Latin America Infertility Diagnostics Devices Market Report and Forecast 2024-2032

Latin America Infertility Diagnostics Devices Market Report and Forecast 2024-2032

Latin America Infertility Diagnostics Devices Market Report and Forecast 2024-2032 

Latin America Infertility Diagnostics Devices Market Size

The global infertility diagnostics devices market is expected to grow at a CAGR of 8.8% during the forecast period of 2024-2032, with Latin America significantly contributing to market growth. The market is driven by the increasing prevalence of infertility and technical advancements in diagnostic devices in the region.

Latin America Infertility Diagnostics Devices Market Outlook

• Latin America has witnessed a significant decline in population. In 2023, Brazil's population decreased by 5 million amidst a discrepancy between the estimated and actual figures.
• In 2022, the United Nations estimated the total fertility rate (TFR) which is at 1.85 live births per woman expected to drop to 1.68 by 2100. This drop in fertility rates is eventually going to increase the Latin America infertility diagnostics devices market demand.
• In 2023, the world’s largest virtual clinic for women and family health Maven collaborated with Amazon to expand Amazon’s family-building support program. Such collaborations are intended the have a positive impact on the market value.

Latin America Infertility Diagnostics Devices Market Analysis

Infertility diagnosis is performed when a couple is unable to conceive for a prolonged period. The population leading an extremely hectic lifestyle, increased indulgence in substances like tobacco and alcohol, unhealthy dietary habits along with a sedentary lifestyle is amongst the major causes of infertility.

The substantial decline in fertility rates in Latin America is a common factor contributing to the escalating demand for infertility diagnostics among the people. The increasing diagnosis rates are directly proportional to Latin America infertility diagnostics devices market growth. For instance, in January 2024, the American Quarterly revealed that the Brazilian population decreased by 5 million in 2023. A new census estimated the country’s population to be 203 million people, well below the 208 million previously by Brazil’s National Statistics Institute.

Additionally, according to the estimation by the United Nations, the region’s total fertility rate (TFR) was estimated at 1.85 live births per woman in 2022 and is expected to keep falling to reach 1.68 by 2100. The substantial dip in fertility in the region has created a sense of urgency to understand the reason. The market players are focusing more on developing efficient solutions to overcome the decline in fertility in the region. Companies are bringing new technologies with promising results, estimated to propel the market value in the forecast period. Therefore, people are opting to get diagnosed and going through infertility tests, contributing to the Latin America infertility diagnostics devices market share.

In August 2023, the world’s largest virtual clinic for women and family health, Maven Clinic announced its partnership with Amazon to expand Amazon's family-building support program across the world to 50 countries outside the US and Canada. This collaboration will benefit Amazon employees and their partners with free access via Maven, to board-certified reproductive endocrinologists (fertility doctors), obstetricians, gynecologists, nutritionists, mental health providers, adoption coaches, and other care providers. Maven Clinic is also available in Latin American regions such as Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, and Peru.

Such strategic partnerships and expansion between key players is one of the prominent Latin America infertility diagnostics devices market trends. With increased awareness among people, there are potential chances of heightened demand for infertility treatments and procedures, boosting the market value. The entire Maven Clinic operates primarily as a virtual clinic, this showcases the use of telehealth services which can play a pivotal role in bridging a crucial gap of unmet needs in the Latin American population.

Latin America Infertility Diagnostics Devices Market Segmentation 

The market report offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

Equipment

Media and Consumables

Accessories

Market Breakup by Procedure

In Vitro Fertilization

Intracytoplasmic Sperm Injection

Artificial Insemination

Fertility Surgeries

Others

Market Breakup by Patient Type

Female

Male

Market Breakup by Type

Sperm Separation Devices

Ovum Aspiration Pumps

Sperm Analyzer Systems

Micromanipulator Systems

Incubators

Cryosystems

Imaging Systems

Microscope

Others

Market Breakup by End User

Hospitals and Surgical Clinics

Cryobanks

Research Institutes

Others

Market Breakup by Country

Brazil

Argentina

Mexico

Others

Leading Players in the Latin America Infertility Diagnostics Devices Market

The key features of the market report include partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows: 

• Cook Group
• Vitrolife
• Thermo Fisher Scientific
• Hamilton Thorne LTD
• Esco Micro Pte Ltd
• Genea Limited
• IVFtech APS
• FIJIFILM Irvine Scientific
• The Baker Company INC

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report. 

FAQs

• What was the Latin America infertility diagnostics devices market forecast outlook for 2024-2032? 

The Latin America infertility diagnostics market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 8.8% during the forecast period of 2024-2032.

• What are the major factors aiding the Latin America infertility diagnostics devices market demand?

The market demand is attributed to factors such as the rising prevalence of infertility, and increasing technological advancements, among others.

• What are the major Latin America infertility diagnostics devices market trends? 

The market is influenced by the strategic partnerships between major companies expanding their family building program to benefit their employees with free health benefits. For instance, Maven Clinic and Amazon partnered to expand Amazon's family-building support program across the world to 50 countries outside the US and Canada.

• What is the market segmentation based on the product?

Products in the market include media and consumables, equipment, and accessories.

• What is the market segmentation based on the procedure?

Procedures in the market include in vitro fertilization, intracytoplasmic sperm injection, artificial insemination, fertility surgeries, and others.

• What is the market breakup based on patient types?

The market includes both male and female patients.

• What is the market segmentation by type?

Based on type, the market includes sperm separation devices, ovum aspiration pumps, sperm analyser systems, micromanipulator systems, incubators, cryosystems, imaging systems, and microscopes, among others.

• Who are the end users in the market?

End users in the market include hospitals and surgical clinics, cryobanks, and research institutes, among others.

• What is the market segmentation by country? 

The market segmentation by countries includes Brazil, Argentina, Mexico, and others.

• Who are the key players in the Latin America infertility diagnostics devices market?

The key players in the market are Cook Group, Vitrolife, Thermo Fisher Scientific, Hamilton Thorne LTD, Esco Micro Pte Ltd, Genea Limited, IVFtech APS, FIJIFILM Irvine Scientific, and The Baker Company INC.

Meta description

Latin America infertility diagnostics market size is poised for growth, driven by the expansion of the global market, which is projected to grow at a CAGR of 8.8% during the forecast period of 2024-2032.


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