Market Trends of Human Chorionic Gonadotropin Industry
This section covers the major market trends shaping the Human Chorionic Gonadotropin Market according to our research experts:
Female Infertility Treatment Segment is Anticipated to Grow at a Significant Rate Over the Forecast Period
Infertility is defined as the inability of the couple to get pregnant or the inability of the woman to carry a pregnancy to term. As the human chorionic gonadotropin (HCG) hormone plays a vital role after the formation of the embryo during pregnancy, the use of HCG in infertility treatment has gained traction in both men and women. Infertility in females can be caused by different reasons. According to the World Health Organization, the primary factors include tubal disorders like a blocked fallopian tube, uterine diseases, polycystic ovarian syndrome (PCOS), other follicular disorders, and endocrine system disorders. With the growing burden of infertility in females worldwide, the demand for effective treatment is increasing, which is expected to drive the segment's growth over the forecast period. According to a research study published by the National Library of Medicine in December 2021, the overall prevalence of infertility was 24.58%, with 6.54% of women experiencing primary infertility and 18.04% experiencing secondary infertility.Thus, due to the high prevalence of infertility among women, the use of HCG is expected to increase over the coming years, thus driving the market's growth.
Further, the recombinant human chorionic gonadotropin products are anticipated to have significant growth due to the availability of different strengths and dosages for the individualization of therapy. Demand for naturally extracted HCG hormone products is also going up because new products are coming out and people are using them more. This could help the segment grow over the next few years.
North America is Expected to Dominate the Human Chorionic Gonadotropin Market Over the Forecast Period
North America is anticipated to have significant market growth over the forecast period. The increase may be attributed to well-established healthcare infrastructure, favorable reimbursement policies, and the growing burden of infertility in the region.
According to the March 2022 update of the Centers for Disease Control and Prevention (CDC), in the United States, among heterosexual women aged 15-49 years with no prior births, about 1 in 5 (19%) are unable to get pregnant after one year of trying (infertility). Also, about 1 in 4 (26%) women in this group have difficulty getting pregnant or carrying a pregnancy to term (impaired fecundity). Furthermore, according to the WHO 2022 update, 15% of reproductive-aged couples worldwide are affected by infertility. This data shows a prevalence of infertility and impaired fecundity in the region, which may drive the demand for HCG for infertility treatment in the country, thus boosting the market's growth in North America.
With rising awareness about infertility and its associated factors, the growing adoption of assisted reproductive technology (ART), and the development and acquisition of market players, the human chorionic gonadotropin (HCG) market is expected to grow further during the forecast period. For instance, in November 2021, InsurMedix, an AI-powered insurance platform, closed a USD 65 million funding round to provide coverage for fertility treatments. The platform, launched in the United States in early 2022, offers medical insurance for reproductive treatments and offers coverage for complementary and alternative medicine as well as medical tourism for care received outside of the country. As a result, these changes are likely to help the market grow in the region over the next few years.
