The global sperm processing media market is exhibiting steady growth and the trend is expected to continue for the forecast period between 2021 and 2031. As per a study by Fact.MR, polycystic ovarian syndrome (PCOS) is the most common cause of infertility in females, which might create the need for assistive reproduction. This is expected to fuel the demand for sperm processing media.
According to the World Health Organization (WHO), infertility affects around 13% to 15% of couples across the world. Furthermore, in the year 2019, 60 to 80 million couples were reportedly suffering from infertile condition globally. Thus, the demand for effective treatment to curb the incidence of infertility will create opportunities for the market.
According to a study by the Centers for Disease Control and Prevention (CDC), 1.7% of infants were born in the U.S. with the help of assistive reproductive technology in the year 2017. In 2018, the percentage increased to 1.9% of infants. This increase in use of assistive reproductive technology will drive the demand of sperm processing media in coming years.
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Key Segments of global Sperm Processing Media Market Covered in the Report
- Based on product, the sperm processing media market has been segmented as
- Sperm Preparation Medium
- Sperm Freeze Medium
- Sperm Wash Medium
- Sperm Gradient Media
- Sperm Separation Medium
- Based on application, the sperm processing media market has been segmented as
- Intrauterine Insemination (IUI)
- In Vitro Fertilization (IVF)
- Intracytoplasmic Sperm Injection (ICSI)
- Assisted Reproductive Technology (ART)
- Based on end user, the sperm processing media market has been segmented as
- Fertility Clinics
- Hospitals
- IVF Infertility Centers
- Based on the region, the sperm processing media market has been segmented as
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
What strategies are the Key Players adopting for Increasing their Market Share in the Global Sperm Processing Media Market?
Key players in the global sperm processing media market are focusing on strategic partnerships to deliver sperm processing media with quality. Moreover, key players in the sperm processing media market are aiming to expand their presence in the developing region through collaboration.
- For instance, Vitrolife announced collaboration agreement with ParentPlus LLC, with the aim of developing new products for IUI (Intra-Uterine Insemination, artificial insemination.
Leading players in the global sperm processing media market are also focusing on acquisitions of the companies that offer specialized products and projects potential to generate substantial revenue. By acquiring these companies, manufacturers in the market aim to have a stronger product portfolio as compared to its competitors.
- In August 2019, Hamilton Thorne Ltd, a leading provider of Assisted Reproductive Technologies (ART) product and services acquired Planer Ltd.
Thus, the increasing strategic development activities carried out by the manufacturers in the global sperm processing media market will have a positive impact leading to a significant growth in the market during the forecast period.
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Key Drivers
- Growing adaption of artificial insemination treatment will boost the demand for sperm processing media in the market.
- Advancements and innovations in fertility treatments have led to increasing the growth of the market.
- Favorable reimbursement scenario in developed countries has surged the demand of sperm processing media.
Key Restraints
- High costs of sperm processing media pose a challenge for the market growth in the developing economies.
- Less success rate of the procedure restricts the growth of the sperm processing media market.
Competitive Landscape
Key players operating in the sperm processing media market profiled by Fact.MR includes Cooper Surgical Fertility Solutions, HI-TECH SOLUTIONS, Wondersperm, FUJIFILM Irvine Scientific, Vitrolife, gynotec, GYNEMED GmbH & Co. KG., Cryo-Genie India Pvt. Ltd., and Sperm Processor Pvt Ltd. Key players in the global sperm processing media market are focusing on strategic partnership, collaboration, and acquisition to strengthen their footprint in the global market. For instance,
- Vitrolife announced collaboration agreement with ParentPlus LLC, with the aim of developing new products for IUI.
- Hamilton Thorne Ltd, a leading provider of Assisted Reproductive Technologies (ART) product and services acquired Planer Ltd. in August 2019.
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