In-Vitro Fertilization Device Market with CAGR Of 11.7% Enhances the Growth due to Growing Acceptance Of In-Vitro Fertilization Procedures till 2022 | Says MRFR

In-Vitro Fertilization Device Market
The report published by Market Research Future gives the clear picture of current In Vitro Fertilization Device Market scenario and the predicted future of the industry. The report mainly based on market drivers, restraints, growth, trends and forecast for the period of 2018-2022.

According to a recent study published by the Market Research Future analysts, the global in-vitro fertilization (IVF) device market is growing at a decent double-digit growth rate. The growth of this market is mainly due to the rising cases of infertility, growing awareness of the in-vitro fertilization technology, and growing acceptance of IVF procedure. Apart from that, Medical tourism in developing countries like India, Singapore, Malaysia, Pakistan and few others are driving the market for IVF Device market in those regions.

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Furthermore, IVF is one of the broadly known treatments, which has helped couples with infertility issues, single parents and the LGBT group to reproduce/procreate. The global IVF device market would witness a generous development in future attributed to rising rate of infertility cases, rising pattern of delayed pregnancies among women, innovative developments in IVF procedures/methods and expanded events of gamete donations.

In Vitro Fertilization Device Market – Competitive Landscape

In January 2018, A team of researchers from Worcester Polytechnic Institute (WPI) and Stanford University, developed a SPARTAN sperm sorting device that Could Improve IVF Success. The device uses an “obstacle course” to sort and select faster and healthier sperm cells which can be used in IVF treatment.

In November 2016, The Cooper Companies, Inc. announced the acquisition of Wallace, the in-vitro fertilization (IVF) segment of Smiths Medical by CooperSurgical. The acquisition provides strategic benefit to CooperSurgical’s existing IVF portfolio as Wallace brings the gold standard of embryo transfer catheters along with some of the premier products like oocyte retrieval needles.

In June 2016, CooperSurgical acquired Reprogenetics UK of Oxford, United Kingdom. Reprogenetics UK is a terrific addition to CooperSurgical’s industry leading ART portfolio of IVF and genetic testing solutions.

In Vitro Fertilization Device MarketPrincipal Players

Some of the key players in this market are: EMD Serono, Inc., Irvine Scientific, Cooper Surgical, Inc., hermo Fisher Scientific, Inc., Genea Biomedx, Auxogyn, Inc., Oxford Gene Technology and OvaScience, Inc Vitrolife AB, Cook Medical, Inc., Esco Micro Pte. Ltd and others.

In Vitro Fertilization Device Market – Segments

Global In Vitro Fertilization Device Market has been segmented on the basis of devices which comprises accessories and disposables, micromanipulator imaging system, cabinet, ovum aspiration pump, sperm separation system, incubators, cryosystem and others. On the basis of technology, the market is segmented into frozen embryo transfer technique, donor egg IVF technique, fresh embryo transfer technique and others. Further on the basis of end users the market is segmented into surgical centers, clinical research institutes, fertility clinics, hospitals and others.

In Vitro Fertilization Device Market – Regional Analysis

The IVF Device Market is spread across North America, Europe, Asia Pacific, and Middle-East.

Among all regions, North America holds the largest share of IVF device market. Countries such as the United States (U.S.) and Canada are major revenue generators of the North America market. Surge in disposable incomes, health insurance portability, and rise in advertising and marketing of medical facilities to promote IVF devices augment the market growth in this region. Moreover, industry players introducing more IVF treatments in the region leads to immense growth of IVF device market. Also, presence of favorable reimbursement framework helps the market growth. For instance, in 2016, U.S. A’s Department of Defense had implemented a 5-year plan to freeze eggs/sperm of troops which would also cover the cost incurred for active service members of the U.S military.

Europe is projected to be the second largest market as it is anticipated to exhibit a massive growth rate during the forecast period (2016-2022). High quality of treatments offered at economical price and adherence to medical standards have contributed to the market dominance in this region. Furthermore, the region attracts international clients who have high number of egg donors and clinics in Europe also provide large number of IVF treatments. These factors predominantly aid the market progress.

Also, the market in Asia Pacific region is deemed to be the fastest growing market for IVF devices. Increasing penetration of foreign industries into developing economies, fertility tourism, and changing regulatory landscape thrust the market on an upward trajectory in this region. Furthermore, increasing awareness of infertility and improvement in infertility-related services leave a positive impact on the market growth. For instance, the Asia Pacific Initiative on Reproduction (ASPIRE) is a task force of clinicians and scientists involved in the monitoring and management of fertility and Assisted Reproductive Technology (ART). Such initiatives promote awareness among the population in terms of IVF procedures and their benefits, thus driving the IVF devices market in this region.

The Middle-East in-vitro market is on a meteoric rise as well due to changing lifestyle conditions, delayed pregnancy, gynecological conditions, reduced ovarian reserve in female population, and fertility disorders.

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Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

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