Intrauterine Insemination (IUI) Devices Market is estimated to rise steadily with 3.8% CAGR through 2030

The global intrauterine insemination (IUI) devices market has witnessed a marginal slump in 2020, which can be attributed to the ongoing covid-19 outbreak. Restrictions on production facilities, and the redirection of healthcare resources to handle the pandemic has hurt short-term market prospects. However, the long-term prospects of the market remain bullish, with a new study by Future Market Insights (FMI) estimating the market to grow at nearly 3.8% CAGR.

According to the study, despite the steady growth of the intrauterine insemination (IUI) devices sector, strict regulations on fertility treatments, for demographics such as same sex couples in a number of countries hold back 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 size was nearly US$ 35 Mn in 2019, with market growth falling moderately through the duration of the coronavirus outbreak, as lockdown restrictions hurt supply chains, and consumers display lower inclination to adoption.
• IVF clinics will remain the primary users of intrauterine insemination (IUI) devices, the end user segment is expected to account for more than 55% of the market share over the assessment period.
• Sperm wash product offerings in the intrauterine insemination (IUI) devices market are highly sought after, driven by higher efficacy in artificial insemination.
• 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.

“Investments by IVF clinics towards cutting edge fertility technologies in a competitive industry drive the demand for intrauterine insemination (IUI) devices. Changes in laws favoring single parents and same sex couples will support market developments, particularly in developed economies,” said a lead analyst from FMI.

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Covid-19 Impact on Intrauterine Insemination (IUI) devices Market

The coronavirus pandemic has moderately impacted the intrauterine insemination (IUI) devices market, with restrictions on elective healthcare procedures. Also, large scale lockdowns have also affected pricing owing to disrupted supply chains, hindering sales during the crisis period.

Further, manufacturers are pushed to limit or close down production processes, for non-essential applications. The demand for intrauterine insemination (IUI) devices is also likely to be affected by the coronavirus crisis, owing to health risk to pregnancies during this period.

These factors, in addition to a slump in consumer expenditure has hurt market size, and limited investments. However, the market is expected to display recovery towards 2021, with gradual relaxation of lockdown restrictions.

Who is Winning?

In its latest report, Future Market Insights has provided an in-depth overview of the business strategies that are used in the intrauterine insemination (IUI) devices market. Major market players in the industry have largely invested their resources into product development and launch strategies. Strategic geographical and capacity expansions are also gaining prominence in the intrauterine insemination (IUI) devices market.

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 Questions Answered by the Report

• What is the intrauterine insemination (IUI) devices market size?

The global intrauterine insemination (IUI) devices market reached a valuation of US$ 34.9 million in 2019. The intrauterine insemination (IUI) devices market is estimated to rise steadily with 3.8% CAGR between 2020 and 2030.

• Which is the largest market for intrauterine insemination (IUI) devices?

East Asia is expected to remain the largest market for intrauterine insemination (IUI) devices for the duration of the assessment period, owing to strong demand from cases of infertility and demand from single parents/same sex couples.

• Which are the top companies in global intrauterine insemination (IUI) devices market?

MediTech Devices Pvt. Ltd., Medgyn, Surgimedik Healthcare, Gynotec B.V., Prince Medical, Rocket Medical plc, Kitazato Corp., Cook Medical, and CooperCompany are among the leading players in the intrauterine insemination (IUI) devices market.

• What are the applications of intrauterine insemination (IUI) devices?

Intrauterine insemination (IUI) devices products primarily find roles in non-invasive fertility treatments with recent advances in assistive reproductive technology.

• What are the prospects for the South Asia intrauterine insemination (IUI) devices market?

Countries in the South Asia region are reflecting faster than average growth on the back of growing number of IVF clinics, and increased acceptance of sperm donor and partner donor concepts.

• What is the near-term competitive outlook of the global intrauterine insemination (IUI) devices market?

The global intrauterine insemination (IUI) devices market is fairly fragmented, with investments into product development gaining ground.

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