In Vitro Fertilization Market Growth at 10% CAGR to 2021

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Aug 02, 2016, 08:30 ET

PUNE, India, August 2, 2016 /PRNewswire/ --

The in vitro fertilization (IVF) market is expected to reach $756.7 million by 2021 growing at a CAGR of 10.1% fueled by intra-cyto plasmic sperm injection segment and driven by growing incidence of male infertility with Asia-Pacific expected to hold largest share of regional in vitro fertilization market.

Complete report on global in vitro fertilization market spread across 159 pages, profiling 10 companies and supported with 100 tables and 41 figures is now available http://www.marketreportshub.com/in-vitro-fertilization-industry-research-marketsandmarkets.html

Factors such as declining fertility rates, growth in the media age of first-time motherhood, growing cases of male infertility, growth in healthcare expenditure, rise in consumption of alcohol and cigarettes, implementation of government initiatives and introduction of new and advanced products are driving the in vitro fertilization market. However, high cost coupled with low success rate, and restrictive regulation and ethical concerns are expected to restrain the growth of this market to a certain extent.

The intra-cyto plasmic sperm injection segment accounted for the largest share of the global in vitro fertilization market, by technology, in 2016. Growing incidence of male infertility is contributing to the large share of this segment. The embryo culture media accounted for the largest share of the global in vitro fertilization market, by reagents, in 2016 and is expected to grow at the highest CAGR during the forecast period. Imaging systems segment accounted for the largest share of the global in vitro fertilization market, by equipment, in 2016. However, sperm separation systems are expected to grow at the highest CAGR during the forecast period. The fertility and surgical centers segment accounted for the largest share of the global in vitro fertilization market, by end user, in 2016.

Asia-Pacific accounted for the largest share of the in vitro fertilization market in 2016, followed by Europe and North America. The large share of the Asia-Pacific in vitro fertilization market can primarily be attributed to the high maternal age in Japan, abolishment of China's one child policy, rising fertility tourism in India and Thailand, growing surrogacy and high prevalence of PCOS in India and growing number of ART procedures in Australia and New Zealand. In addition, the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period.

Cooper Surgical, Inc. (U.S.), Vitrolife AB (Sweden), Cook Medical, Inc. (U.S.), Irvine Scientific (U.S.), Thermo Fisher Scientific, Inc. (U.S.), ESCO Micro Pte. Limited (Singapore), Genea Limited (Australia), The Baker Company (U.S.), IVFtech ApS (Denmark) and EMD Serono, Inc. (U.S.)are some of the key players in the global in vitro fertilization market. Order a copy In Vitro Fertilization Market by Product (Incubators, Cryosystem, Sperm Seperation System, Cryopreservation Media, Embryo Culture Media), Technology (Pre-Implantation Genetic Diagnosis, Intra-Cytoplasmic Sperm Injection) & End Users - Forecast to 2021 research report at http://www.marketreportshub.com/purchase?rpid=4129 .

Major players in the market are focusing on various strategies such as agreements, alliances, collaborations, and partnerships; new product launches; acquisitions; product approvals; expansions; and other strategies (product enhancement and spin-off), to establish a strong foothold in the global in vitro fertilization market.

On a related note, another research on Infertility Treatment Devices Market Global Forecast to 2020 says, the global market is expected to reach USD 3,698.92 million by 2020 from USD 1,822.32 million in 2015, at a CAGR of 15.21% between 2015 and 2020. North America is expected to account for the largest share of the global infertility treatment devices market in 2015. Market growth is majorly driven by the rising infertility rate among couples and single women. Companies like The Cooper Companies Inc., Cook Group Incorporated, Thermo Fisher Scientific, Inc., Vitrolife AB, Research Instruments Limited, Esco Micro Pte. Ltd., Genea Limited, IVFtech ApS, Irvine Scientific and The Baker Company, Inc. have been profiled in this 140 pages research report available at http://www.marketreportshub.com/infertility-treatment-devices-marketsandmarkets.html .

Explore more reports on Life Sciences market at http://www.marketreportshub.com/categories/life-sciences .

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