Global IVF Services Market Report 2022 – Market Forecast, Trends And Strategies
16 Feb, 2022
The global IVF services market size is expected to grow from $13.68 billion in 2021 to $15.38 billion in 2022 at a compound annual growth rate (CAGR) of 12.5%. The growth in the market is mainly due to the companies 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 IVF services market is expected to reach $23.12 billion in 2026 at a CAGR of 10.7%.
What is the Global IVF Services Market?
The IVF services market consists of sales of in-vitro fertilization (IVF) services by entities (organizations, sole traders and partnerships) that provide these services. 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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What drives the Global IVF Services Market?
The rising infertility rate contributed to the growth of the in vitro fertilization (IVF) services market. Infertility is known as the inability to conceive within 12 months. According to the US Department of Health and Human Services, around 12 to 13 couples in 100 have a problem in conceiving. Moreover, according to the Indian Journal of Community Medicine, 15 to 20 million infertility cases are in India alone. The rising infertility rate made people resort to IVF services contributing to the growth of the market.
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https://www.thebusinessresearchcompany.com/report/ivf-services-global-market-reportGlobal IVF Services Market Segments
The global IVF services market is segmented:
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 and Other Settings
By Geography: The regions covered in the IVF services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Western Europe accounts for the largest share in the global IVF services market.
IVF Services Global Market Report 2022provides market size and growth forecasts for the global IVF services market, global IVF services market share, IVF services market segments and geographies, IVF services market competitive landscape including 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.
Global IVF Services Industry Playersinclude Ambroise Par Group, amedes MVZ Köln GmbH, AMP Center St Roch, AVA Clinic Scanfert, Bangkok IVF center, Betamedics, Bloom Fertility and Healthcare, Bourn Hall Fertility Center, Biofertility Center and Chelsea and Westminster Hospital (Assisted Conception Unit). Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.