Fertility Testing Devices Market size is projected to
witness significant growth from 2017 to 2024:
Global Market Insights Inc.
The Fertility Testing Devices Market coupled with product advancement such as, high
accuracy, ease at usage in ovulation monitors, sensors, and apps are factors driving the
fertility testing devices market over the forecast timeframe. The growing sterility cases
owing to lifestyle changes that results into concern and awareness related to fertility
testing fuels the industry growth. In addition, the increasing number of polycystic
ovarian syndrome (PCOS) occurrences along with constant declining fertility rates in
both women and men boosts the demand.
As per, CDC, in 2016, approximately 6.9 million women aged between 15-44 have used
infertility testing services in the U.S., that accounts for around 11.3% and 1.0 million
infertile women adopted the products thereby, having considerable upsurge in the
industry growth. The increasing demand for monitoring of sperm quality, body
temperature, tracking heart rate as well as environmental functions and air quality are
aspects trending in the business. Moreover, introduction of numerous advanced
techniques such as, sonohysterogram, hysteroscopy, and hysterosalpingogram is
propelling adoption of rapid testing kits and devices.
Furthermore, the increasing number of various promotional activities that are
undertaken by different companies for increasing awareness of advanced products in
testing will stimulate the demand and thereby, increase adoption of the fertility testing
devices market over the coming years. Factors restraining the fertility testing devices
market include easy availability of the generic tools for diagnosis of blood and saliva
testing, and excessive cost of ovulating monitors.
Ovulation prediction kits segment held largest revenue share of 2016, owing to
associated advantages that includes, ease of usage, low cost in comparison with fertility
monitors, provides high accuracy than that of natural checking techniques. In addition,
these kits are convenient, widely available, and are high in precision. If used correctly it
provides more than 97% effectivity in detection. These factors encourage the buying
behavior of the consumers thereby, increasing the business growth.
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