June 13, 2024

Infertility Drugs Market Size to Attain USD 6.73 Bn By 2033

The global infertility drugs market size accounted for USD 3.71 billion in 2023 and is predicted to attain around USD 6.73 billion by 2033, growing at a CAGR of 6.13% from 2024 to 2033.

Key Points

  • The global infertility drugs market size accounted for USD 1.45 billion in 2023 and is expected to rise around USD 2.65 billion by 2033.
  • North America dominated the market with the largest market share of 39% in 2023.
  • Asia Pacific is expected to expand at the fastest CAGR of 6.93% during the forecast period.
  • By drug class, the gonadotropins segment has contributed more than 41% of market share in 2023.
  • By the drug class, the selective estrogen receptor modulators segment is predicted to show rapid growth in the market.
  • By the distribution channel, the hospital pharmacy segment has generated more than 55% of market share in 2023.
  • By distribution channel, the online pharmacy segment is expected to grow at a high rate over the forecast period.
  • By end-user, the women segment has contributed more than 74% of market share in 2023.
  • By end-user, the men segment will be the fastest-growing segment during the forecast period.

Infertility Drugs Market Size 2024 to 2033

The global infertility drugs market is a dynamic sector driven by increasing infertility rates, changing lifestyles, and advancements in reproductive medicine. Infertility drugs are used to treat various causes of infertility, such as ovulation disorders and hormonal imbalances. This market encompasses a range of medications including gonadotropins, selective estrogen receptor modulators (SERMs), and aromatase inhibitors. Key players in this market are focused on research and development to introduce novel therapies and cater to the growing demand for fertility treatments worldwide.

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Growth Factors

The infertility drugs market is experiencing robust growth due to several factors. Rising infertility rates, attributed to factors such as delayed childbearing and lifestyle-related issues, are driving demand for fertility treatments. Technological advancements in assisted reproductive techniques (ART) are complementing the use of infertility drugs, enhancing treatment success rates. Additionally, increasing awareness about fertility treatments and expanding insurance coverage for infertility services are further boosting market growth.

Region Insights

The market for infertility drugs exhibits diverse trends across regions. Developed regions like North America and Europe dominate the market due to higher healthcare expenditures and advanced healthcare infrastructure. Meanwhile, Asia-Pacific is witnessing rapid growth driven by increasing awareness, rising disposable income, and improving access to healthcare services. In emerging markets of Latin America and the Middle East, growing investments in healthcare and rising infertility rates contribute to market expansion.

Infertility Drugs Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 6.13%
Global Market Size in 2023 USD 3.71 Billion
Global Market Size in 2024 USD 3.94 Billion
Global Market Size by 2033 USD 6.73 Billion
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Drug Class, By Distribution Channel, and By End-user
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Infertility Drugs Market Dynamics

Drivers

Key drivers of the infertility drugs market include the growing prevalence of infertility globally, driven by factors like age-related fertility decline and lifestyle changes. Moreover, advancements in reproductive technologies and increasing acceptance of fertility treatments are propelling market growth. Strategic collaborations between pharmaceutical companies and fertility clinics are also stimulating innovation and market penetration.

Opportunities

The market presents significant opportunities for expansion. There is a growing trend towards personalized medicine in fertility treatments, creating opportunities for targeted therapies and precision medicine approaches. Expanding market outreach into untapped regions, especially in developing economies, offers substantial growth potential. Furthermore, research investments in innovative drug formulations and reproductive technologies present avenues for future market expansion.

Challenges

Despite growth prospects, the infertility drugs market faces challenges such as stringent regulatory requirements for drug approvals and the high cost of fertility treatments. Economic uncertainties and reimbursement limitations in certain regions may also hinder market growth. Additionally, ethical considerations and cultural factors related to fertility treatments pose challenges in market adoption and acceptance.

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Infertility Drugs Market Recent Developments

  • In February 2024, Lupin, a major global pharma company, launched Ganirelix Acetate Injection. It is a single-dose prefilled syringe indicated for inhibiting premature luteinizing hormone (LH) surges in women who undergo ovarian hyperstimulation.
  • In March 2024, Future Generali India Insurance launched ‘Health PowHER’, a product designed exclusively for women healthcare at various stages of their lives. There will be varios treatments offered by the product, and one of the treatments will be infertility treatment. This will include oocyte cryopreservation, stem cell storage, wellness programme, insurance for newborn defects, nursing care, and many more benefits.

Infertility Drugs Market Companies

  • Merck & Co., Inc.
  • Ferring B.V.
  • Organon Group of Companies
  • Abbott
  • Novartis AG
  • Bayer AG
  • Pfizer Inc.
  • Mankind Pharma
  • Teva Pharmaceutical Industries LTD.
  • Sanofi

Segments Covered in the Report

By Drug Class

  • Gonadotropins
  • Aromatase Inhibitors
  • Selective Estrogen Receptor Modulators (SERMs)
  • Dopamine Agonists
  • Others

By Distribution Channel

  • Hospital Pharmacy
  • Specialty & Retail Pharmacy
  • Online Pharmacy

By End-user

  • Men
  • Women

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

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