Infertility is a serious problem that our society is facing at present. In-vitro fertilization is and assisted reproductive technology which is commonly known as IVF and is a very common method for infertility treatment.
According to a recent study published by the Market Research Future analysts, the Global In-Vitro Fertilization (IVF) Device Market is growing at a decent double-digit growth rate. The growth of this market is mainly due to the rising cases of infertility, growing awareness of the in-vitro fertilization technology, and growing acceptance of IVF procedure. Apart from that, Medical tourism in developing countries like India, Singapore, Malaysia, Pakistan and few others are driving the market for IVF Device market in those regions.
Furthermore, IVF is one of the broadly known treatments, which has helped couples with infertility issues, single parents and the LGBT group to reproduce/procreate. The global IVF device market would witness a generous development in future attributed to rising rate of infertility cases, rising pattern of delayed pregnancies among women, innovative developments in IVF procedures/methods and expanded events of gamete donations.
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On the other hand, there are some hindering factors which are restricting the market growth such as side effects and complications during procedure, high cost of procedure, high prices of devices, and lack of surety etc. The market is expected to show large opportunities in the coming future with the advancement of technology in developing countries and new products with increased accuracy. However, some of the challenges which the market is expected to face includes competition from new entrants or medical device industry giants entering the business or market and the continuous advancements in the product.
In Vitro Fertilization Device Market – Key Players
Some of the key players in this market are: EMD Serono, Inc., Irvine Scientific, Cooper Surgical, Inc., hermo Fisher Scientific, Inc., Genea Biomedx, Auxogyn, Inc., Oxford Gene Technology and OvaScience, Inc Vitrolife AB, Cook Medical, Inc., Esco Micro Pte. Ltd and others.
Industry News:
In September 2018, it was revealed in Australian Financial review Friday that the Asian investment firm Aldworth Management, Hong Kong-listed financial services and wealth company Mason Group and Chinese company WeDoctor which is backed by Tencent Group Holdings Ltd. are have teamed up to buy Genea, Australia’s third-largest in vitro fertilization services provider based in Sydney.
In January 2018, A team of researchers from Worcester Polytechnic Institute (WPI) and Stanford University, developed a SPARTAN sperm sorting device that Could Improve IVF Success. The device uses an “obstacle course” to sort and select faster and healthier sperm cells which can be used in IVF treatment.
In November 2016, The Cooper Companies, Inc. announced the acquisition of Wallace, the in-vitro fertilization (IVF) segment of Smiths Medical by CooperSurgical. The acquisition provides strategic benefit to CooperSurgical’s existing IVF portfolio as Wallace brings the gold standard of embryo transfer catheters along with some of the premier products like oocyte retrieval needles.
In June 2016, CooperSurgical acquired Reprogenetics UK of Oxford, United Kingdom. Reprogenetics UK is a terrific addition to CooperSurgical’s industry leading ART portfolio of IVF and genetic testing solutions.
In Vitro Fertilization Device Market – Segments
Global In Vitro Fertilization Device Market has been segmented on the basis of devices which comprises accessories and disposables, micromanipulator imaging system, cabinet, ovum aspiration pump, sperm separation system, incubators, cryosystem and others. On the basis of technology, the market is segmented into frozen embryo transfer technique, donor egg IVF technique, fresh embryo transfer technique and others. Further on the basis of end users the market is segmented into surgical centers, clinical research institutes, fertility clinics, hospitals and others.
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In Vitro Fertilization Device Market – Regional Analysis
Geographically, the global in vitro fertilization device market is segmented into four major regions such as America, Europe, Asia Pacific and the Middle East and Africa. The America region is dominating the global in vitro fertilization device market owing to the increasing demand for this procedure and easy adoption of advanced technology in this region. The Europe region is anticipated to be the second largest market in the global in vitro fertilization device market due to the increasing health care expenditure and availability of upgraded medical devices in this region.
The In Vitro Fertilization Market in the Asia Pacific region is registered to grow at a significant rate during the forecast period owing to the increasing awareness and acceptance of in vitro fertilization technology in this region. Lack of awareness and poor primary health care services in the underdeveloped areas of the Middle East and Africa region are hampering the expansion of the in vitro fertilization device market in this region.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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