IVF Services Market 2021 | Size, Growth, Demand, Opportunities and Forecast 2030

The Global IVF Services Market size valued to USD 13.63 billion in 2019, shall elevate to USD 35.53 billion by 2030, witnessing a CAGR of 9.1% from 2020-2030.

IVF (In Vitro Fertilization) is a type of Assisted Reproductive Technology (ART), where female ovum retrieved from the ovaries fertilize with quality male sperm, under artificial laboratory conditions, in a vitro (glass), and develop into a zygote. Once the zygote undergoes embryo culture, the practitioner implants it into the female uterus, with an intention of establishing a successful pregnancy. It is the most common type of ART to treat infertility in male-female and assist gestational surrogacy. Single parent and LGBT community widely adopt it to procreate.

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Competitive Landscape

The highly competitive IVF services market consists of various market players. Some of the major market players are 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.

The past endeavors, present developments and futuristic advancements, sum-up to comprehend the overall growth of the global IVF services market.

For instance, in January 2020, the Bourn hall fertility clinic announced a ‘systems medicine approach’ to improve fertility medicine, creating opportunities for personalized IVF treatment.

Moreover, in January 2020, the NSW Government committed an investment of $42 million for the IVF services, making fertility treatment much more affordable for up to 6,000 women, in the NSW publicly supported IVF clinics.

Market Dynamics and Trends

The global IVF services market is driven by factors such as rise global infertility rates, delayed pregnancies, increased gamete donations, rise in same-gender marriages, increased number of gestational surrogacies and increasing disposable incomes. Besides, changing lifestyles, food-habits, rising levels of stress, increased consumption of alcohol, surge in cigarette-smoking, increasing incidences of infertility disease in male-female and obesity, are to boost the IVF services market growth significantly during the forecast period.

However, factors such as less awareness towards IVF treatment, society restraints, cost constraints associated with the procedure and complications related to the IVF procedure, may impede the IVF services market growth during the forecast period.

Moreover, technological advancements associated with IVF devices, modernizing healthcare infrastructures, increase in IVF clinics, surge in fertility tourism specifically in the emerging economies, and high success rate of the IVF treatment are to create lucrative opportunities in the global IVF services market, in coming future.

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Market Segmentations and Scope of the Study:

The global IVF services market share analysis is based on cycle type, end user, and geography.

Based on the type of cycle, the market is divided into Fresh IVF Cycles (Non-donor), Thawed IVF Cycles (Non-donor), and Donor Egg IVF Cycles. Based on end user, the market is bifurcated into Fertility Clinics, Hospitals, Surgical Centers, and Clinical Research Institutes. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to dominate the global IVF services market throughout the fore-cast period owing to the increased adoption of IVF services over the forecast period. Besides, advancement in IVF technologies, blooming healthcare facilities and rise in infertility rates among the youth, are the major factors to drive the market growth during the forecast period.

It is anticipated that the Asia Pacific region shall show a significant growth, holding moderate market share over the forecast period. Furthermore, cumulative success rate of the IVF treatments, increase in the number of fertility clinics and proliferating fertility tourism, is expected to boost the growth of IVF services market.

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