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The increase in the incidence of male and female infertility and the growing number of women in the workforce are key factors behind the revenue growth of the market
— Emergence Research
VANCOUVER, BRITISH COLUMBIA, CANADA, Sept. 20, 2022 /EINPresswire.com/ — The global In Vitro Fertilization Services Market report assesses the historical and current data along with in-depth analysis of the market dynamics. The report also highlights the significant factors driving and restraining the market growth, which are expected to influence the market growth during the forecast period. The report focuses on potential growth opportunities and restraints that the industry’s leading players might face throughout the forecast period.
The market is seeing sales growth due to changes in consumer behavior, an increase in the number of women in the workforce, a preference for late pregnancy, a shift from rural to urban regions, a decline in marriage rates, and a rising trend in same-sex marriages. According to the American Society for Reproductive Medicine (ASRM), around 6.7 million women in the United States are affected by a failure to conceive. Additionally, 25% of Americans have more than one infertility factor. In addition, researchers have developed techniques that are applied in advance to increase the success rate of in vitro fertilization.
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The reagents segment had a larger revenue share in 2021 owing to the increasing number of in vitro fertilization procedures. Increased demand for cryopreservation, embryo and sperm preparation is driving segment revenue growth. The revenue from the frozen non-donor segment is expected to register a significantly rapid growth rate during the forecast period due to the established reliability and higher success rate of frozen non-donor for pregnancy. The cost of the procedure is also lower compared to cycles that use fresh embryos and eggs. A frozen transfer is easier for both the reproductive endocrinologist and the patient. This procedure is also mentally and physically less stressful for the woman’s body. Fertility clinics play an important role in healthcare systems and can help individuals and couples identify, diagnose, and find an appropriate solution to fertility issues.
The report further examines the major companies in the industry and their company profiles, product portfolio, expansion strategies and strategic alliances such as mergers and acquisitions, collaborations and joint ventures, among others. It also provides insights into their market reach and global position, as well as highlights about their achievements and financial standing.
Some of the major companies operating in the In Vitro Fertilization Services market include:
Vitrolife AB, CooperSurgical, Inc., Thermo Fisher Scientific Inc., The Baker Company, Inc., Kitazato Corporation, Cook Medical, Inc., Esco Micro Pte. Ltd., OvaScience, Boston IVF and EMD Serono Inc.
Emergen Research has segmented the global IVF services market based on procedure, product, end-use and region:
• Process Outlook (Revenue, $Bn; 2022-2030)
o Fresh donor
o Fresh non-donor
o Frozen donor
o Frozen Non-Donor
• Product Outlook (Revenue, $Bn; 2022-2030)
1. Cryopreservation Media
2. Ovum Processing Media
3. Embryo Culture Media
4. Sperm processing media
1. Sperm Separation System
2. Imaging System
5. Ovum Aspiration Pump
6. Micromanipulation system
7. Gas analyzer
9. Anti-vibration tables
10. Laser system
12. Witness System
• End Use Outlook (Revenue, $Bn; 2022-2030)
o Research Laboratories
o Fertility clinics
o Surgical centers
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The report further examines the market in key regions of the world in terms of production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions in the Regional Analysis section.
The major regions in the market include:
• North America
o Great Britain
o Rest of the EU
• Asia Pacific
Oh South Korea
o Rest of APAC
• Latin America
o Rest of Latin America
• Middle East and Africa
o Saudi Arabia
o United Arab Emirates
o South Africa
o Rest of MEA
Key questions addressed in the report:
• Who are the leading players in the In Vitro Fertilization Services industry?
• Which region is expected to dominate the market in the coming years?
• What are the main uses of in vitro fertilization services?
• Which segment is expected to become more important in the coming years?
• What are the key strategies of leading players in the market?
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In vitro fertilization services market size worth US$31.77 billion in 2030