- Key End-user Segments include Hospitals, Fertility Clinics and Surgical Centers
The EMEA region will be contributing more than 40 percent in the growth of Global in Vitro Fertilization Market (IVF) for the 2012-2016 period, according to the latest research findings by the independent London-based global research firm, TechNavio.
TechNavio found that the EMEA region is highly concentrated with rich distribution channels for IVF devices and culture media products. The region also has several small and medium-sized companies that are providing technological and software solutions. Further, some Eastern European countries are popular destinations for medical tourism, which is triggering the growth of the market in the EMEA region.
The Americas (North America & South America) market is closely following this, where the fertility industry is one of the higher revenue-generating industries. High prevalence of infertility rates and technological advances in the field of IVF is fuelling the growth in this region.
China, India, Thailand and Philippines are the new emerging markets In the APAC region for IVF owing to higher infertility rates than any other region. Further, societal pressures are also contributing for greater adoption of these treatments by couples. In addition, these countries are destinations for cross-border reproductive tourism owing to the low cost associated with IVF procedures. With healthcare restructuring and revising regulations making their presence felt on ground, the market here will be growing in the coming times.
Speaking on this occasion, one of the senior analyst and co-author of this report said, “In 2012, the IVF Devices segment held the largest share of 46.67 percent in the Global IVF market followed by ‘Culture Media’ and ‘Capital Equipment’ segment. With Medical tourism reaching a market value of US$4.0 trillion globally by 2020, the IVF market has a bright future for couples wanting to have children.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on the Global in Vitro Fertilization Market 2012-2016 please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global In Vitro Fertilization Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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