IVF Services Market Opportunities, Assessment, Demand, Scope and Forecast 2028

According to Precision Business Insights (PBI), the latest report the global IVF Services market is expected to be worth USD 876.4 million in 2021 and projected to grow at 17.3% CAGR over 2022 to 2028. The increased prevalence of infertility aided the expansion of the in vitro fertilisation (IVF) services industry. The lack of ability to conceive within a year is classified as infertility. According to the US Department of Health and Human Services, around 12 to 13 couples out of every 100 have difficulty conceiving. Furthermore, according to the Indian Journal of Community Medicine, India alone has 15 to 20 million infertility problems. Because of the increased prevalence of infertility, more individuals are turning to IVF treatments, which is fueling market expansion.

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The ICSI IVF Segment is Dominating the IVF Services Market:
The IVF is one of the most widely used procedures, assisting infertile couples, single mothers, and the LGBT community to have children, the ICSI IVF segment is expected to account for a larger revenue share, and the market is expected to grow at a double-digit growth rate over the forecast years. An increase in the rate of infertility, a rise in the trend of delayed pregnancies, a surge in IVF success rates, technological advancements in IVF treatment, an increase in the rate of infertility and embryo banking cycles, and an increase in disposable income in the United States are driving the growth of the In Vitro Fertilization market.

Asia pacific Leads IVF Services Market:
Increasing large population base in countries such as India and China, improved accessibility and availability of health facilities and rising healthcare and research expenditure and also awareness of IVF therapy, low IVF treatment costs, an increase in the number of infertile people, and an increase in disposable money, Asia Pacific is expected to hold a significant market share in the global IVF Services market and is projected to grow at a prominent growth rate over the forecast years.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global IVF Services market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. In 2020 Genea Limited will collaborate with Hamilton Thorne Ltd. to manufacture Genea Limited reproductive products in the United States and Canada.

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The IVF Services market is segmented based on gender, procedure, cycle type, end user, offering and geography.
Based on the Gender, the market is segmented into the following:
• Male Infertility
• Female Infertility
• Others

Based on the Procedure, the market is segmented into the following:
• ICSI IVF
• Non-ICSI IVF
• IUI

Based on the Cycle Type, the market is segmented into the following:
• Fresh IVF Cycles
• Thawed IVF Cycles
• Donor Egg IVF Cycles

Based on the End User, the market is segmented into the following:
• Fertility Clinics
• Hospitals
• Surgical Centers
• Clinical Research Institutes

Based on the By Offering, the market is segmented into the following:
• IVF Drugs
• IVF Media and Reagents
• IVF and IUI Services

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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Key player's profiles in the IVF Services market report are ART Fertility Clinics, Bavishi Fertility Institute, Craft Hospital & Research Centre, Dr. Thomas Fertility Center/Chennai Fertility Centers, Gunasheela Hospital, Iswarya fertility Center, Lifeline Hospitals, Nova IVI Fertility.

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