The Global In Vitro Fertilization (IVF) Market is experiencing significant growth due to several factors. Rising infertility rates, increasing awareness and acceptance of IVF as a viable treatment option, advancements in assisted reproductive technology, and growing medical tourism are driving the market's expansion. Additionally, supportive government initiatives, improvements in reimbursement policies, and advancements in genetic testing and screening techniques are further contributing to market growth.
According to Data Bridge Market Research, the global in vitro fertilization market is to grow at a CAGR of 9.72% in the forecast period of 2022 to 2029.
“Increasing awareness about infertility and the availability facilitate market growth”
The increasing awareness about infertility and the availability of in vitro fertilization (IVF) procedures act as major drivers in the global IVF market. As more individuals and couples become aware of their fertility challenges, they are seeking out IVF as a viable solution. The advancements in reproductive technologies, coupled with the success rates of IVF procedures, have contributed to the growing acceptance and demand for IVF treatment. Additionally, the increasing prevalence of lifestyle factors such as delayed pregnancies and lifestyle choices are leading individuals to consider IVF as an option. The expanding awareness and acceptance of IVF as an effective infertility treatment are driving the growth of the global IVF market.
What restraints the growth of the global in vitro fertilization market?
“Restrictive regulations”
Restrictive regulations act as a significant restraint in the global in vitro fertilization (IVF) market. Different countries have varying regulations and guidelines surrounding IVF procedures, donor selection, embryo transfer, and preimplantation genetic testing. These regulations often impose restrictions on the number of embryos that can be transferred, the use of certain techniques or technologies, and the eligibility criteria for couples seeking IVF treatment. The complexity and variation in regulatory frameworks across countries can create barriers to access and limit the availability of certain advanced IVF procedures. Harmonization of regulations and streamlining of guidelines can help alleviate these restraints and ensure consistent and ethical practices in the global IVF market.
Segmentation: Global In Vitro Fertilization Market
In vitro fertilization market is segmented on the basis of type, product, type of cycle, end-users, and instruments.
- On the basis of type, the in vitro fertilization market is segmented into conventional IVF and IVF with ICSI.
- On the basis of product, the in vitro fertilization market is segmented into reagents and equipment.
- On the basis of type of cycle, the market is segmented into fresh non-donor IVF cycles, frozen non-donor IVF cycles, frozen donor IVF cycles, and fresh donor IVF cycles.
- On the basis of end-users segment in vitro fertilization market is segmented into fertility clinics and surgical centers, hospitals and research laboratories, and cryobanks.
- On the basis of instruments, the in vitro fertilization market is segmented into IVF culture media, incubators, cryosystem, IVF cabinet, ovum aspiration pump, sperm aspiration pump, micromanipulator, and other instruments.
Regional Insights: North America dominates the Global In Vitro Fertilization Market
North America's dominance in the market can be attributed to the presence of leading players and advanced healthcare infrastructure in the region. The presence of established fertility centers, research institutions, and pharmaceutical companies contributes to the market's growth. North America also benefits from a high level of awareness about infertility treatments and the availability of advanced assisted reproductive technologies.
On the other hand, Asia-Pacific is expected to exhibit rapid and lucrative growth in the forecast period. The region has witnessed significant medical advancements in infertility treatments and reproductive medicine. The rising rate of infertility, changing lifestyles, and delayed pregnancies in the region contribute to the demand for fertility treatments. Additionally, increasing healthcare expenditure, improving accessibility to healthcare services, and the growing awareness about infertility solutions further fuel the market growth in Asia-Pacific.
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The Prominent Key Players Operating in the Global In Vitro Fertilization Market Include:
- CooperSurgical, Inc. (U.S.)
- Vitrolife (Sweden)
- Cook (U.S.)
- FUJIFILM Irvine Scientific (U.S.)
- Thermo Fisher Scientific (U.S.)
- Merck KGaA (Germany)
- Clinic Scanfert (Russia)
- Bangkok IVF Center (Thailand)
- Advanced Reproductive Care (U.S.)
- BFC Forex & Financial Services Pvt. Ltd. (India)
- CARDONE Industries (U.S.)
- CHA Fertility Center (South Korea)
- Gaudium IVF & Gynae Solutions (India)
- EQT AB (Sweden)
- EUVITRO S.L.U. (Spain)
- Genea Limited (Australia)
- ICRM (Spain)
- Panama Fertility (Panama)
- KL FERTILITY CENTRE (Malaysia)
- Monash IVF Australia (Australia)
- RAPRUI S.r.l. (Italy)
- SAFE FERTILITY CENTER (Greece)
- IVFtech ApS (Denmark)
- KITAZATO CORPORATION (Japan)
- Rocket Medical Plc. (U.K.)
- Nikon Corporation (Japan)
- Laboratoire CCD (France)
- Boston IVF (U.S.)
- Ferring B.V. (Netherlands)
Above are the key players covered in the report, to know about more and exhaustive list of global in vitro fertilization market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global In Vitro Fertilization Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
