In-Vitro Fertilization Services Market Analysis by Products

In-vitro fertilization is an assisted reproductive technology, which involves a series of procedures for treating infertility problems. It involves the fertilization of the ovum in-vitro, followed by implantation of the embryo into a womens uterus. The IVF technology is fast gaining pace in the Asia Pacific region, as the infertility rates are spiraling. In addition, the rapidly rising geriatric population is a major concern for countries with below average birth rates such as, Indonesia, Vietnam, Cambodia and Philippines. Also, the rising trends towards delaying pregnancy has steadily increased in China and many other countries, resulting in aging of the eggs, making it less suitable for fertilization. This in turn, has increased the need of IVF services. Moreover, the commercialization of cost-effective fertility treatments and significant growth in medical tourism across Asia-Pacific would offer lucrative opportunities in future. Furthermore, proactive initiatives for the development of novel IVF technologies would facilitate the dynamic growth of the Asia-Pacific IVF market.

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The Asia-Pacific IVF services market was evaluated at $1.9 billion in 2014 and is estimated to garner $3.5 billion by 2020, registering a CAGR of 10.8% during the forecast period 20152020. This market is expected to witness significant growth during the forecast period on account of the delayed pregnancies, rising infertility rates due to dysfunctional lifestyles, environmental pollution, increasing disposable incomes and emergence of newer fertility tourism destinations. In addition, several academic institutions are collaborating with fertility hospitals and clinics to conduct extensive research & development activities, and provide more effective and better treatment facilities. The other factors, namely technological advancements, utilization of intra-cytoplasmic sperm...