In vitro fertilization (IVF) is an assisted reproductive technology (ART) that involves retrieving eggs from a woman’s ovaries and impregnating them with sperm in vitro. The process involves energizing a woman’s adulatory, removing an ovum from the ovaries of women, and allowing sperm to fertilize them in a liquid in a laboratory. These services are also utilized when women have disorders with ovulation, polycystic ovarian syndrome, fibroids, endometriosis, and cervical issues or when the causes for infertility are uncertain. Earlier, IVF services were used to be performed in test tubes, but now a day the process is carried in a plastic dish.
According to the study analysis,’ Global In Vitro Fertilization (IVF) Services Market to reach USD XXX million by 2026’ Development of innovative product and their commercialization, mergers and geographical expansion are the key strategies of the market players operating in in-vitro fertilization. Key industry contributors are Ambroise Pare Group, AMP Center St Roch, Bangkok IVF center (Bangkok Hospital), CHA Fertility Center, EUVITRO S.L.U., Fakih IVF Fertility Center, Houston Fertility Center, Morpheus Life Sciences Pvt. Ltd., Servy Massey Fertility Institute and Thomson Medical Pte. Ltd.For instance, in December 2016, the Ontario government announced USD 50 million fertility program to include 5,000 people for IVF treatment. Similarly, Singapore government provides almost 75% co-funding for several ART procedures such as in-vitro fertilization (IVF), intracytoplasmic sperm injection (ICSI) and gamete intrafallopian transfer (GIFT). Moreover, With the widespread of COVID-19 crisis around the world, physicians are more concerned on treating the novel coronavirus disease, due to which the treatment of IVF services are majorly affected thereby, the demand for IVF technology has been decreased. But, high value of IVF treatment and lack of regulatory framework and regulations are some major forces hindering the market expansion throughout the forecast amount.
The regional distribution of global In Vitro Fertilization (IVF) Services market is taken into the account for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific accounted as the largest region across the world with regards to market share due to growing awareness about IVF treatment, along with rise in number of infertile populations, low cost of treatments and availability of high technologies in the region. North America is also anticipated to witness rising demand for fertility treatment in the upcoming future. The market is further segmented into cycle type and end user. By Cycle Type divided into Fresh IVF cycles (non-donor), Thawed IVF cycles (non-donor) and Donor egg IVF cycles. By End-User into Fertility Clinics, Hospitals, Surgical Centers and Clinical Research Institutes.
Furthermore, growing government funding for promoting the usage of IVF services is further contemplating the market growth around the world. Moreover, rising cases of infertility rate among people, increase in trend of delayed pregnancies, and technological development in IVF are some factors responsible for high expansion of the market over the forecast amount. Increase in numbers of infertility and development cases of advanced technologies such as lens less imaging of the sperms are likely to propel the market for in-vitro fertilization throughout the upcoming years.
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Global In Vitro Fertilization (IVF) Services Market Research Report
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