IVF plays the crucial role in the healthcare sector for infertility treatment. IVF is an assisted reproduction technique (ART) used for combining egg and sperm outside the body and then monitoring and stimulating the entire process. The ART is a procedure to achieve pregnancy by techniques such as in vitro fertilization, Surrogacy, and fertility medication. The IVF can be done by two fertilization methods that are insemination and intracytoplasmic sperm injection (ICSI). The devices used for this treatment are special microscope, incubators, ultrasound machines, IVF disposables and other such devices. The increasing trends of assisted reproductive technology and increasing infertility rate due to the lifestyle change is the major growth factor for in-vitro fertilization market. Furthermore, the rising ovulation disorder and usage of preimplantation genetic screening or diagnosis in healthcare sector can drive the market growth of IVF.
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The high cost of IVF treatment and the side effects associated with it such as risk of multiple births and risk of spread of infectious diseases can be the major threat for the growth of IVF market. However, the development of new products such as cryopreservation and IMSI technology will create huge opportunity for this market. The cryopreservation technology will support the IVF treatment by preserving the embryos or sperm of the donor for the further treatment. Additionally, the adoption of novel sperm sorting devices will drive the market growth of IVF in future. Moreover, there are companies in the market that are investing significantly which in turn enhance the overall market growth.
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Geographically market is divided into North America, Europe, Asia Pacific and Rest of the World. Europe is expected to hold the largest share in IVF market. The reason behind this being a dominating region is the introduction of newer techniques with better success rate and affordable cost. In addition, funding offered by the government in the region further enhance the market growth. For example: the government of Ontario in 2016 announced $ 50 million fertility program for covering IVF treatment for 5,000 people. Furthermore, Asia Pacific is expected to witness the highest CAGR during the forecast period.
In-Vitro Fertilization Market Segmentation
Key Company Analysis
Rest of The World
Abbott Laboratories Inc.
Combi Matrix Corp.
Cook Medical Inc
Cooper Surgical Inc.
EMD Serono, Inc.
Esco Micro Pte Ltd.
Incept Bio Systems, Inc.
Inventia Genetic Technologies Pty Ltd
INVO Bio science Inc
Irvine Scientific Sales Company, Inc.
Merck & Co.
Nidacon International AB
Nikon Instruments, Inc.
Ova Science, Inc.
Pantec Bio Solutions AG
Smiths Medical, Inc.
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