U.S. IVF Services Market Value to Show $4,472.2 Million by 2022 | Allied Market Research
The U.S. IVF services market was valued at $2,213.1 million in 2015, and is estimated to reach $4,472.2 million by 2022, registering a CAGR of 10.6% from 2016 to 2022.
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IVF services market is growing due to rise in number of delayed pregnancies among women, increase in number of infertility cases, and modern lifestyle leading to various gynecological conditions. In addition, the IVF services has become popular in the U.S. owing to advance IVF practices, which helps several patients to solve fertility problem, and technological advancements in IVF procedures. However, high cost of IVF treatments and lack of established regulations majorly restrain the market growth. Developments of fertility clinics and novel IVF technologies by key players are expected to offer lucrative growth opportunities for IVF service providers in future.
The overall number of embryo transfers performed in U.S. stood at 180.4 thousand in 2015 and is expected to reach 353.7 thousand by 2022, registering a CAGR of 10.1% during the forecast period. The growth of the market is associated with modern lifestyle, increase in infertility rate among couples, availability of advanced technology, and skilled IVF technicians.
The fertility clinics segment is anticipated dominate the market during the forecast period in terms of volume and revenue. This is due to the reason that fertility clinics provide technologically advanced and wide range of fertility treatments under one roof for patients.
Key Findings of the U.S. IVF Services Market:
• Based on cycle type, in 2015, fresh IVF cycle (non-donor) segment accounted for around half share of the total market, in terms of revenue and volume.
• Based on end user, clinical research institutes segment is projected to be one of the fastest growing segment at a CAGR of 11.1% in terms of revenue.
• Based on end user, in 2015, fertility clinics segment accounted for around three-fifths share of the total market in terms of volume.
Key players in the U.S. IVF services market includes companies, hospitals, surgical centers, fertility centers, and clinical research institutes. These are Fertility and Gynecology Center Monterey Bay IVF, Conceptions Reproductive Associates, Servy Massey Fertility Institute, Sher Institute for Reproductive Medicine (SIRM), Cardone Reproductive Medicine & Infertility, Fertility Center of San Antonio, Houston Fertility Center, New hope fertility center, and Reproductive Medicine Associates of New Jersey.
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