In Vitro Fertilization Market Analysis
In-vitro fertilization market size is projected to touch USD 12,700 million at a 10.50% CAGR between 2018-2023, reveals the new Market Research Future (MRFR) report. IVF or in-vitro fertilization is a process where the man’s sperms and the woman’s eggs are combined in the laboratory for developing an embryo. Resting on the woman’s age and the diagnosis, the embryos or the embryo is transferred into the uterus of the woman through her cervix for increasing the chances of pregnancy.
Numerous factors are adding to the global in-vitro fertilization market share. Such factors, according to the recent MRFR report, include rising prevalence of infertility, and favorable government initiatives to provide better reimbursement policies. Additional factors adding to the IVF service market growth include expansion of fertility techniques to treat male infertility such as ICSI, wide availability of genomic testing, and insurance coverage on IVF.
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On the contrary, ethical concerns, low success rates, and high treatment costs are factors that may limit the in-vitro fertilization market growth over the forecast period.
In Vitro Fertilization Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global in-vitro fertilization market based on type, product, & end users.
By type, the global in-vitro fertilization market has been segmented into IVF using donor eggs, intracytoplasmic sperm injection, in-vitro fertilization, and intrauterine insemination. The IVF using donor eggs is a type of fertility treatment for women who cannot use their eggs. Here the egg used is that donated by the egg donor. Intracytoplasmic sperm injection, simply put, is an IVF process where a sperm cell is directly injected into an egg’s cytoplasm. In-vitro fertilization is fertilization process where the egg is combined with that of the sperm in vitro, outside the body. Intrauterine insemination is a fertility process that includes placing the sperm inside the woman’s uterus for facilitating fertilization. Of these, intrauterine insemination will dominate the market over the forecast period.
By product, the global in-vitro fertilization market has been segmented into device & regent. The device segment is again segmented into cryosystem, micromanipulator, ovum aspiration pump, sperm separation system, and imaging systems. Cryosystem helps in protecting sperm cells against damage resulting from freezing and also protecting the semen’s fertilizing ability after thawing. A micromanipulator is a microscopic treatment of embryos, sperm, or eggs to improve pregnancy rates and/or fertilization. An ovum aspiration pump helps to pick up the ovum. A sperm separation system is used for separating a part of the sperm cell population within the original semen sample. Imaging systems offer various benefits of lower inter-observer variability, constant embryo development monitoring, and optimized embryo culture conditions. The reagent segment is again segmented into ovum processing media, sperm processing media, cryopreservation media, and embryo culture media. Of these, the device segment will lead the market over the forecast period.
By end users, the in-vitro fertilization market is segmented into hospitals, fertility clinics, and clinical research institutes. Of these, fertility clinics will have a major share in the market over the forecast period followed by hospitals.
In Vitro Fertilization Market Regional Analysis
By region, the global in-vitro fertilization market covers the growth opportunities and recent trends across Europe, North America, the Middle East & Africa (MEA), Latin America, and the Asia Pacific (APAC). Of these, Europe is likely to command the largest share in the market over the forecast period. This region is the first to introduce this fertilization procedure and also the first to approve the mitochondrial transfer technique or thee parent’s IVF. The UK, France, and Germany are the major contributors in the region.
The in-vitro fertilization market in North America is predicted to have healthy growth over the forecast period for the increasing demand for fertility treatment.
The in-vitro fertilization market in the APAC region is predicted to grow at a quick pace over the forecast period. Factors adding to the growth of the in-vitro fertilization market in the region include the changing regulatory landscape, rising foreign investment for penetrating in economically developing countries, and fertility tourism.
The in-vitro fertilization market in Latin America and the MEA is predicted to have steady growth over the forecast period for the rapidly developing healthcare infrastructure, which is boosting medical tourism for infertility treatment.
In Vitro Fertilization Market Key Players
Leading players profiled in the in-vitro fertilization market report include Thermo Fisher Scientific, Vitrolife, Oxford Gene Technology, Irvine Scientific, Genea Limited, GENEA BIOMEDIX, INVO Bioscience, Cook Medical, Merck KGaA, and Cooper Surgical Fertility.
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