“Decline in fertility rate due to changing lifestyle of women is augmenting the global fertility testing devices market”
According to OMR analysis, the global fertility testing devices market is expected to grow significantly during the forecast period (2018-2023). The major driving factors for the market include adoption of POC (point-of-care) devices, increasing prevalence of polycystic ovarian diseases and decreasing fertility due to changing lifestyle of women. However, high cost of ovulation monitors and the increasing use of mobile applications for ovulation tracking are certain factors that are hindering the growth of the market. Although, increasing demand for such devices at home-care is expected to offer significant opportunity for the market.
Additionally, the global fertility testing devices market is segmented on the basis of type, regulatory classification, end-user and regional outlook. The report provides detailed & insightful chapters which include market overview, key findings, strategic recommendations, market estimations, market determinants, key company analysis, market insights, company profiling, market segmentation, geographical analysis, analyst insights and predictive analysis of the market.
Infertility due to changing lifestyle of women is the major factor boosting the demand for fertility testing devices. According to the National Center for Health Statistics, in the US, the provisional number of births were over 3.8 million, which is down 2% compared to 2016 and is the lowest number in 30 years. Additionally, in 2017, the general fertility rate among women aged 15-44 was 60.2 births per 1,000 women. It is a decline of 3% from 2016. The birth rates decreased in approximately all women under the age group of 40. In addition, the birth rate for teenagers with the age group of 15-19 was significantly reduced 7% in 2017, which represents 18.8 births per 1,000 women. The birth rates declined for both older (aged 18-19) and younger (aged 15-17) teenagers. This primarily results due to changes in lifestyle, such as substance and drug use and physical and psychological stress. This decline in fertility rates has significantly increased the demand for fertility testing devices. These devices allow women to test their fertility at home with an easy finger prick. Moreover, home-testing fertility devices opens the opportunity for women to check reproductive health. This, in turn, is contributing towards the adoption of fertility testing devices.
The report covers
Comprehensive research methodology of global fertility testing devices market.
This report also includes detailed and extensive market overview with key analyst insights.
Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global fertility testing devices market.
Insights about market determinants which are stimulating the global fertility testing devices market
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
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