Press release
Asia-Pacific IVF Services Market Value Expected to Grow $13,669 Million by 2028
Asia-Pacific IVF Services Market
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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.
In Vitro Fertilization (IVF) is a type of assisted reproductive technology in which eggs are artificially modified in the laboratory environment and then transplanted into the uterus. IVF is one of the most widely used treatments to help infertility problems, unwed mothers, and the LGBT community. Growth in the IVF services market is accelerating due to increased infertility rates, increased pregnancy delay trends, a surge in IVF success rates, and increased disposable income in the Asia Pacific region. However, market growth is limited due to complications related to IVF treatment and low awareness of IVF in some advanced regions.
Depending on the cycle type, the new cycle (non-donors) segment is the major revenue contributor and is expected to dominate the market during the forecast period.
Depending on the end user, the Asia-Pacific IVF services market is dominated by the Infertile Clinic sector and this trend is expected to continue during the forecast period due to the low cost of treatment and the increase in the number of infertility clinics.
Key Findings of the Asia-pacific IVF Services Market:
• Fresh IVF cycle (non-donor) segment is expected to grow at a significant CAGR of 12.9% (in terms of value) from 2018 to 2028
• Japan generated the highest revenue in the Asia-Pacific IVF services market in 2017 accounting for nearly half of the market share in 2017
• Japan witnessed the highest number of IVF treatments accounting for nearly two-fifths of the total cycles in 2017 and is expected to remain so throughout the forecast period
• India is expected to register the highest CAGR of 15.3% (in terms of value) throughout the forecast period
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The list of key players profiled in this Asia-Pacific IVF services market report include Apollo Hospitals Dhaka, Australian Concept Infertility Medical Center (ACIMC), Bahosi Fertility Centre, Bangkok IVF center, Bloom Fertility and Healthcare, Bloom Fertility Center, Bourn Hall Fertility Center, Bumrungrad International Hospital, Center for Advanced Reproductive Medicine and Infertility, CHA Fertility Center, Chennai Fertility Center, Cloudnine Fertility, Damai Service Hospital, Fatemieh Infertility Center, Fertility Associates, Fertility Centre Nepal (Part of Wecare Health Services, India), Fertility First, Flinders Reproductive Medicine Pty Ltd, Genea Oxford Fertility Limited, IHH Healthcare Berhad, IVF NAMBA Clinic, IVF Sri Lanka Life Plus (Pvt) Ltd, IVF Van Hanh, KL Fertility & Gynecology Centre, Lanka Hospitals, LIFE - Lahore Institute of Fertility & Endocrinology, Lotus Fertility Clinic, Manipal Fertility, Maria Fertility Hospital, MEHR IVF Clinic, Monash IVF Wesley Hospital Auchenflower, Morpheus Life Sciences Pvt. Ltd., Morula IVF, National University Hospital, Nepal International Fertility Centre, Oak Medical Group/Oak Clinic, Raffles Medical Group, Repromed, RSUP Dr. Hasan Sadikin Bandung, SAFE Fertility Center, Sanno Hospital, Saqib Fertility & IVF Center Mid City Hospital, Shanghai Ji Ai Genetics & IVF Institute, Shanghai, United Family Hospital, Southend Fertility and IVF, Superior A.R.T Myanmar, Thomson Medical Pte. Ltd., TMC Fertility Centre, Tu Du Hospital, Victory A.R.T. Laboratory Phils., Inc., and Virtus Health.
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