Infertility Drugs Market To Find Better Growth with US$ 6.2 Billion By 2026 | CAGR: 5.8%: Coherent Market Insights
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Global Infertility Drugs Market, by Drug Type (Clomiphene Citrate, Sex Hormones, Gonadotropins, Bromocriptine, Cabergoline, Imipramine, Letrozole, and Metformin), by Route of Administration (Oral, Intravenous, Subcutaneous, and Intramuscular), by Gender (Male and Female), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 3.8 billion in 2017, and is estimated to exhibit a CAGR of 5.8% over the forecast period (2019-2026), as highlighted in a new report published by Coherent Market Insights.
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The growth of the infertility drugs market is attributed to increasing number of research studies for development of breakthrough drugs for the treatment of infertility. For instance, according to a research conducted in Princeton University in 2018, researchers have identified a key protein in old, poor-quality Caenorhabditis elegans (microscopic worm) eggs, which controls the aging of gametes. Researchers successfully blocked this protein during the fertile period of the worm (equivalent to woman’s fertility in thirties), and extended egg viability beyond the normal span. If these protein could be removed from human genes, that could represent a 3 to 6 year extension of female fertility.
Moreover, increasing awareness about reproductive health among population is further expected to drive the infertility drugs market growth over the forecast period. For instance, RESOLVE – The National Infertility Association organizes National Infertility Awareness Week (NIAW) every year in the last week of April since 2010. The goal of the week is to raise awareness about infertility in maximum population, to encourage advocacy for insurance in infertility drugs, and help couples with infertility cope with their disease.
Browse 17 Market Data Tables and 12 Figures spread through 145 Pages and in-depth TOC on ” Global Infertility Drugs Market, By Drug Type (Clomiphene citrate, Sex hormones, Gonadotropins, Bromocriptine, Cabergoline, Imipramine, Letrozole, and Metformin), By Route of Administration (Oral, Intravenous, Subcutaneous, and Intramuscular), By Gender (Male and Female), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies and Online Pharmacies) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2026″
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In addition, various organizations are focused on launching new programs to help infertile couples. For instance, in 2014, EMD Serono a subsidiary of Merck KGaA, Germany launched its Compassionate Corps Program, a patient assistance program to provide fertility medications for eligible U.S. veterans who were infertile due to a service-related injury. The company offers selected IVF stimulation medications at no charge for up to two IVF cycles per year. Moreover, Merck KGaA entered into a partnership with Genea Biomedx in May 2015, securing global rights to Genea’s portfolio of fertility products.
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Key Takeaways of the Infertility Drugs Market:
- The global infertility drugs market is expected to exhibit a CAGR of 5.8% over the forecast period (2019-2026), attributed to increasing research & development and new infertility drug launches by key players
- On the basis of drug type, clomiphene citrate segment is expected account for major market share, in terms of revenue in 2026, as it is the most effective drug to treat infertility. For instance, according to a study published in the National Centre for Biotechnology Information (NCBI) in 2012, a comparative study on effectiveness of clomiphene citrate and tamoxifen in ovulation induction in infertile women showed that women treated with Clomiphene citrate showed 64% increase in pregnancy rate than the women treated with tamoxifen, which showed only 40% increase in pregnancy rate.
- Key players operating in the global infertility drugs market include Merck & Co., Ferring Pharmaceuticals, LIVZON Pharmaceutical Group Inc., AbbottLaboratories, Bayer AG, and Zydus Pharmaceuticals
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