follicle stimulating hormone market REPORT OVERVIEW
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The global follicle stimulating hormone market size was in USD 1244 million 2020 and is expected to reach USD 1504.9 million by 2027, exhibiting a CAGR of 2.8% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The follicle stimulating hormone market typically pertains to the marketplace involving follicle stimulating hormone, a naturally produced hormone originating from the pituitary gland in the brain. The follicle stimulating hormone holds a pivotal role within the reproductive system, significantly impacting the fertility of both males and females. The follicle stimulating hormone, is a glycoprotein hormone that serves as a critical controller of reproductive processes in both men and women. It plays an integral role in the hormonal cascade responsible for overseeing the maturation of ovarian follicles in women and the generation of sperm in men.
COVID-19 Impact: Increased Focus on Healthcare among Population to Fuel Market Growth
The pandemic emphasized the significance of healthcare and holistic well-being, prompting individuals to become more mindful of their health, including reproductive health. This heightened awareness may have generated greater interest in fertility treatments, potentially resulting in an increased demand for products and services involving follicle stimulating hormone. Additionally, to mitigate the risk of virus transmission, numerous healthcare providers embraced telemedicine and virtual consultations, offering a safer and more convenient way for patients to access advice and information about fertility treatments.
Numerous pharmaceutical firms and manufacturers engaged in the production of follicle stimulating hormone medications and associated goods encountered operational hurdles in the wake of the pandemic. Lockdowns, travel limitations, and social distancing mandates all had a disruptive effect on factory operations, resulting in production delays.
LATEST TRENDS
"Growing Demand for Assisted Reproductive Technologies, and Development of Personalized Treatment Protocols to Fuel Market Growth "
Numerous individuals and couples are opting to postpone starting a family for a variety of reasons, including career progression, educational pursuits, and financial stability. Consequently, when they eventually decide to have children later in life, they may encounter fertility challenges, which in turn stimulate the demand for Assisted Reproductive Technologies (ART). Contemporary lifestyles, marked by heightened stress levels, sedentary behaviors, and dietary changes, can exert an impact on reproductive health. Lifestyle elements such as obesity, smoking, and alcohol consumption may contribute to fertility issues, motivating individuals to explore fertility treatments. Moreover, exposure to environmental toxins and pollutants can have detrimental effects on fertility, further reinforcing the need for ART interventions. Healthcare practitioners were progressively embracing individualized treatment strategies within the realm of fertility care. These approaches entailed customizing follicle stimulating hormone treatment plans according to the unique requirements of each patient, considering factors such as age, ovarian reserve, and prior treatment results.
follicle stimulating hormone market SEGMENTATION
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- By Type
Based on Type follicle stimulating hormone market is classified as Recombinant FSH, and Urinary FSH.
- By Application
Based on Application follicle stimulating hormone market is classified as Infertility Treatment, and Assisted Reproductive Technology.
DRIVING FACTORS
"Increasing Prevalence of Infertility to Fuel Market Growth "
The increasing occurrence of infertility, affecting both men and women, serves as a significant driver for follicle stimulating hormone market growth. Factors like postponed childbearing, shifts in lifestyle, and environmental influences contribute to infertility, compelling individuals and couples to pursue fertility treatments, frequently involving follicle stimulating hormone, and thereby fostering market expansion.
"Advancements in Assisted Reproductive Technologies to Stimulate Market Progress"
Progressions in ART techniques, including procedures like in vitro fertilization (IVF) and intracytoplasmic sperm injection (ICSI), have broadened the spectrum of treatments available for infertility. The follicle stimulating hormone plays a pivotal role in numerous ART protocols, fueling its demand as a result.
RESTRAINING FACTORS
"High Treatment Costs to Harm Market Growth "
The expense associated with fertility treatments, frequently including the utilization of follicle stimulating hormone medications, can act as a deterrent for certain individuals and couples considering fertility care, consequently constraining market expansion.
follicle stimulating hormone market REGIONAL INSIGHTS
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"North America driven by demand for fertility treatments to Drive Market Share "
The follicle stimulating hormone market share insights for North America, encompassing the United States and Canada, reveal a substantial demand for fertility treatments and ART procedures in this region. This demand is supported by an advanced healthcare infrastructure, including a well-established network of fertility clinics. Moreover, stringent regulatory requirements are in place, safeguarding the safety and efficacy of follicle stimulating hormone based treatments.
KEY INDUSTRY PLAYERS
"Multitude of companies that played a pivotal role in expansion of follicle stimulating hormone"
In the follicle stimulating hormone market, several prominent industry leaders stand out. One such leader is Merck KGaA, a renowned pharmaceutical company known for its production of fertility medications, including follicle stimulating hormone products utilized in both assisted reproductive technologies (ART) and treatments for infertility.
List of Market Players Profiled
- Merck Serono (Germany)
- MSD (U.S.)
- IBSA (Switzerland)
- Ferring (Switzerland)
- Livzon (China)
REPORT COVERAGE
The future demand for the follicle stimulating hormone market is covered in this study. The Research report includes the Impact of Increased Focus on Healthcare due to the Covid-19 Impact. The report covers the latest trends in Growing Demand for Assisted Reproductive Technologies. The paper includes a segmentation of the follicle stimulating hormone market. The research paper includes the driving factors that are Increasing Prevalence of Infertility to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for follicle stimulating hormone.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1244 Million in 2020 |
Market Size Value By |
US$ 1504.9 Million by 2027 |
Growth Rate |
CAGR of 2.8% from 2020 to 2027 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the follicle stimulating hormone market expected to touch by 2027?
The global follicle stimulating hormone market size is expected to reach USD 1504.9 million by 2027.
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What CAGR is the global follicle stimulating hormone market expected to exhibit by 2027?
The global follicle stimulating hormone market is expected to exhibit a CAGR of 2.8% by 2027.
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Which are the driving factors of the follicle stimulating hormone market?
The driving factors of the follicle stimulating hormone market are Increasing Prevalence of Infertility, and Advancements in Assisted Reproductive Technologies.
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Which are the key players or most dominating companies functioning in the follicle stimulating hormone market?
Merck Serono, MSD, IBSA, Ferring, and Livzon are the key players or most dominating companies functioning in the follicle stimulating hormone market.