Overview
The global in vitro fertilization market, during the forecast period 2020 to 2028, will register growth at a CAGR of 6%. The market for in vitro fertilization is set to reach US$ 33 Billion by 2028. As per market analysts, the global market is anticipated to witness growth owing to the factors such as robust regulatory frameworks as well as high average conception age. However, the in vitro fertilization market will face challenges and restraints due to high cost of treatment and the absence of reimbursement policies during the forecast period 2021 to 2028.
Progressive technology availability in the market is set to play a key role in determining the growth potential during 2021 to 2028 years. Analysts have also studied the market to understand potential threats and challenges the market companies could face. Although the in vitro fertilization market is poised to grow at a fast pace across type, reagents, device, and end-users segments, factors such as the astronomical price of assisted reproductive techniques could slow down the market's growth worldwide.
Market Segmentation
The in vitro fertilization market has been segmented into type, reagents, device, and end-users. Based on the segment which is type, the market is categorized on the basis of intracytoplasmic sperm injection, intrauterine insemination, IVF using donor eggs. The global market for in vitro fertilization is further segmented based on reagents into cryopreservation media, embryo culture media, ovum processing media, and sperm processing media. Furthermore, the market, on the basis of devices, is segmented into cryosystem, imaging systems, micromanipulator, ovum aspiration pump, and sperm separation system. Based on the segment which is end-users, the in vitro fertilization market is categorized on the basis of clinical research institutes, fertility clinics, and hospitals.
The global in vitro fertilization market research report covers all the aspects of the market based on the segmental analysis of these type, reagents, device, and end-users segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The type, reagents, device, and end-users segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the in vitro fertilization market.
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Regional Overview
The high cost of IVF treatment may hinder the market growth. The in vitro fertilization market research report suggests that companies in the market could be supported by surge in fertility medical tourism as well as the low cost for superior healthcare amenities during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional markets will dominate the global in vitro fertilization market during the forecast period 2021 to 2028. As per market analysts, the market is set to witness tremendous growth across intrauterine insemination (IUI) and hospital segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the in vitro fertilization market are also analyzed and studied in the market research report.
The in vitro fertilization market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The market report covers all such regions including the Middle East, Africa, Brazil, and others.
Competitive Landscape
In vitro fertilization has seen increased demand over the years, due to the intensification of infertility cases and fertility tourism in developing countries. Companies functioning in the global market are also being challenged due to the absence of insurance coverage and high treatment cost. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2021 to 2028. The report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2023. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the in vitro fertilization market report. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2021 to 2028.
Industry News
The Fertility Partners, one of Canada's largest platforms of fertility practises, announced today the addition of two new facilities to their system: Aurora Reproductive Care as well as Kelowna Regional Fertility Centre (KRFC). The Fertility Partners was founded in 2019 and has rapidly established itself as the go-to business partner for Clinicians and Researchers, rendering it the nation's fastest-growing platform for fertility therapies and related services. The Fertility Partners network includes world-renowned doctors, Embryologists, which Andrologists, and encompasses all areas of clinical technology as well as a broad variety of laboratory diagnostics.
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