Report ID: SQMIG35A2961
Report ID:
SQMIG35A2961 |
Region:
Global |
Published Date: October, 2024
Pages:
159
|
Tables:
87 |
Figures:
71
A severe decline in fertility rates across the continent witnessed Europe emerge as the biggest regional market. The decline is blamed on a change in cultural norms, different priorities, and late pregnancies on account of professional and lifestyle reasons. This, in turn, has created a growing demand for better fertility treatments as many European countries wrestle with decreasing birth rates to help people and couples attain their reproductive goals. There is, therefore, a significant market in fertility services and solutions that aim to reverse the trends or at least encourage family planning through advanced therapies and technologies due to the continued decline in birth rates.
North America accounted for the second-largest market in fertility treatments due to its fertility rate of just 62.5 births per 1,000 women, according to statistics from the National Center for Health Statistics. The comparatively low birth rate reflects the persistence of this region's problems, such as postponed childbearing and lifestyle decisions impinging on reproductive health. Despite this, North America remains one of the largest contributors to the fertility industry, because there is high demand for advanced reproductive technology and therapies. The region has a massive number of fertility options catering to both medical and personal requirements, enabled by its high-end health infrastructure and relatively higher level of awareness on alternatives related to fertility. These factors cumulatively account for the region's large market presence.
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Report ID: SQMIG35A2961