Portland, OR, Aug. 29, 2022 (GLOBE NEWSWIRE) — The “Semen Analysis Market by Product (Semen Analyzers, Centrifuges for Sample Preparation, Semen Testing Kits, Disposables and Consumables, Software), By Age Group (34 and Under 34 , 35-40, 41 and over 41), by End User (Fertility Centers, Hospitals, Diagnostic Laboratories, Others): Global Opportunities Analysis and Industry Forecast, 2021-2031. » According to the report, the global semen analysis industry was estimated at USD 955.47 Million in 2021 and is projected to reach USD 1.49 Billion by 2031, registering a CAGR of 4.5% from 2022 to 2031. The report offers an explicit analysis of changing market trends. , major segments, key investment pockets, value chains, competitive scenarios and regional landscape.
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Drivers, constraints and opportunities –
Rising prevalence of male infertility and increased awareness of fertility testing in both developed and developing countries is driving the growth of the global semen analysis market. On the other hand, the lack of semen analysis awareness in economically poor countries hinders the growth to some extent. However, increasing sales of male fertility test kits on the online platform and growing growth potential in emerging economies have paved the way for lucrative opportunities in the industry.
Covid-19 scenario –
- The outbreak of the pandemic resulted in the closure of fertility clinics to avail fertility services such as semen analysis, which negatively impacted the global market, especially in the initial period.
- However, in 2021, authorities began allowing fertility services to slowly resume across the world, with the implication of the guidelines provided. This, in turn, helped the market recover quickly.
Disposables and consumables segment to dominate by 2031-
On the basis of product, consumables and consumables segment generated almost a third of the global semen analysis market revenue in 2021 and is expected to lead by 2031. This is due to the growth of the adoption of consumables and consumables during semen analysis tests. The semen test kits segment, on the other hand, would exhibit the fastest CAGR of 6.7% from 2022 to 2031. This is attributed to the increase in the adoption of home use semen test kits due to their reliable quality and easily interpretable results.
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The 41 and over 41 segment to keep the lion’s share-
By age group, the 41 and over 41 segment contributed almost two-fifths of the global semen analysis market share in 2021 and is expected to lead by 2031. This is attributed to the increasing prevalence of infertility in people. with an age between 41 and over 41 years old. The 35 to 40 year old segment, however, would gain the fastest CAGR of 4.8% during the forecast period. The rise in adoption of semen analysis tests initiated by men aged 35 to 40 to monitor sperm count and male fertility is driving the growth of the segment.
Fertility Center Segment to Retain Dominance-
By end-user, the fertility center segment contributed more than two-fifths of the global semen analysis market share in 2021 and is expected to lead by 2031. The same segment would also get the highest CAGR rapid 4.7% over the forecast period. This is attributed to the increase in infertility rates among the population and the increase in the number of IVF and vasectomy procedures performed at fertility centers.
Asia-Pacific garnered the largest share in 2021-
Based on region, Asia-Pacific held the largest share in 2021, generating more than a third of the global semen analysis market. This is due to the increase in infertility cases and the increased awareness among the population about semen analysis tests. LAMEA market, on the other hand, would cite the fastest CAGR of 5.6% throughout the forecast period, owing to the increase in the adoption of semen analysis tests in the province.
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Key Industry Players-
- Cooper Companies Inc (Cooper Surgical)
- DNA Diagnostic Center, Inc.
- Hamilton Thorne Inc.
- Products Leja B.V.
- Medical electronic systems
- Michigan Center for Fertility and Women’s Health
- Bioline Technologies
- IVF in the laboratory
- Microoptic SL
- MotilityCount ApS
- Northwest Cryobank
- sperm processor
- Midland Fertility
- Synergy Medical Systems
- Arquimea (Arquimea Agrotech)
The report analyzes these key players in the global semen analysis market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in evaluating the operating segments, their business performance and product portfolio, etc.
Main benefits for stakeholders
- This report provides a quantitative analysis of market segments, current trends, estimates and dynamics of the Semen Analysis Market analysis from 2021 to 2031 to identify current opportunities in the Semen Analysis Market .
- Market research is offered with information related to key drivers, restraints, and opportunities.
- Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
- In-depth analysis of semen analysis market segmentation helps to determine the existing market opportunities.
- Major countries in each region are mapped according to their revenue contribution in the global market.
- The positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.
- The report includes analysis from regional and global levels.
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