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.
An increasing prevalence of infertility is leading to increasing demand for IVF procedure and thereby is driving the market growth. Additionally, the increasing trends of assisted reproductive technology and favorable government initiatives to increase the accessibility of infertility treatment are further driving the growth of the market. However, some factors are restraining the market growth include high cost associated with the treatment, and the risk associated with the IVF treatment such as multiple births, miscarriage, egg-retrieval procedure complications, premature delivery and low birth weight, and ectopic pregnancy, among others. However, the expansion of infertility clinics is offering an opportunity for market growth.
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Market Coverage
- Segment Covered-
o By Procedure Type
o By Product
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- CooperSurgical, Inc., Vitrolife AB, Thermo Fisher Scientific Inc., Merck KGaA, and Fujifilm Holdings Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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
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