The global intrauterine insemination devices market is valued at US$ 37.5 million in 2021 and is expected to grow at a CAGR of 3.8% to reach US$ 52.4 million by 2030. According to a recent study by Future Market Insights, intrauterine insemination media/sperm wash will account for 59.6% of the global market in 2021.
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However, the market’s long-term prospects remain bullish, with a new study by Future Market Insights (FMI) estimating a 3.8% CAGR.
Despite the steady growth of the intrauterine insemination (IUI) devices sector, the study found that strict regulations on fertility treatments for demographics such as same sex couples in a number of countries limit market growth.
The market study by FMI covers an extensive overview of the market, with information on the dynamics of the intrauterine insemination (IUI) devices market. Some of the leading takeaways include:
- The intrauterine insemination (IUI) devices market was nearly US$ 35 million in 2019, with market growth moderately declining during the coronavirus outbreak, as lockdown restrictions hampered supply chains and consumers showed a lower proclivity to adopt.
- IVF clinics will continue to be the primary users of intrauterine insemination (IUI) devices, accounting for more than 55% of the market share during the assessment period.
- Sperm wash product offerings in the intrauterine insemination (IUI) devices market are in high demand, owing to improved artificial insemination efficacy.
- East Asia will remain a predominant market for intrauterine insemination (IUI) devices, supported by the low costs of healthcare and improvements to technology will boost adoption. Also, South Asia is expected to reflect strong growth owing to numerous domestic players.
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Covid-19 Impact on Intrauterine Insemination (IUI) devices Market
With restrictions on elective healthcare procedures, the coronavirus pandemic has had a moderate impact on the intrauterine insemination (IUI) devices market.
Furthermore, large-scale lockdowns have affected pricing due to disrupted supply chains, hampered sales during the crisis period.
Furthermore, manufacturers are being pushed to limit or shut down non-essential production processes.
Because of the health risk to pregnancies during this period, the demand for intrauterine insemination (IUI) devices is also likely to be affected by the coronavirus crisis.
These factors, combined with a drop in consumer spending, have harmed market size and limited investment.
However, the market is expected to recover by 2021, with lockdown restrictions gradually relaxed.
Who is Winning?
Future Market Insights’ latest report provides an in-depth overview of the business strategies used in the intrauterine insemination (IUI) devices market.
The industry’s major market players have heavily invested in product development and launch strategies.
In the intrauterine insemination (IUI) devices market, strategic geographical and capacity expansions are also gaining traction.
CooperCompany Inc., Cook Medical, Kitazato Corp., Rocket Medical Plc, Prince Medical, Gynotec B.V., Surgimedik Healthcare, Medgyn, and MediTech Devices Pvt. Ltd. are some of the more prominent players in the intrauterine insemination (IUI) devices market.
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Key Segments
Product Type
- IUI Catheters
- Curved
- Flexible
- Straight
- IUI Media/Sperm Wash
End user
- Hospitals
- IVF Clinics
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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