Intrauterine Insemination Devices Market Size, Key Players, Industry Overview, Outlook, Regional Analysis and Forecast to 2031
The global intrauterine insemination devices market is estimated to garner a revenue of USD 54 billion by the end of 2031 by growing at a CAGR of ~4% over the forecast period, i.e., 2022 – 2031.
Research Nester published a report titled “Intrauterine Insemination Devices Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global intrauterine insemination devices marketin terms of market segmentation by product type, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global intrauterine insemination devices market is projected to steadily grow at a CAGR of ~4% to attain a revenue of USD 54 billion by the end of the forecast period. The market is segmented by end user into hospitals and IVF clinics. IVF Clinics sub-segment is anticipated to garner the largest share of the market, owing to the proliferation of a number of IVF clinics across the world. According to the Centers for Disease Control and Prevention (CDC), about 489 clinics in the United States executed 3,226 Assisted Reproductive Technology (ART) procedures in the year 2019.
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The global intrauterine insemination devices market is predicted to grow on the back of the increasing prevalence of infertility. Around the world, over 14% of couples are unable to conceive for many reasons such as the increasing cases of endometriosis and PCOS in women, and alcohol and drug abuse among the adult population. These factors are projected to drive the growth of the global intrauterine insemination devices market.
Geographically, the global intrauterine insemination devices market is categorized into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific is predicted to grow at a rapid pace on the back of the increasing number of infertility cases across the region. Many Intrauterine Insemination (IUI) clinics are being set up across Asia Pacific to cater to the growing demand for artificial insemination. Almost 28 million couples in India have sought this procedure for conception and over 1600 IVF clinics and hospitals perform an average of 225,000 ART cycles in a year, as per latest study.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Increasing Incidence of PCOS to Act as a Major Driver for the Growth of the Global Intrauterine Insemination Devices Market
Polycystic ovary syndrome causes infertility in women. According to the Centers for Disease Control and Prevention (CDC), around 6% to 12% women of reproductive age, roughly 5 million of them, suffer from polycystic ovary syndrome in the United States. The rise in the number of PCOS cases is expected to drive the global intrauterine insemination devices market growth.
However, chances of getting infected as well as higher costs associated with the treatment are expected to operate as key restraints to the growth of the global intrauterine insemination devices market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global intrauterine insemination devices market which includes company profiling of The Cooper Companies, Inc., Cook Group Incorporated, Kitazato Corporation, Rocket Medical PLC, Prince Medical, Gynotec B.V., SURGIMEDIK, MedGyn Products, Inc., MEDITECH DEVICES PVT LTD, Biorad Medisys, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global intrauterine insemination devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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