Yahoo Finance U.S. Fertility Test Market to Reach $201.37 Million By 2027. Online Sales Channels to Witness Growth of Over 7% - Arizton
The US fertility test market was valued at $133.49 million in 2021 and is expected to reach $201.37 million by 2027.
Chicago, June 27, 2022 (GLOBE NEWSWIRE) -- According to Arizton’s latest research report, the U.S. 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 & obstetricians and consultation services are fueling the growth of the market. Hospital-associated pharmacies drive the awareness about fertility test kits with various mediums which positively influence the market growth.
Rising adoption of the E-commerce channels for consumable healthcare products fueling the sale of fertility test kit products. Also, with the availability of a wide range of products on online sales channels with respect to the price competitiveness; buyers can easily buy the products along with a comparison of products. Increasing internet penetration and the rising population using smartphones will give a new opportunity for market growth. The availability of digital fertility test kits created a new opportunity in the US market.
U.S. Fertility Test Market Report Scope
Report Attributes | Details | |
MARKET SIZE (2027) | $201.4 MILLION | |
MARKET SIZE (2021) | $133.5 MILLION | |
CAGR (2022-2027) | 7.09% |
|
BASE YEAR | 2021 |
|
FORECAST YEAR | 2022-2027 | |
MARKET SEGMENTS | 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 (Homecare, Fertility & Specialty Clinics, and Hospitals) | |
LARGEST MARKET BY PRODUCT | Ovulation Test kits | |
LARGEST SALES CHANNELS | Online Sales | |
COUNTRY COVERED | U.S. | |
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The US fertility treatment market is likely to grow at a healthy rate due to attractive long-term growth from favourable demographic and social/cultural shifts. Fertility testing is a niche industry with high margins for manufacturers, especially for vendors offering kits, which are widely used by males and females. Over the past few years, the US fertility test market has been growing at a healthy rate on account of rising awareness regarding fertility testing, increasing maternal age of women in four states of the US, rapidly increasing infertility population across the US, and awareness among the adult population.
Key Insights:
The US fertility tests market is segmented into ovulation test kits, fertility monitors, and sperm test kits segments. In 2021, the ovulation test kit segment dominated the market with more than 55% market share.
Rising concern about infertility issues and availability of At-home fertility test kits significantly drive the market growth.
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 major market share. On the other side, 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 providers and buyers.
The homecare segment accounted for more than 40% market share and dominate other segments during the forecast period.
Market Segmentation
Segmentation by Product-
Ovulation Test Kits
Fertility Monitors
Sperm Test Kits
Segmentation by Gender
Male
Female
Segmentation by Distribution Channel
Online Sales Channel
Retail Pharmacies
Hospital Pharmacies
Segmentation by End-users
Homecare
Fertility & Specialty Clinics
Hospitals
Large players are forming strategic alliances and entering co-marketing agreements to increase their competitiveness and penetration in the market. The consistently increasing product availability across the US gives a boost to the market. Most of the new start-ups and local players are trying to be in a leading position with business strategies. Some US-based companies are trying to achieve high market growth by increasing sales through online sales channels. E-commerce is the best way to acquire a high customer base and this strategy is approvingly accepted in the US by vendors.
Key Vendors
AB Analitica
Advacare Pharma
Biozhena
DNA Diagnostics Center
Fertility Focus limited
Fairhaven Health
Hamilton Thorne
Knowhen (Hilin Life Products)
Home Health (Babystart)
Give Legacy Inc
iXensor
Lady Technologies
LetsGetChecked
Medical Electronic System
Modern fertility Inc
OOVA
Premom
Samplytics Technologies Private Limited
SwimCount
Teco Diagnostic
UEBE Medical GmbH
Valley Electronics AG
Sugentech
Natalist
Explore our healthcare lifesciences profile to know more about the industry.
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About Arizton:
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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Call: +1-312-235-2040
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CONTACT: Arizton Advisory and Intelligence Call: +1-312-235-2040 +1 302 469 0707
