July 16, 2020
According to the research report titled ‘Global In Vitro Fertilization (IVF) Services Market Size study with COVID-19 impact, by Cycle Type (Fresh IVF cycles (non-donor), Thawed IVF cycles (non-donor), Donor egg IVF cycles), by End-User (Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes) and Regional Forecasts 2020-2026’ available with Market Study Report LLC, global in vitro fertilization (IVF) services market is projected to register significant growth during 2020-2026.
In vitro fertilization (IVF) is a process that involves energizing ovulation phase, removal of ovum from the ovaries of women, and enabling the sperm to fertilize eggs in media in a laboratory. These services are used when women have polycystic ovarian syndrome, cervical issues, complications with ovulation, fibroids, endometriosis or when causes of infertility are unknown.
Growing cases of infertility among people, rise in trend of delayed pregnancies and technological advancements in IVF are major factors contributing to the growth of global in vitro fertilization services market. Also, increase in government funding to promote the utility of IVF services is further fueling the market growth.
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However, high cost of IVF treatment and lack of uniform regulatory framework are restraining the market growth to some extent. Besides, increasing prevalence of COVID-19 has shifted focus of medical professionals towards treating the virus, which will hamper the business outlook of global in vitro fertilization services market.
As per end-user spectrum, the market is segmented into hospitals, clinical research institutes, fertility clinics, and surgical centers. With respect to the cycle type, the industry is categorized into thawed IVF cycles, fresh IVF cycles, and donor egg IVF cycles.
Based on regional overview, the market is divided into Asia Pacific, Europe, Latin America, North America, and Rest of the World. Asia-Pacific in vitro fertilization services market is poised to grow rapidly through 2026, due to rising awareness about IVF treatment and increasing proportion of infertile population in the region.
Key players in global in vitro fertilization (IVF) services market are Ambroise Paré Group, Bangkok IVF center (Bangkok Hospital), EUVITRO S.L.U., CHA Fertility Center, Morpheus Life Sciences Pvt. Ltd., Houston Fertility Center, Servy Massey Fertility Institute, AMP Center St Roch, Fakih IVF Fertility Center, and Thomson Medical Pte. Ltd. among others.