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 woman’s ovaries and fertilizing them with sperm in vitro. The process involves stimulating a woman's ovulatory, removing an ovum from the woman's 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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As the trend of new generation women who choose to hire for marriage and pregnancy increases, the marriage is delayed and will lead the in vitro fertilization fertilization market with pregnant women. In addition, from rural to urban, lifestyle fluctuations, obesity and an increase in disposable income worldwide are one of the key indicators of global market growth.
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:
- The absolute number IVF procedure is largely seen in Asia Pacific region; in fact, Australia and New Zealand are the two main hotspots for IVF in Asia Pacific.
- The North America IVF market held the largest market share, accounting for more than 20% of market in 2018.
- With the increasing number of IVF procedures in emerging economies such as China and India, the growth in these regions will exceed a CAGR of over 10% during the forecast period.
- IVF culture media market held the largest market share in 2018. Being the foremost important part of IVF procedure, the demand for culture media will only increase over the forecast period. Currently, culture media market hold more than 40% of market share.
- Headway in molecular diagnostic technology; crucial for egg sharing and pre-implantation genetic diagnosis (PGD), together shouldering with IVF treatment, will further augment market growth.
- OVUM Processing Media
- Sperm Processing Media
- Cryopreservation Media
- Embryo Culture Media
- Sperm Separation Systems
- OVUM Aspiration Pumps
- Micromanipulator Systems
- Gas Analyzers
- Fertility centers
- Research Laboratories
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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The cost analysis of In-vitro fertilization market took into account manufacturing costs, labor costs, raw materials and market concentration, suppliers and price trends. Other factors such as supply chains, downstream buyers, and sourcing strategies were evaluated to provide a complete and in-depth view of the market. Report buyers are exposed to market positioning studies that take into account global 3D printing and pricing strategies for target audiences, training, and strategies.
Using SWOT analysis to gather and study all the information, you can see the competitive environment vividly in In-vitro fertilization market. Openings for future market developments were revealed and likewise had a competitive advantage. Taking into account the drift and propensity of this market, it shows that the strategic direction is good. Understand your market base and understand your market data using standards, methodologies, and other driving market trends determined for reference.
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