Global In vitro Fertilization Market (IVF) - Trends, and Forecast up to 2024 | Market Research Reports
The global in vitro fertilization market is estimated to witness a CAGR of 11.2% during the forecast period 2018 - 2024.
Overview:
In Vitro Fertilization (IVF) is a process of fertilization that takes place outside the body, i.e., in vitro. IVF involves the production of eggs, i.e., superovulation, in women by medication and injecting hormones.
The in vitro fertilization market is driven by increasing awareness among the public about fertility and accessible treatment options, delayed pregnancies, reducing fertility rates, and initiation from the government to promote IVF treatment.
However, high treatment cost, ethical concerns related to IVF, and low success rate of the procedure may slow down the growth of the in vitro fertilization market.
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The global market is analyzed based on four segments products, cycle types, end-users, and regions.
Product Analysis:
- Cryopreservation media
- Sperm processing media
- Ovum processing media.
- Sperm separation system
- Ovum aspiration pump
- Micromanipulator system
- Incubators
- Cryosystems
Cycle Type Analysis
- Fresh IVF cycles (non-donor)
- Thawed IVF cycles (non-donor)
- Donor IVF cycles
End-users Analysis
- Hospitals and research laboratories
- Fertility and surgical centers
- Cryobanks
Key Players:
- Vitrolife, Cook Medical Inc.
- Cooper Companies (CopperSurgical Inc.)
- Irvine Scientific
- Hunter Scientific
- EMD Sereno, Inc.
- ESCO Micro Pte Ltd.
Regional Analysis
- The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW).
- Europe is the major shareholder in the global in vitro fertilization market, followed by North America.
- Whereas, Asia Pacific is the fastest growing market due to increasing fertility tourism, upsurge in awareness, and acceptance of the technology.
Competitive Analysis
There is an increase in acquisition, collaboration between IVF-related companies, and launching of new IVF products due to the favorable environment for IVF across the globe.
The report gives the complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in the specific verticals to analyze before investing or expanding the business in this market.
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