Asia-Pacific IVF Services Market Anticipated to Exhibit Significant Market Growth by 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 service market is accelerating with an increase in infertility rates, an increase in pregnancy delay trends, a surge in IVF success rates, and an increase in disposable income in the Asia Pacific region.

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However, market growth is limited due to complications associated with IVF treatment and low awareness of IVF in some advanced regions. Depending on the cycle type, the new cycle (not the donor) sector is the major revenue contributor and is expected to dominate the market during the forecast period. 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.

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.

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Major Market Players:

•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

Key Findings of the Asia-pacific IVF Services Market:

• The 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 will generate the highest revenue in the Asia-Pacific IVF services market in 2017, accounting for almost half of the market share in 2017.

• Japan has witnessed the largest number of IVF treatments, accounting for almost two-fifths of the total cycle in 2017, and is expected to remain so throughout the forecast period.

• India is expected to register a high CAGR of 15.3% (on the value side) throughout the forecast period.

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