Industry Background:
Before the beginning of IVF, women undergo various screenings or testing. This involves taking a blood sample and testing it for the level of follicle-stimulating hormone.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | The Mayo Clinic (United States), ZyMōt Fertility (United States), Monash IVF (Australia), Ferring Pharmaceuticals (Switzerland), CARE Fertility (United Kingdom), CooperSurgical, Inc. (United States) and Vitrolife (Sweden) |
According to AMA, the market for In Vitro Fertilization Test is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Increasing Obesity and Infertility Rate Due to Mental Stress and Change in Eating Habits.
Globally, a noticeable market trend is evident Increasing Investment for Research and Development of Advanced Technologies and Treatment Methods Major Players, such as The Mayo Clinic (United States), ZyMōt Fertility (United States), Monash IVF (Australia), Ferring Pharmaceuticals (Switzerland), CARE Fertility (United Kingdom), CooperSurgical, Inc. (United States) and Vitrolife (Sweden), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In July 2021, Vitrolife acquired Igenomix from the private equity group EQT. Igenomix develops molecular genetic testing diagnostic for reproductive medicine, including in vitro fertilization (IVF) and rare diseases. The acquisition of Igenomix’s portfolio of reproductive genetic testing services along with its IVF device portfolio will allow Vitrolife to offer an IVF platform to potentially deliver personalised genetic information to patients globally and further improve clinical practices in infertility, women’s health, and rare diseases.
In July 2018, Merck launched the QBOX IVF and the new Geri Assess 2.0 to serve the needs of its customers and become the preferred treatment partner for all IVF stakeholders and assisted reproductive treatment (ART) clinics. The new modules help clinics simplify embryo assessment, improve consistency across users and reduce the time spent in annotations by automatically detecting key events in embryo and blastocyst development.
Influencing Trend:
Increasing Investment for Research and Development of Advanced Technologies and Treatment Methods
Market Growth Drivers:
Increasing Obesity and Infertility Rate Due to Mental Stress and Change in Eating Habits
Challenges:
Less Awareness and Unwillingness to Adopt In Vitro Fertilization in Rural Areas
Restraints:
High Cost Associated With In Vitro Fertilization Can Create Hurdles for the Market
Opportunities:
Increased Adoption of In Vitro Fertilization in Developed Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in In Vitro Fertilization Test Market
- Analysis about New Entrants in In Vitro Fertilization Test Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, In Vitro Fertilization Test Study Sheds Light on
The In Vitro Fertilization Test Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the In Vitro Fertilization Test industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where In Vitro Fertilization Test industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.