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IVF Services Market is projected to reach US$ 31,613.76 million by 2027 to grow at a CAGR of 11.6%

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IVF Services Market is projected to reach US$ 31,613.76 million by 2027 to grow at a CAGR of 11.6%

April 13
21:43 2021
IVF Services Market is projected to reach US$ 31,613.76 million by 2027 to grow at a CAGR of 11.6%

IVF Services Market
The IVF services market was valued at US$ 13,496.29 million in 2019 and it is projected to reach US$ 31,613.76 million by 2027; it is expected to grow at a CAGR of 11.6% from 2020 to 2027.

IVF or In Vitro Fertilization is a hyped reproductive technology in which the ova from woman’s ovaries and the sperm sample from a male is retrieved and manually diffused externally in a laboratory glass dish. After fertilization, these fertile eggs undergo embryo culture for a few days and transferred to the same or another woman’s uterus to establish a successful pregnancy.

The IVF services market is segmented on the basis of cycle type, end user, and geography. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the IVF services market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes COVID-19 impact analysis across all the regions. It is estimated that the market is likely to grow at a slower rate during the forecast period owing to the declined IVF services during the COVID-19 pandemic that resulted in strict lockdown for some healthcare services.

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A few prominent players operating in IVF Services market are Max Healthcare; Bloom IVF; CCRM Fertility.; OXFORD FERTILITY; Create Health (Create Fertility); Medicover; Aevitas Fertility Clinic; BIOART Fertility Clinic; Prelude Fertility, Inc.; and Gift ov life. The companies have maximized their growth with several inorganic strategies to enhance the market value and maintain position in the market. For instance, in March 2019, Prelude Fertility announced a partnership with Inception Fertility. The partnership made Prelude the largest fertility services provider in the US and added Aspire Fertility clinics to the Prelude Network.

The growth of the global IVF services market is driven by the increasing incidence of infertility, rising number of fertility clinics and infertility services with government support, and growing number of products launches and developments. However, the high procedural cost of reproductive techniques and risks associated with infertility treatment hinder the market growth.

Additionally, according to World Fertility Report 2019, estimates of teenage birth rates are available for 2015–2020 for 201 countries or areas with populations of at least 90,000. Speedy fertility decays were observed in all the major regions. Among the 77 countries and areas, where adolescent fertility declined by more than 50% between 1990–1995 and 2015–2020, 28 were in Europe, 28 in Asia, 8 in Africa (Algeria, Botswana, and others), 7 in the Caribbean (Bahamas, Puerto Rico, Grenada, Aruba, Martinique, Saint Lucia, and the US Virgin Islands), 4 in Oceania (Guam, Kiribati, Micronesia, and New Caledonia), and Canada and the US. Thus, the declining fertility rate leads to a significant increase in demand for in vitro fertilization (IVF) services that determine the fertility window in males and females.

The fertility rate is steadily declining globally owing to various factors, such as growing trend of late marriages and increasing age-related infertility. Global fertility rates are projected to fall to 2.4 children per woman by 2030 and 2.2 children per woman by 2050. About 12% of women aged 15–44 years in the US faced difficulty in getting pregnant or achieving pregnancy to term, regardless of marital status. Also, about 6.0% of married women aged from 15 to 44 years in the US are incapable of getting pregnant after one year of trying (infertility). According to the National Center for Health Statistics, the US’s birth rate in 2018 was estimated as 11.968 births per 1,000 people, a 0.95% decline from 2017. Moreover, chlamydia diseases cause about 4 to 5 million infections annually in the US. If it is not treated on time, it can cause infertility in males and females.

The report segments the global IVF services market as follows:

By Cycle Type

  • Fresh IVF Cycles
  • Thawed IVF Cycles
  • Donor Egg IVF Cycles

By End User

  • Fertility Clinics
  • Hospitals
  • Surgical Centers and Clinical Research Institutes

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Rest of MEA
  • South and Central America (SCAM)
    • Brazil
    • Argentina
    • Rest of SCAM

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