High cost and low awareness level for the IVF treatment are the factors restraining the growth of the market. According to recent IndustryARC research report, the in vitro fertilization market is estimated with a profitable growth during the forecast period. The report is titled “In Vitro Fertilization (IVF) Market: By Method (Natural IVF, Co Incubation, Egg Retrieval, Others); By Instruments (Incubators, Micro Manipulators, Others); By End Users (Clinics, Research Institutes, Others) & Geography - Forecast (2018 - 2023).”
Global In Vitro Fertilization Market: Snapshot
In Vitro Fertilization (IVF) is a category of assisted reproductive technology. It is used for infertility treatment and gestational surrogacy. 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 to 13 to 18 percent for women over the age 40. IVF helps people with infertility. It also finds employments among recipients who do not want to pass a genetic disorder on to their offspring.‘Test tube baby’ is a result of IVF.
Increase in cases of infertility, delayed pregnancy, improved surrogacy laws, flexible government regulations for fertility tourism, fertility disorder and development of advanced technological treatments are the factors driving the growth of the in vitro fertilization market. As per a report by NCBI (National Center for Biotechnology Innovation), the global industry of commercial surrogacy is estimated to be an enormous $6 billion annually.
Browse 89 Market Tables, 179 Figures spread through 148 slides and an in-depth TOC on “In Vitro Fertilization (IVF) Market (2018 - 2023)”
In Vitro Fertilization (IVF) Market: Disruptive Trends and Drivers
- Increase in transfer of vitrified embryos, is a procedure which is becoming more and more popular as it has helped many couples in achieving pregnancy. The popularity of vitrified embryos is increasing, because of its less invasive and less stressful procedure of transferring embryos. According to the US National Institute of Health, the market in India holds $400 million annually with 3,000 specialty clinics.
- The combination of inexpensive human genome sequencing, increasing the number of known identifiable genetic diseases, and the wide availability of cheap 23andMe type genetic screening are resulting in an explosion demand for IVF treatment from fertile couples who do not want the transmission of genetic diseases to their children.
- Use of a gestational surrogate procedure is growing rapidly, with the help of IVF technology. In this situation, the woman carries the baby until birth and does not have any genetic ties with the baby. The surrogate mother is usually selected from the family, friends or a special surrogate agency.
- Intracytoplasmic sperm injection (ICSI) is a process in which the sperm is directly injected into eggs that are obtained from in vitro fertilization (IVF). ICSI is used for people suffering from male infertility factors such as slow movement of the sperm, low sperm counts, and poor sperm quality.
IVF is used for infertility treatment and gestational surrogacy. Increasing cases of infertility is driving the growth of the in vitro fertilization market. Moreover, the increase in transfer of vitrified embryos is creating new revenue avenues for the in vitro fertilization market players. Developing economies are hot revenue pockets as international traffic are opting for such avenues owing to their economical healthcare infrastructure.
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