Bharat Book Bureau Provides the Trending Market Research Report on Global InVitro Fertilization Market Opportunity Analysis And Industry Forecast 2017 – 2023 under Life Science category. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.
InVitro Fertilization Market: In-vitro fertilization (IVF) is a process where eggs (ovum) from the ovary of a woman are taken and fertilized with sperm in laboratory method, and the embryo (fertilized egg) is sent back to the uterus of the woman. In vitro fertilization is one of the many possible ways to enhance the chance to infertile couple to get pregnancy. IVF usage is depended upon the reasons for infertility. IVF can be an option in case of endometriosis or fallopian tube blockage in the woman or in case of poor quality or low sperm count in man. There are many other treatments for this condition like surgery which can be tried prior to IVF. IVF does not work for the woman who does not have the ovulating capability or the men who unable to produce the proper count of healthy sperms.
Market Outline: Global InVitro Fertilization Market
Increasing in the number of delayed pregnancy cases among the women, growing awareness regarding consequences of infertility, and availability of favourable reimbursement policies, increase technological advancements in IVF process such as capsule in vitro fertilization and embryoscope, growing medical tourism globally are expected to accelerate the demand for in-vitro fertilization market. Rise infertility disorders and gynaecological diseases, increased focus on the innovation of IVF technologies by the clinical research centres, are the factors which are boosting the growth of the global IVF market. However, huge requirements of budget and time to run IVF procedures, difficulty in maintaining the IVF procedure, a risk of multiple conceives by women, ethical issues regarding gender selection, lack of awareness about issues regarding infertility in under-developed countries are expected to hamper the global IVF market growth.
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The InVitro Fertilization Market is classified on the basis of instruments, reagents and consumables, technique, end user and geography.
Based on instrument, the InVitro Fertilization Market is segmented into the following
- Ovum aspiration pump
- Sperm separation system
- Imaging system
Based on reagents and consumables, the global InVitro Fertilization (IVF) Market is segmented into the following
- Semen processing media
- Cryopreservation media
- Embryo culture media
- Ovum processing media
Based on Technique, the global InVitro Fertilization (IVF) Market is segmented into the following
- Donor egg IVF technique
- Frozen Embryo Transfer
- Fresh embryo transfer
Based on end user, the global InVitro Fertilization (IVF) Market is segmented into the following
- Fertility clinics
- Clinical research institutes
- Surgical centers
Global invitro fertilization market expected to grow at tremendous growth rate due to the surge in infertility cases across the globe owing to the high prevalence of the infertility diseases globally. As per Centre for Disease Control and Prevention, around 6 Mn women are suffering from infertility problems in U.S. National Health Service (NHS) also reported that about 3 Mn women are suffering from infertility in the UK owing to irregular ovulation, fallopian tubes blockade & endometriosis. Favourable government initiatives have expected to create awareness of innovative IVF technologies. For instance, in India, Bhartiya Mahila Bank & New India Assurance joined together to offer the insurance plan for the infertility treatments irrespective of the financial status of an individual. Which is attracting the infertile couple to adopt IVF, which in turn, boosts the IVF market growth? Expansion of the players in the market are also boosting the growth of the IVF market growth for exemplary, in 2015 November has PALASH launched an innovative unit called as PALASH IVF Solutions Pvt. Ltd.
Based on the geographical regions, IVF devices market is segmented as Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Increased population with infertility issues, rise in the adoption of advanced IVF technologies over the traditional infertility treatments and availability of favourable insurance coverage for the IVF in some of the U.S. states like New Jersey, New York, Maryland etc. are the factors which are bolstering the North America to be the dominating market in IVF market. Asia Pacific region is anticipated to show fastest growth rate IVF owing to the factors like high maternal age in Japan, one child policy abolishment in China, increased tourism infertility in India & Thailand, increase in adoption of surrogacy are propelling the market growth in Asia Pacific countries.
Some of the players in the IVF market are Vitrolife AB (Sweden), Cooper Surgical, Inc. (U.S.), Cook Medical, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Irvine Scientific (U.S.), Genea Limited (Australia), EMD Serono, Inc. (U.S.) and IVFtech ApS (Denmark).
In July 2017: Irvine Scientific, cell culture media development and innovation and manufacture of Assisted Reproductive Technologies Company introduced Continuous Single Culture -NX, the next-gen single-step culture medium for embryos.
In November 2016, The Cooper Companies, Inc. acquired Smiths Medical’s IVF segment, WALLACE to expand its market share globally.
In January 2016, Irvine Scientific has acquired Rome and Italy units of BioCare Europe a distributor of in vitro fertilization media, medical devices & equipment
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