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In-vitro Fertilization Services Market 2020 By Regional Trend & Growth Forecast To 2025

Author : Ronak Bora | Published Date : 2020-09-15 

In-vitro Fertilization Services Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Rapidly increasing incidences of infertility among females and transforming lifestyles will help to drive in-vitro fertilization services market size by 2025. Several government initiatives have also been established to encourage the growth of in-vitro fertilization industry size. For example, in October 2015, Ontario Health Minister had reportedly announced to invest $50 million annually for in-vitro fertilization. Such schemes will persuade people to adopt IVF services which in turn is likely to boost IVF services market trends over 2019-2025.

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Escalating infertility rates in females will contribute significantly toward augmenting in-vitro fertilization services industry share. Deficiency disorders and genetic defects are a few of the key parameters which have led to the growth of infertility. Furthermore, expanding rates of sexually transmitted diseases augments infertility rates and leads to the greater adoption of in-vitro fertilization services – aspects that will be responsible for the amplifying expansion of IVF services business outlook.

In-Vitro fertilization technique is predicted to contribute substantially to IVF services market share with an anticipated CAGR of 7.8% over 2019-2025.

According to the Centers for Disease Control and Prevention (CDC), around 30% of woman aged between 40 to 44 experience infertility. Chances of naturally conceiving are also lower after 40. In fact, studies suggest that women after 40-year have only 5% chance of getting pregnant along with longer time to conceive. Another factor working against women above 40 is miscarriage. As per reports, about 34% of pregnancies end in miscarriage for women aged between 40 to 44, and 53% of pregnancies end in miscarriage for women after age 45.

Thus, IVF services offer a better chance of conceiving for women in this age bracket (40s). The technique has better success rate compared to other technologies and also works with women having certain clinical conditions like diabetes, high blood pressure, preeclampsia and cancer. In fact, in 2019, a 40-year-old woman suffering from breast cancer for over five years delivered a boy through in vitro fertilization (IVF) method.

New government regulation promoting adoption of IVF services will further support industry trends. Reportedly, the People’s Action Party (PAP) Women’s Wing in a position paper proposed plans to allow women above age 45 to undergo in-vitro fertilization (IVF) treatment in Singapore, a move that will boost support for parents and families and further offer new growth opportunities to IVF services market.

Infertility is becoming a public health issue in Europe with one in ten men and one in eight women in the UK facing fertility issue and struggling to get pregnant for at least a year, according to a new study. Reportedly, Europe is only producing 1.6 children per woman, whereas couples reporting to infertility centers across Europe are increasing by 8-9% annually.

Growing prevalence of infertility and spreading awareness regarding IVF is expected to foster regional IVF services market share. In 2018, Fertility Europe, an organization for infertility patient associations, launched the 3rd edition of the European Fertility Week to raise awareness regarding infertility. Moreover, growing advancements in the region’s healthcare and pharmaceutical sectors would accelerate growth in the Europe IVF services market size.

Infertility in India has risen exponentially over the past few decades. According to the Indian Society of Assisted Reproduction (IFFS), infertility affects about 10% to 14% of the Indian population, with rates being higher in urban areas. Moreover, almost 27.5 million couples currently trying to conceive suffer from infertility in India.

Increasing urbanization, rising alcohol consumption, sedentary lifestyles, obesity, and poor eating habits are leading factors causing infertility among men and women. Increasing social pressure for raising children coupled with high prevalence of fertility problems have led to increased propensity to seek fertility treatment by couples in India, factors that are anticipated to generate new growth prospects for regional players operating in Asia Pacific IVF services market.

In vitro fertilization (IVF) is a series of procedures used to help with fertility or prevent genetic disorders and assist with the conception of a child. The technology has gained increased traction lately owing to increasing occurrence of infertility especially among people living in urban areas. The technology is also being used for breeding animals that are about to be extinct. Demand for IVF procedures is increasingly being witnessed across Europe and Asia lately and is expected to grow further over the coming years. Global Market Insights, Inc. estimates In vitro fertilization (IVF) services market to exceed USD 17.3 billion by 2025. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/in-vitro-fertilization-services-market

Partial Chapter of the Table of Content 

Chapter 4. In-vitro Fertilization Services Market, By Product

4.1. Key segment trends

4.2. In-vitro fertilization (IVF)

4.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.3. Intracytoplasmic sperm injection (ICSI)

4.3.1. Market size, by region, 2014 – 2025 (USD Million)

Chapter 5. In-vitro Fertilization Services Market, By Age Group

5.1. Key segment trends

5.2. Below 34

5.2.1. Market size, by region, 2014 – 2025 (USD Million)

5.3. 35-39

5.3.1. Market size, by region, 2014 – 2025 (USD Million)

5.4. 40-42

5.4.1. Market size, by region, 2014 – 2025 (USD Million)

5.5. 43 and Above

5.5.1. Market size, by region, 2014 – 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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