IVF Market 2019-2025
New Study Reports “IVF Market 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2025”.
In vitro fertilization is a form of assisted reproductive technological innovation that involves retrieving eggs from the ovaries of a woman and fertilizing the same with sperm outside the body. The global market for IVF services is expected to garner a strong growth due to various supporting factors. Primarily, the increasing trend of delayed pregnancies, rising success rate in IVF methodology, growing fertility rate, and increasing disposable income across the globe are expected to be the main driving points for the market. With the average age of women and men getting married and having a child is continuously increasing, it has increased the demand for this technology. Also, in order to lay focus on their careers, a number of women freeze their eggs to have a child at a later stage of their lives.
However, on the other hand, the high cost associated with the treatment, the risk involved with it, and the lack of awareness concerning IVF in some of the under developed regions are expected to hamper the growth of the market. Conversely, the growth opportunities for the market across different emerging nations, increasing number of fertility clinics, and rising fertility tourism are expected to drive the market towards a positive direction. Additionally, increasing government encouragement to freeze egg/sperm freezing to control population and multiple pregnancy situations, advancement in technologies preventing genetic disorders, and various industrial revolutions are all anticipated to boost the market of IVF in the coming years. The report published on the global IVF market revealed the growth to be at a notable pace. The valuation of the IVF market was further stated to surpass its previous valuation.
Important Key Players Analysis: Vitrolife AB, EMD Serono Inc, Irvine scientific, Cooper Surgical Inc, Cook Medical Inc, Thermo Fisher Scientific Inc, Genea Biomedx, Auxogyn, Inc, Oxford Gene Technology, and more.
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The global IVF market has been segmented in terms of type, sales channel, and applications.
By type, the market segments into Frozen Embryo Replacement (FER), Intracytoplasmic Sperm Injection (ICSI), and Pre-implantation Genetic Diagnosis (PGD).
By application, the market covers Embryonic Stem Cell Isolation and Culture, Clone, Test Tube Baby, Transgenic, and others.
By sales channel, the market divides into distribution channel and direct channel.
The global IVF market is geographically distributed across the following key regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. Asia Pacific holds a major share of the global market of In vitro fertilization. This is primarily due to the presence of a large target population, the availability of advanced technologies, and low cost of treatment when compared with other developed regions.
Elsewhere, in Europe, the NHS covers up to 3 IVF cycles and offers coverage for gametes freezing. Add to this, the region is a major attraction for international clients with countries like Spain comprising the highest number of egg donors. The clinics herein also offer sex identification as well as other treatments, one which are not offered in North America.
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One of the global leaders in egg freezing, xtend Fertility, announced that its service offerings will now include a full-spectrum of treatments for infertility, including IVF.
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IVF Market 2019 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2025