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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
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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:
Key In Vitro Fertilization Market Manufacturers include:
Further Report Findings
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
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By Procedure
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By End User
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By Geography
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