The global in-vitro fertilization (IVF) market is growing at a significant CAGR of nearly 9.6% during the forecast period. The rising demand for infertility treatment has been witnessed owing to the rising number of couples suffering from infertility. As per the data published by the World Health Organization (WHO) in September 2020, between 48 million couples and 186 million individuals suffering from infertility globally. IVF is a series of procedure that is used for the treatment of several kinds of infertility, prevent genetic problems.
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Under IVF procedure, a woman’s egg and a man’s sperm are combined in a laboratory dish and then it is transferred to the uterus. Moreover, the expansion of infertility clinics and government initiatives to offer potential care IVF treatment to couples is offering an opportunity for market growth. For instance, in February 2020, the Indian government approved the bill after clearing the Medical Termination of Pregnancy (Amendment) Bill, 2020. India witnessed a rise in the assistive reproductive technology (ART) centres and the number of ART cycles performed annually. ART such as IVF has given hope to several persons with infertility, however, also launched a plethora of social, ethical, and legal issues. This, in turn, is driving the growth of the market.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Procedure Type
- By Product
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- CooperSurgical, Inc., Vitrolife AB, Thermo Fisher Scientific Inc., Merck KGaA, and Fujifilm Holdings Corp.
Global IVF Market Report Segment
By Procedure Type
- Frozen Donor
- Frozen Non-Donor
- Fresh Donor
- Fresh Non-Donor
By Product
- Reagents
- Equipment
- Software
By End-User
- Hospitals and Research Laboratories
- Fertility Clinics and Surgical Centers
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
