Report ID: SQMIG45A2234
Report ID:
SQMIG45A2234 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|
Tables:
91 |
Figures:
76
Global Fertility Test Market size was valued at USD 426.95 million in 2022 and is poised to grow from USD 463.24 million in 2023 to USD 889.7 million by 2031, growing at a CAGR of 8.5% during the forecast period (2024-2031).
The growth of the fertility test market in the forecast period can be attributed to various factors, including the increasing age of first-time pregnancies and rising awareness about fertility testing worldwide.
Declining fertility rates globally and the introduction of advanced, user-friendly fertility monitors with high accuracy further boost market growth.
Additionally, the emergence of combined kits for dual testing of pregnancy and ovulation in developed economies is expected to drive overall market expansion.
The development of advanced, easy-to-use fertility monitors with high accuracy, coupled with increased healthcare infrastructure expenditure, are major drivers supporting the market's growth rate.
However, the unproven accuracy of urine-based ovulation monitors in PCOS/PCOD and the high procurement costs serve as constraints hindering overall market growth.
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Report ID: SQMIG45A2234