In Vitro Fertilization Market - Global Forecast to 2022 at a CAGR of 10.9%
According to the new market research report "In
Vitro Fertilization Market by Product (Imaging System, Incubator, Cabinets, Sperm
Separation System, Cryopreservation media, Embryo Culture media), Type of
Cycles & End Users (Fertility Clinics and Surgical Centres, Cryobanks) -
Global Forecast to 2022", published by MarketsandMarkets™, analyzes
and studies the major market drivers, restraints/challenges, and opportunities.
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The
global In vitro fertilization market is projected to be valued at USD 505.2
Million in 2017 and is expected to grow at a CAGR of 10.9% to reach to USD
847.8 Million by 2022.
The key factors propelling the
growth of this market include growth in the median age of first-time
motherhood, declining fertility rates, rising male infertility, rise in
consumption of alcohol and cigarettes, and growing public awareness about
infertility and the available treatment options.Objectives of the Study:
·
To define, describe, and
forecast the global in vitro fertilization market with respect to type of
cycle, product, end user, and region
·
To provide detailed
information regarding the major factors influencing the growth of the market
(drivers, restraints, opportunities, and challenges)
·
To strategically analyze
micro markets with respect to individual growth trends, prospects, and
contributions to the overall market
·
To analyze market
opportunities for stakeholders and provide details of the competitive landscape
of market leaders
·
To forecast the size of
the global market with respect to four main regions—North America, Europe, Asia
Pacific (APAC), and the Rest of the World (RoW)
·
To profile the key players
in the global market and comprehensively analyze their core competencies
·
To track and analyze
competitive developments such as agreements and partnerships, mergers,
acquisitions, reprocessed medical device developments, and service launches of
the leading players in the in vitro fertilization market
Browse and in-depth TOC on "In Vitro Fertilization Market"
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- Tables
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- Figures
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- Pages
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more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/in-vitro-fertilization-market-89198891.html
The global in vitro fertilization market is projected to reach USD
847.83 Million by 2022 from USD 505.15 Million in 2017, at a CAGR of 10.9%. The
key factors propelling the growth of this market include growth in the median
age of first-time motherhood, declining fertility rates, rising male
infertility, rise in consumption of alcohol and cigarettes, and growing public
awareness about infertility and the available treatment options.
By product, the in vitro fertilization market is categorized into
reagents and equipment. Reagents are further segmented into cryopreservation
media, semen processing media, ovum processing media, and embryo culture media.
Embryo culture media is expected to hold the largest share of the IVF reagents
market and is also projected to grow at the highest rate during the forecast
period. The large share of this segment is attributed to the increase in
awareness of infertility treatment and diagnosis.
The equipment segment is further classified into imaging systems,
sperm separation systems, cabinets (workstations), ovum aspiration pumps,
incubators, micromanipulator systems, cryosystems, gas analyzers, laser
analyzers, anti-vibration tables, accessories, and witness systems. However,
sperm separation systems are expected to witness the highest growth, due to
factors such as the rising use of donated sperm in IVF procedures.
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Based on end users, the global IVF market has been segmented into
fertility clinics and surgical centers, hospitals and research laboratories,
and cryobanks. The fertility clinics and surgical centers segment is estimated
to command the largest share of the global market in 2017. This segment is also
projected to register the highest CAGR during the forecast period. The
increasing number of fertility centers coupled with the growing infertility
rates across the globe are the key factors driving the growth of the fertility
and surgical centers segment.
Based on types of cycles, the in vitro fertilization market is
segmented into fresh non-donor, frozen non-donor, fresh donor, and frozen
donor. Fresh non-donor is expected to account for the largest share in 2017.
Factors such as high success rate, ease in implantation process and enhanced
embryo production are driving the growth for the fresh non-donor market.
However, the frozen non-donor cycle segment is projected to register the
highest growth rate during the forecast period.
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