearly always impaired, after the use of radiation therapy.
Market challenge: high complication rate in fertility services
All medical treatments involve a certain amount of risk, and fertility services are no exception. The high success rate of artificial insemination as compared to other treatments has compelled most women to undergo such treatment. However, they can cause various complications including multiple pregnancies, ovarian hyperstimulation syndrome, internal bleeding or infection, premature delivery, birth of low-weight babies, and congenital defects.
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