High infertility rate and degrading reproductive health conditions have triggered the development of Assisted Reproductive Technology (ART) in the early 1990s. There are copious benefits of these techniques such as prevention of communicable diseases, genetic or hereditary disorders among others. Due to these reasons, couples who are unable to bear children, have been compelled to adopt one or more ART methods for conceiving a child.
There are various types of ART techniques, among which the most frequently used techniques are In-Vitro fertilization (IVF), and Intra Uterine Insemination (IUI). The In-Vitro fertilization (IVF) technique, which is an amateur market, has the potential to be one of the biggest market boosters in the future.
The IVF process is directly related to the birth of a child, which is directly intertwined with the patient’s emotional and physical health. In many developing countries, the IVF market’s growth is restrained due to their cultural and ethical attitude towards this process. However, the government has introduced educational programs and regulations, which are contributing in building a platform, for the development of the IVF market.
The global IVF market includes pre-treatment drugs and lab equipment, instrument & reagents. In this report the pre-treatment drugs market is not taken into consideration. The global market is expected to grow over USD 26.08 billion by 2022. IVF Market can be further divided into various segments and sub-segments.
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The IVF procedure market has been divided into four main categories viz. Intracytoplasmic Sperm Injection (ICSI), Frozen Embryo Replacement (FER), Zygote Intrafallopian transfer (ZIFT) and Gamete Intrafallopian Transfer (GIFT) among others. Globally ICSI is the most frequently used technology, and currently accounts for two-third of the world’s IVF market. Market share of ICSI is expected to decline in the future due to increasing investments in Frozen Embryo Replacement (FER) which is preferred by various end users like armed forces personnel and High Net worth Individual (HNI) among others.
In recent times, there has been a huge increase in the demand for the Assisted Reproductive Techniques (ART). Infertility is the main cause for escalating the demand of Arts which is caused due to rapid change in lifestyle, smoking drinking, steroids, mental stress/trauma and other medical conditions like diabetes, cystic fibrosis, trauma, testicular failure, and fallopian tube blockage, ovarian dysfunction in females, etc. Therefore, these factors are supporting the growth and development of IVF market.
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To track the trends of the IVF market globally, BIS Research study includes qualitative and quantitative analysis of the market. The qualitative models of the market include industry attractiveness analysis, and market dynamics, among others. Industry attractiveness analysis provides an in-depth analysis of the level of competitiveness IVF market players. The market dynamics section summarizes the overall trend analysis of the market. The market dynamics section describes the factors driving and restraining the market growth, including the opportunities in the IVF market. The report also provides a comprehensive study of the prominent regulations, consortiums, patents and standards of the global IVF market.
Studied IVF market in our report coverage includes markets byprocedure, instruments, reagents &media, and geographies. The above mentioned sections have been analyzed quantitatively and the market value is evaluated and discussed in their respective sections in this report.
The report includes the profiles of major players in the IVF market that allows the readers to gain an insight into the various industry trends
Due to their limited applications, ZIFT and GIFT procedures reserve a small market share. These procedures are used only in special cases where the first IVF cycle is unsuccessful or the mother is facing serious issues in conceiving. Both these procedures are invasive, and thus, are less preferred in developed countries.
European countries prefer IVF treatments and egg donations, especially Spain which has highest number of egg donors, followed by Poland and Ukraine. In countries like the U.S., the U.K., Spain, France, and Denmark, the donor number has doubled in a span of 10 to 15 years. Moreover, the availability of skilled personnel, high quality of treatments at economical prices, and increasing awareness of IVF treatments are some of the major factors that are contributing to the growth of the European IVF market.
The increasing infertility cases, advancement of technologies, government support & regulations, educational awareness programs, and emerging reimbursement policies are some of the major factors driving the growth trajectory of this market. The development of pre-implantation diagnosis tests are helping parents to know about the well being of their baby in early stages of pregnancy and hence are foreseen as a viable opportunity for this market.