Global Infertility Drugs Market to Grow at a CAGR of 6.20% During 2024-2032, Aided by the Rising Cases of Infertility

The infertility drugs industry is driven by the rising cases of infertility due to changing lifestyle. In females, the growing hormonal issues and other medical conditions, which prevents ovulation, abnormal menstrual cycle, and others, can contribute to female infertility while in men, disruption of testicular or ejaculatory function, genetic disorders, and others contribute to infertility. The growing trust of people seeking fertility treatment on drugs and medications owing to their reduced side-effects and cost-effectiveness is likely to be a major factor contributing to the increased demand in the forecast period. Furthermore, the growing concerns pertaining to low population in some countries are likely to instigate the market growth in the forecast period.

The growing collaborations among the major industry players are expected to aid the market growth. In January 2021, Royal Phillips (NYSE: PHG) announced a multi-year collaboration with Merck KGaA (ETR: MRK). This partnership is aimed towards the development of clinical grade digital solutions for highly personalised fertility treatment.

In terms of region, the market in North America is anticipated to witness a considerable growth in the forecast period. The market in the region is driven by factors such as the presence of advanced medical facilities and the rising FDA approvals of new drugs. However, illegal sales of the drugs may hamper the market growth.

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Market Breakup by Drug Class, End User, Distribution Channel, and Region:

• The market is segmented based on drug class into gonadotrophins, aromatase inhibitors, selective estrogen receptor modulators (SERMs), and biguanides, among others.

• Based on end user, the market is bifurcated into male and female.

• The major distribution channels considered in the market include hospital pharmacies, and retail pharmacies, among others.

• Region-wise, the global market for infertility drugs can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for infertility drugs is being driven by the rising cases of infertility among male and female due to unhealthy and busy lifestyles.

• The growing awareness about infertility treatment, coupled with the rising healthcare expenditure by governments in emerging economies, is likely to be a major driving factor for the market.

• The increasing FDA approvals as well as the growing trust on infertility drugs are likely to provide impetus to the market.

• The market is expected to be further aided by the growing research and development activities and the rising investments to improve healthcare infrastructure. 

Key Offerings of the Report:

• The EMR report gives an overview of the global market for infertility drugs for the periods (2018-2023) and (2024-2032). 

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the drug class, end users, distribution channels, and regions of infertility drugs.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global infertility drugs market are Merck KGaA, Abbott Laboratories, Mankind Pharma, Pfizer Inc., and Ferring Pharmaceuticals Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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