Global In Vitro Fertilization (IVF) Market: Overview
In-vitro fertilization is a technique of fertilizing the egg outside the body by a sperm. The process consists examining and triggering the ovulatory process of a woman, extracting the Nova or an ovum from the ovaries of the woman and then let the sperm fertilize them in the laboratory in the liquid medium.
Global In Vitro Fertilization (IVF) Market: Growth Factors
The key factors contributing to the boosting growth of the global in vitro fertilization market include the rise in the average age of first-time pregnancy, increasing incidences of male infertility, decreasing fertility rates, the rise in healthcare funds, the establishment of government programs, increase in cigarettes and alcohol consumption, and the invention of new and enhanced products. However, stringent regulation & ethical considerations and huge price but fewer success rates are anticipated to restrict the market growth.
Global In Vitro Fertilization (IVF) Market: Segmentation
The global in vitro fertilization market can be segmented based on product, technology, end-user, and geography. The product segment of the market is divided into equipment and reagent. The equipment segment of the market is sub-segmented into gas analyzers, sperm separation systems, anti-vibration tables, cabinets, imaging systems, micromanipulator systems, laser systems, ovum aspiration pumps, incubators, accessories, and cryptosystems. The reagent segment of the market is categorized into ovum processing media, cryopreservation media, embryo culture media, and sperm processing media. The technology segment of the in vitro fertilization market is classified into frozen embryo transfer/replacement, intra-cytoplasmic sperm injection, preimplantation genetic diagnosis, and others. The others segment of the market is sub-segmented into assisted hatching, donor insemination, intrauterine insemination, and in vitro maturation. The end-user segment of the in vitro fertilization market is diversified into cryobanks, fertility, and surgical centers, and hospitals and research laboratories.
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Global In Vitro Fertilization (IVF) Market: Regional Analysis
North America is expected to dominate the global in vitro fertilization market due to the fast and extensive acceptance of in-vitro fertilization, increasing healthcare alertness among the population, and several enhanced technologies in this region. Europe is anticipated to grow in the market a the fast pace in the near future owing to the stringent perseverance to medical guidelines and the better quality of treatment provided at economical rates. Asia Pacific region is also assumed to grow in the in vitro fertilization market at a higher rate in the coming period. The growth of the market in this region can be attributed to increasing frequency of infertility in males and females due to several lifestyles or genetically related factors, raised accessibility of in-vitro fertilization clinics, increased success rates of in-vitro fertilization, and the rising trend of fertility tourism.
Global In Vitro Fertilization (IVF) Market: Competitive Players
The prominent players in the global in vitro fertilization market include Cook Medical, Inc., Vitrolife AB, EMD Serono, Inc., OvaScience, CooperSurgical, Inc., and Thermo Fisher Scientific, Inc. the other major players in the market are IVFtech ApS, ESCO Micro Pte. Limited, Irvine Scientific, Genea Limited, Progyny, Inc., Boston IVF, and The Baker Company.