Increasing Awareness of the Availability of In Vitro Fertilization Procedures - In Vitro Fertilization Market Expected to Grow with a CAGR 8.8% from 2022 to 2028
As stated in our extensive report; providing insights on Key Drivers, Key Restraints, Segments (i.e., By Application, and Packaging Type); the Global In Vitro Fertilization Market accounted for USD 617.5 Million in the year 2021.
Rising tourism and the growing cases of male and female infertility are the important elements of the market's increase. Infertility is one of the important fitness issues confronted with the aid of using people globally. According to the WHO, 8%–10% of couples globally suffer from infertility, which is around eighty million couples worldwide. According to the American Pregnancy Association, male infertility accounts for 30% of infertility instances and contributes to around 1/5th of infertility instances. The common age of males and females getting married and having their first baby is growing. This fashion has increased the variety of women looking for the In Vitro Fertilization (IVF) remedy. Also, the percentage of women who're deliberately delaying pregnancies past the age of 35 has been growing in the last few years.
Infertility is normally due to a postponement in becoming pregnant. In many instances, not on-time pregnancies bring about being pregnant-associated headaches and an elevated danger of infertility. The growing variety of not-on-time pregnancies is contributing to the elevated use of IVF strategies. Hence, the main focus is to increase attention to the IVF generation and improve the market share. However, the market's increase is predicted to be constrained over the forecast duration because of the headaches related to IVF and the related socio-ethical issues.
The growing attention to advance in vitro fertilization (IVF) strategies, growing fulfillment IVF fees, and issues because of the late onset of being pregnant have inspired the call for in vitro fertilization strategies throughout the world. Furthermore, many women freeze their eggs to have a child later in life. The growing dependence on fertility remedies will aid the market increase. The availability of budget is the main reason for an upward push in the adoption of IVF procedures. To improve the success rate of IVF, methods such as Testicular Sperm Extraction (PESA and TESE) are being incorporated into the development of new products. Also, the infertility remedy toolkit is being pushed with the aid of using elements consisting of newly opened fertility facilities and compensation regulations for infertility remedies.
Asia Pacific holds the largest share in the In Vitro Fertilization Market and is expected to continue this trend in the forecast period. This is due to the rising medical tourism and legal revisions related to IVF techniques in the region.
Some of the key players in the Global In Vitro Fertilization Market include- The Cooper Companies Inc. (US), Cook Group (US), Vitrolife (Sweden), Thermo Fisher Scientific Inc. (US), Esco Micro PTE. Ltd. (Singapore), Genea Limited (Australia), IVFtech ApS (Denmark), FUJIFILM Irvine Scientific (US), The Baker Company Inc. (US), Kitazato Corporation (Japan), Rocket Medical plc (UK), Hamilton Thorne Ltd. (US), ZEISS Group (Germany), Fertipro NV (Belgium), Gynotec B.V. (Netherlands) and others.
Browse the full Report - In Vitro Fertilization Market Size, Share & Trends Analysis Report by Product (Equipment, Reagents & Media, Accessories), by Cycle (Fresh Non-donor IVF Cycles, Frozen Non-donor IVF Cycles, Frozen Donor IVF Cycles, Fresh Donor IVF Cycle), by Type (Conventional IVF, IVF with ICSI, IVF with Donar Eggs, Others), by End User (Fertility Clinics, Hospitals & Surgical Centers, Cryobanks, Research Institutes), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)