Artificial Intelligence
Infertility Devices Market to Surpass US$ 18,128.8 Million by 2030, Says Coherent Market Insights (CMI)
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Burlingame, May 18, 2023 (GLOBE NEWSWIRE) — According to Coherent Market Insights, Global Infertility Devices Market is estimated to be valued at US$ 10,129.9 million in 2023 and is expected to exhibit a CAGR of 8.7% during the forecast period (2023-2030).
Analysts’ Views on Global Infertility Devices Market:
Increasing number of infertility rate is expected to rise the global infertility devices market growth over the forecast period. For instance, on 04 April 2023, a report was published by World Health Organization (WHO), according to that Around 17.5% of the adult population – roughly 1 in 6 worldwide – experience infertility, which showing the urgent need to increase access to affordable, high-quality fertility care for those in need.
Global Infertility Devices Market– Driver
Increasing in acquisition by key players
Increasing product approvals and product launches by the key players are expected to drive the infertility devices market over the forecast period. For instance, in September 2019, FUJIFILM Irvine Scientific, Inc. launched Vit Kit-NX (Vit Kit-NX comprising of Vit Kit Freeze-NX and Vit Kit Warm-NX) as addition to an established portfolio of vitrification solutions for in vitro fertilization (IVF).
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Global Infertility Devices Market– Restraint
High Ccst of the treatment
However, factors such as high cost associated with infertility treatments is expected hinder growth of infertility device market over the forecast period. For instance, according to the data published in the American Pregnancy Association (APA), in January 2019, IVF treatments are very expensive and many insurance plans do not provide coverage for fertility treatment. The cost for a single IVF cycle can range from at least US$12,000 – US$17,000 and an infertile women require at least three IVF cycles to achieve pregnancy.
Global Infertility Devices Market– Opportunity
Launch of product by the key players
Adoption of organic strategies such as the launch of product by the key market players is expected to drive the market ove the forecast period. For instance in August 2021, Merck Specialties Pvt ltd, one of the leading companies, launched a Pergoveris, a Pen for advanced infertility treatment in India. This launch emphasizes the company’s motive of fulfilling unmet medical needs by providing an improved, convenient, and ready-to-use combination treatment option for women with a severe follicle-stimulating hormone (FSH) and luteinizing hormone (LH) deficiency.
Infertility Devices Market Report Coverage
| Report Coverage | Details | |||
| Base Year: | 2022 | Market Size in 2023: | US$ 10,129.9 Mn | |
| Historical Data for: | 2017 to 2021 | Forecast Period: | 2023 to 2030 | |
| Forecast Period 2023 to 2030 CAGR: | 8.7% | 2030 Value Projection: | US$ 18,128.8 Mn | |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: | Carl Zeiss Meditec AG, Thermo Fisher Scientific Inc., Vitrolife AB, The Baker Company, Inc., The Cooper Companies, Inc., Fujifilm Irvine Scientific, IVFTECH APS, Kitazato Corporation, MedGyn Products, Inc., Rocket Medical plc, SOMATEX Medical Technologies GmbH, Cook Group Incorporated, Esco Micro Pte Ltd, Hamilton Thorne, Ltd, and Art Biotech Pvt. LTD, Merck, | |||
| Growth Drivers: |
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| Restraints & Challenges: |
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Global Infertility Devices Market Cross Sectional Analysis:
Among product type, the equipment segment is dominant during the forecast period in North America region due to the increasing number of product launches by the key players. For instance, in June 2022, FUJIFILM Irvine Scientific, Inc., a innovation, development, and manufacture of cell culture media and assisted reproductive technologies (ART), announced it has exclusively licensed the intellectual property relating to artificial intelligence (AI) for image-based evaluation of human embryos to improve in-vitro fertilization (IVF). The technology was developed and patented jointly by investigators from Brigham and Women’s Hospital and Massachusetts General Hospital with expertise in artificial intelligence,
Global Infertility Devices Market Segmentation:
The global infertility devices market report is segmented into Product Type, Procedure, Gender, End User and Region
Based on Product Type, the market is segmented into equipment and accessories, in which equipment segment is sub segmented into imaging systems, sperm analyzer systems, ovum aspiration pumps, micromanipulators systems, incubators, gas analyzers, laser systems and cryosystems. Out of which the sperm analyzer segmengt is expected to hold a dominant position in the global infertility devices market over the forecast period.
Based on Procedure, the infertility devices market is segmented into assisted reproductive technology, artificial insemination, fertility surgery, and others. Out of which the assisted reproductive technology segment is expexted to hold a dominant postion in the global infertility devices market over the forecast.
Based on Gender, the infertility devices market segmented into males and females, out of which the the males segment is expected to hold a dominant position over the forecast period
Based on End User, the infertility devices market is segmented into fertility centers, hospitals & surgical clinics, cryobanks, and others. Out of which the fertility centers segment is expected to hold a dominant position over the forecast period.
Global Infertility Devices Market: Key Developments
In January 2021, Nova IVF., India’s leading fertility chain has announced the expansion of their network in NCR through strategic partnership with Southend Fertility & IVF, a IVF player in Delhi NCR. Through this investment, Nova IVF Fertility will have a majority stake in Southend Fertility & IVF.
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Key Market Takeaways:
The global infertility devices market is expected to exhibit a CAGR of 8.7% during the forecast period. For instance, in May 2022, a article was posted by the University of Adelaide, avvording to that in partnership with medical technology company Fertilis, has delivered a ground-breaking new micro-device to streamline the only fertility treatment procedure available for men with low sperm counts.
Among product type, equipment segment is expected to hold a dominant position over the forecast period.
Competitive Landscape:
Key players operating in the global infertility devices market include Key companies covered as part of this study include, Thermo Fisher Scientific Inc., Vitrolife AB, Inc., The Cooper Companies, Inc., Fujifilm Irvine Scientific, IVFTECH APS, Kitazato Corporation, MedGyn Products, Inc., Rocket Medical plc, SOMATEX Medical Technologies GmbH, Cook Group Incorporated, Esco Micro Pte Ltd, Hamilton Thorne, Ltd, and Art Biotech Pvt. LTD
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Market Segmentation:
- Global Infertility Devices Market, By Product Type:
- Equipment
- Imaging Systems
- Sperm Analyzer Systems
- Ovum Aspiration Pumps
- Micromanipulators Systems
- Incubators
- Gas Analyzers
- Laser Systems
- Cryosystems
- Accessories
- Equipment
- Global Infertility Devices Market, By Procedure:
- Assisted Reproductive Technology
- Artificial Insemination
- Fertility Surgery
- Others
- Global Infertility Devices Market, By Gender:
- Male
- Female
- Global Infertility Devices Market, By End User:
- Fertility Centers
- Hospitals & Surgical Hospitals & Surgical Clinics
- Cryobanks
- Others
- Global Infertility Devices Market, By Region:
- North America
- By Country:
- U.S.
- Canada
- By Country:
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Country:
- Europe
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Country:
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Country
- Middle East
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Country:
- Africa
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- By Country/Region:
- North America
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About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
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320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
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Artificial Intelligence
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