In Vitro Fertilization Market to Show Significant Growth, Predicts Allied Market Research in Its Report Published at MarketPublishers.com23 Sep 2016 • by Natalie Aster
LONDON – As of 2015, a value of the world’s In Vitro fertilization (IVF) market amounted slightly over USD 9 billion in 2015. This marketplace is set to grow tremendously in the upcoming years to surpass the USD 17.7 billion mark by 2022.
This growth will stem from technological advances (e.g. three-parent IVF procedures).
Some other factors igniting the growth comprise reduced conceiving rates, a favorable reimbursement scenario, delayed pregnancy, and more. Growing clinical research initiatives are one more factor favoring the growth.
The marketplace has also cope with some restraints, such as a high cost of IVF procedures, low awareness, ethical concerns in some countries, etc.
Emerging medical tourism coupled with growing initiatives related to commercialization of cost-efficient treatments is expected to offer lucrative opportunities to providers of IVF services in the years to come.
Europe dominates this market in terms of revenue, while APAC is the swiftest growing regional market due to rising demand for IVF processes. Its CAGR is expected to be more than 13& over the period 2016-2020.
APAC leads the marketplace in terms of a number of IVF cycles performed, and Japan is the number one market in this region.
In-demand research report “In Vitro Fertilization Market by Cycle Type and End User - Global Opportunity Analysis and Industry Forecast, 2014 - 2022” drawn up by Allied Market Research offers a comprehensive discussion of the global IVF marketplace. The study contains a 360-degree overview of the global space. It covers pricing trends in detail.
The report examines the market on the basis of end-users and cycle types. The research study insightfully explores drivers, restraints and opportunities of this space. It investigates regional marketplaces by sharing with a reader information on the number of fertility clinics, regulatory landscape, key players, etc. Major country marketplaces are analyzed, as well.
The report not only contains historical data, but also gives future projections for the marketplace through 2022.
More cutting-edge studies by Allied Market Research are available at its page.