Home Insemination Market size is forecast to reach $2.3 billion by 2025, growing at a CAGR of 6.8% during the forecast period 2020-2025. Home insemination is a type of artificial insemination done usually by woman at home. Artificial insemination is a fertility treatment method used to deliver sperm directly to the cervix or uterus in the hopes of getting pregnant. Sometimes, these sperm are washed or “prepared” to increase the likelihood a woman to get pregnant. For many reasons, at-home insemination is a preferred option for many women in a variety of situations. One of the main benefits of performing artificial insemination at home is the comfort, privacy, and ideal timing it provides. Women predominantly prefer Turkey Baster Method, Cervical Cap and instead cup for artificial insemination at home. However, doctors usually instruct to use germicidal soap before using the equipment at home for better sterilizing from germs. Changing lifestyle standards, lower cost in comparison to other fertilization procedures, growing cases of male and female infertility and favorable government laws in developed countries for fertility procedures are driving the market growth in recent years. In addition, major market development of key players like Conceivex, Inc. are other factors driving the growth of the market.
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Product Type – Segment Analysis
Insemination Kits segment held the largest share in the product type segment of Home Insemination Market in 2019 and is estimated to grow at a CAGR of 7.5% during the forecast period 2020-2025. Increasing adoption of these kits among women from developed countries and new product launches have driven the growth of this segment. Cost-efficiency of home insemination kits and R&D activities on better acting insemination kits by key market companies are further aiding in the growth of this segment. Home Insemination Kits held the second largest share in 2019, owing to their cost effectiveness and easier usage model. Accessories is set to be the fastest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025, owing to increasing demand for easier insemination at home and product launches by key market players.
Source – Segment Analysis
Home Insemination by Husband segment held the major share in the source segment of Home Insemination Market in 2019. Easier providing of sperm and demand for genetic transmission to offspring from own partners by most couples has driven the demand of this segment. Home Insemination by Donor segment is forecast to grow at the fastest rate with the highest CAGR during the forecast period 2020-2025, owing to their being safer as sperm banks and increasing incidences of single mothers and lesbian couples.
Geography – Segment Analysis
North America dominated the geography segment of Home Insemination Market with a share of more than 41.7% in 2019, followed by Europe. Growing demand for Home Insemination by single mothers and lesbian couples, increasing prevalence of infertility among adults and increasing key developments by market players have helped in the growth of Home Insemination Market infrastructure. Europe held the second place in the geography segment share of the market, owing to increasing number of same sex marriages and presence of well-developed healthcare infrastructure in this region.
However, Asia-Pacific is estimated to grow at the fastest rate at a higher CAGR during the forecast period 2020-2025. This is owing to changing social structures, entry of new market players in the region and increasing disposable income of the population.
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Drivers – Home Insemination Market
Infertility is common in developed countries. Out of 100 couples in the U.S., about 12 to 13 of them have trouble becoming pregnant. About ten in 100 (6.1 million) women in the U.S. aged 26–40 have difficulty becoming pregnant or staying pregnant, according to the Centers for Disease Control and Prevention. Hence, women are opting more fore home insemination, which provides ease as well as privacy.
In recent years, many countries around the world like U.S. and Taiwan have shifted from the norms of heterosexual marriages and legalized same sex marriage, single parenthoods and other fertility laws. As a result, the key medical organizations are set to invest more in Home Inseminations products, and this is projected to drive the Infusion Market growth during the forecast period 2020-2025.
Challenges – Home Insemination Market
There are some Asian and Middle East countries that are strict about family laws and have not yet passed fertility laws and other related services. Thus, it is anticipated to hamper the market growth during the forecast period 2020-2025.
Home Insemination Industry Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Home Insemination Market. In 2019, Home Insemination Market share is consolidated by the top players present in the market. Home Insemination Market top 10 companies are Rinovum Women’s Health, LLC, Pride Angel, Hi-Tech Solutions, Kitazato Corp., Rocket Medical plc., Conception Kit Company, Conceivex, Inc., Labotech GmbH, Hamilton Thorn Ltd. and Zander scientific Inc. among others.
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