Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “In-Vitro Fertilization (IVF) Market (By Instrument: Culture Media, Disposable Devices, Capital Equipment; By Type: Frozen Non-donor, Fresh Non-donor, Frozen Donor, Fresh Donor; By End-Use: Fertility Clinics, Hospitals & others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”.
LOS ANGELES, April 11, 2019 (GLOBE NEWSWIRE) -- The global In-Vitro Fertilization (IVF) market is anticipated to grow at a constant CAGR around 9.8 % during the forecast period 2018 to 2026 and reach the market value around USD 38.7 billion by 2026.
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According to the report named “In-Vitro Fertilization (IVF) Market - Global Industry Analysis, Growth, Share, Size, Trends and Forecast, 2018-2026”. The market is driven by the growing incidence of infertility due to changes in lifestyle, government actions to better repayment policies and the on-going efforts of the contributors of industry. In the near future, the development of fertility procedures to treat male infertility such as ICSI should have a positive impact on growth. In addition, market drivers are expected to be provided with genomic tests that can prevent the transfer of genetic conditions during IVF. More and more insurance providers were encouraged to cover these procedures. More and more IVF treatments. This finally resulted in competitive pricing and reduced the cost of treatment driving the market with more treatment standardization and automation.
The behavioral change in society is the main contributing factor to the decreased TFR. This shift reflects the increased number of women employed by workers, advanced maternal age, a shift from rural to urban societies. The in vitro fertilization market during the prediction period is projected to drive such factors. Fatness is an additional factor that causes infertility to increase. The fat deposited on the abdomen preventively stimulates follicles by producing male hormones. In males, increased fat deposits reduce testosterone levels and lower sperm production.
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In the next six years, regional growth is projected to be driven by the presence of a good compensation structure, such as US$ 50 million5-year U.S. Defense Department plans for freezing sperm / egg coverage. An increasing number of new clinics will also boost regional demand in order to provide better success rates for fertility. In Europe, the NHS covers 3 IVF cycles and covers freezing gametes. In addition, the region is attracting international customers, because the most egg donors are in countries such as Spain. The clinics also offer sex identification and other treatments with IVF,
A standout amongst the most important transforms that have molded the worldwide medicinal outsourcing market, as it stands today, is the developing recognition among little and moderate sized healthcare firms that redistributing helps cut operational expenses and up effectiveness. This pattern, thusly, has been impelled by the way that few medicinal services associations do not have the venture capacities to set up undeniable IT branches of their own. It is essential to note here that the underlying expense of speculation for the normal charging the billing management software is impressively high. In addition, the re-appropriating of charging administrations is a demonstration of the trust that a healthcare organization puts in the merchant. Along these lines, the danger of merchants losing clients attributable to an information break or mistake in charging is high, which do not offered in NA.
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End Use Insights
The segment of fertility clinics held the biggest market share in 2018 and is expected to lead over the forecast period. As demand for ART treatments rises, there is a considerable increase in the number of fertility clinics and ART centres. Licensed fertility clinics offer advice to pairs with design problems. On the basis of the seriousness of their issues, doctors and specialists plan IVF treatments for pairs. Clinics for fertility offer state-of - the-art equipment like micromanipulation, non-invasive RFID tags and more. In the forecast period, this factor is expected to further boost market growth.
Irvine Scientific, EMD Serono Inc., and OvaScience are Likely to Continue to Lead the Global IVF Market
The In-Vitro Fertilization (IVF) market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are; EMD Serono Inc.; OvaScience; Genea Biomedx; Vitrolife AB; Irvine Scientific; Thermo Fisher Scientific Inc.; Cook Medical Inc.; Cooper Surgical Inc.; Boston IVF, and Progyny, Inc.
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