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IVF Services Market Growth and Projections 2024-2033 | Key Players Monash IVF Group, Virtus Health Limited, Chelsea and Westminster Hospital NHS Foundation Trust, Genea Limited
IVF Services Market Share
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According to The Business Research Company's, The ivf services market size has grown rapidly in recent years. It will grow from $17.13 billion in 2023 to $19.07 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to increased increasing prevalence of pcos condition, increased cases of the premature ovarian failure, increasing rate of male infertility and insurance coverages to ivf procedures.
The ivf services market size is expected to see strong growth in the next few years. It will grow to $27.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rising infertility rate, technological developments regarding fertility treatment, growing adoption of ivf services to aid in pregnancy, rising number of same sex couples, increase in number of fertility clinics, rise in disposable income and late parenthood. Major trends in the forecast period include providing mitochondrial replacement therapies to potentially overcome genetic disorders, adopting new technologies like fertility freezing and provide and better solutions to people seeking for fertility treatments., offering pgt-a screening or testing program to potentially increase the chances of pregnancy, using artificial intelligence to reduce costs and time, implement blockchain based apps to curate data to their users and adopting advanced technologies such as time-lapse microscopy for safe, uninterrupted and constant embryo observation.
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Market Drivers and Trends:
The rising infertility rate contributed to the growth of the in vitro fertilization IVF services market. Infertility is known as the inability to conceive within 12 months. According to the US Department of Health and Human Services, around 12 to 13 couples in 100 have a problem in conceiving. Moreover, according to the Indian Journal of Community Medicine, 15 to 20 million infertility cases are in India alone. The rising infertility rate made people resort to IVF services contributing to the growth of the market.
Platelet-rich plasma (PRP) is the latest technique increasingly used for improving IVF success rate in patients with recurrent implantation failures. PRP is used alongside fertility treatments like IVF to improve egg quality, uterine lining thickness and endometrial receptivity, and the treatment is primarily for recurrent implantation failure over multiple IVF cycles. According to an article published by the Journal of Assisted Reproduction and Genetics, women treated with PRP experienced a significant improvement in Follicle-Stimulating Hormone (FSH), Anti-Müllerian Hormone (AMH), and Antral Follicle Count (AFC) and help improve fertility.
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Major Key Players of the Market:
BNSF Railway, Norfolk Southern Railway, Union Pacific Railroad, Canadian National Railway, Deutsche Bahn, CSX Transportation, Schneider National, Inc, SNCF, Japan Freight Railway Company (JR Freight), KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC., China State Railway Group Co. Ltd., Container Corp. of India Ltd., Indian Railways, KiwiRail Ltd., PT Kereta Api Indonesia (Persero), Qube Holdings Ltd., Twentieth Super Pace Nominees Pty Ltd, SF Express Co. Ltd., Deppon Logistics Co. Ltd., HOAU Logistics Company Limited, Shanghai CNEX Express Co. Ltd., COSCO Logistics, Barrington Freight Ltd., Coyote Logistics Europe, German Railway Authority, Railforum Netherlands, Swedish Rail Industry Group (Swerig), TransContainer, Emperor Franz Joseph Railway, GW Train Regio, Caile Ferate Romane, CFR Marfa, J.B. Hunt intermodal, XPO Logistics, Swift Intermodal, The National Railroad Passenger Corporation (Amtrak), Kansas City Southern, Hudson Bay Railway Co., Panalpina, Yusen Logistics, Fox Brasil, Almar Group, Trenes Metropolitanos, Brazil Great Southern Railway, Ferrocarril Transandino, Saudi Railway Company, Israel Railways Ltd. Iraq Republic Railways Co., Middle East Rail, Turkish State Railways (TCDD), Arabian Railway Company, Egyptian National Railways (ENR), Transnet SOC Ltd
IVF Services Market 2024 Key Insights:
• The ivf services market size is expected to see strong growth in the next few years. It will grow to $27.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
• Rising Infertility Rates Drive Growth In The In Vitro Fertilization (IVF) Services Market
• Enhancing IVF Success With The Role Of Platelet-Rich Plasma (PRP) In Addressing Recurrent Implantation Failures
• Western Europe was the largest region in the IVF services market in 2023
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