Seattle, Washington May 30, 2019 (Issuewire.com) - 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 projected to exhibit a CAGR of 5.8% over the forecast period (2019 - 2026), as highlighted in a new report published by Coherent Market Insights.
Major 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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The infertility drugs market size is expanding, owing to increasing research studies for the development of breakthrough drugs for the treatment of infertility. According to research conducted at 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 the thirties) and extended egg viability beyond the normal span. If this protein could be removed from human genes, that could represent a 3 to a 6-year extension of female fertility.
Increasing awareness about reproductive health in the population is also highly contributing to the infertility drugs market growth. 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 the 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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Key Takeaways of the Infertility Drugs Market:
The global infertility drugs market is expected to expand at a CAGR of 5.8% during the forecast period (2019–2026), owing to increasing research & development and new infertility drug launches by companies.
Among the drug type, the Clomiphene citrate segment is expected to hold a major revenue share in 2026, as it is the most effective drug to treat infertility. According to a study published in 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 a 64% increase in pregnancy rate than the women treated with tamoxifen, which showed only a 40% increase in pregnancy rate.
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