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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