IVF Services Market Pegged for Robust Expansion by 2030
IVF Services Market is valued around USD 13.63 Billion in 2019 and expected to reach USD 35.53 Billion by 2030 with the CAGR of 9.1% over the forecast period.
In-vitro fertilization (IVF) is an assisted reproductive technique which involves the removal of ovum and sperm to fertilize it in artificial medium. It involves the stimulation of ovulation process for timely collection of ovum. IVF services allow infertile couples to have children by using such advance technology. The gametes can be collected from donor or the couple and it can also store by using different techniques.
Global IVF Services Market report is segmented on the basis of cycle type, end user and by regional. Based upon cycle type, the IVF services market is fragmented into Fresh IVF Cycles (Non-donor), Thawed IVF Cycles (Non-donor), and Donor Egg IVF Cycles. On the basis of end user, the market is categorized into Fertility Clinics, Hospitals, Surgical Centers, and Clinical Research Institutes. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.
The IVF services market is mainly driven by the constant growth in infertility rates among the young population linked with changing lifestyle as well as food habits. There has been technological advancement along with the developing healthcare facilities as well as growing disposable income. In addition, growth in various conditions among females such as PCOD, endometriosis & others may also affect the fertility level. There has been growing awareness among people along with high adoption rate. On the other hand, growth in fertility clinics as well as growth in success rates is also expected to promote the market growth. However, high cost followed by various complications associated with the IVF services may impede the market growth over the forecast period.
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The developed regions such as North America and Europe are expected to hold the major market share owing to the presence of developed facilities & technological advancement with changing lifestyle. Asia Pacific is expected to dominate the IVF services market in terms of growth rate owing to the growth in infertility rate among young population with changing lifestyle. In addition, surge in the consumption of alcohol, smoking along with growing disposable income followed by high adoption rate of IVF services is likely to enhance the market growth.
The major market players profiled in the IVF services market includes Cologne GmbH, amedes MVZ, AVA Clinic Scanfert, AMP Center St Roch, Bangkok IVF center (Bangkok Hospital), Biofertility Center, Betamedics, Bourn Hall Fertility Center, Bloom Fertility Center, Center for Advanced Reproductive Medicine and Infertility, Ambroise Paré Group, Cardone Reproductive Medicine and Infertility, LLC, Chelsea and Westminster Hospital (Assisted Conception Unit), Cloudnine Fertility and CHA Fertility Center among others.
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