Latin America Infertility Diagnostics Devices Market Report and Forecast 2024-2032

Latin America Infertility Diagnostics Devices Market Size

The global infertility diagnostics devices market  is expected to grow at a CAGR of 8.8% during the forecast period of 2024-2032, with Latin America significantly contributing to market growth. The market is driven by the increasing prevalence of infertility and technical advancements in diagnostic devices in the region.

Latin America Infertility Diagnostics Devices Market Outlook

• Latin America has witnessed a significant decline in population. In 2023, Brazil's population decreased by 5 million amidst a discrepancy between the estimated and actual figures. 

• In 2022, the United Nations estimated the total fertility rate (TFR) which is at 1.85 live births per woman expected to drop to 1.68 by 2100. This drop in fertility rates is eventually going to increase the Latin America infertility diagnostics devices market demand.

• In 2023, the world’s largest virtual clinic for women and family health Maven collaborated with Amazon to expand Amazon’s family-building support program. Such collaborations are intended the have a positive impact on the market value.

Latin America Infertility Diagnostics Devices Market Analysis

Infertility diagnosis is performed when a couple is unable to conceive for a prolonged period. The population leading an extremely hectic lifestyle, increased indulgence in substances like tobacco and alcohol, unhealthy dietary habits along with a sedentary lifestyle is amongst the major causes of infertility.

The substantial decline in fertility rates in Latin America is a common factor contributing to the escalating demand for infertility diagnostics among the people. The increasing diagnosis rates are directly proportional to Latin America infertility diagnostics devices market growth. For instance, in January 2024, the American Quarterly revealed that the Brazilian population decreased by 5 million in 2023.  A new census estimated the country’s population to be 203 million people, well below the 208 million previously by Brazil’s National Statistics Institute.

Additionally, according to the estimation by the United Nations, the region’s total fertility rate (TFR) was estimated at 1.85 live births per woman in 2022 and is expected to keep falling to reach 1.68 by 2100.  The substantial dip in fertility in the region has created a sense of urgency to understand the reason. The market players are focusing more on developing efficient solutions to overcome the decline in fertility in the region. Companies are bringing new technologies with promising results, estimated to propel the market value in the forecast period. Therefore, people are opting to get diagnosed and going through infertility tests, contributing to the Latin America infertility diagnostics devices market share.

In August 2023, the world’s largest virtual clinic for women and family health, Maven Clinic announced its partnership with Amazon to expand Amazon's family-building support program across the world to 50 countries outside the US and Canada. This collaboration will benefit Amazon employees and their partners with free access via Maven, to board-certified reproductive endocrinologists (fertility doctors), obstetricians, gynecologists, nutritionists, mental health providers, adoption coaches, and other care providers. Maven Clinic is also available in Latin American regions such as Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, and Peru.

Such strategic partnerships and expansion between key players is one of the prominent Latin America infertility diagnostics devices market trends. With increased awareness among people, there are potential chances of heightened demand for infertility treatments and procedures, boosting the market value. The entire Maven Clinic operates primarily as a virtual clinic, this showcases the use of telehealth services which can play a pivotal role in bridging a crucial gap of unmet needs in the Latin American population.

Latin America Infertility Diagnostics Devices Market Segmentation

The market report offers a detailed analysis of the market based on the following segments:

Leading Players in the Latin America Infertility Diagnostics Devices Market

The key features of the market report include partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Cook Group

• Vitrolife

• Thermo Fisher Scientific

• Hamilton Thorne LTD

• Esco Micro Pte Ltd

• Genea Limited

• IVFtech APS

• FIJIFILM Irvine Scientific

• The Baker Company INC

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report