Global IVF Services Market Opportunities And Strategies For Major Players In The IVF Services Market 2021-2030
23 Aug, 2021
The IVF services market consists of sales of in vitro fertilization (IVF) services by entities (organizations, sole traders and partnerships) that provide IVF services which is one of the more widely known types of assisted reproductive technology (ART) used to address infertility. IVF is a process of fertilization where an egg is combined with sperm outside the body, in vitro ("in glass").
Global IVF Services Market Size And Drivers:
The global IVF services market is expected to grow from $12,746.9 million in 2020 to $13,782.0 million in 2021 at a compound annual growth rate (CAGR) of 8.1%. The growth is mainly due to the service providers resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to grow at a CAGR of 11.5% from 2020 to reach $21,970.6 million in 2025. The global IVF services market is expected to reach $37,367.2 million in 2030, at a CAGR of 11.2%. The rising infertility rate contributes to the growth of in vitro fertilization services market.
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Trends In The Global IVF Services Market
The demand for mitochondrial replacement in IVF treatment is increasing to avoid mitochondrial disorders in new born babies. Mitochondrial disorders are often inherited disorders that occur when mitochondria fail to produce enough energy for the cells to function properly. Mitochondrial replacement or transfer therapy is a technique in which unhealthy DNA is replaced in human eggs with healthy mitochondria from a donor woman during the IVF process.
Global IVF Services Market Segments:
The global IVF services market is further segmented based on cycle type, service provider, end user and geography.
By Cycle Type: Fresh IVF Cycles (Non-donor), Thawed IVF Cycles (Non-donor), Donor Egg IVF Cycles
By Service Provider: Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes
By End User: Fertility Clinics, Hospitals & Other Settings
By Geography: The global IVF services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global IVF services market, accounting for 32.6% of the total in 2020.
Read More On The Report For The Global IVF Services Market At:https://www.thebusinessresearchcompany.com/report/ivf-services-market
IVF Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides IVF services market overviews, analyzes and forecasts market size and growth for the global IVF services market, IVF services market share, IVF services market players, IVF services market segments and geographies, IVF services market’s leading competitors’ revenues, profiles and market shares. The IVF services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.