“In Vitro Fertilization (IVF) Hormones
Market: Global Demand Analysis & Opportunity Outlook 2021”
The global in vitro fertilization
(IVF) hormones market is segmented into types such as follicle-stimulating
hormone/ gonadotropin-releasing hormone (GnRH) and luteinizing hormone. Among
these segments, follicle-stimulating hormone/ gonadotropin-releasing hormone
(GnRH) segment is expected to occupy top position in overall in vitro
fertilization (IVF) hormones market during the forecast period. Factors such as
rising number of infertility cases, increasing awareness about infertility
treatment, growth in per capita income of the population are expected to
augment the growth of in vitro fertilization (IVF) hormones market.
Global in vitro fertilization (IVF)
hormones market is expected to flourish at a CAGR of 10.1% over
the forecast period. Moreover, the global in vitro fertilization (IVF) hormones
market is anticipated to garner USD 7,571.2 Million by the end of 2021. Increasing
number of infertility clinics across the globe and growing cases of infertility
are some of the major factors behind the growth of in vitro fertilization (IVF)
hormones market.
North America dominated the
overall market of in vitro fertilization (IVF) hormones. According to Centers
for Disease Control and Prevention, in U.S., 208,604 IVF procedures were
performed, out of which, 70,354 infants were born. Additionally, rising success
rate is expected to swell the demand for the In-Vitro fertilization hormone
during the forecast period. Europe in vitro fertilization (IVF) hormones market
is projected to grow at significant pace in the next few years. Asia Pacific is
anticipated to witness a CAGR of 16.4% over the forecast period. Factors such
as rising disposable income, growth in medical tourism and growing awareness
regarding in vitro fertilization (IVF) treatment are likely to impel the growth
of in vitro fertilization (IVF) hormones market.
Increasing Adoption of IVF Treatment across the Globe
Rising public awareness
about infertility and its treatment has triggered the demand for in vitro
fertilization (IVF) treatment. Moreover, as per human fertilisation and
embryology authority, number of IVF cycles has witnessed an increase in the
past few years. This factor is anticipated to foster the growth of in vitro
fertilization (IVF) hormones market.
Rise in the Number of Infertility Clinics
The market is expected to
escalate at a rapid pace during the forecast period on the account of the
increasing number of infertility clinics across the world. Apart from this, high
percentage of coupled facing infertility issue (around 15% of total population)
is expected to surge the demand for In-vitro fertilization hormone (IVF) market
over the next few years.
Although, high cost associated
with IVF procedures (USD 10,000-12,000 per cycle) is likely to inhibit the
growth of the global in vitro fertilization (IVF) hormones market in the near
future.
The
report titled “In Vitro Fertilization (IVF) Hormones
Market: Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of
the global in vitro fertilization (IVF) hormones market in terms of market
segmentation by type, by gender and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This report also provides the
existing competitive scenario of some of the key players of the global in vitro
fertilization (IVF) hormones market which includes company profiling of Lee
Biosolutions Inc., Aquatic Remedies Pvt. Ltd., Sigma-Aldrich, Empower Pharmacy,
Kamiya Biomedical Company, Agilent Technologies, BBI solutions, Thermo Fisher
Scientific Inc., Genzyme Corporation and Asta Medica GmbH. The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global in
vitro fertilization (IVF) hormones market that will help industry consultants,
equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
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