IVF Services Market to Grow at 9.1% CAGR by 2030
Constant growth in infertility rates linked with changing lifestyle & food habits along with technological advancement supported by growth in fertility clinics supported by growing awareness among people are expected to drive the growth of IVF Services industry during the forecast period of 2020-2030.
The IVF Services Market is expected to grow at the CAGR of 9.1% from 2020-2030, according to a new research report by Next Move Strategy Consulting
In-vitro fertilization is an assisted reproductive technique which helps infertile couples to have children. These services involve the extraction of female eggs from the ovary and fertilize with sperm in laboratory. The ovum collection is dome by stimulating the ovulation process in females for the collection of high quality ovum for higher success rates.
According to the report, there has been constant growth in the infertility rates among young population owing to the changing lifestyle & food habits. There has also been surge in the consumption of alcohol & smoking which affects the quality of gamete which in turn also led to infertility. In addition, rapid growth in stress level among young population as well as technological advancement is likely to contribute the market growth. On the other hand, growing awareness among people with high adoption rate of IVF services followed by growth in disposable income is likely to drive the market growth. Moreover, fast changing polices with respect to IVF service may tend to bring change in market trend.
However, high cost associated with IVF services followed by the complications during the entire process may restrain the market growth. Moreover, growth in fertility tourism further supported by the development of fertility clinics all around the world is anticipated to provide numerous opportunities to the market in the coming few years.
On the basis of cycle types, the IVF services market share is segmented into Fresh IVF Cycles (Non-donor), Thawed IVF Cycles (Non-donor), and Donor Egg IVF Cycles. Fresh IVF Cycles (Non-donor) dominates the global IVF services market and will be the dominant during the forecasted period.
On the basis of end user, the IVF services market is categorised into Fertility Clinics, Hospitals, Surgical Centres, and Clinical Research Institutes. Clinical Research Institutes is expected to growth with significant CAGR owing to the growth in research activities to achieve the high success rate in in-vitro fertilization.
North America is likely to account for the highest market size & share of the IVF services market in the forecast period 2020–2030 owing to presence of developed healthcare facilities along with technological advancements as well as changing lifestyle. Europe accounts for the second leading position in the IVF services market size. Asia Pacific is expected to be the fastest developing region in IVF services market which is majorly driven by the growth in infertility rates among young population with surge in the consumption of alcohol & smoking. In addition, growth in infertility clinics with delayed pregnancies in the region is anticipated the market growth.
According to the report, some the key players in the IVF services market 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.
Browse key industry insights from the report at https://www.nextmsc.com/report/ivf-services-market in detail along with the table of contents:
Key Insights from the IVF Services Market Report:
- Asia Pacific is the fastest growing IVF Services market owing to the growth in infertility rates along with changing lifestyle as well as growth in fertility clinics further supported by growing awareness & adoption of IVF services.
- The fresh IVF cycles & clinical research institutes dominates the segment and is expected to grow at significant CAGR to maintain the led in 2030.
- Some of the major players in the market 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.
The report IVF Services market – segmented by cycle type, end user and geography
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