LONDON--(EON: Enhanced Online News)--Technavio’s latest report on the global male infertility market provides an analysis on the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
“Medical tourism initiatives have played a major role in the growth of healthcare sector globally. Several fertility clinics offer testing and treatment of male infertility. Also, the increasing initiatives by governments is expected to bring in a high influx of medical tourists seeking different treatments for male fertility”
The research study by Technavio on the global male infertility market for 2017-2021 provides detailed industry analysis based on underlying cause (pre-testicular, hypogonadism, testicular, and cryptorchidism), technique (DNA fragmentation technique, oxidative stress analysis, microscopic examination, and sperm penetration assay), end-user (fertility clinics; hospitals and research institutes), and geography (the Americas, EMEA, and APAC).
|Male infertility is a widespread disorder, which refers to a male's inability to impregnate his fertile female partner. Technavio analysts forecast the global male infertility market to grow to USD 325.13 million by 2021, at a CAGR of almost 6% over the forecast period.|
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The top three emerging trends driving the global male infertility market according to Technavio research analysts are:
- Monetary growth among consumers
- Growth in older adult population
- Rising medical tourism initiatives globally
Monetary growth among consumers
“The rise in disposable income due to the increasing number of double-income households has resulted in enhanced accessibility and affordability of infertility analysis,” says Amber Chourasia, a lead analyst at Technavio for health and wellness research.
The disposable income is increasing at a fast rate in developing countries such as India, China, Brazil, Malaysia, Indonesia, and Vietnam. This rise in income, coupled with rising awareness is encouraging more men affected by infertility to undergo fertility testing and treatments.
Growth in older adult population
Globally, the number of individuals aged above 50 years is higher than ever before, which directly impacts the chances of successful conceptions. Male fertility is found to decline in proportion to their age, with a decline in both the sperm count and motility. Also, retrograde ejaculation is also common among older men. Therefore, to provide more chances for men falling in this demographic to successfully fertilize eggs, vendors are providing infertility treatments in target countries such as the US and China.
Rising medical tourism initiatives globally
“Medical tourism initiatives have played a major role in the growth of healthcare sector globally. Several fertility clinics offer testing and treatment of male infertility. Also, the increasing initiatives by governments is expected to bring in a high influx of medical tourists seeking different treatments for male fertility,” says Amber.
Several factors such as availability, legal issues, success rates, experience, and expertise of the clinic are the parameters based on which potential candidates take any decision for infertility testing and treatment. Also, surrogacy related medical tourism initiatives are on the rise, with more individuals open to using donor sperm or eggs, or accept the aid of a surrogate mother.
Browse Related Reports:
- Infertility Services Market in US 2017-2021
- Global IVF Devices Market 2017-2021
- Global Fertility Services Market 2016-2020
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