Massive growth of In-vitro fertilization Market within the forecast period from 2019-2027 with top key players Cook Medical Inc., FUJIFILM Irvine…

The in-vitro fertilization market is thus estimated to grow at a CAGR of 9.3% from 2019 to 2027, to reach a market value of USD 37,240.0 billion by 2027.

In vitro fertilization is an assisted reproductive technology (ART), which involves retrieving eggs from a womans ovaries and fertilizing them with sperm in vitro. The process involves stimulating a womans ovulatory, removing an ovum from the womans ovaries, and letting sperm fertilize them in a liquid in a laboratory. IVF is one of the widely used treatments to assist couples with infertility issues, which is a key factor that drives the growth of the IVF services Market globally.

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The global In vitro fertilization services market is anticipated to exhibit significant growth during the forecast period, owing to rise in infertility rate, increase in trend of delayed pregnancies, surge in IVF success rate, and rise in disposable income worldwide. However, high cost & complications associated with IVF treatment and low awareness for IVF in underdeveloped regions hinder the growth of the IVF services market. Conversely, upsurge in fertility tourism, increase in number of fertility clinics, and low cost of IVF services in developing countries as compared to developed countries are expected to offer remunerative opportunities for market expansion.

Major industry participants in the global in-vitro fertilization market include Cook Medical Inc., FUJIFILM Irvine Scientific Inc., Genea Biomedx, Thermo Fisher Scientific Inc., Merck KGaA (EMD Serono), Genea Limited, Vitrolife AB, The Baker Company, Inc., Kitazato Corporation, Rocket Medical PLC., Hamilton Thorne Inc., IVFtech APS, Green-IVF, among others. New product launches, geographical expansion are some of the major strategies adopted by these players to gain a competitive edge.

Key findings of the report:

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In-Vitro Fertilization Market:

By Reagents

By Equipment

By End-Use

Geography

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Region wise, the IVF services market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest market share in 2018, and is expected to retain its dominance throughout the forecast period. This is attributed to presence of high population base in countries such as India & China, increase in awareness about IVF treatment, low costs of IVF treatments, rise in number of infertile population, and surge in disposable income.

Key Benefits for IVF Services Market:

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Massive growth of In-vitro fertilization Market within the forecast period from 2019-2027 with top key players Cook Medical Inc., FUJIFILM Irvine...

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