Market Trends of Human Reproductive Technologies Industry
This section covers the major market trends shaping the Human Reproductive Technologies Market according to our research experts:
Contraceptive Segment is Expected to Hold a Major Market Share in the Human Reproductive Technologies Market
A contraceptive segment is expected to hold the largest segment owing to oral drugs are the easiest way of contraception in the industry, easy availability of a wide range of products, high awareness about contraceptive drugs and devices and simple mode of administration are the key factors triggering the segment growth. Moreover, increasing incidences of the Sexually Transmitted Disease (STD), an increasing rate of unplanned pregnancies and a rise in government initiatives are also some of the factors propelling the contraceptive drugs and devices segment.
North America Represents the Largest Market and Asia-Pacific is Expected to Register Fastest Growth.
North America is at the forefront of growth in the market studied and is also an important revenue contributor in the global arena. Rise in infertility rates due to high obesity rates, the rising age of conceptions and changes in lifestyle are stimulating the growth of the region. As per the US Department of Health & Human Services, an estimated 10% of women (6.1 million) in the United States are unable to conceive. Moreover, easy access to quality healthcare and favorable reimbursement policies are projected to promote revenue growth in North America.
The Asia Pacific region is likely to post the fastest market throughout the forecast period. The highest population, increasing awareness about reproductive technologies, rapid adoption of western lifestyle has led to the adoptions of these reproductive technologies. In addition, increasing healthcare spending is expected to propel the market in the APAC region.
