About IVF Services
Growing cases of infertility among women owing to the change in lifestyle are driving the global IVF services market in the forecasted period. IVF has come up as a dependable procedure to perceive among women. The surge in the success rate of IVF procedure is a vital factor driving the global IVF service market. Along with this, a rise in the trend of delayed pregnancies and High adoption of IVF procedures in both urban and rural areas is driving the growth of the IVF services market globally.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.8% |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that Indian Players will contribute the maximum growth to Asia Pacific IVF Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bangkok IVF center (Thailand), Bloom Fertility and Healthcare (India), Cloudnine Fertility (India), Fertility Associates (India), Fertility First (Australia), Flinders Reproductive Medicine Pty Ltd (Australia), Genea Oxford Fertility Limited (New Zealand), IVF NAMBA Clinic (Japan), KL Fertility & Gynaecology Centre (Malaysia) and Manipal Fertility (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Monash IVF Wesley Hospital Auchenflower (Australia), Morpheus Life Sciences Pvt. Ltd. (India) and Repromed (Australia).
Segmentation Overview
AMA Research has segmented the market of Asia Pacific IVF Services market by and Region.
On the basis of geography, the market of IVF Services has been segmented into Asia Pacific (China, Japan, New Zealand, India, South Korea, Taiwan, Australia, Thailand, Malaysia, Rest of Asia-Pacific). If we see Market by Procedure, the sub-segment i.e. Intracytoplasmic Sperm Injection (ICSI-IVF) will boost the IVF Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering, the sub-segment i.e. IVF drugs will boost the IVF Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cycle Type, the sub-segment i.e. Fresh IVF Cycles (Non-Donor) will boost the IVF Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Fertility Clinics will boost the IVF Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Upsurge in Trend of Delayed Pregnancies and Fuel in IVF Success Rate
Market Growth Drivers:
Growth in Infertility Rate and Rise in Disposable Income Worldwide
Challenges:
Low Awareness Level for IVF in Some under Developed Regions
Restraints:
High Cost Associated With IVF Services and Complications Associated With IVF treatment
Opportunities:
Upsurge in Fertility Tourism and Increase in Number of Fertility Clinics
Market Leaders and their expansionary development strategies
In July 2023, BPEA EQT has acquired 60% of Indira IVF Hospital Pvt. Ltd, India's largest chain of fertility clinics, from TA Associates and the fertility company's founders at a valuation of about USD 1.1 billion, according to two people familiar with the transaction.
In February 2019, Cloudnine Group of Hospitals, India’s leading chain of maternity and childcare and fertility group of hospitals has announced the expansion of its nationwide footprint by launching its dedicated fertility center in Bengaluru at HRBR layout.
Key Target Audience
Medical Research Organizations, Industry Associations, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.