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IVF Services Market: Magnificent Growth, Key Drivers, and Future Trends
IVF Services Market
What Is The Projected Market Size Of The Global IVF Services Market And Its Growth Rate?
• The IVF services market size has grown rapidly in recent years. It will grow from $19.19 billion in 2024 to $21.3 billion in 2025 at a CAGR of 11.0%.
• The growth in the historic period was largely due to factors such as increased prevalence of polycystic ovary* syndrome (PCOS), more cases of premature ovarian failure, increasing rate of male infertility and insurance coverages for IVF procedures.
• The IVF services market size is expected to experience robust growth in the next few years, reaching $30.87 billion in 2029 at a CAGR of 9.7%.
• The growth in the forecast period can be attributed to factors such as rising infertility rate, technological developments in fertility treatments, growing adoption of IVF services to aid in pregnancy, increasing number of same-sex couples, increase in number of fertility clinics, rise in disposable income and societal trends towards late parenthood.
What Is Driving The Growth In The IVF Services Market?
The growth in the in vitro fertilization (IVF) services market can be largely attributed to the rising infertility rate. Infertility, defined as the inability to conceive within 12 months, has been increasing globally. According to data from the US Department of Health and Human Services, approximately 12 to 13 in every 100 couples have a problem in conceiving. The Indian Journal of Community Medicine further indicates that there are 15 to 20 million cases of infertility in India alone. The rising infertility rate has led to an increased reliance on IVF services, which in turn is contributing to the growth of the market.
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Who Are the Key Players Driving IVF Services Market Growth?
• Monash IVF Group
• Virtus Health Limited
• Chelsea and Westminster Hospital NHS Foundation Trust
• Genea Limited
• Boston IVF
• IVF Spain
• Morpheus Life Sciences Pvt. Ltd.
• Dünya IVF
• Cardone Reproductive Medicine & Infertility LLC
• Cloudnine Fertility
• Sun Pharmaceuticals Industries Ltd.
• Cadila Healthcare Ltd.
• Trivector Origio Scientific
• Lab IVF Asia Pte Ltd.
What Are The Key Trends In The IVF Services Market?
• Increasing provision of mitochondrial replacement therapies to potentially overcome genetic disorders.
• Adoption of new technologies and solutions for fertility treatment seekers.
• Increased offering of PGT-A screening or testing programs to potentially increase the chances of pregnancy.
• Artificial intelligence usage to reduce costs and time.
• Implementation of blockchain-based applications and adoption of advanced technologies such as time-lapse microscopy to follow embryos safely.
What Are The Segments Of The Global IVF Services Market?
1) By Cycle Type: Fresh IVF Cycles(Non-donor), Thawed IVF Cycles(Non-donor), Donor Egg IVF Cycles
2) By Service Provider: Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes
3) By End User: Fertility Clinics, Hospitals And Other Settings
Which Region Leads The IVF Services Market?
Western Europe was the largest region in the IVF services market in 2024, with North America taking the second largest market share. The regions covered in the IVF services market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The IVF Services Market Global Market Report?
- Market Size Analysis: Analyze the IVF Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IVF Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall IVF Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IVF Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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