In Vitro Fertilization Market : Fertility Tourism and Male Infertility on the Rise
MarketsandMarkets forecasts the In Vitro Fertilization market to grow from USD 465.2 million in 2016 to 847.8 million by 2022 , at a Compound Annual Growth Rate (CAGR) of 10.9% during the forecast period. The major factors that are expected to be driving the IVF market are 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. Opportunity: Fertility tourism Asia is one of the most preferred destinations for medical care. One of the major factors driving the medical tourism industry in Asia is the low cost for high-quality healthcare facilities delivered by doctors and surgeons trained and educated in the top institutes in the US and Europe. According to a survey conducted by the International Federation of Fertility Societies in 2013, there are mo...