London, UK (PRWEB) July 23, 2015
The in-vitro fertilization (IVF) market is poised to see a considerable growth, largely owing to the related technology advancements like 3-parent IVF procedures and pre-implantation genetic diagnosis (PGD).
The global IVF market is expected to reach USD 11.3 billion by end-2021, expanding at 7% CAGR during 2015-2021. A decline in conception rates primarily in women aged 40 years or older, delayed pregnancy in women afflicted with gynecological disorders, altering lifestyles and fertility problems act as key factors driving the market growth. Other factors contributing to the growth in the sector comprise favorable reimbursement environment and the delayed parenthood chosen by couples on the back of financial and professional constraints. At the same time, ethical concerns in certain countries, expensiveness of the IVF procedures and low levels of awareness, specifically in underdeveloped economies like Nigeria, will likely hinder the market’s growth.
The IVF market in APAC is forecast to grow at just under 9% CAGR through to 2021; China is the leading country in the region accounting for the lion’s share of the market and is anticipated to maintain its leadership position in the years to come. In revenue terms, North America is the leader in the world IVF market; the market will likely reach around USD 4 billion by 2021-end, posting around 8% CAGR over the forecast period.
The rise of incentives towards commercialization of cost-effective treatments and emerging health tourism, chiefly in developing countries, will likely offer lucrative growth opportunities for the providers of IVF services in the offing. Furthermore, the increasing clinical research initiatives for the development of innovative IVF technologies are set to provide a platform for growth of the worldwide IVF marketplace.
In-demand research study “World In-Vitro Fertilization (IVF) - Market Opportunities and Forecasts, 2014 - 2021” created by Allied Market Research is now available at MarketPublishers.com.
Title: World In-Vitro Fertilization (IVF) - Market Opportunities and Forecasts, 2014 - 2021
Published: June, 2015
Price: US$ 4,830.00
The report provides a detailed analysis of the global IVF market, segmented by end-use sector and geography. It presents an extensive analysis of the current state of the market alongside providing projections to 2021; limelights key market drivers, restraints and opportunities; reviews the pricing trends by country; and examines IVF cycles by country; as well as provides key findings. The study provides an analysis of the competitive landscape and profiles the leading market participants.
- In-depth examination of the IVF market across 20 leading countries with a cross-sectional study of the number of IVF cycles carried out, and total revenues generated over the forecast period.
- Examination of the strategies adopted by different IVF hospitals and clinics in respective countries to expand market share in the world IVF service market.
- Comprehensive analysis of the region- and country-wise IVF market.
- Detailed analysis of the current market trends along with highlights of the market potential to 2021, by value and volume.
- Analysis of key product positioning alongside monitoring of the top rivals within the market space.
More reports by the publisher can be found at Allied Market Research page.