In-vitro Fertilization (IVF) Services Market Growth Analysis & Key Business Strategies by Leading Industry Players: Monterey Bay IVF, Conceptions Reproductive Associates, Toronto Center for Advanced reproductive Technology Ltd., Liv Fertility Center inPueGlobal IVF services market generated $10,587 million in 2017 and is projected to reach $22,467 million by 2025, growing at a CAGR of 9.8% from 2018 to 2025. In vitro fertilization is an assisted reproductive technology (ART), which involves retrieving eggs from a womans ovaries and fertilizing them with sperm outside the body, in vitro.
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The global IVF services market is anticipated to exhibit significant market growth during the forecast period, owing to rise in infertility rate, increase in trend of delayed pregnancies, surge in IVF success rate, and rise in disposable income worldwide. However, high cost, complications associated with IVF treatment, and low awareness level for IVF in some under developed regions hinder the growth of the IVF services market. Conversely, upsurge in fertility tourism, increase in number of fertility clinics, and growth opportunities in the emerging markets make way for IVF services market development in the future.
IVF Services Market Segmentation
The global IVF services market is segmented based on cycle type, end user, and region. Based on cycle type, the market is divided into fresh IVF cycle (non-donor), thawed IVF cycle (non-donor), and donor egg IVF cycle. According to end user, the IVF services industry is classified as fertility clinics, hospitals, surgical centers and clinical research institutes. Region wise, the IVF services market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, Denmark, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, Thailand, New Zealand, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The global IVF services market by cycle type segment is sub-segmented into fresh (non-donor) IVF cycles, thawed (non-donor) IVF cycles, and donor egg IVF cycles. The fresh IVF cycles (non-donor) is the largest segment, accounted for two-thirds of the total IVF cycles in 2017. The fresh embryo IVF cycle begins with the ovarian stimulation, which is followed by retrieval of all eggs from the patient. These eggs are reinserted to create an embryo; these embryos are transferred back in the patient. Any remaining good quality embryos are frozen, which can be used in the future frozen IVF cycles.
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Key players profiled in this report included
Fertility and Gynecology Center,
Monterey Bay IVF,
Conceptions Reproductive Associates,
Toronto Center for Advanced reproductive Technology Ltd.,
Liv Fertility Center inPuerto Vallarta,
Heidelberg University Hospital,
Clinique de la Muette,
The Bridge Center,
Cadila Healthcare Ltd.,
EMD Serono, Inc.,
Thermo Fisher Scientific Inc.,
Clinica Anglo Americana,
Cyprus IVF Center Lifesure Fertility & Gynecology Center and others.
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Key Findings of In-vitro Fertilization (IVF) Services Market:
- In India, fertility clinics and hospitals segment collectively accounted for about 4/5th of the revenue generated in 2014
- Middle East accounted for about 65% revenue share of the LAMEA IVF market
- The Asia-Pacific IVF market is expected to grow at a promising CAGR of 8.9% from 2015 to 2021 in terms of volume
- China leads the Asia Pacific IVF market with about 44% volume share
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Global In Vitro Fertilization (IVF) Market
In vitro fertilization (IVF) has today emerged as one of the most preferred choices for individuals and couples with problems of infertility. This assisted reproductive method is also widely popular among single mothers and individuals from the LGBT community. Rising cases of infertility, recent innovations in IVF procedures, an emerging trend of delayed pregnancies among women, favorable reimbursement scenarios, and the surge in disposable income and health-care spending have significantly