Global In Vitro Fertilization Market - Industry Trends and Forecast to 2029

In vitro fertilization market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 9.72% in the above-mentioned forecast period.

In vitro fertilization or IVF is basically a series of treatments which aid with pregnancy or to avoid genetic problems and to help with childbirth. The mature eggs are collected (recovered) from ovaries during the procedure and fertilized in a laboratory with sperm. This procedure is done across fertility clinics and surgical centers, hospitals and research laboratories and cryobanks.

The increasing awareness about the infertility and availability of different treatment across the globe is the significant factor responsible for driving the growth of the in vitro fertilization market in the above-mentioned forecast period. Additionally, the factors such as the availability of advanced products, increasing male infertility, rising consumption of alcohol and cigarettes and increasing government initiatives to enhance IVF treatment also heighten the overall growth of the market. The increase in the median age of first-time mothers, declining fertility rates, rise in obesity rate and growing consumption of alcohol, and growing awareness about the availability of treatment options are also estimated to accelerate the overall growth of the market. On the other hand, the limitations such as the high cost is estimated to obstruct the market's growth. The low success rate of in vitro fertilization treatment is also estimated to be the restraint that will hamper the overall growth of the market.

Furthermore, the emerging markets and technological advancements and product innovation are expected to generate profitable opportunities for the market. On the flip side, the restrictive regulations and ethical concerns along with reducing efficacy of infertility treatment among patients with advancing age have the potential to challenge for the market's growth.

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