Global IVF Services Market Trends And Strategies
The global IVF services market is expected to decline from $13.39 billion in 2019 to $12.92 billion in 2020 at a compound annual growth rate (CAGR) of -3.52%. The decline is mainly due to the COVID-19 outbreak that has led to deferred care in order to avoid visiting hospitals, which resulted in reduced patient volume. The market is then expected to recover and reach $18.17 billion in 2023 at a CAGR of 12.04%. The rising infertility rate makes people resort to IVF services. However, the high cost of IVF services limits the market.
IVF is one of the more widely known types of assisted reproductive technology used to address infertility. IVF is a process of fertilization where an egg is combined with sperm outside the body, in vitro (in glass). Only goods and services traded between entities or sold to end consumers are included.
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The global IVF services market is further segmented based on type 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 Geography: The global IVF services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Trends In The IVF Services Market
Platelet-rich plasma (PRP) is the latest technique increasingly used for improving IVF success rate in patients with recurrent implantation failures. PRP is used alongside fertility treatments like IVF to improve the egg quality, uterine lining thickness and endometrial receptivity, and the treatment is primarily for the recurrent implantation failure over multiple IVF cycles.
IVF Services Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides IVF services market overviews, analyzes and forecasts IVF services market size and growth for the global IVF services market, IVF services market share, IVF services market players, IVF services market size, IVF services market segments and geographies, IVF services market trends, IVF services market drivers and IVF services market restraints, 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.