According to the American Pregnancy Association, the live birth rate for women under the age of 35 who go through IVF is 41 to 43 percent. This rate falls down to 13 to 18 percent for women over the age of 40. IVF helps those people who struggle with infertility but want to conceive nevertheless. Parents can also select IVF technology if they do not want to pass a genetic disorder on to their offspring. The baby taking birth by using IVF technology is known as a test tube baby. Increase in cases of infertility, delayed pregnancy, and development of advanced technology treatments such as sperm freezing, hatching, and vitrification are the factors driving the growth of the in vitro fertilization market.
According to IndustryARC, the global In Vitro Fertilization market size is estimated between $7.1 billion to $8.5 billion. IVF is a category of assisted reproductive technology. It is used for the treatment of gestational surrogacy and infertility. According to the European Society of Human Reproduction and Embryology, since 1978, more than 8 million babies have taken birth using IVF technology. The treatment mainly focuses on retrieving eggs from ovaries and impregnating them with sperm. This fertilized egg is also known as zygote that goes through embryo culture for 2 to 6 days. The embryo can then be frozen for storage or transferred to a woman’s uterus. It also helps in reducing fertility disorders. As per the aforementioned reasons, the demand for the market is projected to grow at a notable CAGR of 8.5% to 9.2% during the forecast period of 2019-2025.
Geographically, Europe is depicted as the key region for the growth of the In Vitro Fertilization (IVF) market, with the maximum regional share of 38% to 40% during the forecast period of 2019-2025. The growth in this region is highly dependent on the availability of a large number of laboratory devices and the medicines suitable for the IVF treatment. According to the analyst of the report, the demand for the consumables is estimated to grow at a good CAGR of 6.1% to 6.3% among other product types such as instruments, accessories, and IVF disposable devices.
The report is titled “In Vitro Fertilization (IVF) Market: by method (natural IVF, co-incubation, egg retrieval, others); by instruments (incubators, micromanipulators, others); by end users (clinics, research institutes, others) & geography – forecast (2019 – 2025).”
Global In Vitro Fertilization (IVF) Market: Trends
- Embryo Cryopreservation Improves Chances of Pregnant –
The embryos developed during the IVF process undergoes embryo cryopreservation process in which non-transferred nuclei are frozen and preserved for future use. Embryos are combined with the cryoprotectant solution before being frozen in order to reduce their freezing point. Embryos preserved using cryopreservation process for 20 years are also helping couples to get pregnant.
- ICSI and PGD Techniques for Male Infertility
Intracytoplasmic sperm injection (ICSI) and Pre-implantation Genetic Diagnosis (PGD) are the techniques mainly focused on the malefactor and genetically related infertility. These methods are used for male suffering from factors such as slow movement of the sperm, low sperm counts, and poor sperm quality. These procedures investigate oocyte precursor cells which are responsible for the formation of poor embryos.
Global In Vitro Fertilization (IVF) Market: Competitive Landscape
Some of the key players operating in the global in vitro fertilization (IVF) market are OvaScience, EMD Serono Inc., Vitrolife AB, Irvine Scientific, Cook Medical Inc., Cooper Surgical Inc., GeneaBiomedx, Thermo Fisher Scientific Inc., Progyny, Inc., Boston IVF, and Others.
- OvaScience –
The company uses EggPC technology to progress the new treatments. The main aim of the company is to increase live births rates by reducing the overall cost for the IVF treatment. The company’s innovation AUGMENT is used to revive woman’s egg by implanting mitochondria through EggPCs prepared from her own egg during IVF.
In Vitro Fertilization is used for the treatment of gestational surrogacy and infertility. The treatment mainly focuses on retrieving eggs from ovaries and impregnating them with sperm. Increasing infertility cases due to transforming lifestyles are driving the growth of the in vitro fertilization (IVF) market. Moreover, the embryo cryopreservation process is creating new avenues for revenue for the in vitro fertilization market players.
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