According to New Research Study, the global In-Vitro Fertilization (IVF) market is expected to grow at significant CAGR around 9.8 % throughout the forecast period and reach around US$ 38.7 billion by 2026. The growth of IVF services global is driven by an increase in infertility, the increase in the trend of delayed pregnancies, an increase in IVF success and an increase in available earnings worldwide. However, higher cost, IVF-related complications and low awareness of IVF in certain less developed regions limit the growth of the market.
The segment of fertility clinics held the biggest market share in 2018 and is expected to lead over the forecast period.
North America is anticipated to govern the In-Vitro Fertilization (IVF) Market. The incidence of infertility in Nigeria is about 25% compared with 1015% in the United States and in the UK, according to University of Benin (Nigeria). IVF procedures helped couples manage these high levels of infertility. Low cost of IVF therapy and the rise in fertility tourism trends in South Africa continue to drive Africa's in vitro market growth.
The report provides insights on global In-Vitro Fertilization (IVF) market by instrument SW, type, End-use and major geographic regions.
In-Vitro Fertilization (IVF) Market by Instrument
- Culture Media
- Disposable Devices
- Capital Equipment
In-Vitro Fertilization (IVF) Market by Type
- Frozen Non-donor
- Fresh Non-donor
- Frozen Donor
- Fresh Donor
In-Vitro Fertilization (IVF) Market by End-Use
- Fertility Clinics
- Hospitals & others
Global In-Vitro Fertilization (IVF) Market, by Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
Irvine Scientific, EMD Serono Inc., and OvaScience are Likely to Continue to Lead the Global IVF Market
The In-Vitro Fertilization (IVF) market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are; EMD Serono Inc.; OvaScience; Genea Biomedx; Vitrolife AB; Irvine Scientific; Thermo Fisher Scientific Inc.; Cook Medical Inc.; Cooper Surgical Inc.; Boston IVF, and Progyny, Inc.
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