HOME Research Insight Cooper Companies Inc. (US) and Cook Group Incorporated (US) are the Major Players in the Infertility Treatment Market

Cooper Companies Inc. (US) and Cook Group Incorporated (US) are the Major Players in the Infertility Treatment Market

The global infertility treatment market is projected to reach USD 2.2 billion by 2023 from USD 1.5 billion in 2018, at a CAGR of 8.0%. Growth in the infertility treatment market can be attributed to factors such as declining fertility rate and rising public awareness about various infertility treatment options. Growth opportunities in emerging markets and use of fertility treatment options by single parents and same-sex couples are also expected to provide opportunities for players in this market. On the other hand, high procedural cost of assisted reproductive techniques in developed markets and unsupportive government regulations for certain infertility treatment options are the key factors that are expected to restrain market growth to a certain extent during the forecast year.

The major players in the infertility treatment market include The Cooper Companies Inc. (US), Cook Group Incorporated (US), and Vitrolife AB (Sweden), Thermo Fisher Scientific, Inc. (US) Esco Micro Pte. Ltd. (Singapore), Genea Limited (Australia), IVFtech ApS (Denmark), Irvine Scientific (US), The Baker Company, Inc. (US), Kitazato (Japan), Rocket Medical Plc (UK), IHMedical A/S (Denmark), Hamilton Throne Ltd. (US), MedGyn Products, Inc. (US), Carl Zeiss (Germany), and SOMATEX Medical Technologies GmbH (Germany). Analysis of the market developments between 2015 and 2018 revealed that several growth strategies such as product launches, enhancements, and strategic acquisitions were adopted by the market players to strengthen their product portfolios and maintain a competitive position in the infertility treatment market. Among these business strategies, product launches and approvals were the most widely adopted growth strategies by the players in the infertility treatment market.

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The Cooper Companies Inc. (US) dominated the global infertility treatment market in 2017. The company has a strong foothold in the infertility treatment market, with a broad range of product offerings. The company’s CooperSurgical business (specializing in women’s health) offers a broad range of innovative technologies and services to clinicians and patients worldwide. The company has a strong distribution network in around 100 countries and has its presence across the US and Europe. The increasing efforts of the company to increase its customer base and strengthen its footprint are contributing to its large share in the infertility treatment market. In 2018, Cooper Companies Inc. acquired fertility business of LifeGlobal, which helped the company to enhance its product portfolio in the IVF business

Cook Group Incorporated (US) held the second-largest market position in the global infertility treatment market in 2017. The company is present across major countries, such as Australia, Canada, Denmark, Ireland, and the US, and distributes its products in 135 countries. Cook focuses on strengthening its market position by adopting inorganic growth strategies (such as expansions and collaborations). In 2016, the company opened its South Asia Distribution Centre (SADC) in Singapore. This new distribution center was aimed to meet the increasing product demand across India, South Korea, Malaysia, Taiwan, Thailand, and Hong Kong. This expansion helped the company to strengthen its market presence in the APAC region.

Related Reports:

Infertility Treatment Market by Procedure (ART, Artificial Insemination, IVF, Surrogacy, Fertility Surgery), Product (Instruments, Media, Accessories), Patient Type (Male), End User (Fertility Clinics, Hospitals, Cryobanks) - Global Forecasts to 2022

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