DUBLIN–(BUSINESS WIRE)–The “U.S. Fertility Clinics Market” report has been added to ResearchAndMarkets.com’s offering.
The U.S. market for fertility clinic services was estimated at $7.9 billion in 2022 and is forecast to grow at a CAGR of 13.6% to reach $16.8 billion by the end of 2028.
The U.S. fertility clinic market is in a crucial phase of transformation. There is still a great deal of uncertainty surrounding surrogacy and sperm donations, sometimes resulting in legal action due to inappropriate use of clinic consent forms. Using assisted reproductive technology (ART) to help women have babies is becoming more common but is still not very common compared to how many people want to use it. According to Centers for Diseases Control and Prevention, in the U.S., about 2% of all babies born each year are conceived with the help of ART.
Increasing awareness of fertility treatments as well as advances in technology and genetic testing are driving the growth of the market. According to the CDC’s 2020 Fertility Clinic Success Rates Report, 326,468 ART cycles were performed in the U.S. at 449 reporting clinics. The number of ART cycles initiated rose from 163,045 cycles in 2011 to 326,468 in 2020. The number of egg banking cycles has also shown substantial growth, increasing from 11,116 in 2011 to 123,304 in 2020.
Two other trends driving the demand for fertility clinics are the increasing average age of new mothers and the increasing incidence of obesity. In addition, the rising number of single mothers and the growing LGBTQ population has stimulated the demand for specialized fertility techniques.
In this report, the market is segmented into ART, diagnostic services and surgeries. ART services are further segmented into in vitro fertilization (IVF), donor eggs, donor sperm, surrogacy and gamete intrafallopian transfer. Diagnostic services are segmented into hormone evaluation, semen analysis and new patient consultations.
The market for fertility clinics is a somewhat fragmented one, with 11 large players accounting for 17.2% of the market. Major players include CNY Fertility Center, Colorado Center for Reproductive Medicine (CCRM), Boston IVF LLC, New Hope Fertility Clinic, Reproductive Medicine Associates of New Jersey and NYU Langone Fertility Center.
ART accounted for a 79% share of the market for fertility clinics in 2022. The diagnostic services segment accounted for 15% of the market in 2022, while the surgeries segment accounted for 6%.
Market challenges include the lack of insurance coverage for infertility treatments, the risks of ART, and the high costs and failure rates of IVF.
Companies Mentioned
Boston Ivf LLC
Brigham and Women’s Hospital
Cny Fertility Center
Fertility Center of Illinois
Massachusetts General Hospital Fertility Center
Mayo Clinic Assisted Reproductive Technologies
New Hope Fertility Center
Nyu Langone Fertility Center
Reproductive Medicine Associates of New Jersey
Shady Grove Fertility-Rockville
Ucsf Center for Reproductive Health
Report Includes
37 tables
An up-to-date overview and analysis of the U.S. market for fertility clinic services
Analyses of the regional market trends, with historical market revenue data (sales figures) for 2020-2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
Discussion of the major growth drivers, industry-specific challenges, technology advancements, and the U.S. regulations and policies for fertility clinic services, which will shape the market as a basis for projecting demand in the next few years (2023-2028)
Estimation of the actual market size and revenue forecast for the U.S. fertility clinics market, and corresponding market share analysis based on the type of service and end-user
Discussion on cause of infertility and stages of fertility treatment along with the improved safety and efficacy of assisted reproductive technology
Examination of the critical market characteristics of the fertility market, including technological developments, the value chain, market dynamics, and key market trends
Insight into the recent structure of the industry, regulatory aspects, increasing investment on R&D activities, market development strategies, and company value share analysis
Key Attributes:
Report Attribute
Details
No. of Pages
89
Forecast Period
2023 – 2028
Estimated Market Value (USD) in 2023
$8.9 Billion
Forecasted Market Value (USD) by 2028
$16.8 Billion
Compound Annual Growth Rate
13.6%
Regions Covered
United States
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Outlook
Chapter 4 Market Overview
Introduction
Service Definition
Services and Treatments
Causes of Infertility
Diagnosis Services
Stages of Fertility Treatment
Key Participants in the Market Value Chain
Chapter 5 Emerging Trends in the U.S. Fertility Clinic Market
Overview
Advances in Reproductive Technologies
Artificial Intelligence
Stem Cell Treatment
Cryopreservation
Intervaginal Culture Devices
Laser-Assisted Hatching
Ovarian Platelet-Rich Plasma Treatment
Preimplantation Genetic Testing
Growing Focus on Lgbtq+ Family Building
Increasing Emphasis on Patient-Centric Care
Expanding Insurance Coverage
Internet and Fertility
Chapter 6 Market Dynamics
Introduction
Market Drivers
Age and Infertility
Single Mothers
Obesity
Cultural Shifts
LGBTQ Community
Reimbursement and Benefits
Market Challenges
Lack of Insurance Coverage
Legal and Ethical Dilemmas
Risks Related to Art
Economic Barriers
Market Opportunities
Increase Access to Infertility Care
Medical Tourism
Covid-19’s Impact on the U.S. Fertility Clinics Market
Chapter 7 U.S. Fertility Clinics Market by Type
Chapter 8 U.S. Market for Fertility Drugs
Chapter 9 U.S. Fertility Clinics Market by End-user
Chapter 10 Regulatory Aspects
Chapter 11 Competitive Landscape
Chapter 12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/7nd3cu
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