Rising Infertility Among Men and Women to Facilitate the Growth of In Vitro Fertilization Market with a CAGR of 10.3% During 2019-2027
Research
Nester released a report titled “In
Vitro Fertilization Market: Global Demand Analysis & Opportunity
Outlook 2027” which delivers detailed overview of the global in vitro
fertilization market in terms of market segmentation by product, by end user
and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
The in
vitro fertilization market is anticipated to record a CAGR of around 10.3% over
the forecast period, i.e., 2019-2027. The market is segmented by product, by
end user and by region, out of which, the product segment is further divided
into culture media, incubators, cryosystem, IVF cabinets and others. Based on
product, the culture media segment is estimated to hold a substantial share in
the market on account of increasing research and development activities by
government as well as private institutes. Further, the end user segment is
divided into hospitals, fertility clinics and others, out of which the
fertility clinics segment is estimated to observe the highest growth over the
forecast period. According to the Human Fertilisation and Embryology Authority,
more than 1,100,000 IVF treatment cycles have taken place in UK licensed
clinics between 1991 and 2016. Therefore, the growth can be attributed to the
presence of a large number of fertility clinics.
Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-2128
The
market for in vitro fertilization in Europe is anticipated to observe the
highest growth rate during the forecast period as a result of rising demand for
IVF treatments in the region. The advances in technology which leads to the development
of new and improved IVF treatments and other assisted reproductive technology
is another significant factor estimated to be responsible for the market
growth. The market in Asia Pacific is estimated to grow at the highest rate
during the forecast period on account of rising awareness among people about
the availability and convenience of various IVF treatments.
Growing Infertility Rates to Drive the Market
Growth
According to the Centers for
Disease Control and Prevention, PCOS affects around 6% to 12% of women, i.e.,
about 5 million women in the United States every year.
The
growing awareness among people about IVF procedure for treating cases of
infertility is anticipated to become a key factor for the market growth in the
upcoming years. Infertility is increasingly being caused by hormone-affecting
health conditions such as Polycystic Ovary Syndrome or PCOS, which further
raises the demand for in vitro fertilization. However, the high cost of this treatment
and the health risks and complications associated with it are predicted to restrict
the market growth.
This
report also provides the existing competitive scenario of some of the key
players of the global in vitro
fertilization market which
includes company profiling of CARE Fertility, Vitrolife, LG Chem,
Hunter Scientific Limited, Illumina, Inc., Genea Biomedx, LabIVF Asia Pte Ltd.,
IVF Store, Swerea AB and INVO Bioscience. The profiling enfolds key
information of the companies which encompasses business overview, products and
services, key financials and recent news and developments. On the whole, the
report depicts detailed overview of the global
in vitro fertilization market that
will help industry consultants, equipment manufacturers, existing players searching
for expansion opportunities, new players searching possibilities and other
stakeholders to align their market centric strategies according to the ongoing
and expected trends in the future.
About Research
Nester
Research
Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market
research and consulting with an unbiased and unparalleled approach towards
helping global industrial players, conglomerates and executives for their
future investment while avoiding forthcoming uncertainties. With an
out-of-the-box mindset to produce statistical and analytical market research
reports, we provide strategic consulting so that our clients can make wise
business decisions with clarity while strategizing and planning for their
forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new
horizon, provided a right guidance at a right time is available through
strategic minds.
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