Fertility Services Market Definition

Fertility services are services provided to support the treatment to overcome infertility. These fertility services involve techniques such as in vitro fertilization (IVF), artificial insemination and surrogacy among others, which help by resolving infertility issues among couples and single mothers. Infertility can occur in men or women of child-bearing age. The fertility services market consists of sales and provision of fertility services and related products by entities (organizations, sole traders and partnerships) that provide infertility treatment services which are used to treat infertile patients. Fertility treatment is a medical procedure intended to increase the chances of conceiving a child.

Value Based Care Payment Market Definition

Value based care payment is a system in which the healthcare service providers are compensated and incentivized based on numerous unique quality metrics outlined by each payer, such as treatment outcomes, patient experience, quality, efficacy and cost. The end users of these value-based care payment services include payers such as insurance companies, governments and consumers and healthcare service providers such as hospitals and clinics. The value-based care payment market consists of sales of value-based care payment services by entities (organizations, sole traders and partnerships) that provide such services by which healthcare providers are held accountable for both the cost and quality of the care services provided.

Dental Services Market Definition

The dental services market consists of sales of dental services and related goods by entities (organizations, sole traders and partnerships) that provide general dentistry, oral surgeries and orthodontics and prosthodontic services. This industry comprises establishments of licensed health practitioners having the degree of D.M.D. – Doctor of Dental Medicine, D.D.S. – Doctor of Dental Surgery, or D.D.Sc. – Doctor of Dental Science. Dentists are health practitioners who operate private or group practices in their own premises or in other facilities such as hospitals or health maintenance organization (HMO) medical centers. They provide dental (tooth and gum) preventive, cosmetic maintenance and/or emergency care. They might also specialize in a single field of dentistry.

Telehealth Market Definition

The telehealth market consists of sales of telehealth services, software and hardware by entities (organizations, sole traders and partnerships) that are engaged in providing clinical and non-clinical healthcare services and solutions digitally, for the smooth functioning of healthcare services. Telehealth is the use of electronic data and telecommunications technology to promote long-distance medical healthcare services, patient and professional health education, public health, and health management. Technologies comprise streaming media, teleconferencing, web, store-and-forward imaging, terrestrial and wireless communications. Telehealth includes healthcare services and nonclinical health education and public health programs.

Value Based Care Payment Market Definition And Segments

A value-based care payment is a type of payment that compensates providers for both efficiency and effectiveness by linking payments for care delivery to the level of care they deliver. Value-based care payment is a system in which healthcare providers such as hospitals are paid based on patient's health outcome, quality, efficiency, cost, and patient experience. The main types of models in value-based care payment is accountable care organization (ACO), bundled payments, patient-centered medical home (PCMH), and pay for performance (P4P). A healthcare organization that connects provider compensation to quality measurements and cost-cutting measures is known as an accountable care organization. The different deployment modes include cloud-based, and on-premises and are used in various sectors such as providers, and payer. The value based care payment market covered in this report is segmented – 1) By Model: Accountable Care Organization (ACO), Bundled Payments, Patient-Centered Medical Home (PCMH), Pay For Performance (P4P) 2) By Deployment Type: Cloud Based, On-Premises 3) By End User: Providers, Payer The value based care payment market size has grown rapidly in recent years. It will grow from $2.47 billion in 2023 to $2.77 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to strong economic growth in emerging markets, a rise in healthcare expenditure, growing usage of digital healthcare infrastructure and a rapid development in value-based health care services. The value based care payment market size is expected to see rapid growth in the next few years. It will grow to $4.1 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to an increase in the aging population, growth of the middle-class in emerging markets and a rising prevalence of chronic diseases will drive the growth. Major trends in the forecast period include focus on low-code platforms for value-based care, strategic mergers and acquisitions, implementation of optimal care management strategy, remote patient monitoring as a reimbursable initiative for valued based care and an increase in bundle payments.

Value-Based Healthcare Services Revolutionize The Healthcare Landscape, Driving Growth In The Value-Based Care Payment Market

Rapid development in value-based health care services is expected to contribute to the tremendous growth of the value-based care payment market. Healthcare cost curve and unnecessary health expenditures have been reduced to almost 5.6% on average due to value-based healthcare services. UnitedHealth predicted that $75 billion of its payments to medical care providers will be attached to value-based care relationships. Likewise, the quantity of Accountable Care Organizations (ACO) is expanding, giving more protection and inclusion. For example, according to the analysis in the Journal of Health Affairs, there were more than 1,000 ACOs spread across the USA, which represented more than 1,400 contracts with commercial and government insurers covering more than 32 million Americans. Therefore, rapid expansion in value-based health care services is driving the value-based care payment market demand by increasing the effective usage of services provided to customers focusing on value-based care model rather than the fee-for-service model.

Increasing Health Spending Driving Growth In The Value-Based Care Payment Market

Increasing health spending is expected to propel the growth of the value-based care payment market going forward. Health spending refers to the total amount of money allocated or expended on healthcare services and products within a specific region, country, or healthcare system. Health spending in Value-Based Care is tied to specific health outcomes that is financially rewarded for achieving positive patient outcomes, such as improved health, reduced hospital readmissions, or better management of chronic conditions. For instance, in March 2023, the American Medical Association, a US-based professional association of physicians and medical students stated health spending in the U.S. increased by 2.7% in 2021 to $4.3 trillion or $12,914 per capita. Therefore, excess health spending is driving the value-based care payment market. Major companies operating in the value based care payment market report are McKesson Corporation, Change Healthcare, Premier Inc., NextGen Healthcare Inc., FinThrive, Inc., Unitedhealth Group Inc., Edifecs, Nuna Inc., OM1, Relias, Apollo Specialty Hospital, National Hospital Organisation Medical Center, National Cancer Center Hospital, Tata Memorial Hospital, Phoenix Healthcare Group, JD Health, Alibaba Health Information Technology Ltd., Ping An Healthcare And Technology Co. Ltd., Tencent Holdings Ltd., Wedoctor Holdings (Zhejiang) Co. Ltd., Huma, Cera, Lumeon, Helios Gesundheit, University Clinic Heidelberg (Universittsklinikum Heidelberg), Leiden University Medical Center, Doctorlink, Cigna, GE Healthcare, Siemens Medical Solutions USA, Inc., Etyon Health, Fresenius Medical Care, Medtronic PLC, 3M Healthcare Service Group, F. Hoffmann-La Roche AG, Dickinson And Company, Acelity L.P., Dupatri, Vibe Saúde, Célebre Corretora, Butterfly, Plim, Guepardo Sistemas, LUMC, Afya Ltd., Glic, Iclinic Desenvolvimento De Software Ltda, Glucare Integrated Diabetes Center, Clalit Health Services, Nextstep People Solutions, Athena Health.

Challenges In Healthcare Infrastructure Pose Limitations To The Growth Of The Value-Based Care Payment Market

The lack of health care infrastructure is expected to limit the growth of value-based care payment market. The main reason for this dearth is the lack of willingness of organizations to take the technological risk. For instance, according to a survey, a large portion of the organizations are yet to embrace artificial intelligence (AI) to accelerate value-based care. About 43% of healthcare organizations are uncertain about actualizing AI and another 21% are not prepared for any AI-related innovation. Moreover, only 13% are prepared for AI and have an execution plan set up attributing to the lack of trained staff with knowledge of data analytics. In addition to this, according to a survey of 2,900 medicinal executives through the span of a year, many healthcare facilities lack the infrastructure to integrate patient data effectively, which implies that value-based care payment cannot be used in these organizations. These factors are expected to impact healthcare infrastructure by limiting the value-based care payment industry growth.

Rising Trend Of Value-Based Care Partnerships A Collaborative Approach For Improved Patient Outcomes

Partnerships in value-based care are gaining popularity among the providers as these partnerships allow partners such as manufacturers, payers, and provider organizations to co-develop programs, solutions, and initiatives collaboratively for the benefit of patients and healthcare systems. Value-based partnerships assist with conveying the highest value incentive to the healthcare system and society by concentrating on improving patient results regarding the system and societal total costs. For instance, in June 2021, Humana, a US-based health insurance company acquired value-based home healthcare partner One Homecare Solutions (onehome) from WayPoint Capital Partners to enhance value-based care in home healthcare services.

Home Health Value-Based Purchasing (HHVBP) Model Transforming The Landscape Of Urinary Incontinence & Pelvic Organ Prolapse Devices And Equipment Market

Major companies operating in value-based care payment are adopting innovative models such as home health value-based purchasing (HHVBP) model to increase their revenue in the market. The model was designed to support greater quality and efficiency of care among Medicare-certified Home Health Agencies (HHA) across the nation. For instance, in December 2021, The Centers for Medicare & Medicaid Services, is a US-based federal agency adopted the initial Home Health Value-Based Purchasing Model. The HHVBP Model supported the Department of Health and Human Services’ efforts to build a health care system that delivers better care, spends health care dollars more wisely, and results in healthier people and communities.

Signify Health Expands Its Value-Based Healthcare Portfolio With Acquisition Of Caravan Health

In March 2022, Signify Health, Inc., a Texas-based value-based healthcare platform, acquired Caravan Health for an undisclosed amount. Through this acquisition, a wider variety of value-based and shared savings models, including advanced primary care, specialty care bundles, and total cost of care programs, will now be accomplished by Signify Health. Caravan Health is a US-based company specializing in value-based payment health care. North America was the largest region in the value-based care payment market in 2023. Western Europe was the second largest region in value-based care payment market share. The regions covered in the value based care payment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the value based care payment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain The value-based care payment market includes revenues earned by entities by providing hospital value-based purchasing programs (VBP) and value-based care services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The value-based care payment market research report is one of a series of new reports from The Business Research Company that provides value-based care payment market statistics, including value-based care payment industry global market size, regional shares, competitors with a value-based care payment market share, detailed value-based care payment market segments, market trends and opportunities, and any further data you may need to thrive in the value-based care payment industry. This value-based care payment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Medical Billing Outsourcing Market Definition And Segments

Medical billing outsourcing services are services in which a healthcare provider hires a medical billing service provider outside their practice to do all the billing. The main types of services in medical billing outsourcing are the front end and back end. The front-end is in charge of the patient experience, while the back-end is in charge of claims processing and reimbursement. To push income across the cycle, each component has its own departments, people, and policies. The different components include in-house, and outsourced and are used by various sectors such as hospitals and physician offices. The medical billing outsourcing market covered in this report is segmented – 1) By Service: Front End, Back End 2) By Component: In-house, Outsourced 3) By End User: Hospitals, Physician Offices The medical billing outsourcing, growing demand for cost containment, rising need for data analytics, market size has grown rapidly in recent years. It will grow from $15.12 billion in 2023 to $16.91 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to increasing complexity of medical billing, shift to electronic health records (ehrs), increased patient volume, focus on patient care. The medical billing outsourcing, growing demand for cost containment, rising need for data analytics, market size is expected to see rapid growth in the next few years. It will grow to $27.32 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to telehealth expansion, healthcare it integration, globalization and offshoring, economic and labor factors. Major trends in the forecast period include ai and automation, cybersecurity and data protection, customized revenue cycle solutions, patient-centric billing, technology advancements.

Error Minimization Driving Growth In The Medical Billing Outsourcing Market

The rising need for error minimization contributed to the growth of the medical billing outsourcing market. It is estimated that, in the US, 80% of medical bills contain errors. For instance, Equifax, a credit agency firm, found in its audit that hospital bills ranging above $10,000 have an average error amount of $1,300. It is also estimated that doctors lose around $125 billion each year due to poor billing practices in the USA. The rising need for error minimization and optimization of the billing process drove the medical billing outsourcing market.

Global Healthcare Industry Expansion Driving Growth In The Medical Billing Outsourcing Market

Growing healthcare industry globally is expected to propel the growth of the medical billing outsourcing market going forward. The healthcare sector is a combination and integration of economic sectors that supply goods and services to individuals suffering from various illnesses. The healthcare industry has increasingly turned to outsourcing medical billing services to enhance its efficiency and focus on core patient care. For instance, in October 2023, according to LLCBuddy, a US-based business consulting company, in 2021, North America held a market share of 47.5% in the field of medical billing outsourcing and a revenue share of 38.9% in 2021, the frontend services sector led the medical billing outsourcing market. Additionally, Between 2022 and 2030, the medical billing outsourcing market is expected to experience a compound annual growth rate (CAGR) of 12.03%, ultimately reaching a value of $30.2 billion. Therefore, the growing healthcare industry is expected to drive the growth of the medical billing outsourcing market in the forecast period. Major companies operating in the medical billing outsourcing market include Experian Information Solutions, Cerner Corporation, Kareo, GE Healthcare, Genpact, Quest Diagnostics, McKesson, eClinicalWorks, The SSI Group, HCLTech, Allscripts, R1 RCM, Accretive Health, Connext Global Solutions, AdvancedMD Inc., CareCloud Inc., Revele Billing Services, Infinite Outsourcing Solutions, Promantra Synergy Solutions Ltd., 4D Global Medical Billing Services, Helpware, Wing Assistant, Medwave Billing & Credentialing Services, Atlas Billing Company LLC, GeBBS Healthcare Solutions, Med-Write, Inc., Solutions for Medical Billing, Inc., Onion Creek Medical Billing Services, MedAstin Medical Billing Services, iCare Billing Solutions, Unity Communications LLC, Remote CoWorker, P3 Healthcare Solutions, PracticeMax, RRAH Services, 24/7 Medical Billing Services, MedBillingExperts, Flatworld Solutions Pvt. Ltd., MedUSA Healthcare Services

Variable Costs By The Services Providers Impacting The Medical Billing Outsourcing Market

The variable cost charged in the medical billing services by the service provider is expected to limit the medical billing outsourcing market. According to the Medical Billing Service Review, there is a price for every service provided by medical billing service providers. The charge on the billing services is a percentage ranging between 3% to 10% per bill indicating more the number of patients, more the hospital or clinic should pay to the service providers. The variable cost in the medical billing services has a negative impact on the medical billing outsourcing market.

Cloud-Based Medical Billing Software And Ehr Services In Medical Billing Industry

The medical billing service providers are expanding their service through cloud-based medical billing software and Electronic Health Record (EHR) services. Cloud-based medical billing software provides more security with the patient details compared to the alternatives and companies are launching cloud-based software to provide enhanced security to their clients. For instance, in 2021, Epic Systems, a US based software company providing cloud-based medical software that may be used by a wide range of practice kinds and sizes. With built-in EHR, medical billing and coding, patient management features, and more, their platform provides complete Revenue Cycle Management (RCM) capability.

National Medical Billing Services (NMBS), A Portfolio Company Of Aquiline Capital Partners, Acquired Medtek

In October 2022, National Medical Billing Services (NMBS), a portfolio company of Aquiline Capital Partners, a US-based provider of financial services and technology in the medical sector acquired MedTek for an undisclosed amount. Through this partnership, National Medical strengthens its position as a comprehensive provider of outsourced revenue cycle solutions for ASCs, surgical practices, and anesthesia groups, offering end-to-end services that includes medical billing services to their portfolio. National Medical Billing Services (NMBS) is a US-based industry leading health care revenue cycle management company, that includes CRM, medical billing, managed care contracting, and other solutions serving the medical sector North America was the largest region in the medical billing outsourcing market in 2023. Western Europe was the second-largest region in the global medical billing outsourcing market analysis. The regions covered in the medical billing outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the medical billing outsourcing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada. The medical billing outsourcing market includes revenues earned by entities by providing Medical Billing Services, medical coding services, patient demographic entry, submission of claims, medical coding analysis services, and ASC billing services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The medical billing outsourcing market research report is one of a series of new reports from The Business Research Company that provides medical billing outsourcing market statistics, including medical billing outsourcing industry global market size, regional shares, competitors with a medical billing outsourcing market share, detailed medical billing outsourcing market segments, market trends and opportunities, and any further data you may need to thrive in the medical billing outsourcing industry. This medical billing outsourcing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Robotic Surgery Services Market Definition And Segments

Robotic surgery is a form of minimally invasive surgery in which doctors insert a succession of extremely small incisions and tiny surgical equipment into a patient's body. Robotic surgery is the process of performing a surgery using tools that are attached to a robotic arm. It is used to perform surgery with high precision. Robotic surgery services are used in various applications such as general surgery, urological surgery, gynecological surgery, orthopedic surgery, neurosurgery, and others. General surgery is the branch of surgery that deals with the most common surgical procedures. The abdomen, breasts, head and neck, blood arteries, and digestive tract are all treated by general surgeons. They also oversee the treatment of patients who have been wounded, or who have abnormalities or other medical issues that necessitate surgery. The different sectors include hospitals, and ambulatory surgery centers (ASCs) and involve various components such as systems, accessories, and services. The robotic surgery services market covered in this report is segmented – 1) By Component: Systems, Accessories, Services 2) By Application: General Surgery, Urological Surgery, Gynecological Surgery, Orthopedics Surgery, Neurosurgery And Other Applications. 3) By End-Use: Hospitals And Ambulatory Surgery Centers (Ascs). The robotic surgery services market size has grown rapidly in recent years. It will grow from $1.01 billion in 2023 to $1.19 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to rise in use of surgical robots, growth in the number of healthcare facilities, favorable government legislations and increased healthcare spending and rapid growth in the elderly population. The robotic surgery services market size is expected to see rapid growth in the next few years. It will grow to $2.04 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to increasing product launches, minimally invasive surgeries, increasing prevalence of chronic diseases and rise in healthcare expenditure. Major trends in the forecast period include in-vivo robots in surgery services, new technology development, increase in merger and acquisition activities, nanobots in surgery services and artificial intelligence in robotic surgery services.

Growth In Robotic Surgery Services Market Fueled By Hospital Investment

Increase in purchasing power of hospitals and ambulatory care services has helped in the growth of the robotic surgery service market. Hospitals and ambulatory care services are interested in buying latest technologies to provide advanced care to the patients as well as to achieve an edge over their competitors. For instance, Intuitive Surgical, the robotic surgical giant, In 2022, approximately 1,875,000 surgical procedures were performed using da Vinci Surgical Systems, up from 18% compared with approximately 1,594,000 surgical procedures performed using da Vinci Surgical Systems, and revenues from da Vinci Surgical Systems in the fourth quarter were approximately $1.66 billion in 2022, up from 7% compared with $1.55 billion in 2021.Therefore, the purchasing power of hospital and ambulatory care services coupled with the increase in the geriatric population and prevalence of chronic illness have contributed to the growth of the robotic surgery services market.

Robotic Surgery Services Market Driven By Increasing Prevalence Of Chronic Diseases

Rise in chronic diseases are expected to propel the growth of the robotic surgery services market going forward. Chronic disease is a form of illness that lasts for three months or more and can deteriorate with time. Robotic surgery services are used for minimally invasive procedures to treat chronic diseases which are less pain, reduces scarring, and shorter recovery times compared to traditional open surgeries. For instance, in January 2023, according to the National Library of Medicine, a US-based agency, the number of people in the US aged 50 and older who have at least one chronic condition would increase by 99.5%, from 71.522 million to 142.66 million by 2050. Therefore, the rise in chronic diseases drive the growth of the robotic surgery services market. Major companies operating in the robotic surgery services market report are Tenet Healthcare Corporation, HCA Healthcare, Inc., Asklepios Kliniken Verwaltungsgesellschaft Mbh, Apollo Hospitals Enterprise Ltd., Bumrungrad International Hospital, Fortis Healthcare, Bangkok Hospital, Spire Healthcare Group PLC, Saudi German Hospitals Group, Raffles Medical Group, SS Innovations Private Limited, Private Limited, CMR Surgical India Pvt. Ltd., Medicaroid Corp, Asahi Surgical Robotics Co Ltd., HOZ Medical, Medtronic Australasia, Taimi Robotics Technology, Wenshi Robot, Borns Medical RoboticsK, ewei Robot, Horizon Robotics, Avateramedical GmbH, Zimmer Biomet Robotics, Medtech SA, KB Medical SA, Senhance, Archer Daniels Midland Company, Barentz Group Companies, CHR Hansen, Asensus Surgical, Intuitive, Medrobotics Corporation, Medical Inc., Smith & Nephew, Restoration Robotics, Hansen Medical, RTI Connext DDS, Robotic Surgerya, Stryker Corporation, Mazor Robotics, Renishaw PLC, Stereotaxis Inc., Capsa Healthcare, ReWalk Robotics, Hocoma, Accuray Incorporated, Corindus, InTouch Health Inc

Robotic Surgery Services Face Safety Concerns And Product Recall Challenges

Safety concerns regarding the use of robotic surgery services are likely to cause a hindrance to the robotic surgery services market. According to a study on adverse events with robotic-assisted arthroplasty by American Academy of Orthopedic Surgeons, the unexpected robotic arm movement during bone cuts during TKA was the most common adverse event (AE), accounting for 28.9% of all reported AEs, followed by erroneous bone cuts (12.7%) and the robotic component leaking fluid or having residual contaminants (12.3 percent). Accurate bone resections accounted for more than a quarter of all adverse events associated with robotic-assisted PKA. A registration checkpoint being left in the patient accounted for 43.2 percent of all reported adverse events (AEs) in THA patients. Therefore, the safety issues pertaining to robotic surgeries leading to product recalls is expected to hinder the growth of the robotic surgery services market.

Emergence Of Image-Guided Navigation Systems In Robotic Surgery Services

The image guide navigation system combined with the robotic surgery system offers more possibility to visualize and perform minimally invasive surgery in areas that were earlier difficult, especially the orthopedic surgeries and neurosurgeries. The Mazor X Stealth system by Medtronic, and the NuVasive's Pulse and Excelsius GPS by Globus Medical, among others use image-guided navigation systems to perform spine surgeries, and orthopedic implant surgeries such as total, partial knee, and hip replacements as they provide the surgeon with 3D experience. The image-guided navigation reduces the radiation effects and patients do not require to take an X-ray after the procedure. These factors state that the image-guided navigation system is expected to be a trend in robotic surgery services.

Technological Advancements In Robotic Surgery Services

Major companies operating in the robotic surgery services market are focusing on innovating products with technology, such as the Da Vinci Xi Robotic Surgical System, to provide reliable services to customers. The Da Vinci Xi Robotic Surgical System is used for robotic surgery services by providing an effective, minimally invasive alternative to both open surgery and laparoscopy. For instance, in June 2023, Apollo Hospitals Enterprise Limited, an India-based healthcare company, launched the Da Vinci Xi Robotic Surgical System. The Da Vinci Xi Robotic Surgical System is a surgical robot used to treat a variety of conditions, including cancer, colorectal disorders, gynecologic conditions, heart disease, head and neck disorders, thoracic disorders, and urological disorders. It is equipped with HD cameras that provide superior visualization capabilities, and it has greater dexterity than the human hand, allowing it to rotate 360 degrees.

Medtronic Plc. Expands Robotic Surgery Capabilities With Digital Surgery Acquisition

In February 2022, Medtronic PLC., a US-based medical device company, acquired Digital Surgery for an undisclosed amount. Through this acquisition, Digital Surgery will enhance Medtronic's robotic-assisted surgery platform and expand Medtronic's wider range of products. Digital Surgery is a UK-based is a privately held pioneer in digital education and training, data and analytics, and surgical artificial intelligence (AI). North America was the largest region in the robotic surgery services market in 2023. Western Europe was the second largest region in the global robotic surgery services market share. The regions covered in the robotic surgery services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the robotic surgery services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain The robotic surgery services market includes revenues earned by entities by providing robotic gynecological services, robotic prostate surgery services, robotic kidney surgery services, and robotic colorectal surgery services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The robotic surgery services market research report is one of a series of new reports from The Business Research Company that provides robotic surgery services market statistics, including robotic surgery services industry global market size, regional shares, competitors with a robotic surgery services market share, detailed robotic surgery services market segments, market trends and opportunities, and any further data you may need to thrive in the robotic surgery services industry. This robotic surgery services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

IVF Services Market Definition And Segments

IVF is a process of fertilization where an egg is combined with sperm outside the body, in vitro (in glass). In vitro fertilization (IVF) is a sophisticated set of treatments intended to improve fertility, avoid genetic issues, and aid in child conception. It is used to address infertility. The main types of cycles in IVF services markets are fresh IVF cycles (non-donor), thawed IVF cycles (non-donor), and donor egg IVF cycles. When an IVF cycle is completed utilizing eggs and embryos that have never been frozen, it is referred to as a fresh IVF cycle. After the eggs are extracted, they are fertilized in the lab with semen. The different service providers include fertility clinics, hospitals, surgical centers, clinical research institutes and is used in various sectors such as fertility clinics, hospitals, and other settings. The IVF services market covered in this report is segmented – 1) By Cycle Type: Fresh IVF Cycles(Non-donor), Thawed IVF Cycles(Non-donor), Donor Egg IVF Cycles 2) By Service Provider: Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes 3) By End User: Fertility Clinics, Hospitals & Other Settings The IVF services market size has grown rapidly in recent years. It will grow from $17.13 billion in 2023 to $19.07 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to increased increasing prevalence of pcos condition, increased cases of the premature ovarian failure, increasing rate of male infertility and insurance coverages to ivf procedures. The IVF services market size is expected to see strong growth in the next few years. It will grow to $27.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rising infertility rate, technological developments regarding fertility treatment, growing adoption of IVF services to aid in pregnancy, rising number of same sex couples, increase in number of fertility clinics, rise in disposable income and late parenthood. Major trends in the forecast period include providing mitochondrial replacement therapies to potentially overcome genetic disorders, adopting new technologies and provide and better solutions to people seeking for fertility treatments., offering PGT-A screening or testing program to potentially increase the chances of pregnancy, using artificial intelligence to reduce costs and time, implement blockchain based apps and adopting advanced technologies such as time-lapse microscopy for safe, uninterrupted and constant embryo observation.

Rising Infertility Rates Drive Growth In The In Vitro Fertilization (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.

Government Initiatives For Fertility Treatment Access Fuel Growth Of Ivf Services Market

Government initiatives for the access of fertility treatments is expected to propel the growth of the IVF services market going forward. Government initiatives refer to specific actions, programs, policies, or projects that are undertaken by a government or its various agencies to address specific issues, achieve particular goals, or promote certain outcomes within a society or nation. Several government authorities are initiating various initiatives to support the IVF services market. For instance, in January 2023, the New South Wales Ministry of Health, an Australia-based government organization, the New South Wales (NSW) government committed $80 million from 2022-23 to 2025-26 to increase access to affordable fertility treatments under the NSW Affordable IVF Program. Therefore, government initiatives for access of fertility treatments drives the IVF services market. Major companies operating in the IVF services market report are Monash IVF Group, Virtus Health Limited, Chelsea and Westminster Hospital NHS Foundation Trust, Genea Limited, Boston IVF, IVF Spain, Morpheus Life Sciences Pvt. Ltd., Dünya IVF, Cardone Reproductive Medicine & Infertility LLC, Cloudnine Fertility, Sun Pharmaceuticals Industries Ltd., Cadila Healthcare Ltd., Trivector Origio Scientific, Lab IVF Asia Pte Ltd., LG Life Sciences, Bourn Hall Clinic, Southend Fertility, Indira IVF, Pearl Women Hospital & Yash IVF Center, Corion Fertility Clinic, Origin International Fertility Center, Apollo Hospitals Dhaka, Australian Concept Infertility Medical Center (ACIMC), Bahosi Fertility Centre,, Bloom Fertility and Healthcare, Bumrungrad International Hospital, Center for Advanced Reproductive Medicine and Infertility, CHA Fertility Center, United Family Healthcare, The New Hope Fertility Center, Melinda Hospital, Bocah Indonesia, Daya Medika, Clinique de la Muette, Klinikum Stuttgart, DRK Kliniken Berlin, University Medical Center Freiburg, CREATE Fertility, The Centre for Reproductive & Genetic Health, The Bridge Centre, Next Generation Clinic, UNICA Clinic – Prague, Repromeda s.r.o., MD Medical Group, Univfy, Progyny, Advantia Health, Maven Clinic, Future Family, Instituto de Fertilidad Humana, The Colombian Center for Fertility and Sterility, NMC Health, Dubai Gynecology and Fertility Centre,, New Life Medical Centre, Cairo Fertility Centre (Egypt), Queens Fertility Centre (Egypt), BPE Partners, Cleopatra Hospitals Group (CHG)

High Costs Impede Access And Market Growth Of In-Vitro Fertilization (IVF) Services

The high cost of IVF services limits the in-vitro fertilization (IVF) services market. For instance, the cost of a basic IVF package ranges from $4,700 to $20,000, and the average price in the USA is around $12,000. The total cost of a single IVF cycle can range between $8,000 to $30,000. According to FertilityIQ, the cost of IVF services was around $22,000. In emerging economies like India, the cost of IVF services ranges from INR 70,000 to INR 300,000 ($841 to $3,605) which is expensive for people in developing countries. The high cost of IVF services makes it unavailable to low- and middle-income populations negatively affecting the IVF services' market growth.

Enhancing IVF Success With The Role Of Platelet-Rich Plasma (PRP) In Addressing Recurrent Implantation Failures

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 egg quality, uterine lining thickness and endometrial receptivity, and the treatment is primarily for recurrent implantation failure over multiple IVF cycles. According to an article published by the Journal of Assisted Reproduction and Genetics, women treated with PRP experienced a significant improvement in Follicle-Stimulating Hormone (FSH), Anti-Müllerian Hormone (AMH), and Antral Follicle Count (AFC) and help improve fertility.

Increasing Focus On Innovative Ivf Treatments To Gain A Competitive Edge In The Market

Major companies operating in IVF services are developing innovative IVF treatments using artificial technology to gain a competitive edge in the market. The use of AI in IVF has the potential to revolutionize the field of fertility care by providing personalized, data-driven insights for both clinicians and patients. For instance, in October 2022, Alife Health, a US-based healthcare company launched new artificial intelligence software. This technology advances IVF treatment outcomes, lower costs and help fertility clinics optimize and support clinical decision-making during critical stages of the IVF process.

Bpea Eqt's Acquisition Strengthens Indira IVF's Expansion Goals And Accessibility Of Fertility Services

In July 2023, BPEA EQT, a Hong Kong-based investment company, acquired a 60% stake in Indira IVF for approximately $657 million. With this acquisition, Indira IVF aims to strengthen its footprint across India, explore expansion into neighboring markets, and make fertility services and reproductive health more accessible to couples. Indira IVF is an India-based company that provides IVF services. Western Europe was the largest region in the IVF services market in 2023. North America was the second largest region in global IVF services market share. The regions covered in the ivf services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the ivf services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain The IVF services market includes revenues earned by entities by providing services such as conventional insemination services, and intracytoplasmic sperm injection services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The IVF services market research report is one of a series of new reports from The Business Research Company that provides IVF services market statistics, including IVF services industry global market size, regional shares, competitors with an IVF services market share, detailed IVF services market segments, market trends and opportunities, and any further data you may need to thrive in the IVF services industry. This IVF services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.