In-Vitro Fertilization Market Size to Surpass USD 33 BN by 2030

The global in-vitro fertilization market is expected to grow at 8.6% from 2021 to 2030 and it is projected to surpass around USD 33 Billion by 2030.

About 8 to 10% of the couples globally suffer with infertility, according to the report generated by WHO and it is about 80 million couples worldwide. The average age of the couples having their first child is also increasing Leading to an increased number of women seeking IVF treatment, increased disposable income helps to adopt the IVF procedures and the good success rate of IVF techniques are the reasons for the growth of this market.

Get the sample copy of report@ https://www.precedenceresearch.com/sample/1501

Regional Snapshot

North American market dominates due to the presence of various leading players in this region. The regulatory reforms, standardization of procedures and the government funding for sperm and egg storage are all the reasons why the IVF treatments are increasing in North America.

Due to medical enhancements and increased rate of infertility in the Asia Pacific region, this area is also expected to show a good market growth. Due to foreign investment and fertility tourism in the IVF Technology it shall penetrate the economically developing countries and change the regulations. The increased use of IVF techniques in the Asia Pacific markets are due to the changes in lifestyles increased obesity, stress, improper eating habits, lack of nutrition, lack of exercise and an increasing pollution. The European market is expected to grow owing to medical, tourism and legal revisions which are related to the IVF technology.

Scope of the Report

Request here for customization@ https://www.precedenceresearch.com/customization/1501

Market Dynamics

Drivers

There are many factors driving the market for the In-Vitro fertilization, the increase in the median age of the first time mothers is one of the reasons. The other reasons are the declining fertility rate, the increasing number of fertility clinics worldwide, infertility in the males is on the rise. Apart from all these reasons, the obesity and consumption of alcohol also happen to be the drivers of the in vitro fertilization market. Due to technological advancements, product innovations in the IVF devices, the market is expected to grow during the forecast. There are many investments from the government into the research and development in this field. And many initiatives are taken by the government in order to promote the IVF treatments.

Restraints

Although there are a lot of advancements in the procedures of the IVF but since the procedures are lengthy and methodical, high costs are associated with the IVF procedures. The expensive nature of the IVF procedures happens to be a major growth restraint. There are various restrictive regulations from the government, and it is very difficult to follow these regulations at times, so this also happens to hinder the growth of this market.

Opportunities

During the forecast period, major opportunities will come in the fertility services market, depending upon the procedure of the assisted reproductive technology segment achieving a healthy baby and a successful pregnancy is the advantage of the IVF, which can become a reality for people who were otherwise be unable to have a baby. So this happens to be another opportunity in this market. The medical tourism industry is also emerging in many countries, leading to a growth in the market for the in vitro fertilization or other fertility treatments, India is one of the most affordable destinations.

Challenges

IVF treatments are usually very effective in majority of the couples across the world. But due to advancing age of the couples, there is a reduced efficiency of the IVF treatments amongst the patients. So this happens to be a major challenge in the growth of this market. There is a risk of complications in the pregnancy and the childbirth as the age of the woman increases.

Report highlights.

• On the basis of the products, the equipment segment is expected to witness a high growth during the forecast. Due to a growth in the number of IVF procedures and the introduction of advanced IVF equipment’s in this field has led to a growth in the market.
• On the basis of the type of cycle, the fresh non donor segment is expected to have a largest market share. It provides ease in the implantation process and high success rates due to which there is an enhanced embryo production leading to a good success rate.
• On the basis of the type of the segment, the ICSI and the IVF segment had the largest market growth and it is expected to grow during the forecast. There’s a growth in the utilization of the ICSI and IVF procedure due to the success rate of fertilization.
• On the basis of the end user, the fertility Clinic segment is expected to grow during the forecast. The growing popularity of IVF and ICSI treatments globally, the government initiatives in order to establish the fertility clinics and government providing specialized health care helps in the rapid growth of this segment.

Browse more related reports@ https://www.precedenceresearch.com/industry/healthcare

Recent Developments

• In order to replace the traditional operations in the IVF facilities, an IVF tech firm, multiply, launched an Artificial intelligence based platform in December 2021.
• Merck KGAa and Royal Philips entered into a partnership to develop digital solutions for fertility treatments that are personalized for the couples.
• An artificial intelligence tool called Ivy was developed by an Australian scientist in order to identify an embryo for the best chance of pregnancy in couples with a history of miscarriages or low fertility rate and low embryo quality. PICSI technique is recommended. Such technological advancements have led to a growth in the market.
• Prime tech andVitrolife entered into a collaboration agreement in order to design the Piezo technique for better ICSI procedure in human IVF in the year 2019 for all the countries except for Thailand, Japan and Malaysia.

Market Segmentation

By Product Type

• Fresh Donor
• Fresh Non-Donor
• Frozen Donor
• Frozen Non-Donor

By End User

• Fertility Clinics
• Surgical Centers
• Hospitals
• Research Institutes

By Instrument

• Culture Media
• Disposable Devices
• Capital Equipment

By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Click Here to View Full Report Table of Contents

Buy this Research Report@ https://www.precedenceresearch.com/checkout/1501

You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 9197 992 333