Report : Asia Pacific IVF Services Market Forecast to 2027 - COVID-19 Impact and Analysis - by Cycle Type (Fresh IVF Cycles, Thawed IVF Cycles, and Donor Egg IVF Cycles); End User (Fertility Clinics, Hospitals, and Surgical Centers & Clinical Research Institutes)
Fresh IVF Cycles segment by cycle type is estimated to lead the market growth during the forecast period
According to a new market research study of “Asia Pacific IVF Services Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Cycle Type, End User and Country.” The Asia Pacific IVF services market is expected to reach US$ 6,512.44 million by 2027 from US$ 2,670.72 million in 2019; it is estimated to grow at a CAGR of 12.2% from 2020 to 2027. The report highlights trends prevailing in the Asia Pacific IVF services market and the factors driving market along with those that act as hindrances.
The Asia Pacific IVF services market, by cycle type, is segmented into fresh IVF cycles, thawed IVF cycles, and donor egg IVF cycles. The fresh IVF cycles segment held the largest share of the market in 2019, also, the same segment is anticipated to register the highest CAGR in the market during the forecast period. IVF or In Vitro Fertilization is a reproductive technology in which the ova from a woman's ovaries and the sample of sperm from a male are retrieved and manually diffused externally in a laboratory glass dish. After the fertilization, these fertile eggs undergo embryo culture for a few days and are transferred to the same or another woman's uterus to establish a successful pregnancy. The fertility rate is steadily declining globally, owing to various factors, such as the growing trend of late marriages and increasing age-related infertility. According to United Nations projections, Australia's birth rate in 2020 was 12.56 births per 1000 people, a 1.25% decline from 2019. Thus, the declining fertility rate leads to a significant increase in demand for in vitro fertilization (IVF) services that determine the fertility window in males and females. Additionally, a rising number of fertility clinics and infertility services with government support and an increasing number of product launches are projected to drive the IVF services market.
The growth of the market is attributed to increasing incidence of infertility, rising number of fertility clinics and infertility services with government support and growing number of products launches and developments. However, the high procedural cost of assisted reproductive techniques hinders the market growth.
CCRM Fertility, Medic over and Max Healthcare are among the leading companies operating in the Asia Pacific IVF services market.
The report segments in Asia Pacific IVF Services Market as follows:
By Cycle Type
- Fresh IVF Cycles
- Thawed IVF Cycles
- Donor Egg IVF Cycles
By End User
- Fertility Clinics
- Surgical Centres and Clinical Research Institutes
- South Korea
- Rest of Asia Pacific
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