Chicago, June 27, 2022 (GLOBE NEWSWIRE) – According to Arizton’s latest research report, the US fertility test market is expected to grow at a CAGR of 7.09%. The increasing number of fertility hospitals as well as hospital visits for fertility related issues, and consultation for the application of fertility test kits. The increasing number of gynecologists and obstetricians and consulting services are driving the growth of the market. Hospital-related pharmacies promote awareness about fertility test kits with different mediums that positively impact market growth.
Increasing acceptance of the e-commerce channels for consumable healthcare products that fuel the sale of fertility test kit products. Also, with the availability of a wide range of products on online sales channels with respect to price competitiveness; buyers can easily buy the products along with a comparison of products. Increasing internet penetration and the growing population using smartphones will provide a new opportunity for market growth. The availability of digital fertility test kits has created a new opportunity in the US market.
US Fertility Test Market Report Scope
|MARKET SIZE (2027)||$ 201.4 MILLION|
|MARKET SIZE (2021)||$ 133.5 MILLION|
|MARKET SEGMENT||Product (ovulation test kits, fertility monitors and sperm test kits), gender (male and female), distribution channel (online sales channel, retail pharmacies and hospital pharmacies), end user (home care, fertility and specialty clinics and hospitals))|
|LARGEST MARKET PER PRODUCT||Ovulation test kits|
|LARGEST SALES CHANNELS||Online sales|
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The U.S. fertility treatment market is likely to grow at a healthy pace due to attractive long-term growth from favorable demographic and social / cultural shifts. Fertility testing is a niche industry with high margins for manufacturers, especially for suppliers that offer kits, which are widely used by men and women. Over the past few years, the U.S. fertility testing market has grown at a healthy pace due to increasing fertility testing awareness, increasing maternal age of women in four U.S. states, rapidly increasing infertility populations across the U.S., and adulthood awareness. .
- The US fertility test market is divided into segments for ovulation test kits, fertility monitors and sperm test kits. In 2021, the ovulation test set segment dominated the market with more than 55% market share.
- Increasing concerns about infertility issues and availability of home fertility test kits are driving market growth significantly.
- The female segment dominated the market with more than 70% market share in 2021. The higher acceptance of fertility test kits by women due to higher awareness contributes to a large market share. On the other hand, the male segment shows the healthy acceptance of fertility test kits in recent years.
- Online sales channels are one of the fast growing segments with a 7.64% CAGR, due to an increase in the application rate of online sales channels by suppliers and buyers.
- The home care segment accounted for more than 40% market share and dominated other segments during the forecast period.
Segmentation by product–
- Ovulation test kits
- Fertility monitors
- Sperm test kits
Segmentation by gender
Segmentation by distribution channel
- Online sales channel
- Retail Pharmacies
- Hospital Pharmacies
Segmentation by end users
- Home care
- Fertility and specialty clinics
Major players form strategic alliances and enter into co-marketing agreements to increase their competitiveness and market penetration. The consistently increasing product availability across the US is boosting the market. Most of the new start-ups and local role players are trying to be in a leading position with business strategies. Some US companies are trying to achieve high market growth by increasing sales through online sales channels. E-commerce is the best way to gain a high customer base and this strategy is approved by sellers in the US.
- AB Analytical
- Advacare Pharma
- DNA Diagnostic Center
- Fertility focus limited
- Fairhaven Health
- Hamilton Thorne
- Knowhen (Hilin Life products)
- Home Health (Babystart)
- Gee Legacy Inc
- Lady Technologies
- Medical electronic system
- Modern fertility Inc
- by the way
- Samplytics Technologies Private Limited
- Teco Diagnostic
- UEBE Medical GmbH
- Valley Electronics AG
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