Press release
IVF Devices and Consumables Market is Expected to Showcase a Significant CAGR of 17.6% During 2018-2025
In vitro fertilization (IVF) is a type of assisted reproductive technology in which the ovum is artificially fertilized in laboratory settings and then implanted into the uterus. IVF is one of the widely used treatments, which assists couples with infertility problems, single mothers, and the LGBT community to procreate.Increase in infertility rate, rise in awareness toward IVF, growth in demand for advanced IVF technologies, and surge in IVF success rate are the key factors that drive the growth of the IVF devices and consumables market globally. However, the market growth is restricted by the higher costs associated with IVF devices, ethical issues, and complications associated with IVF.
According to a new report published by Allied Market Research market was valued at $1,882 million in 2017, and is expected to reach $6,891 million by 2025, growing at a CAGR of 17.6% from 2018 to 2025.
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Based on product, the accessory & disposable segment is the major revenue contributor, and is expected to dominate the market during the forecast period, due to their cost-effectiveness. However, the instrument segment is anticipated to grow at the highest rate, due to technological advancements and surge in demand for advanced IVF devices.
Based on technology, fresh embryo IVF is the major revenue contributor, and is estimated to show dominance during the forecast period, due to its advantages such as higher success rate, convenience, cost-effectiveness, and safety.
Depending on end user, the global IVF devices and consumables market is dominated by the fertility clinic 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. However, the surgical center segment is expected to grow at a significant rate, due to increase in number of surgery centers in the developing region and rise in use of IVF among the surgery centers.
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Major Players:
• Cook Medical Inc.
• FUJIFILM Holdings Corporation (Irvine Scientific Sales Company Inc.)
• Genea Biomedx
• Merck KGaA (EMD Serono Inc.)
• Ovascience Inc.
• Oxford Gene Technology
• Progyny Inc.
• The Cooper Companies Inc.(CooperSurgical Inc.)
• Thermo Fisher Scientific Inc.
• Vitrolife AB.
Key Benefits:
• The study provides an in-depth analysis of the global IVF devices and consumables industry along with the current trends and future estimations to elucidate the imminent investment pockets.
• It offers a quantitative analysis from 2017 to 2025, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
• A comprehensive analysis of all the geographical regions is provided to determine the prevailing opportunities.
• The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global market.
Browse Full Report with TOC: https://www.alliedmarketresearch.com/In-vitro-Fertilization-Devices-and-Consumables-market?utm_source=openpr&utm_medium=ss
About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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