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IVF Market Size to Reach USD 36.39 Billion by 2026; Rising Cases of Infertility Among Males to Help Market Gain Impetus

February 19, 2020 | Healthcare

The global in vitro fertilization (IVF) market size is estimated to reach USD 36.39 billion by the end of 2026 on account of rising awareness about IVF procedures and increasing success rates of the same, worldwide. This information is provided in a recent report by Fortune Business Insights™. The report is titled, “In Vitro Fertilization (IVF) Market Size, Share & Industry Analysis, By Type (Conventional IVF, and IVF with ICSI), By Procedure (Fresh Non-donor, Frozen Non-donor, Fresh Donor, and Frozen Donor), By End User (Hospitals, and Fertility Clinics) and Regional Forecast, 2019-2026.” As per this report, the market was worth USD 16.89 billion in 2018 and is prognosticated to exhibit a CAGR of 10.1 % between 2019 to 2026.


More Information from Statistics



  • National Survey of Family Growth (NFSG) published a data in 2018 stating the fact that about 6.7% women aged between 15 to 44 years suffer from infertility.

  • National Center for Biotechnology Information (NCBI) states in their 2015 report that an estimate of 15.0% of couples worldwide are infertile. Among this, male partners account for 30% of infertile cases.

  • Oxford Journal published a study on fertility eggs. It stated that out of all the fertility cycles performed in the U.K., about 19.0% result in live birth if the egg that is used for the process, was never frozen.


To Get the detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/in-vitro-fertilization-ivf-market-102189


Rising Number of Infertility Cases Among People to Promote Market Growth


The advent of industrialization, modernization, and urbanization in world have brought about  major changes in the lifestyle of people. Couples of this generation are more career-oriented and therefore, they tend to postpone pregnancy. The rising trend of delayed pregnancies often results in complications and runs life risk for both the mother and the child. Thus, people opt for IVF for a safe and sound family planning. Analysts at Fortune Business Insights™ state, “the increasing trend of delaying pregnancy, coupled with rising cases of infertility, are likely to boost the in vitro fertilization market growth”. Additionally, government-supported awareness programs and reimbursement policies will constitute an increase in the overall IVF market size in the coming years.


On the contrary, high expenditure related to IVF treatment procedures may pose a major challenge to the overall IVF market growth. This, coupled with the risk of life and complexities to the patient, may also cause hindrance to the in vitro fertilization market growth. Nevertheless, government-supported awareness programs and reimbursement policies are promoting the in vitro fertilization market growth and expected to create lucrative opportunities in the near future.


Rise in Medical Tourism Cases to Bode Well for Companies Offering Inexpensive Treatment Procedures


Pelargos IVF, Boston IVF, and Monash IVF have collectively acquired the dominant in vitro fertilization market share This is on account of the presence of highly qualified doctors and nursing staff providing quality service to patients. Besides this, market vendors such as Bangkok IVF Center and Bloom IVF Center are trying to turn tables in their favor by reducing the overall cost of in vitro fertilization treatment. Less treatment cost will urge consumers to opt for the treatment and thus help the small players give tough competition to the major vendors. This, coupled with the increasing medical tourism for IVF treatment, is likely to intensify the market competition on one hand and attract high in vitro fertilization market revenue on the other.


Major Industry Developments of the Image Sensors Market:



  • May 2019 – A major stake in Boston IVF was acquired by NMC Health plc. with an objective of constructing the most experienced and diversified fertility network in the world.


Key In Vitro Fertilization Market Manufacturers include:



  • Shady Grove Fertility

  • Boston IVF

  • Group Ambroise Paré Clinic

  • Monash IVF

  • Bangkok IVF center

  • Pelargos IVF

  • Bloom IVF Centre

  • Ovation Fertility

  • RSMC

  • Other service providers


Further Report Findings



  • Europe earned the highest in vitro fertilization market share with a revenue of USD 7.57 billion in 2018. This is attributable to the rising prevalence of infertility and increasing success rate of IVF treatment in the region.

  • North America will witness a steady growth on account of high cost associated with IVF & ICSI treatment in the region. Asia Pacific will witness to rise at high CAGR on account of rising awareness about infertility and less cost associated with this treatment in the developing nations.

  • Based on segmentation by end user, the market is dominated by fertility clinics segment. This is owing to the rising number of IVF procedure in fertility clinics, and presence of specialized staff providing accurate care to the patients.


The global In Vitro Fertilization Market is Categorized into:











































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD billion)



Segmentation



By Type



  • Conventional IVF

  • IVF with ICSI



By Procedure



  • Fresh Non-donor

  • Frozen Non-donor

  • Fresh Donor

  • Frozen Donor



By End User



  • Hospitals

  • Fertility Clinics



By Geography



  • North America (the U.S. and Canada)

  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and the Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and the Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and the Rest of Middle East & Africa)



 

In Vitro Fertilization (IVF) Market
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