The global infertility drugs market size was valued at USD 3,699.8 million in the year 2023 and is estimated to reach USD 6,814.68 million by 2033. This market is projected to expand at a CAGR of 6.3% during the analysis period. The increased prevalence of infertility is expected to boost the demand for infertility drugs. Women and men are equally affected by infertility.
Female infertility can be caused by factors such as growing older, polycystic ovarian syndrome (PCOS), obesity, and miscarriages, while male infertility can be caused by factors such as erectile dysfunction, low sperm count, abnormal sperm, etc. Researchers at the BGU developed a new treatment that stimulates telomerase expression and re-elongates the telomeres to protect cells.
For treating infertility, market players are introducing novel medications. In the current instance, Oxolife is developing the first-in-class product candidate OXO-001, which is designed to enhance the binding of embryos to the inner lining of the uterus by increasing binding. Moreover, the United States-based biopharmaceutical company Ferring Pharmaceuticals recently launched its novel fertility treatment, Trisequens, for women.
Developing such products addresses a medical need that affects women around the world undergoing assisted reproduction because there is no substitute for improving the endometrium's conditions for embryo implantation.
Infertility medicines are expected to contribute positively to the market as well as the presence of a variety of products for treating these conditions. For example, In-vitro fertilization (IVF) treatments, which involve fertilizing an egg outside of the body, are becoming more commonplace and are expected to drive market growth.
Infertility problems are caused by hormonal imbalance, polycystic ovarian disease, and weight issues caused by sedentary lifestyles. Therefore, the market is likely to grow over the forecast period as sedentary lifestyles become increasingly popular. The market growth may likely be hindered by rigid regulatory frameworks for product approval and high-priced patented products.
| Attributes | Details |
|---|---|
| Infertility Drugs Market Value (2023) | USD 3,699.8 million |
| Infertility Drugs Market Expected Value (2033) | USD 6,814.68 million |
| Infertility Drugs Market Projected CAGR (2023 to 2033) | 6.3% |
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The global infertility drugs market expanded at 4.69% CAGR over the past 10 years. The market is expected to expand at a CAGR of close to 6.3% over the forthcoming decade. Due to the disruptions in the supply chain caused by the pandemic and the delay in delivering essential products needed to manufacture infertility drugs, the market for infertility drugs suffered. Additionally, fertility treatments were suspended or delayed across the globe during the pandemic, which also hampered market growth.
According to a study published by the National Library of Medicine in April 2021, ‘Suspension of fertility treatment during the pandemic: views, emotional reactions and psychological distress among women undergoing fertility treatment,’ fertility treatments were suspended during the initial phase of the pandemic. In such cases, it is evident that the market experienced slow growth during the pandemic.
| Historical CAGR (2016 to 2022) | 4.69% |
|---|---|
| Historical Market Value (2022) | USD 3,480 million |
| Forecast CAGR | 6.3% |
Fertility Rates Are Dropping Dramatically Worldwide, Necessitating Effective Infertility Treatment
The World Health Organization states that infertility affects millions of people of reproductive age worldwide. Globally, 48 million couples and 186 million individuals suffer from infertility. An infertility condition can be caused by male, female, or a combination of male and female factors, or it may be unexplained.
Infertility rates have been associated with environmental and lifestyle factors such as smoking, excessive alcohol consumption, obesity, and exposure to environmental pollutants for both women and men. This continues to be the primary reason why infertility drugs are so popular.
Infertility treatments and In-vitro fertilization (IVF) procedures often involve fertility medications, which prepare the body for treatment and increase the chance of eggs being released from the ovaries.
The infertility treatment space may continue to advance. This is due to decreased fertility rates, an increase in fertility clinics globally, technological advances, and public-private partnerships. All these factors are expected to shape the infertility drugs market.
Initiatives Taken by the Government
Governments around the world have taken several initiatives to provide insurance coverage for treatment for infertility patients. For instance, in the United Kingdom, the National Health Service (NHS) covers the cost of some infertility treatments. Also in Canada, provincial health insurance plans cover the cost of assisted reproductive technologies for eligible patients. Moreover, a recent initiative announced by the Ministry of Health, Labor, and Welfare (MHLW) in March 2022 increased patients’ access to treatment by lowering the cost by 70% and increasing prescription rates.
Principal Consultant
Infertility drugs market growth is hampered by the side effects shown by the drugs, such as headaches, upper respiratory tract infections, abnormal bleeding or spotting, vomiting, injection site pain, and Ovarian Hyperstimulation Syndrome (OHSS).
According to a study published in NCBI in 2016, up to 10% to 20% of women who consume infertility drugs can develop mild OHSS, which usually resolves on its own without treatment. Severe cases occur in about one percent of patients.
There is also a possibility that the increased adoption rate of effective alternatives to medications may negatively impact the growth of the market. According to a research article published in Reproductive Biomedicine, 2.5 million IVF procedures are performed every year globally. There is a high threat of substitutes during the forecast period since most European countries offer full funding for several IVF procedures.
With a revenue share of 40.1% in 2023, the gonadotropins segment dominated the infertility drugs market and is expected to grow rapidly over the forecast period. Due to the high cost of products and their increased efficacy, some of the most commonly used gonadotropins to treat infertility patients include Gonal-F, Follitism, Menopur, and Bravelle.
The high efficacy associated with gonadotropins may attract a wider target population and expand revenue sources. Injections of chorionic gonadotropin without insurance, cost around USD 397.83, while injections with insurance cost nearly USD 304.76 per injection.
A phase 3 clinical trial was initiated by Bharat Serums and Vaccines Limited in March 2022. The trial was designed to evaluate the safety and effectiveness of Recombinant Human Follicle Stimulating Hormone 900 IU among women aged 20 to 39. In addition, QL1012 is currently being tested for ovarian stimulation in a phase 3 clinical trial conducted by Qilu Pharmaceutical Co., Ltd. As such, the launch of gonadotropins may continue to drive the industry at a high growth rate over the forecast period.
According to the market report, women dominated the market for infertility drugs in 2023 with a revenue share of 71.3%. This dominance was due in part to the wide availability of infertility drugs for women.
The women’s segment is expected to accelerate over the forecast period. This is due to the disease burden at reproductive age and the adoption of sedentary lifestyles, which interfere with ovulation.
An increasing prevalence of thyroid disorders and breast cancer, which require more radiation exposure, is the leading reason for infertility among women. This results in a dramatic decrease in fertility rates. Smoking and alcohol consumption are increasing, as are many illnesses like PCOS and uterine fibroids, causing an increase in demand.
According to an article, the prevalence of Polycystic Ovarian Syndrome (PCOS) in 2020 is estimated to range from 2.2% to 48.0% in many countries, including the United States, China, India, and Australia, among others. Therefore, the growth in prescriptions for drugs and the rising awareness of this condition among women is predicted to fuel the market.
According to the launch and rapid uptake of multiple infertility medicines, North America dominated the overall infertility drugs market by 35% in 2023. Research activities in the area of infertility are expected to create new opportunities for the region. Moreover, with women's hectic lifestyles and increased stress levels, North America is expected to dominate the world's infertility drug market during the projected period.
This dominance is primarily the result of rising menopausal illnesses, urinary infections, thyroid problems, endometriosis, and other conditions caused by these conditions. Over 5 million women of reproductive age are affected by PCOS, according to a study published by the Centers for Disease Control and Prevention (CDC).
Since the fertility rate in Canada was low in 2020, fewer babies were born in the country, according to Statistics Canada's report published in May 2022. As a result, such factors are expected to lead to an increase in the sale of infertility drugs in this region, thus boosting the market.
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In the United States, oligozoospermia, varicocele, diabetes, and other diseases are on the rise, pushing the region's revenue share. As a result of improved healthcare infrastructure and an increased count of reproductive endocrinologists, the market for infertility drugs has expanded.
The United States' dominant position in the worldwide market is projected to be enhanced by government spending on women's healthcare awareness, an increase in geriatric women, and early product releases. The increasing rate of infertility and PCOS cases in the United States is driving the growth of the infertility drugs market.
This is due to a concentration of market players or manufacturers, acquisitions and partnerships among major players, and an increase in the number of cases of infertility and PCOS.
PCOS, one of the most common causes of female infertility in the United States, is estimated to affect around 6.0% to 12.0% of women of reproductive age annually, as reported by the Centers for Disease Control and Prevention (CDC) in March 2020. The market in the United States is likely to grow considerably because of such instances.
A market value of USD 385.5 million is projected for the German market for infertility drugs by the year 2033. This results in Germany dominating the European Infertility Drugs Market in 2023. During the estimated period, Germany is projected to dominate the global market for infertility treatment drugs for women.
The ripeness rate of females in Germany was less than 2% in 2019, according to Eurostat. As a result of the high level of development in the healthcare industry, a high rate of infertility diagnosis and treatment, and a significant share of the market held by Germany in 2023.
Over the forecast period, India is projected to grow at a rate of 4.8%. Several key players in the market have participated in strategic initiatives to develop and commercialize effective infertility medicinal products to treat patients, which have contributed to the growth of the region.
According to the Ministry of Health, Labor, and Welfare (MHLW), 12 drugs were approved by the Ministry for the treatment of extra infertility in September 2022, including Novartis AG's Letrozole and Pfizer's Cabaser. This approval was expected to increase the market for novel drugs in India.
A generic form of Dydrogesterone tablets was developed and launched by Mankind Pharma in June 2022 in India to treat pregnancy-related complications. As a result of the launch, the infertility treatment market was expected to grow. This drug is equivalent to Abbott Duphaston tablets.
A new player in the fertility drugs market introduces novel products and forms alliances, collaborations, and partnerships. To accelerate innovation, digitization, and development in fertility treatment, CooperSurgical, a pioneer in women's healthcare solutions, established a multi-year strategic partnership with Virtus Health, a primary global provider of assisted reproductive services, in December 2021.
In June 2021, Hamilton Thorne Ltd. launched initiatives to help patients with fertility, including those who require egg, sperm, or embryo donations, emphasizing digitalization, cryogenics, and reproductive genetics. In the United States and Europe, GYNEMED GM501, a ready-to-use device designed for washing and handling human embryos and oocytes, has been approved by the United States FDA.
Several key players dominate the global infertility drugs market, which is moderately competitive. A competitive landscape analysis includes some international and local companies that hold the market share and are well known, such as Ferring Pharmaceuticals Inc., Merck KGaA, Bayer AG, Pfizer Inc., Takeda Pharmaceutical Company Limited, Theramex, and Novartis AG.
The strategy of mergers, acquisitions, investments, expansions of capacity, and plant turnarounds by major manufacturers, is further strengthening the market player presence and helping them in staying ahead of the competition.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value and MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; The Middle East and Africa; East Asia |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Chile, Peru, Germany, United Kingdom, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, and South Africa |
| Key Segments Covered | Drug Class, End User, Distribution Channel, Region |
| Key Companies Profiled | Abbott Laboratories; Bayer AG, Novartis AG; Merck & Co., Inc.; Pfizer, Inc.; Teva Pharmaceuticals Industries Ltd.; Sanofi S.A.; Ferring Holdings SA; Organon & Co.; Mankind Pharma Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is estimated to acquire USD 3,699.8 million in 2023.
The increased prevalence of lifestyle disorders is the primary factor.
The United States accounts for the dominant market share.
Increased adoption of various infertility procedures creates opportunities.
A high level of development in the healthcare industry drives the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Drug Class 5.1. Gonadotrophins 5.2. Aromatase Inhibitors 5.3. Selective Estrogen Receptor Modulators (SERMs) 5.4. Biguanides 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 6.1. Male 6.2. Female 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. Hospital Pharmacies 7.2. Retail Pharmacies 7.3. Online Pharmacies 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. South Asia 8.5. East Asia 8.6. Oceania 8.7. MEA (Middle East & Africa) 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Merck & Co., Inc. 18.2. Ferring B.V. 18.3. Organon Group of Companies 18.4. Abbott 18.5. Novartis AG 18.6. Bayer AG 18.7. Pfizer Inc. 18.8. Mankind Pharma 18.9. Teva Pharmaceutical Industries LTD. 18.10. Sanofi 19. Assumptions & Acronyms Used 20. Research Methodology
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Infertility Drugs Market
