Published on : Apr 29, 2016
ALBANY, New York, April 29, 2016: The key driver of the global in vitro fertilization market is the overall increase in the need for it. There are several factors that have resulted in a higher demand for IVF, the most important one being the reduction in fertility levels across the globe. This is caused by a number of factors ranging from stressful lifestyles to the increasing consumption of unhealthy convenience foods.
Other reasons boosting the global IVF market include the increasingly advanced maternal age. Due to various socioeconomic factors, women are becoming pregnant at later ages, creating medical complications or a lower fertility rate. Therefore, more and more women are opting for IVF solutions. This is further propelled by the fact that the women can afford IVF, due to a higher amount of disposable income and increasing medical expenditure. Social pressure is also loosening on the global IVF market, as external fertilization methods are becoming increasing accepted across various societies. The global IVF market is also boosted by the growing awareness and funding provided by the government as well as the public. All these funding policies are further advancing the technologies being used in the global IVF market for more efficient procedures.
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Other factors increasing the scope of growth of the global IVF market include the high scope of medical tourism in developing economies of the Asia Pacific, and the increasing number of same-sex marriages in developed nations.
The global IVF market is restrained by the medical complications currently faced by those who have undergone the treatments. These include side effects for the person who has taken up the IVF solution, various types of birth defects that could afflict the child, other complications such as ovarian hyperstimulation syndrome, and an overall high level of stress associated with the mental and physical preparation required for IVF.
The global IVF market is responsible for nearly 4% of the total births in Europe, currently. This percentage is expected to increase in the near future owing to the beneficial factors and trends mentioned above, along with the introduction of innovative treatments and techniques. These techniques revolve around the management of weaker eggs and a low pool of eggs available from the donor. The list of techniques include ICSI, FET, and the use of time lapse technology.
The report provides details on the three top players in the global IVF market: Ova Sciences, Monash, and Vitrolife. For each market company, the report provides a business overview, a descriptive financial overview, and the overall business strategies employed by the companies.
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