Global Fertility Test Market: Regional Insights
Geographies covered: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Among regions, North America is expected to gain highest share in the market during the forecast period due to the declining fertility rate among men and women, rising awareness among people about fertility testing devices, and introduction of technologically advanced products in the region. For instance, according to the United States Census Bureau, the fertility rate in the U.S. declined gradually from 1990 to 2019. In 1990, around 70.77 children were born every year for every 1,000 women aged 15-44. While, as of 2019, there were approximately 58.21 births per 1,000 women in that age group. This in turn is expected to propel the market growth.
Europe and Asia Pacific are also expected to witness significant growth in the global fertility testmarket owing to the declining fertility rate among men and women, increasing demand for fertility test devices, rising awareness among people, and introduction of novel products in these regions. For instance, 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. Moreover, the birth rate declined across the EU in 2020, hitting a 60-year low of 4 million births, according to data published by Eurostat in April 2022.
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