In-Vitro Fertilization Device Market To Expand Exponentially Registering Phenomenal CAGR Worldwide with Profound Impact on Industry Over 2022
May 20, 2019
As per the latest report published by Market Research Report, In-Vitro Fertilization Device Market will witness an impressive CAGR of 10.50% to reach a valuation of over USD 12,700 Mn. In Vitro Fertilization Market Information, By Type, by Devices, by Reagents, by End Users.
Pune, Maharashtra - May 20, 2019 /MarketersMedia/ —
IVF is a landmark achievement in assistive reproductive technology, which has become extremely popular in recent years. IVF helps in overcoming issues in conceiving or natural impregnation. The technology has undergone tremendous improvements, making it a trusted treatment option. IVF has a high success rate, however, is an expensive procedure and is viewed among the last resorts.
Infertility has become a significant issue affecting a considerable portion of the population. The Center for Disease Control & Prevention has found that close to 7.4 Mn women in the US have been recorded as having difficulty conceiving and/or maintaining pregnancy. In the UK the statistics reflect that 1 in 7 couples have trouble conceiving. Several factors have been identified such as low sperm count, inability to form eggs, and several others.
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IVF techniques have been successfully implemented in such cases to treat infertility; this has increased the demand and use of IVF. Moreover, the increasing demand for infertility treatments has led to increased development of new technologies which offer the highest rate for success. This is particularly significant due to the high cost of IVF treatment.
In Vitro Fertilization Device Market – Competitive Tracking
Some of the key players in this market are:
EMD Serono, Inc.
Irvine Scientific
Cooper Surgical, Inc.
hermo Fisher Scientific, Inc.
Genea Biomedx
Auxogyn, Inc.
Oxford Gene Technology
OvaScience, Inc
Vitrolife AB
Cook Medical, Inc.
Esco Micro Pte. Ltd
In Vitro Fertilization Device Market - Segments
The Global In Vitro Fertilization Market report segments the global market on the basis of type, product, end user, and region.
By Type, the global in vitro fertilization market is segmented into intrauterine insemination, in-vitro fertilization, intracytoplasmic sperm injection, and IVF using donor eggs. The share of intracytoplasmic sperm injection in the global IVF market is likely to remain strong over the forecast period, as the method has become extremely popular in recent years.
By Product, the global in vitro fertilization market is segmented into devices and reagents. The devices segment is sub-segmented into imaging systems, sperm separation systems, ovum aspiration pumps, cerosystem, and micromanipulators. The reagents segment is divided into embryo culture media, cryopreservation media, sperm processing media, and ovum processing media.
By End User, the IVF market is segmented into fertility clinics, hospitals, and clinical research centers.
In Vitro Fertilization Device Market - Regional Analysis
On the basis of the region, the global market for In-Vitro Fertilization Device is segmented into North America, Europe, the Middle East & Africa (MEA) and South America. Among these regions, Europe has emerged as the most attractive market for IVF device, in 2017, Europe accounted for little under 40% share of the global IVF device market, holding the pole position. Growth of the market in the region can be primarily attributed to the increasing government funding for Assisted Reproductive Technology (ART) and declining fertility rate in Europeans. Germany, the UK, and France hold the major share of the Europe market. Meanwhile, North America and South America represented the second largest In-Vitro Fertilization Device Market. Availability of advance IVF technology acts as a major positive for the region’s market.
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Source: MarketersMedia
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