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Fertility Testing Devices Market to Record 5.2% Y-O-Y Growth Rate in 2022, Evolving Opportunities with Abbott Laboratories & AdvaCare Pharma - Technavio

·14 min read

NEW YORK, July 26, 2022 /PRNewswire/ -- The fertility testing devices market size is set to grow by USD 153.91 million from 2021 to 2026, progressing at a CAGR of 5.73% as per the latest market report by Technavio. The fertility testing devices market is fragmented and the vendors are deploying growth strategies such as introducing innovative products to compete in the market. Abbott Laboratories, AdvaCare Pharma, Alfa Scientific Designs Inc, Ava AG, Babystart Ltd., bioZhena Corp., Church and Dwight Co. Inc., Geratherm Medical AG, Get Stix Inc., Medical Electronic Systems LLC, Piramal Enterprises Ltd., PREGMATE, Prestige Consumer Healthcare Inc., Quanovate Tech Inc., Quidel Corp., Samplytics Technologies Pvt Ltd., Tempdrop Ltd., The Procter and Gamble Co., UEBE Medical GmbH, and Valley Electronics AG are some of the major market participants.

Technavio has announced its latest market research report titled Fertility Testing Devices Market by Product and Geography - Forecast and Analysis 2022-2026
Technavio has announced its latest market research report titled Fertility Testing Devices Market by Product and Geography - Forecast and Analysis 2022-2026

To know about the vendor offerings - Request a sample now!

Fertility Testing Devices Market 2022-2026: Scope

Our fertility testing devices market report covers the following areas:

Fertility Testing Devices Market 2022-2026: Market Dynamics

Major Driver

  • The key factor driving growth in the fertility testing devices market is the rising median age of first-time pregnancies in women.

  • In Mexico, the mean age of women at first childbirth was 20-24 years. In Ireland, Italy, South Korea, Spain, and Switzerland, the average age of women at first childbirth was 30-34 years. In Hungary, Latvia, Lithuania, Poland, the Slovak Republic, Turkey, and the US, the average age of women at first childbirth was 25-29 years. Delayed childbearing due to the high prevalence of polycystic ovary syndrome (PCOS), ruptured uterus, amniotic fluid embolism, and delayed parenting are some of the reasons for late pregnancies. Delaying parenthood can cause broad implications on maternal and child health as well as a decline in fertility rates. Thus, the rising median age of first-time pregnancies in women is expected to drive the growth of the global fertility testing devices market.

Major Challenges

  • The stringent regulatory bodies will be a major challenge for the fertility testing devices market during the forecast period.

  • Factors such as faulty device designs, malfunction of the devices, and precision and accuracy error rates are some of the issues associated with fertility testing devices, causing misdiagnosis and improper patient management and treatment. Hence, stringent government regulations are imposed on the manufacturing of fertility testing devices. Different regulatory bodies are appointed to guide fertility testing device manufacturers and marketers. Regulatory bodies such as the US Food and Drug Administration (FDA) and the European Union (EU) authorities play a major role in approving these devices and their components. The regulatory requirement in each country with different formalities can strain a company's financial status, especially when it comes to medical devices. Meeting stringent government guidelines can slow down the launch of products in the market, thereby limiting the sales revenue of vendors.

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Fertility Testing Devices Market 2022-2026: Segmentation Analysis

  • Product

  • Geography

To know about the market contribution of each segment - Request a sample now!

Get ready to achieve excellent business outcomes from this exclusive Fertility Testing Devices Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as -

  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?

  • What is the current trend taking place in the market space?

  • Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?

  • What are market drivers, restraints, and challenges impacting demand & growth of the market?

  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Fertility Testing Devices Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don't wait, Make a strategic approach & boost your business goals with our Fertility Testing Devices Market Forecast Report - Buy Now!

Related Reports:

Fertility Testing Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.73%

Market growth 2022-2026

USD 153.91 million

Market structure

Fragmented

YoY growth (%)

5.2

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 40%

Key consumer countries

US, Canada, Germany, UK, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Abbott Laboratories, AdvaCare Pharma, Alfa Scientific Designs Inc, Ava AG, Babystart Ltd., bioZhena Corp., Church and Dwight Co. Inc., Geratherm Medical AG, Get Stix Inc., Medical Electronic Systems LLC, Piramal Enterprises Ltd., PREGMATE, Prestige Consumer Healthcare Inc., Quanovate Tech Inc., Quidel Corp., Samplytics Technologies Pvt Ltd., Tempdrop Ltd., The Procter and Gamble Co., UEBE Medical GmbH, and Valley Electronics AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents :

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2021

  • 3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

  • 4.1 Five forces summary

  • 4.2 Bargaining power of buyers

  • 4.3 Bargaining power of suppliers

  • 4.4 Threat of new entrants

  • 4.5 Threat of substitutes

  • 4.6 Threat of rivalry

  • 4.7 Market condition

5 Market Segmentation by Product

  • 5.1 Market segments

  • 5.2 Comparison by Product

  • 5.3 Ovulation predictor kits - Market size and forecast 2021-2026

  • 5.4 Fertility monitors - Market size and forecast 2021-2026

  • 5.5 Male fertility testing devices - Market size and forecast 2021-2026

  • 5.6 Market opportunity by Product

6 Customer Landscape

  • 6.1 Customer landscape overview

7 Geographic Landscape

  • 7.1 Geographic segmentation

  • 7.2 Geographic comparison

  • 7.3 North America - Market size and forecast 2021-2026

  • 7.4 Europe - Market size and forecast 2021-2026

  • 7.5 Asia - Market size and forecast 2021-2026

  • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026

  • 7.7 US - Market size and forecast 2021-2026

  • 7.8 Germany - Market size and forecast 2021-2026

  • 7.9 UK - Market size and forecast 2021-2026

  • 7.10 Canada - Market size and forecast 2021-2026

  • 7.11 China - Market size and forecast 2021-2026

  • 7.12 Market opportunity by geography

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers

  • 8.2 Market challenges

  • 8.3 Impact of drivers and challenges

  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview

  • 9.2 Vendor landscape

  • 9.3 Landscape disruption

  • 9.4 Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered

  • 10.2 Market positioning of vendors

  • 10.3 Abbott Laboratories

  • 10.4 Alfa Scientific Designs Inc

  • 10.5 Ava AG

  • 10.6 Church and Dwight Co. Inc.

  • 10.7 Geratherm Medical AG

  • 10.8 Quanovate Tech Inc.

  • 10.9 Quidel Corp.

  • 10.10 The Procter and Gamble Co.

  • 10.11 UEBE Medical GmbH

  • 10.12 Valley Electronics AG

11 Appendix

  • 11.1 Scope of the report

  • 11.2 Inclusions and exclusions checklist

  • 11.3 Currency conversion rates for US$

  • 11.4 Research methodology

  • 11.5 List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
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Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio