The IVF services market in emerging markets has witnessed significant growth, as the prices of IVF services are lower when compared to the developed countries.
The IVF services market in emerging markets has witnessed significant growth, as the prices of IVF services are lower when compared to the developed countries.
The global IVF services market generated $12.5 billion in 2018 and is projected to reach $25.6 billion by 2026, growing at a CAGR of 9.3% from 2019 to 2026.
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 income worldwide drive the growth of the IVF services market globally. However, the In vitro fertilization services market growth is restricted by higher cost, complications associated with IVF treatment, and low awareness level for IVF in some underdeveloped regions.
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COVID-19 scenario:
- Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.
- However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.
- Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.
Based on cycle type, the IVF market is bifurcated into fresh cycle (non-donor), thawed IVF cycle, and donor egg IVF cycles. Fresh cycle segment is major revenue contributor and is expected to dominate the market during the forecast period. This is attributable to the high success rate of fertilization when using fresh eggs for IVF procedures. However, thawed IVF cycle is expected to be the fastest growing segment during the forecast period as these cycles have better success rate in complicated cases such as women suffering from ovarian hyperstimulation syndrome, and so forth.
Depending on end user, the global IVF services market is dominated by the fertility clinics segment and is estimated to continue this trend during the forecast period, due to low cost of treatment and increase in number of fertility clinics. Moreover, the availability of state-of-the-art equipment and presence of specialized healthcare professionals help to increase the demand for IVF services in fertility clinics.
Key Finding of The IVF Services Market:
- Thawed IVF cycle (non-donor) segment is expected to grow at a significant CAGR of 10.7% (in terms of value) from 2019 to 2026.
- U.S. generated the highest revenue in the global IVF services market in 2018, accounting for one-fourth of the global In vitro fertilization services market.
- In terms of volume, the Asia-Pacific region witnessed the highest number of IVF treatments, accounting for nearly half of the global IVF cycles in 2018, and is expected to remain dominant during the forecast period.
- Asia-Pacific is expected to register the highest CAGR of 12.0% (in terms of value) throughout the forecast period.
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The Major Key Players Are:
Heidelberg University Hospital, Houston Fertility Center, International Centre for Reproductive Medicine, ICRM, IVF Canada, IVF NAMBA Clinic, IVF Panama Center for Reproduction Punta Pacífica, IVF Spain, IVI Panama, Ivinsemer, KL Fertility & Gynaecology Centre, Lifesure Fertility and Gynaecology Centre, LIV Fertility Center, Manipal Fertility, Maria Fertility Hospital, MD Medical Group, Medfem Fertility Clinic, Monash IVF Wesley Hospital Auchenflower, Morpheus Life Sciences Pvt. Ltd., New hope fertility center, Oak Medical Group/Oak Clinic, OVA IVF Clinic Zurich, Procrea Fertility, RAPRUI Srl, Repromed, SAFE Fertility Center, Sanno Hospital, Servy Massey Fertility Institute, Shanghai Ji Ai Genetics & IVF Institute, Shanghai United Family Hospital, Sher Institute for Reproductive Medicine (SIRM), Southend Fertility and IVF, StorkKlinik (Stork IVF Clinic), The ARC-STER Center, The Bridge Centre, The Cape Fertility Clinic, The Hugh Wynter Fertility Management Unit, The Lister Fertility Clinic, The Montreal Fertility Center, Thomson Medical Pte. Ltd., Trianglen Fertility Clinic, TRIO Fertility, Virtus Health, Vitanova, VivaNeo - Medical Center Kinderwens, and Wunschkinder, Ambroise Paré Group, amedes MVZ Cologne GmbH, AMP Center St Roch, AVA Clinic Scanfert, Bangkok IVF center, Bangkok IVF center (Bangkok Hospital), Betamedics, Biofertility Center, Bloom Fertility and Healthcare, Bloom Fertility Center, Bourn Hall Fertility Center, Bourn Hall International, Cardone Reproductive Medicine and Infertility, LLC, Center for Advanced Reproductive Medicine and Infertility, CHA Fertility Center, Chelsea and Westminster Hospital (Assisted Conception Unit), Cloudnine Fertility, Conceptions Reproductive Associates of Colorado, Cyprus IVF Centre, Dansk Fertilitetsklinik, EUVITRO S.L.U., Fakih IVF Fertility Center, Fertility and Gynecology Center Monterey Bay IVF, Fertility Associates, Fertility Center Berlin, Fertility Center of San Antoni, Fertility First, FIV Marbella, Fivet Centers Prof. Zech, Flinders Reproductive Medicine Pty Ltd, Genea Oxford Fertility Limited.
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