In Vitro Fertilization (IVF) Market in Asia Pacific Will Reach $4.2 Billion by 2020 - Allied Market Research

Share Article

The IVF market in Asia Pacific stood at $1.3 billion in 2012 and is estimated to be $1.4 billion in 2013. The IVF market in the region is forecast to grow to $4.2 billion in 2020 at a CAGR of 17.1% during 2013 - 2020.

News Image
The growth trajectory further consolidated with growing government interventions and support, especially in countries such Japan, Korea and Singapore where the lower fertility, aging population and lack work force has triggered severe implications.

According to a new report by Allied Market Research titled, "In Vitro Fertilization Market in Asia Pacific - Country Analysis by End Users (Clinics, Hospitals, Surgical Centers, Clinical Research Institutes, Banks), Number of Cycles, Revenue, Share, Growth, Trends, and Forecast through 2020," the IVF market in Asia Pacific stood at $1.3 billion in 2012 and is estimated to be $1.4 billion in 2013. The IVF market in the region is forecast to grow to $4.2 billion in 2020 at a CAGR of 17.1% during 2013 - 2020. The overall number of IVF cycles performed in the region stood at 329.3 thousand in 2013. The number of IVF cycles in Asia Pacific will continue growing with a fast pace during 2013 - 2020 to reach 779.4 thousand in 2020, registering a CAGR of 13.1% during the evaluation period.

To request a sample of the report, visit us at http://www.alliedmarketresearch.com/in-vitro-fertilization-asia-pacific-market.

In 2010, the Asia Pacific IVF market grew to become a $1 billion industry. The growth trajectory further consolidated with growing government interventions and support, especially in countries such as Japan, Korea and Singapore where the lower fertility, aging population and lack work force has triggered severe implications.

Although the largest number of IVF cycles is performed in India, Australia is the largest contributor to overall region's revenue. Australia IVF market is estimated to be worth $369.7 million in 2013. The market is further expected to become a billion dollar industry in the country, garnering $1.1 billion in 2020 at a CAGR of 17.5% during 2013 - 2020. However, India IVF market is expected to be fastest growing country market with a CAGR of 17.9% during the same period. The faster revenue growth in India IVF market will be supported by the growth in cost per cycle due to increasing sophistication of procedures and advancement in technology.

Browse similar market studies by Allied Market Research.

Global continuous glucose monitoring CGM market report at http://www.alliedmarketresearch.com/continuous-glucose-monitoring-cgm-market

Rise in incidence of diabetes across the globe has elevated the need of innovative diabetic management devices that has increased adoption of continuous glucose monitoring (CGM) devices. The existing glucose monitoring devices have few gaps which are bridged by the innovative CGM. With continuous glucose monitoring, significant improvement has been observed in stabilizing elevated A1C levels which in turn reduces risk of developing long term diabetic complications.

Global digital pathology market report at http://www.alliedmarketresearch.com/digital-pathology-market

The digital pathology is a new technology that has digitalized the instruments used in the pathology labs for testing. The digitalization has led to the automation of the tests done during the diagnosis procedures. For example, a single digital instrument operated by a single pathologist can perform tests that were previously done using five instruments. The global digital pathology market, valued at $1.98 billion in 2012, is estimated to reach $5.7 billion by 2020.

Global medical device connectivity market report at http://www.alliedmarketresearch.com/medical-device-connectivity-market

In today’s information age, medical device connectivity allows establishment of connection between various medical equipment and devices in a healthcare setting for information sharing. The global medical automation market attained market value of $ 43,200 million in 2013 and expected to have a sustained growth. Medical devices connectivity market is gaining significance as it allows better patient monitoring and information system, which is the key driver of the market. Additionally, the connected medical devices carry important information such as maintenance schedule along with device tracking system through real time location system (RTLS).

Global surgical equipment market report at http://www.alliedmarketresearch.com/surgical-equipment-market

Surgical equipments are medical tools made of stainless steel, titanium, chromium, and molybdenum used to perform various operations such as cutting, dissecting, grasping, suturing etc. Surgical instrument market falls under medical devices market, which has generated revenue of $240 billion in 2013. Increase in number of hospitals performing surgeries is driving the surgical equipments market. 50 million patients are undergoing surgical operations in the U.S. alone.

Fertility clinics and specialty hospital plays crucial role in providing IVF treatment to couple seeking assistance for infertility treatment. With the success of specialized fertility centers such as Virtus Health Ltd (Australia) and Fortis Bloom Fertility and IVF Center (India), the IVF market in Asia Pacific has taken a leap forward. Specialized IVF clinics have been dominant in performing IVF cycles with about 161 thousand procedures performed in 2012. The segment is expected to have 371 thousand IVF cycles by the end of 2020 at a CAGR of 12.1% during 2013 - 2020, closely followed by Hospitals segment at 351 thousand in the same year. Surgical centers will exhibit fastest growth rate during the period; however, largely due to lower volume.

You can see all medical devices market reports at http://www.alliedmarketresearch.com/medical-devices-market-report.

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. All the data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of concerned domain. Our secondary data procurement methodology includes deep online and offline research and discussions with knowledgeable professionals and analysts in the industry.

Contact:
Sona Padman
5320 SW Macadam Avenue,
Suite 100, Portland, OR 97239
United States
Direct: +1(617)674-4143
Toll Free: +1(855)711-1555 (U.S. & Canada)
Fax: +1(855)550-5975
Email: sales(at)alliedmarketresearch(dot)com
Blog: http://blog.alliedmarketresearch.com/
Linkedin: http://www.linkedin.com/company/allied-market-research

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Sona Padman
@marketresearcht
since: 10/2013
Follow >
Allied Market Research
since: 07/2013
Like >
Allied Market Research

Follow us on
Visit website