About this market
Increased efficiency of fertility testing devices because of technological advances to drive market growth. Technological advances such as sonohysterogram, hysteroscopy, and hysterosalpingogram have led several conglomerate manufacturers to develop advanced fertility testing devices with high accuracy, precision, and fast turnaround times. The development and use of smartphone-based and wearable devices for measuring fertility rates are trending in the market. ’ s analysts have predicted that the fertility testing devices market will register a CAGR of almost 6% by 2023.
Market Overview
High adoption of basal body temperature monitor
The monitoring of basal body temperature is one of the simplest and noninvasive methods for ovulation detection. Body temperature changes throughout the menstrual cycle, which coincide with hormonal changes and indicate fertile and non-fertile stages of the cycle. An increase in basal body temperature levels occurs because of the thermogenic effect of the progesterone hormone. During the menstrual cycle, women must measure their oral, vaginal, or rectal temperature every day in the morning before initiating any daily routine activities to detect fertility rates.
High cost of ovulation monitors
The manufacturing and use of ovulation monitor for determining fertility rates incur high costs. The need for the detection and monitoring of ovulation rates among women to pursue or avoid pregnancy is increasing.
For the detailed list of factors that will drive and challenge the growth of the fertility testing devices market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Church & Dwight and Fairhaven Health the competitive environment is quite intense. Factors such as the rising adoption of basal body temperature monitor and the increased efficiency of fertility testing devices because of technological advances, will provide considerable growth opportunities to fertility testing devices manufactures. Church & Dwight, Fairhaven Health, Felton Grimwade & Bosisto's, Geratherm Medical, Quidel, and Swiss Precision Diagnostics are some of the major companies covered in this report.