Press release
Fertility Drugs Market Size, Growth Analysis, Outlook Report 2024-2033
Fertility Drugs Market
The fertility drugs market size is expected to see steadily grown in the next few years. It will grow to $3.11 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to aging population, lifestyle factors, assisted reproductive technologies (art), personalized medicine. Major trends in the forecast period include advancements in assisted reproductive technologies (art), ovulation-inducing medications, hormone therapy.
Market Overview -
Fertility drugs refer to a term used to describe medications that cause your body to release hormones that regulate or prompt ovulation, or the release of an egg from your oary.
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Global Increase In Infertility Rates Fuels Growth Of Fertility Drug Market
The growth of the market for fertility drugs is driven by the increasing rates of infertility across the globe. Infertility is the inability to conceive after trying for 12 consecutive months. Fertility drugs are widely used to treat infertility in both men and women. The rising rates of infertility are attributed to physiological problems, hormone problems, and lifestyle or environmental factors. To treat infertility problems in women, fertility drugs are used to regulate their ovulation cycles, which affects the sale of these drugs. For instance, in April 2023, according to the World Health Organization (WHO), a Switzerland-based international public health organization, millions of people in the world who are of reproductive age will struggle with infertility, which will also influence their families and communities. Worldwide, it is estimated that 1 in 6 adults, or around 17.5% of the global adult population, struggle with infertility. Hence, the rising cases of infertility across the globe are increasing the demand for fertility drugs, resulting in the fertility drug market growth.
Competitive Landscape -
Major companies operating in the fertility drugs market include Merck & Co., Ferring Pharmaceuticals Inc., Bayer AG, Berlex Laboratories Inc., Janssen Pharmaceutical Inc., Pfizer Inc., Novartis AG, Procter & Gamble Health Limited, Zydus Lifesciences Limited, Livzon Pharmaceutical Group Inc., Abbott Laboratories, Sanofi S.A., Eli Lilly and Company, Serono Inc., Novagen Healthcare Pvt. Ltd., Takeda Pharmaceutical co. Ltd., AstraZeneca plc, Aurobindo Pharma Ltd., Schering-Plough Corporation, Regeneron Pharmaceuticals Inc., Inovio Pharmaceuticals Inc., BioCryst Pharmaceuticals Inc., F. Hoffmann-La Roche AG, Alnylam Pharmaceuticals Inc., Argos Distributors Limited, Sarepta Therapeutics Inc., Moderna Inc., BioNTech SE, Biogen Inc.
Advancements In Self-Administration Fertility Solutions Transforming Infertility Treatment
The companies in the fertility drugs market are focusing on the launch of self- administration fertility solutions for advanced infertility treatment. The self- administration fertility solution makes it easier and less painful for women to self-administer daily injections. For example, in August 2021, Merck Specialties, the healthcare business of Merck in India, launched the Pergoveris Pen for advanced infertility treatment in India. This launch aims to fulfill unmet medical needs by providing an improved, convenient, and ready-to-use combination treatment option for women with a severe follicle-stimulating hormone (FSH) and luteinizing hormone (LH) deficiency. The Pergoveris Pen is a combination of a freeze-dried powder and solvent, reducing the probability of reconstitution errors. As a result, Pergoveris delivers with more precision and, hence, is more accessible to self-administration by patients during infertility treatment.
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Key Segments -
The fertility drugs market covered in this report is segmented -
1) By Type Of Drug: Prescription Fertility Drugs, Over-The-Counter Fertility drugs
2) By Route of Administration: Oral, Intravenous, Subcutaneous, Intramuscular
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Sub-Segments
By Gender: Male, Female
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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