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U.S IVF Services Market | Industry, Revenue & Trends Analysis By 2027
According to a new report published by Allied Market Research, titled, "The U.S IVF Services Market by cycle type, end user and Country: opportunity analysis and industry forecast, 2019-2027,"the The U.S. IVF market was valued at $4,905.46 million in 2020, and is expected to reach $5,563.06 million by 2027, registering a CAGR of 6.8% from 2019 to 2027.โฆ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ :
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In vitro fertilization (IVF) is a form of assisted reproductive technology in which an egg is placed in a laboratory and implanted in the uterus. The rising rate of fertility across the country, due to declining birth rates among women and increasing pregnancy rates, is driving the growth of the US IVF service market. Moreover, it is a widely used treatment, which helps couples with fertility problems, single mothers and the LGBT community to have children. Infertility rates, rise in late pregnancy, rise in success rate of IVF, and growing disposable income are driving the market growth.
Major Key Market Players -
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.
However, the growth of the US IVF service market is due to the high cost, complications associated with IVF treatment, and the lack of knowledge about IVF. In addition, technological advancements in IVF procedures and rising healthcare expenditure are driving the growth of the market. For example, the omission of implanting multiple embryos during IVF procedures have reduced the number of twin births in the U.S.
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In addition, the process of delaying pregnancy has increased significantly. In older women (over 40 years), the eggs produced by the reproductive system are not mature enough for the fertilization process. This can lead to the risk of genetic diseases in eggs. In addition, the elderly experience a reduction in the production of healthy eggs and a greater risk of miscarriage. Apart from this, smoking before or during pregnancy can expose the baby to developmental issues or cause problems in pregnancy.
According to the CDC, about 20 percent of women in the United States now have their first child by age 35, and about one-third of couples where the woman is older 35 have fertility problems. So, the increase in the practice of delaying pregnancy among women is expected to lead to the growth of the IVF services market.
The growing popularity of in vitro fertilization in the United States, the increase in the infertility rate and the practice of embryo banking cycles and the increase in the number of delayed pregnancies are the key factors driving the growth of the fertilization services market in vitro in the United States. However, the high cost of IVF treatments in the United States, the restriction on three-parent IVF treatments, and scattered reimbursements hinder market growth. Conversely, rapid technological advances in IVF treatment are expected to create profitable opportunities in the near future.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various research data tables and confirms utmost accuracy in our market forecasting. Each and every us companies and this helps us in digging out market data that helps us generate accurate y data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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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 and single mothers & the LGBT community to procreate. Increase in infertility rate, rise in trend of delayed pregnancies, surge in IVF success rate, and upsurge in disposable incomeโฆ
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