There has been a drastic change in the lifestyle of people, and with it they have acquired myriads of habits, such as smoking & drinking and intake of anabolic steroids, and become prone to many medical conditions, like diabetes, cystic fibrosis, testicular failure, fallopian tube blockage. All of these factors have adversely affected the reproductive system on a large scale. Early 1990’s registered a rapid pace in the development of assisted reproductive technology (ART) due to high infertility rate and degrading reproductive health condition. ART, artificial method adopted for treating infertility, has come as a blessing to solve the reproductive health issues.
Among various types of ART, the most frequently used techniques are In-Vitro fertilization (IVF), and Intra Uterine Insemination (IUI). The IVF market is comparatively new and is anticipated to be the biggest market booster in the coming years. IVF is the most frequently used techniques by sterile couples in the U.S., and most of the results are positive for the couples. Although, the success rate of IVF and live births depend heavily on the woman’s age. The quality and quantity of the ova is inversely proportional to the age of a woman. The chance of pregnancy decreases as the age of the female increases, and it increases the risk of miscarriages and side effects on overall health of that female.
The global IVF market is on the rise, despite many complications in the method and end results. The factors which are driving the market towards a positive growth are high rate of infertility, increasing awareness and willingness about egg and sperm donation, presence of surrogacy market, and advancement of assisted reproductive technology (ART) among others. However, there are certain challenges to look out for in order to sustain the growth of the market. These challenges are high cost of the whole tenure of the IVF procedure, ethical issues and social justice, lack of awareness and education in developing countries and increasing cases of multiple births and pregnancies.
Besides the aforementioned challenges, the cultural and regulatory impact on the global IVF market is restraining the growth of the market. Since child bearing and birthing is a very personal and emotional experience, the IVF process gets intertwined with the patient’s emotional and physical health. In some developing countries, the cultural and ethical attitude towards IVF process restrains the growth of this market. However, the governments have introduced educational and awareness programmes, which are contributing immensely towards the development of the global IVF market.
The IVF procedure market has bifurcations depending on the techniques, viz. Intracytoplasmic Sperm Injection (ICSI), Frozen Embryo Replacement (FER), Zygote Intrafallopian Transfer (ZIFT) and Gamete Intrafallopian Transfer (GIFT). Globally, ICSI is the most frequently used technology and accounts for two-thirds of the global IVF market. However, this market share of ICSI is expected to decline in the future as investments in Frozen Embryo Replacement (FER) is increasing. Due to its high adaptability and an increasing rate of adoption, the FER procedure market will witness the highest growth during 2016 to 2022.
BIS Healthcare has compiled an extensive market research report on ‘Global IVF Market: Focus on Procedures, Instruments, And Reagents & Media - Analysis & Forecast, 2016-2022’. The market analysis report provides an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which includes drivers, restraints and opportunities prevailing in the industry.
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