Overview
The market for in vitro fertilization is set to reach US$12,714 million by 2023. As per market analysts, the global market is anticipated to witness growth owing to the factors such as robust regulatory frameworks as well as high average conception age. However, the in vitro fertilization market will face challenges and restraints due to high cost of treatment and the absence of reimbursement policies during the forecast period 2018 to 2023.
In-Vitro Fertilization (IVF) Market size will witness an impressive CAGR of 10.50% in the forecast period and achieve a valuation of over USD 12,700 Mn as per the latest report published by Market Research Report.
Progressive technology availability in the market is set to play a key role in determining the growth potential during 2018 to 2023 years. Analysts have also studied the market to understand potential threats and challenges the market companies could face. Although the in vitro fertilization market is poised to grow at a fast pace across type, reagents, device, and end-users segments, factors such as the astronomical price of assisted reproductive techniques could slow down the market's growth worldwide.
Market Segmentation
The in vitro fertilization market has been segmented into type, reagents, device, and end-users. Based on the segment which is type, the market is categorized on the basis of intracytoplasmic sperm injection, intrauterine insemination, IVF using donor eggs. The global market for in vitro fertilization is further segmented based on reagents into cryopreservation media, embryo culture media, ovum processing media, and sperm processing media. Furthermore, the market, on the basis of devices, is segmented into cryosystem, imaging systems, micromanipulator, ovum aspiration pump, and sperm separation system. Based on the segment which is end-users, the in vitro fertilization market is categorized on the basis of clinical research institutes, fertility clinics, and hospitals.
The global in vitro fertilization market research report covers all the aspects of the market based on the segmental analysis of these type, reagents, device, and end-users segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The type, reagents, device, and end-users segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the in vitro fertilization market.
Competitive Landscape
In vitro fertilization has seen increased demand over the years, due to the intensification of infertility cases and fertility tourism in developing countries. Companies functioning in the global market are also being challenged due to the absence of insurance coverage and high treatment cost. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2018 to 2023. As the in vitro fertilization market is set to register a high CAGR of 10.50% and is also anticipated to reach a US$12,714 million by 2023, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2023. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the in vitro fertilization market report. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2018 to 2023.
https://www.marketresearchfuture.com/reports/in-vitro-fertilization-market-2289