PORTLAND, Oregon, June 1, 2016 /PRNewswire/ --
According to a new report by Allied Market Research, titled, "World In VitroFertilization Devices and Consumables Market - Opportunities and Forecasts, 2014-2020", global sales of IVF devices and
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To know more about the report, visit the website at https://www.alliedmarketresearch.com/in-vitro-fertilization-devices-and-consumables-market
In Vitro fertilization (IVF) is a type of assisted reproductive technology, adopted by couples, single mothers, and the LGBT community to deal with infertility conditions. Rising global infertility rates, increasing IVF success rates, and growing per capita healthcare expenditures are boosting the growth of the IVF devices & consumables market. Furthermore, delayed pregnancies and recent innovations in the IVF technology, such as embryoscope and capsule IVF would supplement the market growth. Active government initiatives for LGBT marriages, development of cost-effective IVF procedures and the popularity of fertility tourism is expected to further boost the market growth. However, legal and ethical issues related to IVF treatments, lack of awareness among patients in developing economies, and high costs of IVF devices would limit the market growth.
Capital equipment, such as micromanipulator, IVF cabinets, incubators, and imaging system used in the IVF procedures accounts for the highest share i.e. around 75% in the IVF devices segment. This is attributed to the long shelf-life and high cost related to capital equipment during the IVF procedures. Geographically, Europe would continue to maintain its lead position, owing to the heavy investments made by companies, high affordability, and increasing demand for IVF procedures. This region is expected to grow at a CAGR of 18.2% due to the sophisticated and cost-effective hospitality services and availability of skilled work forces. However, Asia-Pacific is the most lucrative market owing to the rising infertility cases, economic pricing, favorable government regulations, and reimbursements.
Key findings of the study:
Key players operating in this market are largely focusing on product launch as key developmental strategies. Companies are striving to occupy the highest market share through novel product launches such as fully automated vitrification instruments and time-lapse technology. Leading players profiled in this report are Vitrolife AB, EMD Serono, Inc., Irvine Scientific, CooperSurgical, Inc., Cook Medical, Inc., Thermo Fisher Scientific, Inc., Genea Biomedx, Auxogyn Inc., Oxford Gene Technology, and OvaScience Inc.
View all reports related to medical devices at https://www.alliedmarketresearch.com/life-sciences/medical-devices-market-report
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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SOURCE Allied Market Research
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