Fertility test can be used to detect ovulation and/or to diagnose infertility, an inability to reproduce by natural means. It is done by both men and women to assess their fertility and various conditions associated with it. Both men and women experience fertility problems at about the same rate, but women are known to be more concerned about fertility testing.
Market Dynamics:
Declining fertility rates among men and women, increasing awareness among people about fertility testing devices, increasing demand or adoption of fertility testing devices, and growing prevalence of PCOS (Polycystic Ovary Syndrome) among women are major factors expected to augment the growth of the global fertility test market during the forecast period.
For instance, globally, the fertility has fallen from an average of 5 births per woman in 1950 to 2.3 births per woman in 2021, an indication of the increasing control that people are able to exercise over their reproductive lives. According to the United Nation's World Population Prospects 2022 (WPP) report, the global fertility rate, which stood at 2.3 overall in 2021, will hit the demographic tipping point of 2.1 by 2050, due to a globally synchronized decline in birth rates.
Moreover, according to the latest population projections issued by Eurostat, the EU's population will decrease by 6% between 1 January 2022 and 1 January 2100, equivalent to 27.3 million fewer people. A birth rate declined across the European Union in 2020, hitting a 60-year low of 4 million births, according to data published by Eurostat in April 2022.
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