According to a new report published by Allied Market Research, titled, “IVF Services Market, by Cycle Type and End User: Global Opportunity Analysis and Industry Forecast, 2018-2026″ the global IVF services market size generated $12.5 billion in 2018, and is projected to reach $25.6 billion by 2026, growing at a CAGR of 9.3% from 2019 to 2026.
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In vitro fertilization (IVF) is a type of assisted reproductive technology in which the ovum is artificially fertilized in laboratory settings and then implanted into the uterus. IVF is one of the widely used treatments, which assists couples with infertility problems and single mothers & the LGBT community to procreate. Increase in infertility rate, rise in trend of delayed pregnancies, surge in IVF success rate, and upsurge in disposable income worldwide drive the growth of the IVF services market globally. However, the In vitro fertilization services market growth is restricted by higher cost, complications associated with IVF treatment, and low awareness level for IVF in some underdeveloped regions.
Key Finding of The IVF Services Market:
- Thawed IVF cycle (non-donor) segment is expected to grow at a significant CAGR of 10.7% (in terms of value) from 2019 to 2026.
- U.S. generated the highest revenue in the global IVF services market in 2018, accounting for one-fourth of the global In vitro fertilization services market.
- In terms of volume, the Asia-Pacific region witnessed the highest number of IVF treatments, accounting for nearly half of the global IVF cycles in 2018, and is expected to remain dominant during the forecast period.
- Asia-Pacific is expected to register the highest CAGR of 12.0% (in terms of value) throughout the forecast period.
IVF Services Market Segments:
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
Region segment review
Region wise, the IVF services market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest market share in 2018, and is expected to retain its dominance throughout the forecast period. This is attributed to presence of high population base in countries such as India & China, increase in awareness about IVF treatment, low costs of IVF treatments, rise in number of infertile population, and surge in disposable income.
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