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(Health-NewsWire.Net, October 16, 2019 ) Market Overview:
IVF is a type of assisted reproductive technology used for infertility treatment and gestational surrogacy. A fertilized egg may be implanted into a surrogate's uterus, and the resulting child is genetically unrelated to the surrogate. IVF is generally not used until less expensive and invasive options have failed or been determined unlikely to work. High success rates, live birth rates, rise in infertile population are some of the drivers of the market.
Market Dynamics:
IVF Devices and Consumables Market is driven by increase in infertility rates, increased number of sexually transmitted diseases, technological advancement associated with IVF devices, increase in donation of gametes. Increase in global infertility rates is one of the dominating factors propelling the market.
However, high costs associated with IVF procedures, complications related to IVF treatment, and low awareness of IVF services are hampering the market growth. In 2011, direct costs per couple ranged from approximately $13,000 in the US to over $4,000 in the UK, Australia, Germany and $112,799 in California.
Market Segmentation:
On the basis of products, the IVF Devices and Consumables market is segmented into Instruments, Reagent & media and Accessory and disposables. The instrument segment is further divided into sperm separation system cryosystem, imaging system incubator, IVF cabinet, micromanipulator, and others. Reagent & media is sub segmented into semen processing media, cryopreservation media, embryo culture media, ovum processing media.
Instrument segment is expected to grow at a high rate over the forecast period. This is owing to the technological advancements and increase in demand for advanced IVF devices
Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific, and the Middle East and Africa.
North America is dominating the IVF Devices and Consumables Market in 2018 and estimated to hold largest market size over the forecast period (2019-2026). This is owing to higher live birth rates using ART, favorable reimbursement schemes, rising prevalence of sexually transmitted diseases like Chlamydia and gonorrhea in the region.
However, over the forecast period (2019-2026), the Asia-Pacific is expected to dominate the IVF Devices and Consumables market. The Asia Pacific Initiative on Reproduction (ASPIRE) consists of a task force of clinicians and scientists who are involved in monitoring and managing fertility and Assisted Reproductive Technology (ART). Such initiatives are promoting awareness among consumers which is driving the growth of the IVF and consumables market.
Competitive Analysis:
Some of the major players in the IVF Devices and Consumables market are Cook Medical Inc., IVF Store, Fujifilm Holdings Corporation, Merck KGaA, Millendo Therapeutics, Inc., Oxford Gene Technology, Progyny Inc., The Cooper Companies, Inc. (CooperSurgical, Inc.), Thermo Fisher Scientific, Inc., and Vitrolife AB.
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Sai Kiran
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pr@datamintelligence.com
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