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    InVitro Fertilization (IVF) Market Report

    InVitro Fertilization (IVF) Market Report
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    Global InVitro Fertilization (IVF) Market, Dynamics, Market Analysis
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    Market Insights

    The Global InVitro Fertilization (IVF) Market is expected to grow from USD 705.6 million in 2020 to USD 1,263.7 million by 2026 at a CAGR of over 10.3% during the forecast period.

    Figure: Global InVitro Fertilization (IVF) Market Size, 2020-2026 (USD Million)

    InVitro-Fertilization-Market-Forecast

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    What is InVitro fertilization?

    InVitro fertilization is defined as a type of assisted reproduction in which a women’s eggs and man’s sperms are combined outside of the body in a Petri/laboratory dish. Invitro fertilization is the most widely used method for assisted reproduction due to the usage of advanced technology and favorable reimbursement policies.

    Key Players

    Key players operating in the global InVitro Fertilization (IVF) Market are-

    • CooperSurgical, Inc. (The U.S.),
    • Vitrolife (Sweden),
    • Cook Medical Incorporated (The U.S.),
    • Thermo Fisher Scientific (The U.S.),
    • Irvine Scientific (The U.S.),
    • Genea Limited (Australia),
    • The Baker Company, Inc. (The U.S.),
    • Kitazato Corporation (Japan),
    • Esco Micro Pte Ltd (Singapore),
    • EMD Serono (The U.S.),
    • IVFtech ApS (Denmark), and
    • Rocket Medical (UK).

    Market Dynamics

    Technological advancement in the in-vitro fertilization-assisted reproduction method is the prominent trend noticed in the global market.

    • The growth of the global in-vitro fertilization (IVF) market is primarily driven by declining fertility rates owing to various factors such as stress, pollution, increase in several people smoking, and obesity.
    • Increasing awareness among people regarding infertility and the availability of various methods to treat infertility problems is likely to create lucrative opportunities for the players operating in the global in-vitro fertilization market during the review period.

    Segment Analysis

    End User Trends

    Based on end user, the market has been segmented into fertility clinics & surgical centers, hospitals & research laboratories and cryobanks.

    • The fertility clinics & surgical centers segment accounted for the largest market share in 2020.
    • The segment growth can be attributed to increasing number of fertility clinics centers coupled with rising infertility rates globally.

    Regional Trends

    Geographically, the market in Europe accounted for the largest market share in 2020 owing to increasing infertility rates; rising awareness, and continuous spending on R&D activities to develop technologically advanced solutions for health problems. The market in Asia-Pacific is expected to register the fastest growth during the review period on account of the growing median age of first-time motherhood, rising infertility rates, and low treatment costs.

    COVID-19 Impact on Global InVitro Fertilization (IVF) Market

    The market growth was affected when the governments across geographies-imposed lockdown as it resulted in travel restrictions. Also, many non-essential medical and surgical procedures including in-vitro fertilization were put to a halt which affected the market growth. Various patients agreed to cancel fertility cycles due to fear of infection which further affected the market growth. However, patients are likely to resume IVF treatment with a decline in covid-19 cases and availability of vaccines.

    Critical Questions Answered in the Report

    • What are the key trends in the global invitro fertilization (IVF) market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global invitro fertilization (IVF) market?
    • What are the key strategies adopted by the major vendors to lead in the global invitro fertilization (IVF) market?
    • What is the market share of the top vendors?

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    Target Audience

    The following is a list of the customers that the Global Invitro Fertilization market aims to convert the most:

    • InVitro fertilization (IVF) manufacturers
    • InVitro fertilization (IVF) suppliers
    • InVitro fertilization (IVF) distributors
    • Organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The in-vitro fertilization market size is expected to reach USD 1,263.7 million in the foreseeable future.

    CooperSurgical, Inc. (The U.S.), Vitrolife (Sweden), Cook Medical Incorporated (The U.S.), Thermo Fisher Scientific (The U.S.), Irvine Scientific (The U.S.), Genea Limited (Australia), The Baker Company, Inc. (The U.S.), Kitazato Corporation (Japan), Esco Micro Pte Ltd (Singapore), EMD Serono (The U.S.), IVFtech ApS (Denmark) and Rocket Medical (UK) are among the key player in the in-vitro fertilization market.

    The in-vitro fertilization market is expected to witness an impressive growth of 10.3% CAGR in the coming years.

    Asia-pacific is expected to register the fastest growth in the in-vitro fertilization market during the forecast period.

    Europe accounted for the largest share of the in-vitro fertilization market in 2020.

    The fertility clinics & surgical centers segment accounted for the largest share of the invitro fertilization market in 2020.

    Technological advancement in the in-vitro fertilization-assisted reproduction method, declining fertility rates owing to various factors such as stress, pollution, increase in several people smoking, and obesity, Increasing awareness among people regarding infertility and the availability of various methods to treat infertility problems are the factors driving the growth of in-vitro fertilization market.

    InVitro fertilization (IVF) manufacturers, InVitro fertilization (IVF) suppliers, InVitro fertilization (IVF) distributors, Organizations, Government bodies are the target audience in the in-vitro fertilization market.