Press release
Asia-Pacific IVF Services Market is Growing Rapidly like Never before Due to Surge in IVF Success Rate
The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets. It offers a quantitative analysis from 2014 to 2028, which is expected to enable the stakeholders to capitalize on prevailing market opportunities. Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities. Key players are profiled to understand the competitive outlook of the global market.Get sample copy of this market study: https://www.alliedmarketresearch.com/request-sample/853
According to a new report published by Allied Market Research, titled, Asia-Pacific IVF Services Market, by Cycle Type, and End User: Opportunity Analysis and Industry Forecast, 2018-2028" the market generated $2,527 million in 2014 and is projected to reach $13,669 million by 2028, growing at a CAGR of 12.4% from 2018 to 2028.
Top Investment in Pockets:
The Asia-Pacific region has witnessed changes in the living standards of people and modernization in society which has led to reduction in birth rates. The fertility rates in some of the Asia-Pacific countries, namely Japan, North and South Korea, China, Vietnam, Singapore, and Thailand, are below the threshold replacement fertility level. According to the East West Center Study, Asia’s prosperous economies namely, Japan, South Korea, Singapore, and Taiwan, have the lowest birth rate. Taiwan had the lowest birth per women, which was 8.55 birth per 1000 women, as compared to that of other countries such as South Korea (8.26), Japan (8.07) and Singapore (8.1) in 2014. This was due to couples postponing parenthood and couples preferring few children or rather no children. Thus, the countries in the Asia-Pacific region with lower levels of fertility witness an increase in demand for assisted reproductive technology/treatment (ART) procedures such as IVF, ICSI, and donor egg, among others.
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The Asia-Pacific ART industry is likely to witness significant growth, owing to the low cost of treatment in the region as compared to that of the western countries. Moreover, the success ratio of ART, especially IVF, has increased owing to technological advancements in this region. These factors have fostered the growth of medical tourism industry in this region. Emerging fertility tourism destinations such as India, Thailand, Japan, Malaysia, Singapore, and Australia are chiefly responsible for the growth of Asia-Pacific region, mainly due to the availability of skilled workforce and rise in healthcare awareness in these nations.
Top Impacting Factors:
The Asia-Pacific IVF services market is characterized by improvement in standards of living, increasing number of couples delaying parenthood due to professional commitments, and trends towards financial stability. In addition, unprecedented growth in the service sector in this region has led to stress and anomalous lifestyle, which is the leading cause of male and female infertility. Advanced developing nations, such as India and China, have shown rapid increase in nuclear families triggering the concern for proper parenting among young couples leading to delay in parenthood.
Access full summary: https://www.alliedmarketresearch.com/asia-Pacific-in-vitro-fertilization-services-market
Prominent Key Players:
• Apollo Hospitals Dhaka
• Australian Concept Infertility Medical Center (ACIMC)
• Bahosi Fertility Centre
• Bangkok IVF center
• Bloom Fertility and Healthcare
• Bloom Fertility Center
Segment Review:
Based on cycle-type, the fresh cycle (non-donor) segment is major revenue contributor and is expected to dominate the market during the forecast period.
Depending on end user, the Asia-Pacific IVF services market is dominated by the fertility clinics segment and is estimated to continue this trend during the forecast period, due to low cost of treatment and increase in number of fertility clinics.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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