Global embryo culture media market trends and forecast
According to embryo culture media industry analysis, the global embryo culture media market is anticipated to grow at a steady rate and post a CAGR of more than 9% during the forecast period. The increasing awareness of in vitro fertilization (IVF) treatment will drive the prospects for the global embryo culture media market growth until the end of 2021. The increase in awareness and success rate for assisted reproductive technology (ART) procedures such as IVF treatment will increase the demand for embryo culture media.
Some of the major factors responsible for the growing preference for IVF media devices and treatment includes convenience, improving education system among the female population, disposable income, and rise in the number of working women. Furthermore, the success rate of IVF treatment is also increasing the demand for these procedures, which, in turn, will increase the embryo culture media market value in the coming years.
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Embryo culture media market driver
The increasing acceptance of same-sex marriages will drive the growth prospects for the global embryo culture media market for the next four years. This has increased the use of donor sperm by same-sex couples as there is a rise in egg, embryo, or sperm donations and use of fertility services, which, in turn, increases the adoption of fertility services such as IVF.
Embryo culture media market: Competitive landscape and key vendors
The global embryo culture media market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that these IVF products manufacturers are increasingly competing against each other based on factors such as quality, pricing, market reach, and financial resources, to attain competitive advantage in the IVF culture medium market.
Key vendors in the embryo culture media market
Other prominent vendors in the market include EMD Serono, ESCO Micro, Genea, IVFtech, NMC Healthcare, The Baker Company, and Thermo Fisher Scientific.
Embryo culture media market segmentation by end-user
- Fertility clinics
- Hospitals
The fertility clinics segment accounted for the majority market share during 2016 and will continue to dominate the IVF culture medium market for the next four years. One of the major factors responsible for the maximum demand for embryo culture media from the fertility clinics segment is the rising infertility rates due to delayed pregnancies among women.
Embryo culture media market segmentation by geography
In terms of geography, EMEA accounted for the majority market share during 2016 and will continue to dominate the IVF culture medium market during the forecasted period. Some of the major factors responsible for the growing demand for fertility treatments such as IVF and, in turn, for cell culture media in the region is the declining birth rates, a rise in sedentary lifestyle, growing the older population, and rising infertility due to declining egg quality among women.
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Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global embryo culture media market?
- What are the key market trends impacting the growth of the global embryo culture media market?
- What are the challenges to market growth?
- Who are the key vendors in the global embryo culture media market?
- What are the market opportunities and threats faced by the vendors in the global embryo culture media market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global embryo culture media market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Regulatory landscape of ART and IVF
PART 06: Fertility tourism
- Market overview
- Market size and forecast
- Five forces analysis
PART 07: Geographical segmentation
- Global embryo culture media market by geography
- Embryo culture media market in EMEA
- Embryo culture media market in Americas
- Embryo culture media market in APAC
PART 08: Segmentation by end-user
- Global embryo culture market by end-user
- Fertility clinics
- Hospitals
- Others
PART 09: Market drivers
- Rise in lifestyle disorders
- Growing number of delayed pregnancies
- Increase in awareness of IVF treatment
- Rise in income level of consumers
PART 10: Impact of drivers
PART 11: Market challenges
- Side effects of infertility treatment
- Lack of strict regulatory norms and limited reimbursements
- High cost of treatments
PART 12: Impact of drivers and challenges
PART 13: Market trends
- Growing number of egg, sperm, or embryo donors
- Rising trend of cryopreservation of eggs and embryos
- Proliferation of strategic initiatives
- Increase in acceptance of same-sex marriages
PART 14: Key vendor analysis
- Competitive scenario
- Investment opportunity
- Cook Medical
- CooperSurgical
- Irvine Scientific
- Vitrolife
- Other prominent vendors
PART 15: Appendix