Global Human Chorionic Gonadotropin (HCG) Market to Reach US$ 1,768.4 Million by 2032, Spurred by Increasing Female Infertility

July 12, 2023 | Healthcare

According to the latest report by IMARC Group, titled “Human Chorionic Gonadotropin (HCG) Market Report by Technology (Natural Source Extraction, Recombinant Technology), Therapeutic Area (Female Infertility Treatment, Male Hypogonadism, Oligospermic Treatment, and Others), End User (Fertility Clinics, Research Institutions, and Others), and Region 2024-2032,” the global human chorionic gonadotropin (HCG) market size reached US$ 973.5 Million in 2023. Human chorionic gonadotropin (HCG) refers to a hormone made by the placenta during pregnancy. It is essential for maintaining the production of other hormones, including progesterone and estrogen, which are necessary for a healthy pregnancy. It is responsible for supporting the development of the fertilized egg and the formation of the placenta. It helps in the nourishment of the growing embryo by ensuring the production of essential hormones until the placenta is fully formed and can take over hormone production.

Global Human Chorionic Gonadotropin (HCG) Market Trends:

The surging prevalence of polycystic ovary syndrome (PCOS), hypothalamic dysfunction, and premature ovarian insufficiency (POI) that can disrupt normal ovulation represents one of the major factors driving the demand for HCG around the world. Moreover, HCG is used in pregnancy detection test kits to detect pregnancy through urine and blood tests. This, coupled with the increasing awareness among people about the availability of pregnancy detection kits, rising birth rate, and the growing adolescent pregnancy rate, is influencing the market positively. In addition, the increasing use of HCG to improve testosterone levels, enhance fertility, and promote sexual function is favoring the growth of the market. Apart from this, the rising usage of HCG in veterinary medicine for reproductive purposes, such as in breeding programs for animals, is propelling the market growth. Looking forward, the market value is projected to reach US$ 1,768.4 Million by 2032, expanding at a CAGR of 6.65% during 2024-2032.

Market Summary:

  • Based on the technology, natural source extraction dominates the market, followed by recombinant technology.
  • On the basis of the therapeutic area, the market has been segregated into female infertility treatment, male hypogonadism, oligospermic treatment, and others. Female infertility treatment currently accounts for the biggest share in the market.
  • Based on the end user, the market has been divided into fertility clinics, research institutions, and others. At present, fertility clinics dominates the market.
  • Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
  • The competitive landscape of the market has also been examined, with some of the key players being Biocare Medical LLC, Ferring Pharmaceuticals, Fresenius SE & Co. KGaA, Kamiya Biomedical Company (Nitto Boseki Co. Ltd.), Lee Biosolutions Inc. (Oy Medix Biochemica Ab), Merck & Co. Inc., Prospec-Tany Technogene Ltd., Scripps Laboratories Inc., and Sun Pharmaceutical Industries Limited.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Technologies Covered Natural Source Extraction, Recombinant Technology
Therapeutic Areas Covered Female Infertility Treatment, Male Hypogonadism, Oligospermic Treatment, Others
End Users Covered Fertility Clinics, Research Institutions, Others
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Biocare Medical LLC, Ferring Pharmaceuticals, Fresenius SE & Co. KGaA, Kamiya Biomedical Company (Nitto Boseki Co. Ltd.), Lee Biosolutions Inc. (Oy Medix Biochemica Ab), Merck & Co. Inc., Prospec-Tany Technogene Ltd., Scripps Laboratories Inc., Sun Pharmaceutical Industries Limited, etc.
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Global Human Chorionic Gonadotropin (HCG) Market to Reach US$ 1,768.4 Million by 2032, Spurred by Increasing Female Infertility
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