Orbis Research Present’s Global Embryo Culture Market to grow at a CAGR of 9.28% during the period 2017-2021
Medical Research Report – Global Embryo Culture Market 2017-2021
The Following Companies As The Key Players In The Global Embryo Culture Market: Cook Medical, CooperSurgical, Irvine Scientific, and Vitrolife
Other Prominent Vendors in the market are: EMD Serono, ESCO Micro, Genea, IVFtech, NMC Healthcare, The Baker Company, and Thermo Fisher Scientific
Commenting on the report: “Advances in freezing technology are likely to increase the use of donor egg, sperm, or embryo for fertility treatment. Some fertility clinics have also launched banks. This is increasing the awareness of IVF procedures among individuals.”
According to the report, there is a notable increase in the awareness of ART procedures among women when compared with the last decade. ART procedures such as IVF treatment have gained a positive perception and wide acceptance among women worldwide. The increase in awareness can be attributed to several factors such as the rise in education level among the female population, coupled with the rise in the number of working women. This has had a significant influence on the demand for various IVF treatments, especially in developed and developing countries such as the US, the UK, and China.
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Further, the report states that infertility treatments such as IVF treatment are considered a lifestyle procedures rather than serious medicine. Health insurance plans generally pay for services related to testing for infertility. For instance, in the US, which does not have any infertility coverage mandate, most insurance policies do not support fertility and IVF service payment. Some insurance providers cover testing and treatment up to and including intrauterine insemination but excluding IVF. In addition, while the monitoring of IVF ovarian stimulation (blood and ultrasound tests) is often covered, IVF codes are not covered.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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