The IVF services market is set to grow significantly, driven by rising infertility rates and delayed pregnancies, with a forecasted value of $25.6 billion by 2026.
In vitro fertilization (IVF) is a type of assisted reproductive technology in which the ovum is artificially fertilized in laboratory settings and then implanted into the uterus. IVF is one of the widely used treatments, which assists couples with infertility problems and single mothers & the LGBT community to procreate. Increase in infertility rate, rise in trend of delayed pregnancies, surge in IVF success rate, and upsurge in disposable income worldwide drive the growth of the IVF services market globally. However, the In vitro fertilization services market growth is restricted by higher cost, complications associated with IVF treatment, and low awareness level for IVF in some underdeveloped regions.
The global IVF services market size generated $12.5 billion in 2018, and is projected to reach $25.6 billion by 2026, growing at a CAGR of 9.3% from 2019 to 2026.
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Covid-19 Scenario:
1) The Covid-19 pandemic and followed by lockdown has affected several manufacturing industries.
2) The prolonged lockdown resulted in a disrupted supply chain and increased the prices of raw materials.
3) However, as the world has been recovering from the pandemic, the market is estimated to get back on track.
By cycle type, the fresh cycle (non-donor) segment was a major revenue contributor in 2018, and is expected to dominate the market during the forecast period.
Depending on end user, the global In vitro fertilization services market was dominated by the fertility clinics segment in 2018, and is expected to continue this trend during the forecast period, due to low cost of treatment and increase in number of fertility clinics.
The Major Key Players Are:
Ambroise Paré Group, amedes MVZ Cologne GmbH, AMP Center St Roch, AVA Clinic Scanfert, Bangkok IVF center, Bangkok IVF center (Bangkok Hospital), Betamedics, Biofertility Center, Bloom Fertility and Healthcare, Bloom Fertility Center, Bourn Hall Fertility Center, Bourn Hall International, Cardone Reproductive Medicine and Infertility, LLC, Center for Advanced Reproductive Medicine and Infertility, CHA Fertility Center, Chelsea and Westminster Hospital (Assisted Conception Unit), Cloudnine Fertility, Conceptions Reproductive Associates of Colorado, Cyprus IVF Centre, Dansk Fertilitetsklinik, EUVITRO S.L.U., Fakih IVF Fertility Center, Fertility and Gynecology Center Monterey Bay IVF, Fertility Associates, Fertility Center Berlin, Fertility Center of San Antoni, Fertility First, FIV Marbella, Fivet Centers Prof. Zech, Flinders Reproductive Medicine Pty Ltd, Genea Oxford Fertility Limited, Heidelberg University Hospital, Houston Fertility Center, International Centre for Reproductive Medicine, ICRM, IVF Canada, IVF NAMBA Clinic, IVF Panama Center for Reproduction Punta Pacífica, IVF Spain, IVI Panama, Ivinsemer, KL Fertility & Gynaecology Centre, Lifesure Fertility and Gynaecology Centre, LIV Fertility Center, Manipal Fertility, Maria Fertility Hospital, MD Medical Group, Medfem Fertility Clinic, Monash IVF Wesley Hospital Auchenflower, Morpheus Life Sciences Pvt. Ltd., New hope fertility center, Oak Medical Group/Oak Clinic, OVA IVF Clinic Zurich, Procrea Fertility, RAPRUI Srl, Repromed, SAFE Fertility Center, Sanno Hospital, Servy Massey Fertility Institute, Shanghai Ji Ai Genetics & IVF Institute, Shanghai United Family Hospital, Sher Institute for Reproductive Medicine (SIRM), Southend Fertility and IVF, StorkKlinik (Stork IVF Clinic), The ARC-STER Center, The Bridge Centre, The Cape Fertility Clinic, The Hugh Wynter Fertility Management Unit, The Lister Fertility Clinic, The Montreal Fertility Center, Thomson Medical Pte. Ltd., Trianglen Fertility Clinic, TRIO Fertility, Virtus Health, Vitanova, VivaNeo – Medical Center Kinderwens, and Wunschkinder.
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Key Finding of The IVF Services Market:
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The article discusses the growth and future trends of the IVF services market.
The market is projected to grow at a CAGR of 9.3% from 2019 to 2026.
Increased infertility rates, delayed pregnancies, and higher disposable incomes drive growth.
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