The global fertility testing devices market
to grow at a CAGR of nearly 6% during the forecast period, according to their latest
market research report. Increased efficiency of fertility testing devices
because of technological advances is one of the major trends being witnessed in
the global fertility testing devices
market 2019-2023. Several conglomerate manufacturers are able to
develop advanced fertility testing devices with high accuracy, precision, and
fast turnaround times owing to technological advances such as sonohysterogram,
hysteroscopy, and hysterosalpingogram. At present, the development and use of
smartphone-based and wearable devices for measuring fertility rates is trending
in the market. Such fertility testing devices have an optical attachment, which
connects smartphone and disposable device onto which samples like seminal fluid
are loaded to provide personalized cycle prediction by measuring and tracking
fertility hormonal levels.
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According to Technavio analysts, one of the key factors contributing to
the growth of the global fertility testing devices market is the high adoption
of basal body temperature monitors:
Global fertility testing devices market: High adoption of basal body
temperature monitors
One of the simplest and non-invasive methods for ovulation detection is
monitoring of basal body temperature. Body temperature changes throughout the
menstrual cycle, which coincides with hormonal changes and indicates fertile
and non-fertile stages of the cycle. An increase in basal body temperature
levels occurs due to the thermogenic effect of the progesterone hormone. During
the menstrual cycle, women must measure their oral, vaginal, or rectal
temperature every day in the morning before initiating any daily routine
activities to detect fertility rates.
According to a
senior analyst at Technavio for research on life sciences tools & services, “Basal
temperature monitors are increasingly being used in home care settings to track
fertile and non-fertile days owing to their effectiveness, low cost, and
non-invasive nature. In order to achieve the best results, it is crucial for
the user to monitor the temperature accurately at the right time. During the
forecast period, the high adoption of basal body temperature monitors is
expected to drive the growth of the global fertility testing devices market.”
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Global fertility testing devices market: Segmentation analysis
The global fertility testing devices market research report provides
market segmentation by product (ovulation predictor kits, fertility monitors,
and male fertility testing devices) and by region (the Americas, EMEA, and
APAC). It provides an in-depth analysis of the prominent factors influencing
the market, including drivers, opportunities, trends, and industry-specific
challenges.
The ovulation predictor kits segment held the largest market share in
2018, accounting for over 41% of the market. This product segment is expected
to dominate the global market throughout the forecast period.
The Americas led the market in 2018, and the region is expected to
dominate the market through 2023. However, there will be a small decrease in
its market share by over 1%.
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