How Will The IVF Services Market Grow In 2022?
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The IVF services market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 10%, as per The Business Research Company’s market report!
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The IVF Services Market Size In 2022 And Forecast
The global IVF services market is expected to grow from $13.68 billion in 2021 to $15.38 billion in 2022 at a compound annual growth rate (CAGR) of 12.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The IVF services market is expected to grow to $23.12 billion in 2026 at a CAGR of 10.7%.
The IVF services market consists of sales of in-vitro fertilization (IVF) services by entities (organizations, sole traders and partnerships) that provide these services.
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The Rising Infertility Rate Is Driving The Growth Of The IVF Services Market
According to the US Department of Health and Human Services, around 12 to 13 couples in 100 have a problem in conceiving. Moreover, according to the Indian Journal of Community Medicine, 15 to 20 million infertility cases are in India alone. The rising infertility rate made people resort to IVF services contributing to the growth of the market.
Competitive Landscape And The Regional Analysis Of The IVF Services Market
Major players in the IVF services market are Ambroise Par Group, amedes MVZ Köln GmbH, AMP Center St Roch, AVA Clinic Scanfert, Bangkok IVF center, Betamedics, Bloom Fertility and Healthcare, Bourn Hall Fertility Center, Biofertility Center and Chelsea and Westminster Hospital (Assisted Conception Unit).
Additionally, as per TBRC’s research – Western Europe was the largest region in the IVF services market in 2021 holding the largest market share.
The IVF Services Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the IVF services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the IVF services market.
Using Platelet-Rich Plasma (PRP) – A Key Trend In The IVF Services Market
Platelet-rich plasma (PRP) is the latest technique increasingly used for improving IVF success rate in patients with recurrent implantation failures. PRP is used alongside fertility treatments like IVF to improve egg quality, uterine lining thickness and endometrial receptivity, and the treatment is primarily for recurrent implantation failure over multiple IVF cycles.
IVF Services Market Segmentation By The Business Research Company
1) By Cycle Type: Fresh IVF Cycles(Non-donor), Thawed IVF Cycles(Non-donor), Donor Egg IVF Cycles
2) By Service Provider: Fertility Clinics, Hospitals, Surgical Centers, Clinical Research Institutes
3) By End User: Fertility Clinics, Hospitals & Other Settings
Here Are Some Reports Related To The IVF Services Market –
Fertility Treatments Global Market Report 2022
Assisted Reproductive Technology Global Market Report 2022
Lateral Flow Immunoassay (LFIA) Based Rapid Test Global Market Report 2022
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