The Infinium Global Research analyzes the In-Vitro Fertilization Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global in-vitro fertilization market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of in-vitro fertilization. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the in-vitro fertilization market during the period. The global in-vitro fertilization market is projected to grow at a CAGR of 6% over the forecast period of 2018-2024.
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Improving Health Care Infrastructure and Favorable Healthcare Cost are Driving the Growth of the Market
In-Vitro fertilization is the process of artificial fertilization used to treat infertility or genetic problems worldwide. In this process egg and sperm are combined manually in a laboratory and then embryo(s) is transferred to the uterus with the objective of establishing a successful pregnancy. This is the most effective assisted reproductive technology that helps couples or single parents across the world. This process is used for infertility treatment and gestational surrogacy in which a fertilized egg is inserted into a surrogate's uterus and the child is genetically unrelated to the surrogate.
Improving health care infrastructure and favorable healthcare cost are driving the growth of the market. Further, the market growth is attributed by the reduced conceiving rates mainly in women aged 40 years or more, ovulation disorder, damaged or blocked fallopian tube, premature ovarian failure, impaired sperm production or function and unexplained infertility are the factors, further leading to the market growth. Growing number of men and women who are focusing on their career are freezing their eggs/sperms to have the child some years later.
Further government funding to encourage egg/sperm freezing and provide with a chances of multiple pregnancies, technological advancements that allow analysis of the genetic disorder, and various industrial revolutions are expected to boom the market growth. Additionally, delay in pregnancies in many cases leads to pregnancy-associated complications and increase the chance of infertility thus, results in the adoption of in-vitro fertilization which boost the market growth. However, on the flip side high cost involved in in-vitro fertilization may hamper the growth of this market.
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Asia Pacific Region Accounts for the Largest Market Share of the In-Vitro Fertilization Market
Among the geographies, the Asia Pacific region accounts for the largest market share of the in-vitro fertilization market followed by Europe. In Asia Pacific region factors such as an increase in the median age of the first time motherhood, rising prevalence of PCOS, growth in fertility tourism, increasing infertility rates and government initiatives are driving the growth of in-vitro fertilization market in this region. Further, in Europe region, growing demand for the fertility treatment is boosting the growth in this market.
Segments Make up the In-Vitro Fertilization Industry
The report on global in-vitro fertilization market covers segments such as, instrument, technology and end-user. On the basis ofinstrument, the global in-vitro fertilization market is categorized into cabinet, micromanipulator, incubators, sperm aspiration pump and ovum aspiration pump. On the basis oftechnology, the global in-vitro fertilization market is categorized into preimplantation genetic diagnosis and intra-cytoplasmic sperm injection. On the basis of end-user the global in-vitro fertilization market is categorized into hospitals, fertility clinics and cryobanks.
Key Players in the In-Vitro Fertilization Market
The report provides profiles of the companies in the global in-vitro fertilization market such as, Cook Medical Inc., Hamilton Thorne, Inc., Laboratoire CCD, Nidacon International AB, Thermo Fisher Scientific Inc., Coopersurgical Inc., Irvine Scientific, Merck KGaA, Nikon Corporation and Vitrolife AB.
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- Comprehensive analysis of global as well as regional markets of the in-vitro fertilization.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.