Report Title: In Vitro Fertilization (Ivf) Market Reports & Male And Female Fertility Treatment Market by Country (United States, Canada, India, China, Japan, United Kingdom), Company Profiles, Share, Size, Trends, Analysis, Opportunities & Forecast 2015-2021
Healthcare infrastructure has witnessed a lot of change in the last decade. With this emergence of minimally invasive surgeries and better facilities such as Hybrid operating rooms, there is a considerable improvement in the public health. Many hospitals and healthcare institutes are now engaging these facilities to provide better healthcare. Infertility is one of the biggest areas of concern across the globe. One out of six couples suffers from some form of infertility. About 10 percent women aged 20-44 suffer from infertility. There are various reasons for infertility, which include physiological, genetically induced disorders and at times may be self-induced as in the case of contraceptive surgeries. Treatment from infertility has become a lucrative business these days and the global market for treatment of infertility is expected to grow with a popping CAGR in next five years.
Experts agree with the prospects of IVF market as the market is now mainly driven by the growing awareness and the strong development in the healthcare infrastructure in the developed countries. One such growing field in this space is embryology which is a latest gizmo in IVF medical field. It is expected that growth of embryology will lead to improved pregnancy rates. Another important factor that is pushing the IVF market is the growing commercialization in the developing countries. These IVF interventions are cost-effective and are also a driving force for the global IVF market.
North America is the leading market for the IVF market due to rapid technological advancement. Hospitals and clinics in North America are adopting IVF interventions to improve IVF procedures to improve the fertility rate in the country. While Asia Pacific is expected to be the fastest growing market for IVF mainly due to the growing medical tourism in countries such as India, China and Korea.
Easy availability of surrogates in developing countries at a very low price is another major driver. Moreover, increasing success rates of IVF is encouraging the patients to undergo the treatment. Despite of various motivators the market is experiencing slower growth rate due to high cost of treatment. The average cost of an IVF cycle is $8,158. Also the legal obligation in different geographies with respect to surrogacy is a major restraint. However, global rise in demand for infertility treatment during the forecasted period and increasing interest of private equity investors in the sector is helping in the growth of IVF market.