The global IVF devices market was valued at almost USD 2 billion in 2016 and is expected to surpass USD 3 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global IVF devices market, under its men’s health, women’s health, and genitourinary portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Cook Medical, CooperSurgical, Thermo Fisher Scientific, Vitrolife, and OvaScience.
According to Sharan Raj, a lead analyst for men’s health, women’s health, and genitourinary research at Technavio, “An estimated 3,000 fertility clinics operate worldwide, with about 650 clinics in India. Due to the rise in awareness, many couples facing infertility problems seek medical intervention, thereby spurring the need for IVF and ART clinics.”
The rise in number of fertility clinics allows couples to choose clinics based on their convenience. Smaller countries in terms of the area such as Ukraine and the Czech Republic have 16 and 30 fertility clinics, respectively. There are over 650 fertility clinics in India helping in assisting sterile couples.
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Increase in success rate of procedure
The success rate of an IVF procedure is dependent on some of the factors such as the place where procedure has been carried out and age of the individual. The success rate of procedure plays an important role in driving patient population toward the technologically advanced procedures. The rise in procedure volume leads to an increase in the adoption rate of IVF devices.
Increase in prevalence of infertility
Infertility is recognized as a disease by the World Health Organization (WHO). According to CDC, it has been estimated that infertility affects one in every six couples worldwide. The rise in the cases of infertility, especially in countries such as India, Canada, and Japan, due to changes in lifestyle, increase in consumption of alcohol and irregular food habits is propelling the need for IVF clinics.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global IVF Devices Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Fertility Services Market 2016-2020
- Fertility Market in the US 2016-2020
- Global CO2 Incubator Market 2017-2021
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