PORTLAND, Oregon and PUNE, India, January 19, 2018 /PRNewswire/ --
According toa new report by Allied Market Research, titled, " In Vitro Fertilization (IVF Services) Market by Cycle Type and End User - Global Opportunity Analysis and Industry Forecast, 2017 - 2023," the global revenues
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The causes of infertility include advanced maternal age, ovulation disorder, damaged or blocked fallopian tube, premature ovarian failure, uterine fibroids, endometriosis, impaired sperm production or function, unexplained infertility.
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By end user fertility clinics accounted for major share of the global IVF services market in 2016, and is projected to maintain this trend throughout the forecast period. The rise can be attributed to rise in the number of fertility clinics as well as the availability of wide range of fertility treatments under one roof coupled with government reimbursements. Fertility clinics and specialty hospitals play crucial roles in providing IVF treatments to couples seeking assistance for infertility treatments, and together they occupy over three-fourths share of the overall market.
Based on geography Asia-Pacific captured the highest market share in 2016, and is expected to grow rapidly during the forecast period, owing to high success rates of IVF in this market, followed by rising trend of fertility tourism. Europe accounted for about one third of the overall market revenue in 2016 mainly attributed to large number of IVF procedures in the country and is expected to grow at a CAGR of 5.3%. Spain was the highest revenue generating country in European IVF services market followed by U.K. and France.
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The IVF market in developing economies such as APAC has numerous opportunities due to the wide availability of IVF clinics and government reimbursements. Countries such as India, China, and Australia have emerged as key fertility tourism destinations in the past few decades.
Key Findings of the In Vitro Fertilization (IVF) Services Market:
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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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