Asia Pacific is the largest regional market for in vitro fertilization market
Northbrook, IL 60062 -- (SBWIRE) -- 05/19/2022 -- The Research Report on "In Vitro Fertilization Market/IVF Market by Product (Micromanipulators, Incubators, Cabinets, Imaging System, Laser System, Reagents & Accessories), Type (Conventional IVF, IVF with ICSI), End User (Fertility Clinics, Hospitals, Cryobanks) - Global Forecast to 2026", the global in vitro fertilization market is projected to reach USD 987 million by 2026 from USD 638 million in 2021, at a CAGR of 9.1% from 2021 to 2026. The key factors fueling the growth of this market include an increase in the median age of first-time mothers, declining fertility rates, rising male infertility, rise in obesity rate and growing consumption of alcohol, and growing awareness about the availability of treatment options.
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Industry Segmentation In Detailed:
The equipment to capture the largest share in in vitro fertilization market, by products during the forecast period.
The equipment segment is expected to witness the highest growth rate during the forecast period. The high growth in this owes to the increasing number of IVF procedures and introduction of highly advanced IVF equipment by well-established manufacturers in the market.
The fresh non-donor segment to capture the largest market share of in vitro fertilization market, by the type of cycle in 2021.
The fresh non-donor segment captured the largest share of the in vitro fertilization market cycles during the forecast period. High success rates, ease in the implantation process, and enhanced embryo production are responsible for the large share of this segment.
The IVF with ICSI segment registered the highest growth rate of the in vitro fertilization market, by type, in 2021.
The IVF with ICSI segment registered the highest growth rate of the in vitro fertilization market. The success rate of fertilization with ICSI procedure, and the growing utilization of the ICSI during IVF procedure are anticipated to boost the adoption of IVF with ICSI procedures, accelerating the growth of the segment during the forecast period.
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Leading Key Players and Analysis:
The prominent players operating in the global in vitro fertilization market include The Cooper Companies Inc. (US), Cook Group (US), Vitrolife (Sweden), Thermo Fisher Scientific, Inc. (US), Esco Micro Pte. Ltd. (Singapore), Genea Limited (Australia), IVFtech ApS (Denmark), FUJIFILM Irvine Scientific (US), The Baker Company, Inc. (US), Kitazato Corporation (Japan), Corning Corporation (US), Hamilton Thorne Ltd. (US), ZEISS Group (Germany), FERTIPRO NV(Belgium), and Eppendorf (Germany).
Geographical Analysis in Detailed:
Asia Pacific dominates the in vitro fertilization market. Significant rise in the medical tourism, Increase in the awareness of availability of in vitro fertilization procedures, reduced IVF treatment procedures, growing fertility clinics in the region, rising healthcare expenditures, and growing adoption of assisted reproductive technology in the emerging nations.
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