IVF Services Market

SKU: DMMD1044 | Last Updated On: Sep 25 2022 | Available Formats

>IVF Services Market Expected to reach a high CAGR By 2029 : DataM Intelligence

IVF Services Market is segmented By Cycle Type (Fresh IVF Cycles, Thawed IVF Cycles, Donor Egg IVF Cycles), By End-User (Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

[150 Pages Report] The IVF Services Market is expected to grow at a high CAGR 16.3% during the forecasting period ( 2022-2029).

IVF Services Market - Strategic Insights

Metrics

Details

Market CAGR

16.3%

Segments Covered

By Cycle Type, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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  • IVF (In-vitro fertilization) is an Assisted Reproductive Technology (ART) where an egg and sperm are fertilized outside the body to develop an embryo. It is also used when a woman has problems associated with ovulation, fibroids, polycystic ovarian syndrome, endometriosis, and cervical issues or when the reasons for infertility are unclear.

Market Dynamics

  • The global market for the IVF Services market is primarily driven by rising infertility rates, increasing delayed pregnancies, a surge in IVF success rates, and rising disposable income globally. According to the American Society for Reproductive Medicine (ASRM), infertility affects around 6.7 million women in the U.S, which accounts for around 11.0% of the reproductive population in 2018. Ina addition, 25% of the couples have more than one factor leading to infertility.
  • However, high cost of IVF services, low awareness, and complications associated with IVF treatment are some of the factors restraining the growth of the IVF services market.

Market Segmentation

  • Based on cycle type, the global market for IVF Services is segmented into fresh IVF cycles (non-donor), Thawed IVF cycles (non-donor), and donor egg IVF cycles. Among these, Fresh IVF cycles (non-donor) segment accounted for the largest market share in 2018 due to its high success rate in the first attempt. Thawed IVF cycles (non-donor) segment is growing at the fastest rate during the forecast period as procedure can be performed in complicated cases such as on a patient suffering from Ovarian Hyperstimulation Syndrome (OHSS). In addition, the procedure reduced the case of ectopic pregnancy, gives a better implantation rate, higher live birth rate, which are driving the demand for the procedure globally.
  • Based on end-users, the market is classified into hospitals, fertility clinics, surgical centers, and clinical research institute. Among these, fertility clinics segment accounted for the largest market share in 2018 due to rising demand for ART treatments, the number of fertility clinics and assisted reproductive technology (ART) centers is increasing considerably.

Geographical Analysis

  • The North America region occupied the largest market share of the global IVF services market in 2018 and is estimated to dominate over the forecast period.
  • The Asia-Pacific region is expected to have highest growth rate during the forecast period with China, Japan, and India being the main contributors. The Asia-Pacific IVF services is growing due to low cost of treatment as compared to developed regions, and availability of advanced technology. The Asia Pacific Initiative on Reproduction (ASPIRE), a task force of clinicians and scientists involved in the monitoring and management of fertility and ART. Thus, such organizations are promoting awareness regarding ART and infertility in the Asia-Pacific region.

Competitive Analysis

  • Key players are adopting strategies such as mergers and acquisitions, partnerships, and regional expansion to stand out as strong competitors in the market. New product launches along with an increased focus on R&D are other ways the leading players improve their market presence. For instance, In July 2018, Merck, a leading science and technology company, launched QBOX IVF, and the new Geri® Assess 2.0, to become the preferred treatment partner for all IVF stakeholders and assisted reproductive treatment (ART) clinics.
  • Few of the major contributors for IVF services market are Heidelberg University Hospital, Cyprus IVF Centre, Life sure Fertility & Gynaecology Centre, Gynaecoloqisch Centrum, BFC Biofertility Center, Servy Massey Fertility Institute, IVF NAMBA Clinic, Southend Fertility, and IVF Centre, EMD Serono, Inc. and Clnica EUGIN Barcelona, among others.

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FAQ

What is the IVF Services Market growth?

The market is growing at a CAGR of 16.3%

What is IVF Services Market size in 2021

The IVF Services Market size was valued at USD YY million in 2021

Who are the key players in IVF Services Market?

BFC Biofertility Center, Servy Massey Fertility Institute, IVF NAMBA Clinic, Southend Fertility

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